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Newmont Ranked Top Miner in Newsweek's List of America's Most Responsible Companies
NEM | 6 hours ago
DENVER
Newmont (NYSE: NEM, TSX: NGT) (Newmont or the Company) was ranked the top mining company in Newsweek’s first-ever list of America’s Most Responsible Companies for 2020. Of the 300 businesses selected for inclusion in Newsweek’s index, Newmont placed 39th overall with a score of 79.6 out of 100.
“Robust financial performance and effective risk management require strong, transparent governance and the integration of sustainability into all aspects of our business,” said Tom Palmer, President and Chief Executive Officer. “Although we are honored by this recognition, we understand there is always opportunity for improvement, and we will continue driving our sustainability performance to higher levels.”
Newsweek partnered with global data research firm Statista Inc. to publish the ranking. Statista evaluated 2,000 public companies to identify America’s Most Responsible Companies based on publicly available key performance indicators (KPIs) derived from CSR Reports, Sustainability Reports, and Corporate Citizenship Reports as well as an independent survey. The KPIs focused on company performance in environmental, social, and corporate governance areas. The independent survey also asked 6,500 US Citizens about their perception of companies’ activities related to corporate social responsibility.
In September, Newmont was ranked as the top global gold mining company on the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year and in January was included in Bloomberg’s Gender Equality Index.
More information on Newmont’s safety, economic, environmental and social performance can be found in the company's annual sustainability report, Beyond the Mine. The report is published as part of Newmont’s ongoing obligations as a founding member of the International Council on Mining and Metals and in accordance with the company’s commitments under the United Nations Global Compact and the Voluntary Principles on Security and Human Rights.
About Newmont
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont was founded in 1921 and has been publicly traded since 1925.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20191205005271/en/
Media Contact
Omar Jabara
303-837-5114
omar.jabara@newmont.com
Investor Contact
Jessica Largent
303-837-5484
jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
December 5, 2019 - 5:15 AM PST
Tags:
GOLD INDUSTRIAL METALS & MINERALS
Read more at https://stockhouse.com/news/press-releases/2019/12/05/newmont-ranked-top-miner-in-newsweek-s-list-of-america-s-most-responsible#hD9TioLI14qp2eu6.99
Gold Miners Sign Record Deals Valued At Over $30 Billion This Year -
https://www.btimesonline.com/articles/122880/20191205/barrick-gold-randgold-china-gold-gold-miners-gold-price.htm
Major gold mining companies are set to extend a deal rally after sealing a record $30 billion worth of contracts this year, latest data show.
The deal spree marks the most valuable merger and acquisition binge since gold prices hit their highest peak almost 10 years ago.
Led by top producers Newmont Goldcorp Corp and Barrick Gold Corp, miners are bulking up to replace dwindling reserves and win back investors who, due to disappointing returns, have shunned the industry in recent years.
According to information from Refinitiv Eikon, this year there were 348 transactions valued more than $30.5 billion, including net debt.
That figure is up from last year's $10.8 billion, exceeding a previous $25.7 billion set in 2010, the data show. Gold topped $1,900 per ounce in 2011 and is trading around $1,484 at the moment after hitting a six-year high in September.
Cautious stance
The gold boom in 2011 prompted buyers to spend too much on acquisitions, leading to billions of impairments when prices collapsed in the years thereafter. This time, investors say they are more cautious about buyers.
The premiums associated with recent gold deals are well below those charged in the previous price bubble when the premiums were not rare at 40 percent to 50 percent.
In September, the gold investment group Paulson urged the smaller gold miners to seek zero-premium fusions to eliminate duplication and lower costs.
When it bought Africa's Randgold last year, Barrick paid no premium, while Newmont offered an 18 percent premium when it snapped Goldcorp to create the world's largest gold mining conglomerate.
More deals are likely among mid-tier miners, who are faced with pressure from activist investors to reduce costs and financial constraints, said Peter Grosskopf, chief executive officer of precious metals fund manager Sprott Inc.
Mergers galore
In a whirlwind of acquisitions this week, a $1.9 billion all-stock takeover offer for Africa-focused Centamin Plc was initiated by Canada's Endeavour Mining Corp.
A day ago, China's Zijin Mining Group Co Ltd signed an agreement to procure $1.3 billion in cash from Continental Gold Inc.
Kirkland Lake Gold Ltd. offered a buyout bid for Detour Gold for C$ 4.3 billion in November, while Saracen Mineral Holdings Ltd. took a major share at Barrick Gold in Australia's Super Pit gold mine.
"That pendulum has just begun to swing and it has much more to go," said Grosskopf, referring to more deals.
According to industry sources, among possible targets are Pretium Resources Inc, Pure Gold Mining Inc, Roxgold Inc, and Silvercrest Metals Inc.
Iamgold Inc, a Canadian producer, has also drawn attention from state-backed China Gold International Resources Corp Ltd.
Investment Industry Hall of Fame 2019 Inductee - Eric Sprott
Eric Sprott explains what investors are getting wrong about Kirkland's all-stock Detour Gold deal
'The more I reflect on Detour, I think we’re ‘stealing value’ — value that the market’s not seeing,' Sprott told the Financial Post
GABRIEL FRIEDMAN Updated: November 25, 2019
A Detour Gold mine in Cochrane, Ont. HANDOUT/TIMMINS DAILY PRESS FILES
Toronto-based Kirkland Lake Gold Ltd. on Monday announced a
multibillion dollar acquisition of Detour Gold Corp., a deal
that would elevate it into a major gold miner and
could attract new institutional investors.
