Core Viewpoint - Newmont has sold its stake in Orla Mining for $439 million as part of its divestiture program, aiming to streamline its portfolio and enhance cash flow [1][3]. Group 1: Divestiture Details - Newmont sold 43 million shares of Orla Mining at a price of $10.14 per share [1]. - The sale is part of a broader strategy to divest non-core assets and optimize its portfolio following the $17.14 billion acquisition of Newcrest [1][2]. Group 2: Financial Strategy - The company aims to unlock over $2 billion in cash through portfolio optimization, focusing on expanding Tier 1 assets [2]. - Newmont has been divesting several Canadian assets, including the Musselwhite Gold Mine, which was sold to Orla in an $850 million deal [2]. Group 3: Management Perspective - Newmont's CEO, Tom Palmer, stated that the stake sale is intended to streamline the equity portfolio and free up cash for capital allocation priorities [3].

Core Viewpoint - The gold miner has sold its 13% stake in Orla Mining, contributing to total equity sale proceeds of $900 million for the year [1] Group 1 - The sale of the 13% stake in Orla Mining is part of a larger strategy to liquidate equity holdings [1] - Total proceeds from equity sales this year have reached $900 million, indicating a significant divestment activity [1]

Core Viewpoint - Newmont has divested its entire stake in Orla Mining for $439 million as part of a broader strategy to streamline its portfolio and unlock cash resources [1][2][4]. Group 1: Newmont's Divestiture Strategy - Newmont sold 43 million shares of Orla at $10.14 per share through the Toronto Stock Exchange, contributing to its goal of raising over $2 billion through asset sales and workforce reductions [2][4]. - Following the sale, Newmont's shares increased by 3%, raising its market capitalization to $88.6 billion, while Orla's shares dropped by 7.8%, valuing the company at $3.32 billion [2]. - The divestiture program has included the sale of several Canadian assets, such as the Musselwhite gold mine for $850 million and the Coffee gold project for up to $150 million [3]. Group 2: Orla Mining's Position - Orla Mining operates two producing assets: the Camino Rojo oxide mine in Mexico and the Musselwhite mine, with a forecasted gold output of 265,000-285,000 ounces for the year [5]. - The recent stake sale by Agnico Eagle Mines, which sold its 11.3% stake in Orla for $560.5 million, indicates a trend of significant divestitures in the sector [4].

Core Viewpoint - Orla Mining's stock price dropped over 6% following Newmont Corporation's announcement of selling its entire stake in Orla Mining for a total of $439 million, which represents a significant divestment by Newmont [1] Group 1: Transaction Details - Newmont Corporation sold its entire holding of 43,245,294 shares in Orla Mining at a price of $10.14 per share, totaling $439 million (CAD 605 million) [1] - Prior to the sale, Newmont held a 13.3% stake in Orla Mining's issued and outstanding common shares [1] Group 2: Company Statements - Newmont's CEO, Tom Palmer, emphasized the importance of the relationship built with Orla since the initial investment, highlighting their involvement in the development of the Camino Rojo project and Orla's acquisition of Newmont's Musselwhite project earlier this year [1]

Core Viewpoint - Newmont Corporation has successfully completed the sale of 43 million common shares of Orla Mining Ltd, generating significant proceeds [1] Group 1: Transaction Details - Newmont disposed of 43 million common shares at a price of US$10.14 (C$14.00) per share [1] - The total gross proceeds from this transaction amounted to US$439 million (C$605 million) [1] Group 2: Company Commitment - The announcement reflects Newmont's ongoing commitment to its strategic initiatives and financial management [1]

Newmont Corporation (NYSE:NEM) is one of the stocks in focus in Jim Cramer’s latest lightning round. A caller asked about the near- and long-term outlook for the company, noting its recent performance and the impact of declining interest rates on gold’s attractiveness compared to other investments. Cramer replied: “Look, I think Newmont is excellent. I do prefer Agnico Eagle, but Newmont is absolutely fine. Those are the two, my two favorite golds.” Pixabay/Public Domain Newmont Corporation (NYSE:NEM) ...

Core Insights - Newmont Corporation (NEM) has agreed to sell its Coffee Project in Yukon, Canada, to Fuerte Metals Corporation for a total consideration of up to $150 million, expected to close in Q4 2025 [1][7] Transaction Details - The $150 million proceeds consist of $10 million in cash, 34 million shares valued at $40 million, and a 3% net smelter return (NSR) royalty on the Coffee Project, with Fuerte having the option to repurchase the NSR for up to $100 million [2][3] - Newmont will retain approximately 27% of Fuerte's issued shares, maintaining exposure to the project and will evaluate its investment periodically [4][7] Strategic Rationale - The sale aligns with Newmont's strategy to streamline its portfolio and focus on core operations, seeking buyers with shared values and environmental consciousness [3] - The transaction is part of a broader divestment plan, with Newmont aiming to divest six operations and two projects across Australia, Ghana, and North America [3] Market Performance - Over the past year, NEM's shares have increased by 51.9%, while the industry has seen a surge of 74.8% [4]

