Newmont Corp.

Gold has been off to a strong start this year, surging about 40% since Jan, and according to Goldman Sachs, this momentum is likely to continue through the year.
Having broken through the $2,900 barrier for the first time earlier last month, the price of the precious metal is predicted to top at least $3,100 per ounce by the end of 2025, driven by a number of factors. For starters, US President Donald Trump's decision to [...]

Newmont Corp. announced today that it has completed the previously disclosed sales of three non-core operations, including the Musselwhite and Éléonore operations in Canada and the Cripple Creek & Victor operation in Colorado, USA. "Today, I am pleased to announce the successful divestment of three more of our non-core assets, generating total after-tax cash proceeds of $1.7 billion before closing adjustments," said Tom [...]

Newmont Corporation reported gold Mineral Reserves of 134.1 million attributable ounces at the end of 2024 compared to the Company's 135.9 million attributable ounces at the end of 2023, inclusive of assets held for divestment. Newmont's go-forward Tier 11 portfolio includes 125.5 million attributable gold ounces and significant Mineral Reserves from other metals, including more than 13.5 million attributable tonnes of [...]

Newmont Corporation today announced its fourth quarter and full year 2024 results, declared a fourth quarter dividend of $0.251 and provided guidance for the full year of 2025. "2024 was a transformational year for Newmont, as we focused on the integration of the Newcrest portfolio, divestment of our non-core assets, and transitioning the business onto a stable operating and investment platform. We have deliberately [...]

Newmont Corp. and Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont today announced the redemption of $927,754,000 in principal, fully retiring the 5.30% Notes due 2026 . Including the early redemption of the 2026 Notes, Newmont will have retired approximately $1.4 billion of its debt over the last 12 months, demonstrating the Company's commitment to deleveraging and strengthening its balance sheet. The [...]

Newmont Corp. announced today that it has agreed to sell its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to $425 million in total consideration. Upon closing the sale of the Porcupine operation and the previously announced transactions, Newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments. The transaction is expected to close in the first [...]

Newmont Corp. will release its full year and fourth quarter 2024 results after North American markets close on Thursday, February 20, 2025. A conference call to discuss the results will be held at 5:30 p.m. Eastern Standard Time the same day, which is 9:30 a.m. Australian Eastern Daylight Time on Friday, February 21, 2025. A replay of the webcast will be available through the Company's website. Conference Call Details [...]

Newmont Corp. announced today that Newmont Canada FN Holdings ULC , a wholly-owned subsidiary of Newmont, sold 9,500,000 common shares of Star Diamond Corp. held by the Vendor by way of a private placement transaction for an aggregate purchase price of $190,000.00, being $0.02 per share . Pursuant to the Transaction, the Vendor sold 9,500,000 common shares of Star Diamond , representing approximately 1.54% of the issued [...]

Newmont Corp. announced today that it has agreed to sell its Cripple Creek & Victor operation in Colorado, USA, to SSR Mining Inc. for up to $275 million in cash consideration. Upon closing the announced transactions, Newmont will have delivered up to $3.9 billion in gross proceeds from non-core asset divestitures and investment sales.1 The transaction is expected to close in the first quarter of 2025, subject to certain [...]

Newmont Corp. announced today that it has agreed to sell its Éléonore operation in Northern Quebec, Canada, to Dhilmar Ltd for $795 million in cash consideration. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied.1 Upon closing the announced transactions, Newmont will have delivered up to $3.6 billion in gross proceeds from non-core asset divestitures and [...]