The combination marries two near opposites:
Kirkland Lake operates two high grade underground mines
at some of the lowest cash costs in the sector,
whereas Detour operates a single, low grade bulk tonnage
open pit mine at comparatively higher costs.
https://calgaryherald.com/commodities/mining/eric-sprott-explains-what-investors-are-getting-wrong-about-kirklands-all-stock-detour-gold-deal/wcm/f9adea35-e43d-4398-b519-535342a012ac
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
wow! That's some repurchase.
Newmont to Repurchase up to $1 Billion of Stock
https://ih.advfn.com/stock-market/NYSE/newmont-goldcorp-NEM/stock-news/81261278/newmont-to-repurchase-up-to-1-billion-of-stock
Newmont Goldcorp (NYSE:NEM)
Intraday Stock Chart
Today : Tuesday 3 December 2019
Click Here for more Newmont Goldcorp Charts.
Newmont (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced its Board of Directors has unanimously approved the authorization of a stock repurchase program for up to $1 billion of common equity to be completed in the next 12 months.1 The program will be executed at the Company’s discretion, utilizing open market repurchases to occur from time-to-time throughout the authorization period.
The Company’s stock repurchase program aligns with its disciplined capital allocation priorities, which include returning cash to shareholders, investing in profitable growth and maintaining an investment grade credit profile. All shares repurchased will be retired, resulting in immediate accretion to shareholders by reducing total shares outstanding and improving per share financial performance.
Newmont has a strong track record of delivering continuous and sustainable improvements to its operations through superior operational execution and its Full Potential program, which has generated more than $2.5 billion of total value since 2013.2 Newmont has completed its Goldcorp integration process and is now positioned to realize over $500 million per annum in total cash flow improvements by 2021 from G&A and exploration synergies, supply chain efficiencies, and Full Potential cost and productivity improvements.
“Our share repurchase program reflects the confidence we have in our people, our operations and our balance sheet to deliver substantial value upside and returns for our shareholders,” said Tom Palmer, President and Chief Executive Officer. “Working closely with our Board of Directors, we determined that current market conditions, combined with $635 million of expected cash proceeds from the sales of Red Lake and our equity investment in Continental, create a compelling opportunity to initiate our $1 billion share buyback program over the next 12 months whilst we continue to return cash to shareholders through sustainable dividends.”
About Newmont
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, statements or expectations regarding future share repurchases, accretion to shareholders reduction of shares outstanding, improvements to financial performance metrics, balance sheet strength, integration effectiveness, value creation, cash flow improvements, G&A and exploration synergies, supply chain efficiencies, and Full Potential cost and productivity improvements, expected proceeds from the Red Lake sale, and shareholder value and returns. Such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the “forward-looking statements.” Estimates or expectations of future events are also based upon certain assumptions, which may prove to be incorrect. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including trading volume, market conditions, legal requirements, business conditions and other factors. As such, no guarantees can be made with respect to the impact of the authorized program. Additionally, receipt of proceeds from Red Lake assumes closing of the transaction, which remains pending and subject to satisfaction of certain conditions precedent. For a more detailed discussion of risks and other factors that might impact future looking statements or the Company’s future performance, see the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors”, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website or www.newmontgoldcorp.com, as well as the Company’s other SEC filings, including the most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
________________________________
1 In connection with this Board approval, the Company’s previously authorized and disclosed stock repurchase program for 2019 of up to $100 million of common stock was terminated and replaced by the above mentioned stock repurchase program, which expires upon December 31, 2020. Investors are reminded that the extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors. See cautionary statement above. The repurchase program may be discontinued at any time, and the program does not obligate the Company to acquire any specific number of shares of its common stock.
2 Full Potential value creation is considered an operating measure provided for illustrative purposes, and should not be considered GAAP or non-GAAP financial measures. Full Potential amounts are estimates utilized by management that represent estimated cumulative incremental value realized as a result of Full Potential projects implemented and are based upon both cost savings and efficiencies that have been monetized for purposes of the estimation. Because Full Potential improvement estimates reflect differences between certain actual costs incurred and management estimates of costs that would have been incurred in the absence of the Full Potential program, such estimates are necessarily imprecise and are based on numerous judgments and assumptions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191202005566/en/
Media Contact
Omar Jabara
303.837.5114
omar.jabara@newmont.com
Investor Contact
Jessica Largent
303.837.5484
jessica.largent@newmont.com
Newmont Commits to Sale of Stake in Continental Gold to Generate $260 Million in Cash Proceeds
December 02, 2019 08:50 AM Eastern Standard Time
DENVER--(BUSINESS WIRE)--
Newmont (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it has entered into a contractual arrangement to support Zijin Mining Group’s bid to acquire Continental Gold Inc. (Continental) by selling its 19.9 percent equity stake and its convertible bond for $260 million. With the announced sale of Red Lake for $375 million, the Company expects to realize $635 million in total cash proceeds when the transactions close in the first quarter 2020.
https://www.businesswire.com/news/home/20191202005545/en
“Newmont technical teams identified the potential of the deposit and have supported Continental as it advanced Buritica toward production”
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“Newmont technical teams identified the potential of the deposit and have supported Continental as it advanced Buritica toward production,” said Tom Palmer, Newmont Chief Executive Officer and President. “While we have valued our partnership with Continental, this is an appropriate time to sell into a strong bid and remain focused on operating our world-class portfolio of assets, optimizing our leading project pipeline and investing in growing Reserves and Resources.”
Newmont intends to use proceeds from the transaction to support the Company’s priorities to return capital to shareholders, invest in profitable projects and strengthen the balance sheet.
The proposed transaction involves Newmont tendering its 19.9 percent equity stake and selling its convertible bond, thereby exiting from its shareholding in and financing arrangements with Continental. The transaction, which is expected to close in the first quarter 2020, is subject to Continental shareholder approval and certain closing conditions.
