Newmont Goldcorp

Newmont Successfully Sells Stake in Continental Gold for $260 Million in Cash

Retrieved on: 
Thursday, March 5, 2020
Mining, Minerals, Natural Resources, Newmont Goldcorp, Newmont Mining Corporation, Companies, Mining

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its 19.9 percent equity stake and convertible bond in Continental Gold Inc. (Continental) for $260 million in cash.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its 19.9 percent equity stake and convertible bond in Continental Gold Inc. (Continental) for $260 million in cash.
  • The sale was part of a contractual arrangement to support Zijin Mining Groups acquisition of Continental.
  • Newmont has the strongest and most sustainable portfolio of world-class operations, projects and exploration prospects in the gold sector.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.

Orosur Mining Inc. – Colombia update

Retrieved on: 
Thursday, March 5, 2020
Professional services, Natural Resources, Mining, Minerals, Finance, Newmont Goldcorp, Companies

Orosur Mining Inc. (Orosur or the Company) (TSX/AIM: OMI), a South American-focused gold developer and explorer, is pleased to announce that it has received a cash payment of US$500,000 from Newmont Colombia S.A.S.

Key Points: 
  • Orosur Mining Inc. (Orosur or the Company) (TSX/AIM: OMI), a South American-focused gold developer and explorer, is pleased to announce that it has received a cash payment of US$500,000 from Newmont Colombia S.A.S.
  • (Newmont), a wholly owned subsidiary of Newmont Corporation, in connection with maintaining its earn-in rights pursuant to the Exploration Agreement with Venture Option over the Anz project in Colombia (the Exploration Agreement).
  • In accordance with the Phase 1 earn-in right, Newmont has made three of four US$500,000 cash payments to Orosur and the fourth payment is 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 Announces Pricing of 2.250% Senior Notes Offering

Retrieved on: 
Wednesday, March 4, 2020
Mining, Minerals, Natural Resources, Economy, Finance, Money, Debt, Newmont Goldcorp, Credit, Senior debt, Subordinated debt, Subordination

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today the pricing of its public offering of $1 billion aggregate principal amount of 2.250% senior notes due 2030 (the Notes).

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today the pricing of its public offering of $1 billion aggregate principal amount of 2.250% senior notes due 2030 (the Notes).
  • The Notes will be senior unsecured obligations of the Company and will rank equally with the Companys existing and future unsecured senior debt and senior to the Companys future subordinated debt.
  • The Notes will be guaranteed on a senior unsecured basis by the Companys subsidiary Newmont USA Limited.
  • Such forward-looking statements may include, without limitation, statements regarding expected closing date for the offering and the use of proceeds from the offering.

Newmont Corporation Launches a Tender Offer, Up to the Applicable Maximum Principal Tender Amount, for its 3.500% Senior Notes due 2022, its 3.700% Notes due 2023 and Goldcorp’s 3.700% Notes due 2023

Retrieved on: 
Wednesday, March 4, 2020
Mining, Minerals, Natural Resources, Corporate finance, Newmont Goldcorp, Tender offer, Companies, Economy

Per $1,000 principal amount of the Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the applicable Tender Offer.

Key Points: 
  • Per $1,000 principal amount of the Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the applicable Tender Offer.
  • The applicable Maximum Principal Tender Amount limits the maximum aggregate principal amount of (i) the Newmont 2022 Notes to $500,000,000, (ii) the Newmont 2023 Notes to $400,000,000 and (iii) the Goldcorp 2023 Notes to $100,000,000, in each case, that may be purchased pursuant to the Tender Offers.
  • In addition, the Tender Offers are not conditioned on any minimum aggregate principal amount of Notes of a series being tendered.
  • King & Co., Inc. is acting as the information and tender agent in connection with the Tender Offers (the Information and Tender Agent).

Newmont Announces Proposed Offering of Senior Notes

Retrieved on: 
Wednesday, March 4, 2020
Mining, Minerals, Natural Resources, Finance, Companies, Newmont Goldcorp, Economy of New York City, Goldman Sachs, Security, Newmont Mining Corporation

Newmont Corporation (NYSE: NEM) (TSX: NGT) (Newmont or the Company) announced today its intention to offer, subject to market and other conditions, senior unsecured notes pursuant to the Companys shelf registration statement filed with the Securities and Exchange Commission.

Key Points: 
  • Newmont Corporation (NYSE: NEM) (TSX: NGT) (Newmont or the Company) announced today its intention to offer, subject to market and other conditions, senior unsecured notes pursuant to the Companys shelf registration statement filed with the Securities and Exchange Commission.
  • The notes will be guaranteed on a senior unsecured basis by the Companys subsidiary Newmont USA Limited.
  • BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC will act as joint book-running managers for the offering.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.

