• NEM

Mexico's Newmont optimistic about talks on mining royalties hike

• NEM

Newmont revamps structure, cuts management roles

Newmont Corp. is restructuring its operations by merging units, dismissing executives, and focusing on cost efficiency following a disappointing earnings report amidst rising gold prices.

• NEM

Newmont lays off nearly a dozen managers, plans to merger businesses, Bloomberg News reports

Newmont has dismissed many managers and plans to restructure operations, merging units after its acquisition of Newcrest, impacting workforce and failing to meet profit expectations.

• NEM

Newmont shares up as J.P. Morgan upgrades to 'overweight'

J.P. Morgan upgraded Newmont Corporation to 'overweight', citing improved guidance, production targets, and asset sales, despite a minor reduction in the price target.

• GC
• NEM

Gold miner Newmont leaps on agreement to sell Musselwhite for up to $850 million

Newmont Goldcorp Corp sold its Musselwhite gold mine for $850 million to Orla Mining, boosting shares as part of a strategy to divest non-core assets.

• NEM

Earnings call: Newmont forecasts steady gold production amid cost management

Newmont Corporation's Q3 2024 earnings highlight solid production, cost management, and strategy amidst challenges like safety incidents and rising costs, with a focus on long-term shareholder value.

• NEM

Newmont shares drop 5% as Q3 results disappoint

Newmont Corporation's Q3 earnings missed expectations, leading to a 5.6% drop in shares. The company announced production guidance and dividend despite elevated costs.

• GOLD
• NEM

Newmont misses profit estimates on higher costs, weaker Nevada output

Newmont's Q3 results fell short of expectations due to higher costs and lower Nevada production, leading to a stock drop despite overall output increase and future production projections.

• NEM

Newmont sells Ghana gold mine for $1 bln

Newmont Corp sells Akyem gold mine to Zijin Mining Group for $900 million, part of asset divestiture strategy post-Newcrest acquisition, amidst rising gold prices.