About Newmont
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors provided for under such sections. Forward-looking statements used herein may include, without limitation, estimates and expectations regarding the completion of the Zijin Mining purchase, the tender of Newmont’s equity stake and sale of convertible bond, receipt of related proceeds from the Zijin Mining transaction and the pending Red Lake sale transaction, anticipated timing of closing and receipt of cash proceeds, anticipated use proceeds, future return capital to shareholders and investment in projects, future balance sheet strength, and delivery of the Company’s business plan. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the “forward-looking statements.” The Continental transaction remains subject to the successful progression of the Zijin Mining bid, including receipt of Continental shareholder approval for the related arrangement agreement, the receipt of certain regulatory, court and stock exchange approvals and other closing conditions. The closing of the Red Lake transaction remains contingent on the receipt of regulatory approvals and satisfaction of conditions precedent. As such, no guarantees can be made with respect to the closing of the transactions or receipt of related proceeds. Estimates or expectations of future events are based upon certain assumptions, which may prove to be incorrect. For a more detailed discussion of risks and other factors that might impact future looking statements, see the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors”, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website or www.newmontgoldcorp.com, as well as the Company’s other SEC filings, including the most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
Contacts
Media Contact
Omar Jabara 303.837.5114 omar.jabara@newmont.com
Investor Contact
Jessica Largent 303.837.5484 jessica.largent@newmont.com
NEWMONT
NYSE:NEM View stock quote and chart View SEC Filings
Release Summary
Newmont Commits to Sale of Stake in Continental Gold to Generate $260 Million in Cash Proceeds
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Contacts
Media Contact
Omar Jabara 303.837.5114 omar.jabara@newmont.com
Investor Contact
Jessica Largent 303.837.5484 jessica.largent@newmont.com
Newmont Goldcorp Successfully Reaches Agreement to Sell Red Lake -- $375 Million in Cash Plus Up To $100 Million in Contingent Payments
NEM | 8 hours ago
DENVER
Sale further optimizes world-class portfolio while improving financial flexibility
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) has continued to streamline its asset base by entering into a binding agreement to sell the Red Lake complex in Ontario, Canada to Evolution Mining Limited (Evolution). Upon closing of the transaction, expected in the first quarter of 2020, Newmont will receive $375 million in cash and contingent payments of up to an additional $100 million tied to new resource discoveries.
“This transaction both strengthens our balance sheet and provides ongoing exposure to new discoveries at Red Lake,” said Tom Palmer, President and Chief Executive Officer. “Evolution is a highly respected and responsible gold producer who is committed to the success of Red Lake and who we believe will prove a great partner for surrounding communities and stakeholders.”
Under terms of the $100 million contingent payment, Evolution will pay Newmont $20 million for each one million ounces of new gold resources added to the existing Red Lake resource base over a fifteen year period. The contingent payment is applicable to the first five million ounces of new resources.
Newmont intends to use proceeds from the transaction to support the Company’s capital allocation priorities of returning cash to shareholders, maintaining an investment-grade balance sheet, and investing in a world-class portfolio.
Evolution Mining is a leading, growth-focused Australian gold producer. Evolution operates five wholly-owned mines – Cowal in New South Wales, Cracow, Mt Carlton and Mt Rawdon in Queensland, and Mungari in Western Australia.
Newmont has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain gold production over a decades-long time horizon.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Legal Disclaimer and Cautionary Statement
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors provided for under such sections. Forward-looking statements may be accompanied by terminology such as “will,” “expect,” “intend,” or comparable terminology. Forward-looking statements used herein may include, without limitation, estimates and expectations regarding the completion of the Red Lake sale transaction, timing of closing, receipt of related cash and contingent consideration, future success and performance of Red Lake, future balance sheet strength of the Company maintenance of an investment-grade balance sheet, anticipated use of proceeds, return of cash to shareholders, future project profitability and long-term gold production. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the “forward-looking statements.” For example, the closing of the transaction remains contingent on the receipt of regulatory approvals and satisfaction of other conditions precedent, and the timing and amount of contingent payment will also remain subject to risks and uncertainties, including whether new gold resources are added to the existing Red Lake resource base during the covered period. As such, no guarantees can be made with respect to future performance or the closing of the contemplated transaction. Estimates or expectations of future events or the Company’s future results are also based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of current mineral reserve and mineralized material estimates; and (viii) other planning assumptions. For a more detailed discussion of risks and other factors that might impact future looking statements, see the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors”, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website or www.newmontgoldcorp.com, as well as the Company’s other SEC filings, including the most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20191125005807/en/
Media Contact
Omar Jabara
303.837.5114
omar.jabara@newmont.com
Investor Contact
Jessica Largent
303.837.5484
jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
November 25, 2019 - 1:38 PM PST
Tags:
GOLD INDUSTRIAL METALS & MINERALS
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Read more at https://stockhouse.com/news/press-releases/2019/11/25/newmont-goldcorp-successfully-reaches-agreement-to-sell-red-lake--375-million#euqV6oCFjXm4Kef1.99
Not many. No info for a long time although it has been moving in a channel for a number of months. The CEO has some good connections but he is a con artist. Maybe he will do something when MJ legislation firms up giving the FDA a green light. Screwball demoRats cannot multitask . Impeachment mania sucked out all their brains.
Newmont Goldcorp Looks Forward to Partnership with Saracen at KCGM in Australia
NEM |
KCGM remains core asset for Newmont in favorable jurisdiction
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) said it looks forward to a long and productive partnership with Saracen Mineral Holdings Ltd. (Saracen) at Kalgoorlie Consolidated Gold Mines (KCGM) in Australia. Earlier today, Saracen announced an agreement to purchase Barrick Gold Corporation’s 50 percent stake in KCGM. Newmont Goldcorp will remain the operator of KCGM and continue to manage the mine according to its leading policies and standards.
