The latest trading session saw Newmont Corporation (NEM) ending at $42.72, denoting a -0.86% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 0.28%.Shares of the gold and copper miner witnessed a gain of 12.3% over the previous month, beating the performance of the Basic Materials sector with its gain of 4.34% and the S&P 500's gain of 2.87%.The upcoming earnings r ...

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM) between February 22, 2024 and October 23, 2024, both dates inclusive. You are hereby notified that the class action lawsuit James Karas v. Newmont Corporation, et al. (Case No. 1:25-cv-00341) has been commenced in the United States District Court for the District ...

Newmont Corporation (NEM) recently announced the divestment of its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to $425 million in consideration. With the completion of all the announced divestiture transactions, including this, Newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments.The expected proceeds of $425 million from the divestiture include cash consideration of $200 million, equity of $75 million in the form of Discovery ...

Transaction Overview - Discovery Silver Corp has entered into a definitive agreement to acquire 100% of Newmont's interest in the Porcupine Complex for a total consideration of $425 million [3] - The consideration includes $200 million in cash, $75 million in Discovery common shares, and $150 million in deferred cash payments starting in 2027 [4] - The acquisition is expected to establish Discovery as a growing Canadian gold producer with a large mineral resource base in a Tier 1 jurisdiction [7] Financing Details - Discovery has secured approximately $555 million in financing to fund the transaction and support operations, including $400 million from Franco-Nevada and $155 million from a public offering [5] - The public offering involves 250 million subscription receipts at C$0.90 each, with an over-allotment option for an additional 25 million receipts [33] - Franco-Nevada will provide $200 million in royalty financing, $100 million in repayable royalty financing, and $100 million in senior debt [32][37] Porcupine Complex Highlights - The Porcupine Complex is expected to produce an average of 285,000 ounces of gold annually over the next 10 years, with a total mine life of 22 years [13] - The complex includes the Hoyle Pond, Borden, and Pamour mines, with significant opportunities to increase production and reduce costs [20] - The base case NPV for the Porcupine Complex is $1.2 billion, with a sensitivity case NPV of $2.3 billion at higher gold prices [12][13] Strategic Benefits - The acquisition diversifies Discovery's portfolio, reducing risk and providing leverage to both gold and silver prices [9] - The transaction positions Discovery to build substantial financial strength through future production from the Porcupine Complex [13] - Discovery's management team brings extensive experience in the Timmins Camp, which is expected to maximize the value of the Porcupine Complex [13][25] Technical and Economic Analysis - The Porcupine Technical Report includes a preliminary economic assessment with inferred mineral resources that are considered speculative [2][17] - The report highlights opportunities to grow production, reduce costs, and extend mine life at the Porcupine Complex [20] - Significant exploration potential exists across the 140,000-hectare land position, with plans for extensive drilling [20] Shareholder and Stakeholder Benefits - The transaction is expected to create significant value for shareholders through future operating performance and exploration potential [9] - Discovery plans to invest in site restoration and rehabilitation, ensuring the community can safely use the sites in the future [8][25] - The acquisition establishes Discovery as a new North American precious metals producer with a strong pipeline for growth [25]

Newmont Corporation (NEM) ended the recent trading session at $41.68, demonstrating a -1.58% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.28%.The gold and copper miner's shares have seen an increase of 10.55% over the last month, surpassing the Basic Materials sector's gain of 2.33% and the S&P 500's gain of 2.08%.Market participants will be closely following the financial results ...

POLAND - 2024/12/06: In this photo illustration, the Newmont company logo is seen displayed on a ... [+] smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNewmont Corporation (NYSE: NEM), the world’s largest gold miner, has seen its stock underperform since September end, falling by 33% compared to the S&P 500 which is up 1.8%. Newmont’s stock price movement is aligned with that for its peers, including Freeport-McMoRan (NYS ...

Cash harvesting sounds more like farming than mining, but that’s the point reached by goldmining companies which are awash with cash after three years of high gold prices.Top of the cash harvesting list, according to investment bank Goldman Sachs, is the world’s biggest miner of the precious metal Newmont Corporation.Gold ingots. Photographer: Andrey Rudakov/BloomberggettyUntil recently most investor interest in goldminers has been as proxies for the gold price which has risen by 30% over the last 12-months ...

Newmont Corporation’s (NEM) shares have lost 26.7% in the past three months, underperforming the Zacks Mining – Gold industry’s 12.6% decline. The bearishness partly reflects its weaker-than-expected earnings performance in the third quarter and concerns over higher production costs. While NEM gained from an uptick in average realized gold prices and sales volumes, higher unit costs weighed on its third-quarter performance.Technical indicators show that NEM has been trading below the 50-day simple moving av ...

31.Dec.2023 - 31.Dec.2024228 ETFs Metal ETFs, Miners ETFs, Metal and Miners Hedged & Leveraged ETFsTotal Assets (AUM) ~ $330.7 B USD Toronto, Ontario--(Newsfile Corp. - January 8, 2025) - Total assets for the World's 228 Metal & Mining ETFs finished 2024 at USD $330.7 B. This is an increase of +13.1% from the 2023-year end close of USD $292.4 B. This growth in Metal & Mining ETF assets was driven principally by gains in Gold Metal ETFs which still make up more than ~70% of all Metal & Mining ETF assets wor ...

Last March, I wrote an article titled Newmont Stock: A 'Once-In-A-Generation' Buy, where I quoted Newmont (NYSE: NEM ) (TSX: NGT:CA ) CEO's statement at the time that the stock was:If you want access to our Portfolios that have crushed the market since inception and all our current Top Picks, join us for a 2-week free trial at High Yield Investor.We are the fastest growing high yield-seeking investment service on Seeking Alpha with a perfect 5/5 rating from 180 reviews.Our members are profiting from our hig ...