Newmont Goldcorp

Newmont Publishes 2019 Sustainability Report

Monday, June 1, 2020 - 2:00pm

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or The Company) today announced the publication of its 2019 Sustainability Report, Beyond the Mine , a transparent and comprehensive disclosure of the Companys environmental, social and governance (ESG) performance.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or The Company) today announced the publication of its 2019 Sustainability Report, Beyond the Mine , a transparent and comprehensive disclosure of the Companys environmental, social and governance (ESG) performance.
  • Our sustainability report provides investors and other stakeholders a transparent and detailed look at look at our safety, environmental and social performance, said Tom Palmer, President and Chief Executive Officer.
  • Newmonts sustainability efforts have been recognized by several independent organizations:
    For the fifth year in a row, Newmont was named the top gold miner in the Dow Jones Sustainability World Index (DJSI)
    For the second consecutive year, Newmont was included in Bloombergs Gender-Equality Index (GEI) for its efforts to advance qualified women in the workplace
    To meet the needs of both investors and a broader range of stakeholders, Newmonts 2019 Sustainability Report was written in accordance with the GRI (formerly Global Reporting Initiative) Standards Core option, including the GRI Mining and Metals Sector Supplement, and it follows the Sustainability Accounting Standards Board (SASB) Metals & Mining Sustainability Accounting Standard, the framework preferred by investors.
  • The report demonstrates Newmonts commitment to disclosing its performance including site-level data on its most material sustainability topics.

Newmont Provides Updated 2020 Outlook and Confirms Long-term Guidance

Tuesday, May 19, 2020 - 2:00pm

The updated outlook includes the ongoing impact of expected productivity challenges as a result of travel and other restrictions.

Key Points: 
  • The updated outlook includes the ongoing impact of expected productivity challenges as a result of travel and other restrictions.
  • For example, certain hypothetical assumptions are made for calculation of 2020 outlook and long-term guidance.
  • In developing this outlook, Newmont management applied a number of hypothetical assumptions in respect of a number of future matters that impact outlook.
  • A reconciliation of the 2020 Gold AISC outlook to the 2020 Gold CAS outlook is provided below.

Newmont to Begin Safely Ramping Up at Peñasquito

Wednesday, May 13, 2020 - 10:38pm

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that the Company expects to begin safely ramping up operations at Peasquito in Mexico on May 18 following the governments designation of mining as an essential activity.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that the Company expects to begin safely ramping up operations at Peasquito in Mexico on May 18 following the governments designation of mining as an essential activity.
  • The start-up of Peasquito is expected to take roughly two weeks to reach stable production levels.
  • As we begin to ramp up, Newmont will provide an update on the Companys 2020 outlook.
  • Operations at Peasquito were placed on care and maintenance in early April following Coronavirus-related restrictions by the government of Mexico.

Newmont Donates $500,000 to Support the Colorado COVID Relief Fund

Thursday, May 7, 2020 - 2:08pm

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced a $500,000 donation to the Colorado COVID Relief Fund, a statewide relief effort established in March with the support of Governor Jared Polis.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced a $500,000 donation to the Colorado COVID Relief Fund, a statewide relief effort established in March with the support of Governor Jared Polis.
  • Newmonts donation to the Colorado COVID Relief Fund is targeted to benefit residents of Teller and Fremont counties, the communities closest to the Companys Cripple Creek and Victor mine (CC&V).
  • Governor Polis said, We are excited that Newmont is joining the CO COVID Relief Efforts.
  • The Fund is focused on three key areas to ensure the most positive impact and reach those who need it most:
    Additional information about the Colorado COVID Relief Fund, including grant application instructions, can be found at HelpColoradoNow.org .

Newmont Increases Quarterly Dividend by 79 percent to $0.25 Per Share

Tuesday, April 21, 2020 - 12:55pm

Consistent with the Companys prior announcement to significantly increase its industry leading dividend, the first quarter 2020 dividend declared represents an increase of 79 percent compared to the prior quarterly dividend of $0.14 per share.