“We congratulate Saracen on its agreement to purchase Barrick’s stake in KCGM and we look forward to partnering with them to continue delivering value at this world-class asset, safely and efficiently,” said Tom Palmer, President and Chief Executive Officer. “KCGM and the Golden Mile offer ongoing growth and value generating opportunities in Australia, which remains a core operating region for Newmont.”
Located in Kalgoorlie-Boulder in Western Australia, KCGM directly employs approximately 1,250 people and produced 636,000 ounces of gold in 2018. Operations began at KCGM in 1989 and the mine has produced 21 million ounces of gold over the last three decades.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
image: https://cts.businesswire.com/ct/CT?id=bwnews&sty=20191118005448r1&sid=ntxv4&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20191118005448/en/
Media Contact
Omar Jabara
303.837.5114
omar.jabara@newmont.com
Investor Contact
Jessica Largent
303.837.5484
jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
November 18, 2019 - 5:07 AM PST
Tags:
GOLD INDUSTRIAL METALS & MINERALS
Read more at https://stockhouse.com/news/press-releases/2019/11/18/newmont-goldcorp-looks-forward-to-partnership-with-saracen-at-kcgm-in-australia#Id3IvVXmQJ0bEXs1.99
Newmont Goldcorp Looks Forward to Partnership with Saracen at KCGM in Australia
DENVER
KCGM remains core asset for Newmont in favorable jurisdiction
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or
the Company) said it looks forward to a long and productive partnership
with Saracen Mineral Holdings Ltd. (Saracen) at Kalgoorlie Consolidated
Gold Mines (KCGM) in Australia.
Earlier today, Saracen announced an agreement to purchase Barrick Gold
Corporation’s 50 percent stake in KCGM.
Newmont Goldcorp will remain
the operator of KCGM and continue to manage the mine
according to its
leading policies and standards.
“We congratulate Saracen on its agreement to purchase Barrick’s stake in
KCGM and we look forward to partnering with them to continue delivering
value at this world-class asset, safely and efficiently,” said Tom
Palmer, President and Chief Executive Officer.
“KCGM and the Golden Mile offer ongoing growth and value generating
opportunities in Australia, which remains a core operating region for
Newmont.”
Located in Kalgoorlie-Boulder in Western Australia, KCGM directly employs approximately 1,250 people and produced 636,000 ounces of gold in 2018. Operations began at KCGM in 1989 and the mine has produced 21 million ounces of gold over the last three decades.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191118005448/en/
Media Contact
Omar Jabara
303.837.5114
omar.jabara@newmont.com
Investor Contact
Jessica Largent
303.837.5484
jessica.largent@newmont.com
good listen with Eric. I am bullish on Silver especially.
Eric Sprott Gold Futures Fall: Not Gold $16,000 and Silver $700 Prices !
The South Arturo Mine is a joint venture between Premier and
Nevada Gold Mines LLC, a joint venture between
Newmont-Goldcorp and Barrick Gold Exploration Inc.
("Barrick") operated by Barrick -
Mine at Gold Producer's JV Project in Nevada Commercially Producing
Streetwise Reports
Observations from a recent site visit there are provided in a BMO
Capital Markets report.
1.jpg
In an Oct. 22 research note, BMO Capital Markets analyst Andrew
Mikitchook reported the main takeaways from a site visit to
Premier Gold Mines Ltd.'s (PG:TSX) South Arturo joint venture project
with Nevada Gold Mines.
The primary highlight, Mikitchook indicated, is that
the El Niño mine at South Arturo in Nevada is now in
commercial production, which began in September.
Further, mine output could reach 30,000 ounces in 2019, which would
surpass the previous expectation of 21,000 ounces.
Of note as well, the analyst wrote, is that "El Niño has
extra capacity to mine existing reserves faster or to extend
the mine plan to depth toward additional resources and
new exploration intercepts."
In addition, the potential exists via exploration to expand the
mineralization not only at El Niño but also at
Phase 3 and East Dee.
As for work in progress at the South Arturo property, noted
Mikitchook, testing by five autonomous trucks at
Phase 1's prestrip is scheduled to be completed by year-end 2019.
Also, the joint venture is constructing and evaluating an
oxide heap leach at Phase 1
as a standalone development at South Arturo or
for processing at the North Area.
Further, geological and metallurgical studies are being conducted on
Phase 3 to inform the decision on whether or not to add
the Phase 3 pit to the reserves and mine plan.
BMO has an Outperform rating and a CA$4.75 per share target price on
Premier Gold.
The stock is currently trading at around CA$1.95 per share.
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Disclosures from BMO Capital Markets, Premier Gold, October 22, 2019
IMPORTANT DISCLOSURES
Analyst's Certification
I, Andrew Mikitchook, hereby certify that the views expressed in this report accurately reflect my personal views about the subject securities or issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.
Analysts who prepared this report are compensated based upon (among other factors) the overall profitability of BMO Capital Markets and their affiliates, which includes the overall profitability of investment banking services. Compensation for research is based on effectiveness in generating new ideas and in communication of ideas to clients, performance of recommendations, accuracy of earnings estimates, and service to clients.
Disclosure 16: A research analyst has extensively viewed the material operations of Premier Gold.
Disclosure 17: Premier Gold has paid or reimbursed some or all of the research analyst's travel expenses.
For Important Disclosures on the stocks discussed in this report, please click here.