Newmont Files Early Warning Reports

Retrieved on: 
Wednesday, March 4, 2020
Mining, Minerals, Natural Resources, Corporate finance, Options, Warrant, Newmont Goldcorp, Douglas Mawson, Mawson, Financial economics, Corporations, Companies

If Newmont were to have exercised all of its Mawson Warrants, it would have held 27,000,000 Mawson Common Shares, representing approximately 13.45% of the issued and outstanding Mawson Common Shares (on a partially diluted basis).

Key Points: 
  • If Newmont were to have exercised all of its Mawson Warrants, it would have held 27,000,000 Mawson Common Shares, representing approximately 13.45% of the issued and outstanding Mawson Common Shares (on a partially diluted basis).
  • Upon the Mawson Expiration, Newmont holds 18,000,000 Mawson Common Shares, representing approximately 9.39% of the issued and outstanding Mawson Common Shares and 0% of the issued and outstanding Mawson Warrants.
  • Upon the Colorado Expiration, Newmont holds 23,796,717 Colorado Common Shares, representing approximately 12.63% of the issued and outstanding Colorado Common Shares and 0% of the issued and outstanding Colorado Warrants.
  • A copy of the early warning reports filed by Newmont in connection with the Mawson Expiration and Colorado Expiration are available on Mawsons and Colorados respective SEDAR profiles.

Rio Silver Inc. Completes Modelling of Niñobamba Silver Project, Peru

Retrieved on: 
Thursday, February 27, 2020
Newmont Goldcorp, Mineralization, Economic geology, Companies

The Niobamba Model only assessed the silver potential of the eastern most 1,500 m of an approximately 8,000 m long trend of anomalous precious metal mineralization.

Key Points: 
  • The Niobamba Model only assessed the silver potential of the eastern most 1,500 m of an approximately 8,000 m long trend of anomalous precious metal mineralization.
  • Randypata: central to the main mineralized trend at Niobamba, Newmont completed five drill holes at Randypata that require follow up exploration.
  • The Niobamba Model consisted of a desktop study of two mineralized trends (North and South) of the Niobamba Main Zone.
  • Since the model focus was the Niobamba Main Zone, it included only 18 of the drillholes and all 20 of the trenches.

Newmont to Present at BMO Global Metals & Mining Conference

Retrieved on: 
Friday, February 21, 2020
Mining, Minerals, Natural Resources, Newmont Goldcorp, Newmont Mining Corporation, Companies, Gold mining, Mining

Additionally, the replay will be archived for a limited time on the Companys website.

Key Points: 
  • Additionally, the replay 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.
  • 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.

Irving Resources Reports Closing of Non-Brokered Private Placement with Strategic Investor

Retrieved on: 
Thursday, February 20, 2020
Newmont Goldcorp, Japan Oil, Gas and Metals National Corporation, Irv, Companies

VANCOUVER, British Columbia, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (Irving or the Company) reports that the private placement with Newmont Corporation (Newmont) announced in the Companys news release of February 13, 2020 has closed.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Irving Resources Inc. (CSE:IRV) (Irving or the Company) reports that the private placement with Newmont Corporation (Newmont) announced in the Companys news release of February 13, 2020 has closed.
  • Gross proceeds of US$4,000,000 (approximately CDN$5,266,800) were raised through the issuance of 1,400,744 common shares of Irving.
  • The shares issued in this private placement are subject to a hold period in Canada expiring on June 20, 2020.
  • Irving also holds, through a subsidiary, a Project Venture Agreement with JOGMEC for joint regional exploration programs in Republic of Malawi.

Goldrea Provides Golden Triangle Cannonball Property Update

Retrieved on: 
Wednesday, February 19, 2020
Stikine Country, Geography of British Columbia, Iskut River, Iskut, Newmont Goldcorp, Snip

VANCOUVER, British Columbia, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Goldrea Resources Corp. (CSE:GOR, Frankfurt:GOJ, OTC-US;GORAF) (Goldrea or the Company) announces that the Companys consultants have provided an interpretation of the airborne geophysical survey and rock sampling program that was completed during 2018 on the Companys 1,508 hectare Cannonball Property (the Property) located on the north side of the Iskut River approximately 15 kilometers north east of the former Snip Mine in north western BC.s Golden Triangle.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Goldrea Resources Corp. (CSE:GOR, Frankfurt:GOJ, OTC-US;GORAF) (Goldrea or the Company) announces that the Companys consultants have provided an interpretation of the airborne geophysical survey and rock sampling program that was completed during 2018 on the Companys 1,508 hectare Cannonball Property (the Property) located on the north side of the Iskut River approximately 15 kilometers north east of the former Snip Mine in north western BC.s Golden Triangle.
  • Goldrea verified the historic results by sampling several of these occurrences in 2016 and collected an additional 10 samples in 2018.
  • Jim Elbert, Goldreas President and CEO, comments, The results of the 2018 airborne survey continue to demonstrate the strategic importance of the Companys Cannonball Property located between Crystal Lake Minings Newmont Lake Property to the north and Seabridge Resources Iskut Property (Quartz Rise porphyry copper gold target) to the south.
  • The Company does not undertake any obligation to update forward-looking statements except as required by law.