Key Points: 
  • Consistent with the Companys prior announcement to significantly increase its industry leading dividend, the first quarter 2020 dividend declared represents an increase of 79 percent compared to the prior quarterly dividend of $0.14 per share.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.
  • The Companys world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa.
  • Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices.

Orosur Mining Inc. – Third Quarter 2020 Results & Board Change

Tuesday, April 14, 2020 - 7:00am

As agreed in the Creditors Agreement, on December 19, 2019, Orosur issued 10,000,000 common shares to a trust for the benefit of Lorysers creditors.

Key Points: 
  • As agreed in the Creditors Agreement, on December 19, 2019, Orosur issued 10,000,000 common shares to a trust for the benefit of Lorysers creditors.
  • As at February 29, 2020, the Company had a cash balance of US$463k (May 31, 2019 - US$512k).
  • In March 2020, Newmont made the third US$500k cash payment to Orosur with the fourth and final payment of this sort expected in September 2020.
  • Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals developer and explorer focused on identifying and advancing gold projects in South America.

Newmont Establishes $20 Million Community Support Fund

Thursday, April 9, 2020 - 5:30pm

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced the establishment of a US$20 million fund to help host communities, governments and employees combat the COVID-19 pandemic.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced the establishment of a US$20 million fund to help host communities, governments and employees combat the COVID-19 pandemic.
  • The Newmont Global Community Support Fund (the Fund) builds upon other local contributions and efforts the Company has implemented over the last month.
  • Newmont will partner with local governments, medical institutions, charities and non-governmental organizations to target funds towards addressing the greatest needs with a view to serving as a catalyst for long-term resiliency and future community development.
  • While this pandemic is still evolving, we will continue to support our employees as best we can so that they in turn can continue to support their communities.

Newmont Announces First Quarter 2020 Earnings Call

Monday, April 6, 2020 - 1:55pm

The first quarter 2020 results will be available before the market opens on Tuesday, May 5, 2020 on the Investor Relations section of the Companys website, www.newmont.com .

Key Points: 
  • The first quarter 2020 results will be available before the market opens on Tuesday, May 5, 2020 on the Investor Relations section of the Companys website, www.newmont.com .
  • Additionally, the conference call will be archived for a limited time on the Companys website.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.
  • Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices.

Following New Government Restrictions in Mexico, Newmont Safely Ramping Down Peñasquito Operations

Thursday, April 2, 2020 - 3:49am

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that following new, Coronavirus-related restrictions by the government of Mexico, the Company is taking steps towards a safe and orderly ramp down of operations at the Peasquito mine in the state of Zacatecas.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that following new, Coronavirus-related restrictions by the government of Mexico, the Company is taking steps towards a safe and orderly ramp down of operations at the Peasquito mine in the state of Zacatecas.
  • Peasquito will work closely with local governments, neighboring communities, employees, unions and contractors to ensure a safe and orderly ramp down that complies with the federal governments directives.
  • We will, of course, comply with Mexicos latest directive while engaging with the government to gain further clarity regarding important activities that may continue at the mine.
  • In the meantime, we will ensure Peasquito remains well-positioned to safely and efficiently ramp up operations in a timely manner once the governments directive is lifted.

Newmont Completes Sale of Red Lake and Realizes Cash Proceeds of $375 million

Tuesday, March 31, 2020 - 10:31pm

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its Red Lake complex in Ontario, Canada to Evolution Mining Limited (ASX: EVN) (Evolution) and received cash proceeds of $375 million with future contingent payments of up to an additional $100 million tied to new resource discoveries.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its Red Lake complex in Ontario, Canada to Evolution Mining Limited (ASX: EVN) (Evolution) and received cash proceeds of $375 million with future contingent payments of up to an additional $100 million tied to new resource discoveries.
  • We are pleased to complete the sale of Red Lake to a highly respected and responsible operator in Evolution.
  • Under terms of the $100 million contingent payment, Evolution will pay Newmont $20 million for each one million ounces of new gold resources added to the existing Red Lake resource base over a fifteen year period.
  • The contingent payment is applicable to the first five million ounces of new resources.