Tags: INDUSTRIAL METALS & MINERALS
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Read more at https://stockhouse.com/opinion/independent-reports/2019/10/29/mine-gold-producer-s-jv-project-nevada-commercially-producing#jy7QOJk6H9QGwoSf.99
Newmont Goldcorp's Quecher Main Project in Peru Achieves Commercial Production
NEM |
DENVER
Four profitable projects delivered on four continents in 2019
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today announced that the Quecher Main project at Yanacocha in Peru achieved commercial production safely, ahead of schedule and under budget. The full project, including future leach pad expansions, is expected to be completed for approximately $275 million of development capital which is below the Company’s initial estimate (on a 100 percent basis).i
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191031005810/en/
Newmont Goldcorp: Quecher Main's leach pad and associated facilities. (Photo: Business Wire)
Newmont Goldcorp: Quecher Main's leach pad and associated facilities. (Photo: Business Wire)
Quecher Main extends the life of the Yanacocha operation to 2027, contributing average annual gold production of approximately 200,000 ounces from 2020 through 2024 at all-in sustaining costsii between $900 and $1,000. The project is expected to generate an internal rate of return of approximately 15 percent at a $1,200 gold price.
“Quecher Main is the fourth profitable project we’ve brought into operation on four different continents this year, on schedule and within budget,” said Tom Palmer, President and Chief Executive Officer. “The project takes advantage of Yanacocha’s existing infrastructure to add profitable production from remaining oxide ores while also serving as a bridge to future growth opportunities, including Yanacocha’s extensive sulfide deposits.”
The project included development of the Quecher Main pit, two smaller oxide deposits and a heap leach pad.
Yanacocha began commercial production in 1993 and has since
produced more than 38 million ounces of gold from open pit
oxide and transitional ores processed at
Yanacocha’s gold mill and leach pad. The operation is a joint venture
between Newmont Goldcorp (51.35%), Minas Buenaventura (43.65%) and
Sumitomo Corporation (5%).
Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of future average annual production, long-term production estimates, all-in sustaining costs and cost applicable to sales estimates and improvements, internal rate of return, extension of mine life, efficiency improvements, future growth opportunities and other statements relating to future performance and operations. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by the “forward-looking statements.” Risks relating to forward looking statements in regard to the Company’s business and future performance may include, but are not limited to, gold price volatility, currency fluctuations, increased production costs, variances in ore grade or recovery rates from those assumed in mining plans and other operational risks, geotechnical, metallurgical and hydrological risks, political and community relations risk, and changes in governmental regulation and requirements. For a more detailed discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
i The Quecher Main project has incurred development capital costs of approximately $185 million through October 31, 2019, and will complete Phase 3 and 4 of the leach pad expansion over the next 3 years with a remaining capital investment of approximately $90 million.
ii All-in sustaining costs or AISC is a non-GAAP metric defined as the sum of costs applicable to sales (CAS) (including all direct and indirect costs related to current gold production incurred to execute on the current mine plan), remediation costs (including operating accretion and amortization of asset retirement costs), G&A, exploration expense, advanced projects and R&D, treatment and refining costs, other expense, net of one-time adjustments and sustaining capital. During the same period, incremental CAS is expected to be between $750 and $850 per ounce. Expected CAS and AISC are forward-looking statements, see the cautionary statement above. While a reconciliation to the most directly comparable GAAP measure has been provided for 2019 AISC Outlook on a consolidated basis and is available in the Company’s most recent earnings release available at https://www.newmontgoldcorp.com/newsroom/, a reconciliation has not been provided on an individual project basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K.
Newmont Goldcorp to Add Profitable Gold Production through Second Expansion at Tanami in Australia
NEM | 1 hour ago
DENVER
Australia remains favorable mining jurisdiction with upside potential
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) announced today that its Board of Directors unanimously approved advancing the Tanami Expansion 2 project into the execution phase. The project is expected to exceed the Company’s required internal rate of return with profitable production and mine life extending beyond 2040.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191025005125/en/
image:
Newmont Goldcorp geology team members at Tanami in Australia. (Photo: Business Wire)
“The approval of our second expansion project at Tanami in Australia will further improve costs and extend the life of this world class mine in a core Newmont Goldcorp jurisdiction,” said Tom Palmer, President and Chief Executive Officer. “Building on the success of the first expansion completed in 2017, Tanami Expansion 2 will provide a platform to further explore the area’s prolific mineral endowment and potentially extend the operation’s mine life beyond 2040. The Tanami district and Australia as a whole continue to offer significant value generating opportunities for our shareholders.”
The Tanami expansion project is anchored on the expansive Auron deposit, which was discovered in 2008, and is located stratigraphically beneath the original Callie orebody and, more recently, the follow up discoveries of Federation and Liberator. Tanami’s prolific orebodies are hosted by reactive stratigraphic units where high-grade gold mineralization is found at intersections with structural corridors. These predictable geologic features, combined with recent drilling results, provide a high degree of confidence in their continuity at depth.
The expansion includes construction of a 1,460 meter shaft, additional capacity in the processing plant, and supporting infrastructure to enable profitable recovery of ore at depth to 2,140 meters below surface. Additional information on the project will be provided with the Company’s long-term outlook in early December.
The advancement of Tanami Expansion 2 into the execution phase represents a new and significant milestone for the operation. Since mining commenced in 1986, Tanami has produced more than 10 million ounces of gold and, in 2018, the operation achieved record production of 505,000 ounces. Tanami is located 590 miles southwest of Darwin and 350 miles northwest of Alice Springs in Australia’s Northern Territory.
Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of internal rate of return, extension of mine life, project advancement and execution, geological continuity and mineral prospectively and endowment, growth potential, future cost and production impacts and other statements relating to future performance. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by the “forward-looking statements.” Risks relating to forward looking statements in regard to the Company’s business and future performance may include, but are not limited to, gold price volatility, currency fluctuations, increased production costs, variances in ore grade or recovery rates from those assumed in mining plans, variation in legal and economic feasibility of extraction, other operational risks, geotechnical, metallurgical and hydrological risks, political and community relations risk, and changes in governmental regulation and requirements. For a more detailed discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. Investors are cautioned that drill results are not necessarily indicative of future reserves or production and should not rely upon expectations of prospective mineralization. For information regarding the Company’s reserves, see the Proven and Probable reserve tables prepared in compliance with the SEC’s Industry Guide 7 contained in the Annual Report on Form 8-K. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
image: https://cts.businesswire.com/ct/CT?id=bwnews&sty=20191025005125r1&sid=ntxv4&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20191025005125/en/
Media Contact
Omar Jabara 303.837.5114 omar.jabara@newmont.com
Investor Contact
Jessica Largent 303.837.5484 jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
October 25, 2019 - 6:15 AM PDT
Tags: GOLD INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/10/25/newmont-goldcorp-to-add-profitable-gold-production-through-second-expansion-at#xqmzd76Au8ugi6X3.99
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
View source version on businesswire.com: https://www.businesswire.com/news/home/20191031005810/en/
Media Contact
Omar Jabara, 303.837.5114, omar.jabara@newmont.com
Investor Contact
Jessica Largent, 303.837.5484, jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
October 31, 2019 - 10:44 AM PDT
Tags: GOLD INDUSTRIAL METALS & MINERALS
a good 'honest' brokerage remembers BRE-X a couple of decades ago--would not let me short bre-x for reasons unknown--they made billions at the collapse
anyway here is the result----- John Felderhof, the only executive ever prosecuted in the Bre-X Minerals Ltd. gold hoax of the 1990s, has died in the Philippines at 79 years old, according to his Toronto lawyer.
The South Arturo Mine is a joint venture between Premier and
Nevada Gold Mines LLC, a joint venture between
Newmont-Goldcorp and Barrick Gold Exploration Inc.
("Barrick") operated by Barrick -
Premier Provides South Arturo Mine Update - Declares Commercial Production
Canada NewsWire
THUNDER BAY, ON, Oct. 28, 2019
Drilling Intersects 112.8 m of 7.29 g/t Au at Phase 3 and 24.4 m of 20.60 g/t Au at El Niño
THUNDER BAY, ON, Oct. 28, 2019 /CNW/ -
PREMIER GOLD MINES LIMITED (TSX: PG) (OTCPK: PIRGF) ("Premier",
"the Company") is pleased to announce commercial production has been
achieved, ahead of schedule, at the El Niño underground mine, the
Company's 40%-owned South Arturo Property located in the Carlin Trend of
Nevada.
Also, new definition and step-out drilling results from the ongoing
2019 campaign are showing better outcomes than projected.
Initial production supports this and emphasizes the continued
opportunity to expand high-grade mineralization on the property.
The South Arturo Mine is a joint venture between Premier and
Nevada Gold Mines LLC, a joint venture between
Newmont-Goldcorp and Barrick Gold Exploration Inc.
("Barrick") operated by Barrick.
Highlight intercepts include:
https://web.tmxmoney.com/article.php?newsid=4635557330281273&qm_symbol=PG
Gold sector is on major buy signal -
GLD is on short-term buy signal -
GDX is on short-term buy signal -
GDXJ is on short-term buy signal -
Analysis
$GOLD a technical bullish cup signal -
Between gold and gold stocks has a text book perfect buy signal -
$HUI breakout start from the multi-week consolidation -
If the current situation results in a similar fashion as 2016 -
looking at a 30 to 40% rally in coming weeks - *~<)
Summary
Long-term – on major buy signal -
Short-term – on mixed signals -
Gold sector cycle is down, a multi week consolidation/correction
is in progress but may have ended this week -
Traders holding a core position for the long-term, and will become more
bullish invested upon the cycle turning UP -
IMO!
Eric Sprott is a precious metals billionaire and mentions the potential
in silvers price to boom as well as explaining why! Link to the ...
Newmont Goldcorp to Add Profitable Gold Production through Second Expansion at Tanami in Australia
NEM | 1 hour ago
DENVER
Australia remains favorable mining jurisdiction with upside potential
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) announced today that its Board of Directors unanimously approved advancing the Tanami Expansion 2 project into the execution phase. The project is expected to exceed the Company’s required internal rate of return with profitable production and mine life extending beyond 2040.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191025005125/en/
image:
Newmont Goldcorp geology team members at Tanami in Australia. (Photo: Business Wire)
“The approval of our second expansion project at Tanami in Australia will further improve costs and extend the life of this world class mine in a core Newmont Goldcorp jurisdiction,” said Tom Palmer, President and Chief Executive Officer. “Building on the success of the first expansion completed in 2017, Tanami Expansion 2 will provide a platform to further explore the area’s prolific mineral endowment and potentially extend the operation’s mine life beyond 2040. The Tanami district and Australia as a whole continue to offer significant value generating opportunities for our shareholders.”
The Tanami expansion project is anchored on the expansive Auron deposit, which was discovered in 2008, and is located stratigraphically beneath the original Callie orebody and, more recently, the follow up discoveries of Federation and Liberator. Tanami’s prolific orebodies are hosted by reactive stratigraphic units where high-grade gold mineralization is found at intersections with structural corridors. These predictable geologic features, combined with recent drilling results, provide a high degree of confidence in their continuity at depth.
