Following the previously announced non-binding letter of intent in April, Newmont has entered into a definitive, binding agreement with OceanaGold to sell Newmont Waihi Gold Limited. Terms of sale include cash proceeds of US$101 million, a US$5 million contingent payment, and a one percent Net Smelter Royalty on a recent discovery north of Waihi’s [...]
Newmont Mining Corp. (NYSE: NEM) ( Newmont or the Company ) has signed a non-binding letter of intent with OceanaGold Corp. (TSX/ASX/NZX: OGC) ( OceanaGold ) to sell Newmont Waihi Gold Limited. Terms of sale include cash proceeds of US$101 million, a US$5 million contingent payment, and a one percent Net Smelter Royalty on a recent discovery north [...]
Newmont Mining Corp. (NYSE: NEM) ( Newmont or the Company ) announced first quarter earnings, including $628 million in operating cash flow, and production in line with guidance. Net income: Achieved net income attributable to shareholders from continuing operations of $175 million, or $0.35 per share, compared to $117 million or $0.23 per share [...]
Newmont Mining Corporation (NYSE: NEM) ( Newmont or the Company ) announced its Board of Directors declared a quarterly dividend of $0.025 per share of common stock, payable on June 25, 2015, to holders of record at the close of business on June 11, 2015. The second quarter 2015 dividend is based on the average London Bullion Market Association [...]
Newmont Mining Corp. (NYSE: NEM) (“Newmont†or “the Companyâ€) announced that it will build the first phase of Long Canyon, an oxide mine with significant upside potential in an emerging gold district located less than 100 miles from its existing Nevada operations. The first phase of development consists of an open pit mine and heap leach operation with expected gold production of between 100,000 and 150,000 ounces per year over an eight year mine life at an estimated all-in sustaining costi of between $500 and $600 per ounce. At current gold prices, the project is expected to generate around $100 mill... [...]
Newmont Mining Corp. (NYSE: NEM) (“Newmont†or “the Companyâ€) today published its 2014 sustainability report, Beyond the Mine, detailing the Company’s safety, economic, environmental and social performance, as well as its commitment to ethical business practices. The [...]
Newmont Mining announced it will report first quarter 2015 operations and financial results after the market closes on Thursday, April 23, 2015. A conference call will be held on Friday, April 24, 2015 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company’s website. Conference Call Details
Newmont Mining Corp. (NYSE: NEM) (Newmont or the Company) reported gold reserves of 82.2 million ounces and copper reserves of 7.9 billion pounds for 2014. Notable gold reserve additions for the year include 0.7 million ounces at Tanami, 0.2 million ounces at Long Canyon and 0.4 million equity ounces at Merian. The Carlin trend continues to [...]
Newmont Mining Corp. (NYSE: NEM) (Newmont or the Company) announced fourth quarter and full year 2014 results, including $1.5 billion in operating cash flow, $524 million of cost savings1 and production in line with guidance for the year. Net income: Reported quarterly and full year net income attributable to shareholders from continuing [...]
Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) announced its Board of Directors declared a quarterly dividend of $0.025 per share of common stock, payable on March 26, 2015, to holders of record at the close of business on March 12, 2015. The first quarter 2015 dividend is based on the average London P.M. Fix of $1,201 per [...]
LAKEWOOD, Colo., Jan. 20, 2015 /CNW/ -- Pershing Gold Corp. (OTCQB:PGLC) ("Pershing Gold" or the "Company"), an emerging Nevada gold producer on a fast-track to reopen the Relief Canyon Mine, announced that Stephen Alfers ("Alfers"), Pershing Gold's Executive Chairman, CEO and President, presented at the Noble Financial Capital Markets' Eleventh [...]
LAKEWOOD, Colo., Jan. 19, 2015 /CNW/ -- Pershing Gold Corp. (OTCQB:PGLC) ("Pershing" or the "Company") is pleased to announce that it has acquired from Newmont USA Limited ("Newmont") (NYSE:NEM) the exclusive mining and surface use rights to approximately 1,600 acres of new long-term mining leases and 74 unpatented lode mining claims comprising [...]