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Newmont Announces Fourth Quarter 2023 Results and 2024 Guidance Conference Calls
Businesswire· 2024-01-19 12:30
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced that it will release its full year and fourth quarter 2023 operations and financial results, along with its 2024 guidance, on Thursday, February 22, 2024. Newmont will hold a conference call at 10:00 a.m. Eastern Standard Time (ET) and 4:00 p.m. ET, the same day, which will be available on the Company’s website. 10:00 a.m. ET Conference Call Details   Dial-In Number 833.470.1428 Intl Di ...
Newmont Corporation (NEM) Stock Slides as Market Rises: Facts to Know Before You Trade
Zacks Investment Research· 2024-01-09 00:34
Newmont Corporation (NEM) closed at $40.23 in the latest trading session, marking a -0.27% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.41%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 2.2%.The gold and copper miner's shares have seen an increase of 3.22% over the last month, not keeping up with the Basic Materials sector's gain of 5.33% and outstripping the S&P 500's gain of 2.9%.Analysts and investors al ...
Newmont Announces the Settlement of the Exchange Offers and Consent Solicitations
Businesswire· 2023-12-29 00:22
DENVER--(BUSINESS WIRE)--Newmont Corporation (Newmont or the Company) announced the settlement of the previously announced offers to exchange (the “Exchange Offers”) by Newmont and Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont (“Newcrest Finance” and, together with Newmont, the “Issuers”) for any and all of the (i) 3.250% Notes due 2030 issued by Newcrest Finance (the “Existing Newcrest 2030 Notes”) for up to an aggregate principal amount of $650.0 million new 3.250% Notes due 2030 issu ...
Newmont(NEM) - 2023 Q3 - Earnings Call Presentation
2023-10-27 03:25
Third Quarter 2023 Earnings CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING OCTOBER 26, 2023 THIRD QUARTER 2023 EARNINGS NEWMONT CORPORATION 1 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS, ...
Newmont(NEM) - 2023 Q3 - Earnings Call Transcript
2023-10-26 19:06
Newmont Corporation (NYSE:NEM) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Thomas Palmer - President, CEO & Director Robert Atkinson - EVP & COO Karyn Ovelmen - EVP & CFO Conference Call Participants Lawson Winder – Bank of America Merrill Lynch Daniel Morgan - Barrenjoey Joshua Wolfson - RBC Capital Markets John Tumazos - John Tumazos Very Independent Research Tanya Jakusconek - Scotiabank Anita Soni - CIBC Capital Markets Operator Good morning, and welcome to Newmont ...
Newmont(NEM) - 2023 Q3 - Quarterly Report
2023-10-25 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Dela ...
Newmont Corporation (NEM) Presents at 2023 Gold Forum Americas Brokers Conference (Transcript)
2023-09-20 18:36
Summary of Newmont Corporation's 2023 Gold Forum Americas Conference Company Overview - **Company**: Newmont Corporation (NYSE:NEM) - **Event**: 2023 Gold Forum Americas Conference - **Date**: September 19, 2023 - **Key Participants**: Tom Palmer (President, CEO), Jackie Przybylowski (BMO) Core Industry and Company Insights - **Industry**: Gold and Copper Mining - **Strategic Focus**: Newmont aims to retain its leadership in the gold industry while enhancing shareholder value through strategic acquisitions and operational efficiencies [2][5][26] Key Strategic Drivers 1. **Responsible Gold Leadership**: Emphasis on safety, sustainability, and strong relationships within the industry [3][7] 2. **Industry Consolidation**: Targeting opportunities that leverage Newmont's strengths and provide value to shareholders [4][5] 3. **Commodity Diversification**: Expanding into copper to complement gold production and meet future demand [4][5] Acquisition of Newcrest - **Rationale**: The acquisition is seen as a way to consolidate Tier 1 gold and copper assets, enhancing operational synergies and sustainability practices [5][9] - **Expected Synergies**: Anticipated annual synergies of $500 million from general and administrative costs, supply chain optimization, and operational efficiencies [9][21] - **Portfolio Strength**: The combined entity will have ten Tier 1 operations and a strong presence in key mining districts in Australia and Canada [9][26] Operational Excellence - **Full Potential Program**: A structured approach to operational improvement that has delivered significant value in past acquisitions, including Goldcorp [13][15] - **Performance Metrics**: At Boddington, throughput increased from 35 million to over 40 million tonnes per annum, with a 6% improvement in gold recovery [15] - **Future Plans**: Continued investment in existing operations, including expansions at Tanami and Ahafo, to enhance production capabilities [19][20] Financial Performance and Capital Allocation - **Shareholder Returns**: Newmont has returned $5.8 billion to shareholders since the Goldcorp acquisition, maintaining a dividend yield above 3% for 11 consecutive quarters [24][25] - **Capital Allocation Strategy**: Focus on maintaining a strong balance sheet, reinvesting in profitable projects, and returning excess cash to shareholders [24] Sustainability and Governance - **Commitment to Sustainability**: Newmont aims to set new sustainability standards in the industry, focusing on environmental stewardship and community engagement [11][26] - **Governance Structure**: Strong governance processes are in place to ensure accountability and transparency in operations [10] Conclusion - **Strategic Outlook**: Newmont is positioned to create long-term value through its acquisition of Newcrest, focusing on high-quality assets in low-risk jurisdictions and a disciplined approach to capital allocation [25][26] - **Future Engagement**: Plans to increase investor reach, particularly in Australia, as part of its growth strategy [26]
Newmont(NEM) - 2023 Q2 - Earnings Call Transcript
2023-07-20 16:21
Newmont Corporation (NYSE:NEM) Q2 2023 Earnings Conference Call July 20, 2023 11:00 AM ET Company Participants Tom Palmer - President & Chief Executive Officer Rob Atkinson - Chief Operating Officer Karyn Ovelmen - Chief Financial Officer Conference Call Participants Greg Barnes - TD Securities Anita Soni - CIBC Markets Mike Parkin - National Bank Tanya Jakusconek - Scotiabank Brian MacArthur - Raymond James Operator Good morning and welcome to Newmont's Second Quarter 2023 Earnings Call. All participants w ...
Newmont(NEM) - 2023 Q2 - Earnings Call Presentation
2023-07-20 15:12
Second Quarter 2023 Earnings CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING JULY 20, 2023 SECOND QUARTER 2023 EARNINGS NEWMONT CORPORATION 1 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS, INCLUDING OUTLOOK: This prese ...
Newmont(NEM) - 2023 Q2 - Quarterly Report
2023-07-19 16:00
For the transition period from__________to__________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Delaware ...