The expansion includes construction of a 1,460 meter shaft, additional capacity in the processing plant, and supporting infrastructure to enable profitable recovery of ore at depth to 2,140 meters below surface. Additional information on the project will be provided with the Company’s long-term outlook in early December.
The advancement of Tanami Expansion 2 into the execution phase represents a new and significant milestone for the operation. Since mining commenced in 1986, Tanami has produced more than 10 million ounces of gold and, in 2018, the operation achieved record production of 505,000 ounces. Tanami is located 590 miles southwest of Darwin and 350 miles northwest of Alice Springs in Australia’s Northern Territory.
Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of internal rate of return, extension of mine life, project advancement and execution, geological continuity and mineral prospectively and endowment, growth potential, future cost and production impacts and other statements relating to future performance. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by the “forward-looking statements.” Risks relating to forward looking statements in regard to the Company’s business and future performance may include, but are not limited to, gold price volatility, currency fluctuations, increased production costs, variances in ore grade or recovery rates from those assumed in mining plans, variation in legal and economic feasibility of extraction, other operational risks, geotechnical, metallurgical and hydrological risks, political and community relations risk, and changes in governmental regulation and requirements. For a more detailed discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. Investors are cautioned that drill results are not necessarily indicative of future reserves or production and should not rely upon expectations of prospective mineralization. For information regarding the Company’s reserves, see the Proven and Probable reserve tables prepared in compliance with the SEC’s Industry Guide 7 contained in the Annual Report on Form 8-K. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own risk.
image: https://cts.businesswire.com/ct/CT?id=bwnews&sty=20191025005125r1&sid=ntxv4&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20191025005125/en/
Media Contact
Omar Jabara 303.837.5114 omar.jabara@newmont.com
Investor Contact
Jessica Largent 303.837.5484 jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
October 25, 2019 - 6:15 AM PDT
Tags: GOLD INDUSTRIAL METALS & MINERALS
Read more at
https://stockhouse.com/news/press-releases/2019/10/25/newmont-goldcorp-to-add-profitable-gold-production-through-second-expansion-at#xqmzd76Au8ugi6X3.99
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
A BUYING OPPORTUNITY IN PRECIOUS METALS -
11. OKTOBER 20190
3 Min. geschätzte Lesezeit
SHARE:
After a remarkable run over the past few months, gold and silver now appear to have entered a period of consolidation. Many speculators and short-term focused investors have sold their positions fearing a correction, while mainstream market commentators fuel these fears, with analyses that proclaim “the end of the road” for gold and silver.
Of course, nothing could be further from the truth. All the very serious concerns and the fundamental reasons that caused the metals to rise so aggressively in recent months are not only still intact, but they have grown, and spread, and find even more solid footing every time new data comes out of the Eurozone and the US. Recession fears among investors hit an all-time high in mid-September, according to a Bank of America Merrill Lynch survey, as 25% of those asked expect a recession to strike in the next 12 months. Even more worrying where the results of the survey released by Wilmington Trust at the end of last month: “About 61% of investors surveyed with a household income of $225,000 or more say that they would give up growth opportunity for downside protection. And among those who have an annual household income of $500,000 or more, 76% say they would make this trade-off.”
These concerns are more than justified. On the economic front, bad news continues to pile up. The trade war, as well as the numerous systemic vulnerabilities in all major economies, appear to be boiling over. In September, U.S. manufacturing activity tumbled to a more than 10-year low, according to the Institute for Supply Management, while growth in the services sector also sharply declined to the lowest point in 3 years. In August, German industrial orders fell by 0.6%, much lower than the expected 0.3% drop, while the economy shrank by 0.1% in the second quarter. This weakness is widely expected to continue and another contraction would put the country officially in recession territory. China’s industrial output grew at its slowest pace since 2002, while in the second quarter the world’s second largest economy grew at its slowest pace since the early 1990s.
In addition to the mounting recession fears, we’ve also seen central bankers cave to market and political pressure and commit to a decisive return to easing polices, which sets the stage for a very bullish period ahead for gold and silver. The Fed, following its historic rate cut in July, the first since 2008, has firmly continued on the cheap credit path. The central bank continues to hint at further cuts, while the markets are essentially taking them for granted. On September 12, the outgoing ECB President Draghi unveiled an aggressive easing package, in a last-ditch attempt to stave off the Eurozone recession that has arguably already begun. The central bank cut interest rates further below zero, to minus 0.5% from minus 0.4%, and revived its massive asset purchasing program. Starting in November, it will be buying $22 billion worth of debt every month, “for as long as necessary”. The ECB also changed its guidance on interest rates. They are now projected to remain at present or lower levels, until the outlook for inflation “robustly” converges to the bank’s target, close to 2%. Given the fact that this target has not been met even after years of extreme measures to revive inflation, it is safe to assume that what that this guidance really means is that negative interest rates are the new normal. This severely increases the risks for the economy. As James Grant accurately put it, “negative interest rates are unsustainable and once investors decide to stop paying for the privilege of holding government debt, a banking crisis could result”.
It is, therefore, clear that trouble lies ahead in the economy and in the markets. When we rationally and calmly assess the facts, the interest rate environment, the widespread economic weakness and the intense volatility in equity markets all point to a precious metals rally. The long-term picture and the fundamentals are exceptionally positive for gold and silver, that have already shown strength and once again confirmed their value as safe havens. In this context, the short-term fluctuations we see can be interpreted as the last hopes of short-sighted investors, who still believe that rate cuts will suffice to reverse the vast economic weakness we see across the board or that a slightly positive tweet by President Trump can mean the end of the trade war. This approach is, of course, based on sheer belief and wishful thinking, as it denies the facts and the data we’ve been seeing for months.
