Newmont beats quarterly profit, production estimates on Newcrest assets boost
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner benefited from strong production and higher sales.
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Two workers dead at Newmont’s Cerro Negro mine in Argentina
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the Santa Cruz region of Argentina.
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Newmont’s Akyem gold mine in Ghana draws Chinese interest
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with knowledge of the matter said.
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Newmont misses profit estimates, Penasquito return underway
Mining News Pro - Newmont on Thursday missed Wall Street estimates for third-quarter profit as the world’s largest gold miner struggled with weak production stemming from a labor strike at its Mexico mine.
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Visit: 168
Newmont starts ramp-up at Peñasquito as strike ends
Mining News Pro - Newmont, the world’s largest gold producer, has begun resuming operations at its Peñaquito mine in Mexico, after reaching a definitive agreement with striking workers last week.
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Visit: 153
Newmont clears regulatory hurdle for Newcrest deal, awaits shareholder vote
Mining News Pro - Gold miner Newmont Corp said on Monday it has received a clearance from Australia’s Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia’s Newcrest Mining.
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Strike at Mexico gold mine costs Newmont $3.7 million a day
Mining News Pro - The operator of Mexico’s largest gold mine says it is losing millions of dollars a day on a strike that has dragged on for months.
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Visit: 172
Newmont gets Aussie regulatory nod for $16.8bn Newcrest deal
Mining News Pro - Gold miner Newmont Corp said on Monday it has received clearance from Australia’s competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining.
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Visit: 146
Newmont ‘reviewing’ Mexico investments as worker strike drags on
Mining News Pro - Newmont Corp., the world’s biggest gold miner, is reviewing its investments in Mexico with a workers’ strike at the country’s largest bullion mine now in its third month.
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Visit: 145
Newmont ‘reviewing’ Mexico investments as worker strike drags on
Mining News Pro - Newmont Corp., the world’s biggest gold miner, is reviewing its investments in Mexico with a workers’ strike at the country’s largest bullion mine now in its third month.
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Visit: 225
Newcrest drops after potential buyer Newmont’s weak second quarter
Mining News Pro - Shares of Australia’s top gold miner Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months after its potential buyer Newmont Corp overnight reported weaker-than-expected second quarter profit.
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Visit: 158
Newmont misses profit estimates on mining disruptions, higher costs
Mining News Pro - Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world’s largest gold miner down on Thursday.
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Visit: 122
Newmont declares force majeure on Peñasquito deliveries
Mining News Pro - Gold giant Newmont (NYSE: NEM) (TSX: NGT) has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, as a strike drags on.
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Visit: 174
Newcrest Mining accepts $19.2 billion Newmont takeover deal
Mining News Pro - Newcrest Mining Ltd. has agreed to a takeover deal with Newmont Corp. worth about A$28.8 billion ($19.2 billion) to create the world’s biggest gold producer.
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Visit: 165
Newmont’s quarterly profit beats estimates on higher prices
Mining News Pro - Newmont Corp posted first-quarter profit on Thursday that beat Wall Street expectations, as the world’s largest gold miner benefited from higher prices of the metal.
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Visit: 205
Hurdles loom for Newmont’s $19.6 billion bid for Newcrest
Mining News Pro - Newmont Corp’s A$29.4 billion ($19.6 billion) offer for Australia’s Newcrest Mining faces hurdles including winning approvals from shareholders and regulators, and the full backing of the target’s board, analysts said on Wednesday.
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Newmont sees ‘significant’ shareholder value in buyout of gold rival Newcrest
Mining News Pro - Gold miner Newmont Corp on Thursday said it believes a buyout of Newcrest Mining Ltd would create “significant value” for shareholders and that it is in talks with its Australian rival’s board of directors about closing a deal.
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Visit: 294
Newmont misses quarterly profit estimates
Mining News Pro - Newmont Corp on Thursday fell short of Wall Street estimates for fourth-quarter profit, as the world’s largest gold miner struggled with lower prices and increased costs.
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Visit: 222
Barrick eyes Nevada Gold Mines as Newmont ramps up deal pressure
Mining News Pro - Canada’s Barrick Gold Corp would be open to taking over Newmont’s stake in its Nevada Gold Mines joint venture, CEO Mark Bristow said on Wednesday, after Newmont’s $16.9 billion bid for Newcrest ramped up pressure on gold miners to do deals.
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Visit: 153
Newcrest rebuffs Newmont offer
Mining News Pro -Australia’s Newcrest Mining Ltd on Thursday rebuffed Newmont Corp’s $16.9 billion bid but left the door open for a better offer as it logged profit that surged past analyst expectations and paid out a special dividend.
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Mammoth gold miner in the making after Newmont’s $17bn bid for Newcrest
Mining News Pro - Newmont Mining, the world’s largest gold producer, is seeking to build a global gold superpower by approaching Australia’s no.1 miner of the yellow metal, Newcrest Mining (ASX, TSX: NCM), with a $17 billion takeover offer.
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Visit: 213
Glencore buys Newmont’s stake in Argentina copper-gold project
Mining News Pro - Mining and commodities giant Glencore is buying Newmont’s minority stake in the Argentinean MARA cooper-gold project, a joint venture created in 2020 between the two companies and Yamana Gold.
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Visit: 734
Newmont warns inflation to spike costs in 2023
Mining News Pro - Newmont Corp on Monday raised its annual cost forecast and warned that inflationary pressures would persist into 2023 after its second-quarter profit missed Street estimates, sending the world’s biggest gold miner’s shares down 12%.
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Visit: 484
Newmont hands $70 million to Peñasquito mine workers
Mining News Pro - Newmont, the world’s No. 1 gold miner, has reached a profit-sharing agreement with the workforce at its Peñasquito gold-silver mine in Mexico.
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Visit: 474
Gold’s floor price is getting higher, top producer Newmont says
Mining News Pro - The head of the biggest gold producer isn’t about to join bullion bugs in predicting a price rally. But Tom Palmer does see a higher floor forming under the market as years of stimulus devolve into a fight to contain inflation.
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Visit: 742