Newcrest Mining

Newmont Acquires Newcrest, Successfully Creating World’s Leading Gold Mining Business

Retrieved on:

Monday, November 6, 2023

Mining, Minerals, Natural Resources, ASX, Gold, NYSE, Generate, Copper, Goldcorp, Acquisition, Multimedia, NEM, Corporation, TSX, NGT, Fine chemical, Newcrest Mining, Newmont

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced it has completed the acquisition of Newcrest Mining Limited to create the world’s leading gold company with robust copper production.

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Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced it has completed the acquisition of Newcrest Mining Limited to create the world’s leading gold company with robust copper production.
This press release features multimedia.
View the full release here: https://www.businesswire.com/news/home/20231106048474/en/
“Today marks a historic milestone in our company and the industry with the successful completion of this transformational acquisition of Newcrest by Newmont,” said Tom Palmer, Newmont’s President and Chief Executive Officer.
This expanded portfolio will include operations with scale, margin, and mine life to generate robust and lasting returns for decades, while supporting best-in-class sustainability performance.

Newmont CEO’s Statement on Pending Acquisition of Newcrest Achieving Legal Effectiveness in Australia

Retrieved on:

Wednesday, October 18, 2023

This followed lodging of the orders of the Federal Court of Australia with the Australian Securities and Investments Commission after Newcrest’s shareholders voted in favor of the Scheme.

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This followed lodging of the orders of the Federal Court of Australia with the Australian Securities and Investments Commission after Newcrest’s shareholders voted in favor of the Scheme.
We appreciate Newcrest’s and Newmont’s shareholders’ vote of confidence in our value-focused strategy, proven operating model and seasoned management team.”
All regulatory, shareholder and legal approvals for the proposed acquisition of Newcrest by Newmont have been secured.
Newmont and Newcrest expect the transaction to close in early November.
On May 14, 2023, Newmont announced its definitive agreement to acquire Newcrest.

Imperial Reports Production Update for 2023 Third Quarter

Retrieved on:

Tuesday, October 17, 2023

TSX, Newcrest Mining, Mount, Gold, Copper, Feasibility study, Chicago Metallic Corporation, The Lady in Red (Chris de Burgh song), Imperial Metals, Printed circuit board, Mount Polley

VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.

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VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.
Imperial’s production for the third quarter was 12,182,493 pounds copper and 14,335 ounces gold, of which 8,056,570 pounds copper and 11,321 ounces gold were produced at Mount Polley and 4,125,923 pounds copper and 3,014 ounces gold from Imperial’s 30% share of Red Chris mine production.
Copper production for the quarter was up 9%, largely from increased production at Mount Polley while gold production was virtually the same compared to the previous quarter with increased production at Mount Polley offsetting lower gold production at Red Chris.
Red Chris copper and gold production (100%) for the quarter was 13,753,075 pounds copper and 10,048 ounces gold, compared to 13,729,195 pounds copper and 13,680 ounces gold in the previous quarter.

TNDC Secures Substantial Funding from BC Government for Year 2 of the Pioneering HEO Program

Retrieved on:

Wednesday, October 11, 2023

A key strategy to the success of the Tahltan HEO Program is supporting Tahltans in acquiring their Class 4, 5 and 7 drivers’ licences in Tahltan Territory.

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A key strategy to the success of the Tahltan HEO Program is supporting Tahltans in acquiring their Class 4, 5 and 7 drivers’ licences in Tahltan Territory.
Acquiring a driver’s licence is a significant barrier to employment in remote communities and is required to operate equipment.
“The inaugural year of our HEO program – February to June 2023 – has already had a profound impact on the lives of several Tahltans.
With the newly acquired funding, we are poised to extend the reach of the HEO Program, with new programs and new partners, and magnify its profound and lasting impact.

Newmont Shareholders Vote Overwhelmingly to Approve Acquisition of Newcrest

Retrieved on:

Wednesday, October 11, 2023

Mining, Minerals, Natural Resources, NYSE, TSX, Acquisition, NGT, Government, ASX, Tier, NCM, Corporation, Copper, NEM, Cryptocurrency, Newcrest Mining, Newmont

“Recognizing the strategic rationale to create the industry’s strongest portfolio of world class gold and copper assets, Newmont’s shareholders overwhelmingly voted in favor of this transformational transaction,” said Tom Palmer, Newmont’s President and Chief Executive Officer.

Key Points:

“Recognizing the strategic rationale to create the industry’s strongest portfolio of world class gold and copper assets, Newmont’s shareholders overwhelmingly voted in favor of this transformational transaction,” said Tom Palmer, Newmont’s President and Chief Executive Officer.
Newmont and Newcrest anticipate the transaction closing in early November, subject to the satisfaction of customary closing conditions.
On May 14, 2023, Newmont announced its definitive agreement to acquire Newcrest.
The combination would create a world-class portfolio of assets with the highest concentration of Tier 1 operations, primarily in favorable, low-risk mining jurisdictions.

Safety, Stability and Upside in Uncertain Times

Retrieved on:

Tuesday, October 10, 2023

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens. Historically, one of the safest places and most stable spaces during economic uncertainty is gold, a highly liquid asset that preserves and even increases in value over time and carries no credit risk. The precious metal benefits from multiple levers of demand such as gold jewelry, tech/industrial use and a reserve asset as well as a strategic investment. History has shown that gold's variable demand pressures enhance a portfolio by improving diversification, providing liquidity and delivering long-term returns. Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) (profile), have enjoyed significant growth during the recent volatility. Exploding past startup phase and achieving global growth in mere months, GEMXX is fast approaching a holy grail that differentiates GEMXX from all others in the gold space – a vertically integrated mining company – a unique mine-to-market enterprise that specializes in gold and gemstone mining as well as jewelry creation, production and global sales. GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution. Other larger mining companies may not have the unique vertical integration of GEMXX but are still seeing success in the precious metal sector including Agnico Eagle Mines Ltd. (NYSE: AEM), which recently reported record second-quarter numbers; Barrick Gold (NYSE: GOLD), which anticipates a second half of the year performance that surpasses its first; Newmont Mining (NYSE: NEM), which has received required approvals on a key acquisition announced earlier this year; and Franco-Nevada Corp. (NYSE: FNV), which has established a business model that provides investors with gold price and exploration optionality while limiting exposure to cost inflation.