Core Viewpoint - K9 Gold Corp has entered into an Exploration Agreement and an Option to Purchase Agreement with Newmont USA Limited for the Trinity Silver Project, which encompasses approximately 14,523 acres in Nevada, indicating a strategic move to enhance its asset portfolio in a favorable mining jurisdiction [1][2]. Exploration Agreement - The Exploration Agreement grants K9 Gold the exclusive right to conduct exploration work on the properties owned and leased by Newmont [2]. - K9 is required to make initial payments of USD $50,000 and issue 100,000 common shares as rental payment for the first year, followed by a payment of USD $100,000 and 300,000 common shares for the second year [6]. Purchase and Sale Option - The Agreement stipulates that Newmont will sell all rights and interests in both owned and leased properties to K9, subject to TSX Venture Exchange approval [3]. - A one-time payment of USD $350,000 and the issuance of 700,000 common shares to Newmont are required as part of the purchase [6]. Project Overview - The Trinity Silver Project is located approximately 23 miles northwest of Lovelock, Nevada, and includes a historic open pit heap leach silver mining operation [5]. - Historical mining operations reported the extraction of 1,085,790 tons of silver oxide mineralization, yielding approximately 5 million ounces of silver at an average grade of 6.32 oz/ton [7]. Mineral Resource Estimates - The project has identified both oxide and sulphide mineralization, with inferred resources for oxide material estimated at 6,430,000 tons at a grade of 1.134 oz/ton, containing approximately 7,287,000 ounces of silver [8]. - For sulphide mineralization, inferred resources are estimated at 19,790,000 tons at a grade of 1.07 oz/ton, containing about 21,165,000 ounces of silver, along with lead and zinc byproducts [9]. Next Steps - The company plans to review all historical data and create an updated database for the project, incorporating artificial intelligence to analyze geological data and develop an updated deposit model [17]. - Fieldwork will include sampling of the historical stockpile and drilling to twin key historical drill holes, leading to an updated mineral resource estimate [18].

Group 1 - The company emphasizes the importance of safety systems and processes to ensure safe operations while focusing on productivity in lease operations [1] - The company operates 12 world-class assets and aims to optimize cost and productivity in these assets [1][2] - There is a recognition of the opportunity presented by high gold prices, but the company remains committed to controlling costs and maximizing the efficiency of deployed capital [3]

Core Viewpoint - Newmont Corporation's shares have surged 35.6% in the past three months, driven by rising gold prices and strong earnings performance, supported by operational efficiency and a robust Tier 1 portfolio [1][7]. Group 1: Stock Performance - NEM stock has outperformed the Zacks Mining – Gold industry's 29% rise and the S&P 500's increase of 11.4% [2]. - Among peers, Barrick Mining Corporation, Agnico Eagle Mines Limited, and Kinross Gold Corporation have seen stock increases of 36%, 24.1%, and 49%, respectively [2]. Group 2: Technical Indicators - Technical indicators show bullish momentum for NEM, with the stock trading above its 50-day and 200-day simple moving averages (SMA), indicating a long-term uptrend [5]. Group 3: Growth Projects and Strategic Focus - Newmont is investing in growth projects like the Ahafo North expansion in Ghana and the Cadia Panel Caves in Australia, aimed at expanding production capacity and extending mine life [10]. - The acquisition of Newcrest Mining Limited has created a leading portfolio with a multi-decade production profile, expected to deliver significant shareholder value and synergies of $500 million annually [11]. - Newmont has divested non-core businesses, completing a divestiture program that is expected to generate $3 billion in after-tax cash proceeds in 2025 [12]. Group 4: Financial Health - Newmont has a strong liquidity position with $10.2 billion in liquidity, including $6.2 billion in cash and cash equivalents, and a free cash flow of $1.7 billion, up 42% from the prior quarter [13]. - The company has returned approximately $2 billion to shareholders through dividends and share repurchases and reduced debt by $1.4 billion since the beginning of 2025 [13]. Group 5: Gold Price Dynamics - Gold prices have surged 40% this year, driven by geopolitical tensions and central bank purchases, with prices exceeding $3,600 per ton for the first time [16]. - Newmont stands to benefit from the strength in gold prices, which is expected to enhance profitability and cash flow generation [14]. Group 6: Cost Challenges - Newmont faces challenges from rising production costs, with costs applicable to sales and all-in-sustaining costs (AISC) increasing by around 6% and 2% year over year, respectively [18]. - The company anticipates AISC for its total portfolio to rise to $1,630 per ounce in 2025, up from $1,516 per ounce in 2024 [19]. Group 7: Earnings Estimates - Newmont's earnings estimates for 2025 have been revised upward, with the Zacks Consensus Estimate for 2025 earnings at $5.30, indicating a year-over-year growth of 52.3% [20]. Group 8: Valuation - Newmont is currently trading at a forward price/earnings ratio of 14.88X, which is a discount compared to the industry's average of 15.59X [21]. Group 9: Investment Outlook - Newmont presents an attractive investment case with a robust portfolio of growth projects and solid financial health, although higher production costs may impact margins [24].