$NEM (Newmont Mining Corporation)

$NEM {{ '2016-04-21T14:54:32+0000' | timeago}} • Webcast

$NEM stated that higher volumes allowed it to deliver higher revenue despite slightly lower gold and copper prices. The company delivered strong 1Q16 adjusted EBITDA of $803MM essentially in line with 1Q15. $NEM also generated positive free cash flow of $227MM and maintained the dividend of $0.025 per quarter or $0.10 per year.

$NEM {{ '2017-11-03T14:59:21+0000' | timeago}} • Announcement

$NEM swung to profit in 3Q17, helped by higher gold production and lower income taxes. Net income was $206MM or $0.38 per share compared to a loss of $358MM or $0.67 per share in 3Q16. Net income from continuing operations rose 26% to $213MM or $0.39 per share. Revenue grew 5% to $1.9Bil and gold production was up 7% to 1.3MM ounces.

$NEM {{ '2017-10-30T18:15:51+0000' | timeago}} • Infographic

$NEM Newmont Mining Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$NEM {{ '2017-10-04T22:10:28+0000' | timeago}} • Announcement

$NEM's subsidiary, Newmont Suriname, completed its first full year of production at the Merian gold mine in the mid-eastern part of Suriname. During this period, Newmont Suriname reported generating $34MM in royalties to the government, paid direct wages of $12MM, and purchased $2.2MM in goods and services from local vendors and suppliers.

$NEM {{ '2017-07-19T20:55:03+0000' | timeago}} • Announcement

$NEM elected Sheri Hickok and Molly Zhang to its BoD. Hickok is currently General Manager, Global Product Development, Onshore Wind at $GE's Renewable Energy. Zhang currently serves as a director of Cooper Standard Automotive and XG Science as a supervisory board member at GEA Group in Germany.

$NEM {{ '2017-07-19T14:27:24+0000' | timeago}} • Announcement

The BoD of $NEM declared a quarterly dividend of $0.075 per share of common stock. The dividend is payable on Sept. 28, 2017, to shareholders of record at the close of business on Sept. 14, 2017.

$NEM {{ '2017-07-17T20:41:52+0000' | timeago}} • Announcement

$NEM retired $575MM of principal under its 1.625% convertible senior notes due July 15, 2017. Since 2013, $NEM has streamlined its balance sheet and reduced its gross debt by over 30% and its net debt by nearly 70%. The next tranche of debt due is $626MM of 5.125% senior notes due on Oct. 1, 2019.

$NEM {{ '2017-05-11T11:13:14+0000' | timeago}} • Announcement

$NEM entered an agreement to invest about $109MM for 19.9% ownership of Toronto-listed Continental Gold Inc., supporting near-term development of the high-grade Buriticá gold project in Colombia. The investment also covers three other exploration assets in the prospective gold district.

$NEM {{ '2017-04-25T15:46:11+0000' | timeago}} • Webcast

$NEM said the stripping at Boddington will increase throughout 2017 and that is going to have an impact on costs during the year. The company expects to see the impact of strip mining in 2H17 as strip ratio increases in 4Q17.

$NEM {{ '2017-04-24T21:15:35+0000' | timeago}} • Announcement

In 1Q17, $NEM produced 1.23MM ounces of gold, up 9% YoY, in line with guidance. Also, it reduced net debt to $1.7Bil, ending the quarter with $2.9Bil cash on hand.

$NEM {{ '2017-04-24T21:13:02+0000' | timeago}} • Announcement

$NEM improved FY17 guidance for gold production to 4.9-5.4MM ounces as production at Merian and Long Canyon offsets declines at Twin Creeks and Yanacocha. Africa guidance was also improved  following the inclusion of the Subika Underground and Mill Expansion projects. Production is expected between 725,000 and 785,000 ounces in 2017.

$NEM {{ '2017-04-24T21:04:45+0000' | timeago}} • Announcement

Mining company $NEM posted 13% growth in revenue to $1.7Bil in 1Q17,  primarily due to increased volumes and slightly higher pricing. However, net income attributable to Newmont stockholders fell to $46MM, or $0.09 per share, from $52MM, or $0.10 per share in 1Q16, hurt by higher gold costs. Excluding items, EPS was $0.25.

$NEM {{ '2017-04-19T21:45:03+0000' | timeago}} • Announcement

$NEM BoD declared a quarterly dividend of $0.05 per share of common stock. The quarterly dividend is payable on June 22, 2017 to stockholders of record on June 8, 2017.

$NEM {{ '2017-04-03T11:02:21+0000' | timeago}} • Announcement

$NEM appointed miner Alex Bates to lead its business in Australia. Bates has been serving as acting Regional SVP since mid-January.

$NEM {{ '2017-03-06T17:58:14+0000' | timeago}} • Announcement

$NEM agreed to access and explore a highly prospective gold district in Canada's Yukon Territory through a private placement with Goldstrike Resources. The agreement entitles $NEM to earn up to 80% equity in the Plateau property through exploration investment.

$NEM {{ '2017-02-22T15:34:41+0000' | timeago}} • Webcast

For 2017, $NEM expects gold production to increase to between 4.9MM and 5.4MM ounces as full year production at Merian and Long Canyon more than offsets lower production at Twin Creeks and Yanacocha. In addition, the company expects production in 2018 to decline slightly to between 4.6MM and 5.1MM ounces.

$NEM {{ '2017-02-22T15:33:29+0000' | timeago}} • Webcast

$NEM generated $1.1Bil through asset sales in 2016 and increased cash on hand to $2.8Bil. The company said its $6Bil of liquidity includes a $3Bil undrawn revolver and allows the company to invest in best growth options and to pursue opportunistic M&A.

$NEM {{ '2017-02-22T15:20:59+0000' | timeago}} • Webcast

In 2016, $NEM added 4.1MM ounces of gold reserves by the drill bit, with particularly strong results at Tanami and Merian. The company said it improved reserve grade by 13% through high-grade additions and the sale of PTNNT, which helped to partially offset depletion of 6MM ounces and divestment of 2.6MM ounces.

$NEM {{ '2017-02-21T22:23:11+0000' | timeago}} • Announcement

$NEM's revenue rose 23% to $1.79Bil in 4Q16, helped by higher gold sales and improved pricing. Gold production was up by 17% to 1.3MM ounces. For 2017, North American gold production is expected to increase to 2.0-2.2MM ounces, South America to rise to 630,000-690,000 ounces, while Australia production to remain stable at 1.5-1.7MM ounces.

$NEM {{ '2017-02-21T22:09:13+0000' | timeago}} • Announcement

$NEM, which sold its interest in PT Newmont Nusa Tenggara for $1.3Bil last year, reported a wider net loss in 4Q16 compared with the same period last year. Quarterly results were hurt by higher closure liability and impairment charges at Yanacocha mine. Net loss was $344MM or $0.65 per share versus net loss of $254MM or $0.50 per share a year ago.

$NEM {{ '2017-02-21T15:42:35+0000' | timeago}} • Announcement

$NEM appointed Dean Gehring to lead its South America business beginning on June 1, 2017. Gehring is succeeding Trent Tempel who is retiring after 33 years of distinguished service to the company. Gehring joins $NEM having most recently served as Head of Safety and Security for Rio Tinto's world-wide operations.

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