Key Points:

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens.
Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) ( profile ), have enjoyed significant growth during the recent volatility.
GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution.
GEMXX stands out as a leading producer of high-quality finished ammolite jewelry and is the only publicly traded ammolite company in the world.

Safety, Stability and Upside in Uncertain Times

Retrieved on:

Tuesday, October 10, 2023

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens. Historically, one of the safest places and most stable spaces during economic uncertainty is gold, a highly liquid asset that preserves and even increases in value over time and carries no credit risk. The precious metal benefits from multiple levers of demand such as gold jewelry, tech/industrial use and a reserve asset as well as a strategic investment. History has shown that gold's variable demand pressures enhance a portfolio by improving diversification, providing liquidity and delivering long-term returns. Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) (profile), have enjoyed significant growth during the recent volatility. Exploding past startup phase and achieving global growth in mere months, GEMXX is fast approaching a holy grail that differentiates GEMXX from all others in the gold space – a vertically integrated mining company – a unique mine-to-market enterprise that specializes in gold and gemstone mining as well as jewelry creation, production and global sales. GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution. Other larger mining companies may not have the unique vertical integration of GEMXX but are still seeing success in the precious metal sector including Agnico Eagle Mines Ltd. (NYSE: AEM), which recently reported record second-quarter numbers; Barrick Gold (NYSE: GOLD), which anticipates a second half of the year performance that surpasses its first; Newmont Mining (NYSE: NEM), which has received required approvals on a key acquisition announced earlier this year; and Franco-Nevada Corp. (NYSE: FNV), which has established a business model that provides investors with gold price and exploration optionality while limiting exposure to cost inflation.

Key Points:

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- In volatile economic conditions, smart money seeks stability and moves to safe havens.
Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTCPK: GEMZ) ( profile ), have enjoyed significant growth during the recent volatility.
GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution.
GEMXX stands out as a leading producer of high-quality finished ammolite jewelry and is the only publicly traded ammolite company in the world.

Newmont Cleared by PNG’s Securities Commission to Proceed with Proposed Acquisition of Newcrest

Retrieved on:

Wednesday, October 4, 2023

Newmont Corporation (NYSE: NEM, TSX: NGT) announced that the Securities Commission of Papua New Guinea (SCPNG) has granted the necessary exemptions and other requested confirmations under PNG capital markets law to allow the Company to proceed with its proposed acquisition of Newcrest Mining Limited (ASX, TSX, PNGX: NCM).

Key Points:

Newmont Corporation (NYSE: NEM, TSX: NGT) announced that the Securities Commission of Papua New Guinea (SCPNG) has granted the necessary exemptions and other requested confirmations under PNG capital markets law to allow the Company to proceed with its proposed acquisition of Newcrest Mining Limited (ASX, TSX, PNGX: NCM).
Last week, the Philippine Competition Commission (PCC) also indicated its approval of the proposed transaction.
All of the government regulatory approvals necessary for the transaction to proceed have now been secured.
Newmont also plans to establish a secondary listing of Newmont stock depositary interests on the PNGX from closing of the transaction.

Newmont Assigned Stable A- Rating from Fitch

Retrieved on:

Tuesday, October 3, 2023

Mining, Minerals, Natural Resources, NGT, TSX, Copper, NEM, Corporation, Acquisition, NYSE, Newcrest Mining, Newmont, Fitch

Newmont Corporation (NYSE: NEM, TSX: NGT) today announced Fitch has assigned Newmont a first-time, long-term issuer default rating of A- with a stable outlook.

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Newmont Corporation (NYSE: NEM, TSX: NGT) today announced Fitch has assigned Newmont a first-time, long-term issuer default rating of A- with a stable outlook.
Fitch also assigned a rating of A- to Newmont’s senior unsecured debt.
These ratings reflect Newmont’s industry leadership, global scale and diversified operating position in low-risk jurisdictions to generate strong liquidity and modest leverage.
“The ratings from Fitch recognize Newmont’s ongoing financial strength and flexibility, which is supported by our proven strategy and industry leadership position,” said Tom Palmer, Newmont’s President and CEO.

Newmont Announces Executive Leadership Appointments

Retrieved on:

Sunday, October 1, 2023

Newmont Corporation (NYSE: NEM, TSX: NGT) today announced leadership appointments that will further strengthen its operating model to support safe and profitable operations of the expanded portfolio of assets and projects.

Key Points:

Newmont Corporation (NYSE: NEM, TSX: NGT) today announced leadership appointments that will further strengthen its operating model to support safe and profitable operations of the expanded portfolio of assets and projects.
As previously announced , Natascha Viljoen will be joining Newmont as Chief Operating Officer (COO) on October 2, 2023.
In addition to managing Newmont’s existing assets, she will oversee critical activities associated with incorporating Newcrest’s people and assets into Newmont, following the completion of the acquisition.
Newmont 's President and Chief Executive Officer, Tom Palmer, said:
“These new appointments will allow Newmont to safely and efficiently make decisions to deliver the integration of Newcrest and ensure long-term world-class leadership across the larger business.