Thus, allowing irrational fear or unfounded hopes to dictate investment strategy now would be a serious mistake. A correction is a normal and healthy part of a sound bull market. It creates the foundation by driving out and replacing weak hands with strong hands. There will be moment in the not-so-distant future when mainstream investors will finally understand that they can find the strongest downside protection, at an honest zero interest, with a tremendous upside potential by buying physical gold and silver. Unlike the rest of their options now, physical precious metals carry no default and no counterparty risk. That’s a massive advantage over leveraged debt securities that can be printed out of thin air. The same can be said for their honest zero interest rate, as in today’s negative interest rate environment, the storage and insurance fees for physical gold are more attractive than negative-yielding bonds or the negative interest that is increasingly charged for cash deposits in the bank.
Thus, for the prudent investor, who is familiar with monetary history, with economic cycles and with the virtues of a low time preference, moments like this present a rare buying opportunity.
And in this case specifically, current price levels might be one of the few remaining opportunities to enter the market at such an attractive price level.
Claudio Grass, Hünenberg See, Switzerland
http://www.claudiograss.ch
Source: Luftbildfotograf, Fotolia
https://investorshub.advfn.com/Newmont-Goldcorp-Corporation-(TSX-NGT)-TSX-NGT-1997/
God Bless
There will be a rally at some point. Look for cheaper prices though if a China deal arrives especially before Xmas which will be good for copper and oil and other metals related to infrastructure expansion.
Gold Price Rally And Goldcorp Acquisition Could Add $3.7 Billion To Newmont’s Revenue Base By 2020
Great Speculations
Trefis Team Contributor
Great SpeculationsContributor Group
Markets
https://www.forbes.com/sites/greatspeculations/2019/10/11/gold-price-rally-and-goldcorp-acquisition-could-add-37-billion-to-newmonts-revenue-base-by-2020/#c248ac691153
General Economic Imagery From Nevada Ahead Of The Republican Primary
Kari Rayson, a mechanic for Newmont Mining Corp., stands next to a transmission for a heavy lift truck at the company's gold quarry mine located on the Carlin Trend west of Elko, Nevada, U.S., on Wednesday, Jan. 25, 2012. Photographer: David PaulBLOOMBERG NEWS
Newmont Goldcorp (NYSE: NEM) is one of the biggest beneficiaries of the rally in gold prices this year, the effect of which is likely to be magnified due to Newmont’s acquisition of Goldcorp in early 2019. Both these factors are expected to help NEM add close to $3.7 billion to its revenue base over the next two years (by the end of 2020), in contrast to $0.6 billion added over the previous two years (2016-2018).
You can view the Trefis interactive dashboard – Newmont Goldcorp Revenues: How Does NEM Make Money? – to better understand the company business model and revenue segment, and alter the key assumptions to arrive at your own estimates for NEM’s gold and copper shipments, price realization, and revenue. In addition, here is more Materials data.
A] Newmont’s Business Model
a) What Does It Offer?
Newmont Goldcorp Corporation is a gold and copper producer with gold mining operations in the United States, Australia, Peru, Ghana, Canada, New Zealand, and Mexico. The company’s proven and probable gold reserves stood at 65.4 million ounces at the end of 2018.
Newmont’s copper mining operations are located in the United States and Australia. The company’s proven and probable copper reserves stood at 2.88 billion pounds at the end of 2018.
b) Who Pays?
Today In: Money
Copper: Copper is bought by third-parties for use in construction and the manufacture of electrical appliances and industrial machinery.
Gold: Gold is mainly sold to jewelry players and certain sensitive electronics industries.
https://www.forbes.com/sites/greatspeculations/2019/10/11/gold-price-rally-and-goldcorp-acquisition-could-add-37-billion-to-newmonts-revenue-base-by-2020/#c248ac691153
God Bless
bingo... they are on a roll now.
Newmont Goldcorp’s Borden Mine Achieves Commercial Production
DENVER
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today announced that the Borden mine near Chapleau, Ontario has achieved commercial production safely, on schedule and within budget. Last week, government and First Nation dignitaries helped inaugurate the mine during a ribbon cutting ceremony.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191001005488/en/
Electric underground mining vehicle at Borden. (Photo: Business Wire)
Electric underground mining vehicle at Borden. (Photo: Business Wire)
The mine features state-of-the-art health and safety controls, digital mining technologies and processes, and low-carbon energy vehicles.
“Consistent project delivery and disciplined operational execution remain cornerstones of our business and are central to creating long-term shareholder value,” said Tom Palmer, President and Chief Executive Officer. “Borden joins the next generation of Newmont Goldcorp mines and leverages our leading land position to anchor this new gold district in Ontario.”
At 1,000 square kilometers, Borden’s land package represents additional exploration upside as the deposit remains open at depth in a favorable mining jurisdiction. Ore from Borden is processed at the existing mill at Porcupine in Timmins, profitably extending operations at the gold mining complex.
In recognition of Borden’s contribution to the future of safe and sustainable mining, the Canadian and Ontario governments each granted CAD$5 million towards electrification of the mine.
Over the last six years, Newmont has successfully built 12 new mines, expansions and projects on four continents – on or ahead of schedule and at or below budget. These projects, with rates of return greater than 20 percent, include Akyem and the Phoenix Copper Leach in 2013, the Turf Vent Shaft in 2015, Merian and Long Canyon in 2016, the Tanami Expansion in 2017, and Twin Underground, Northwest Exodus and Subika Underground in 2018, and the Tanami power project and Borden in 2019. The Company also completed a value-accretive acquisition of Cripple Creek and Victor in 2015 and delivered a profitable expansion at the mine in 2016.
Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. This includes the largest Reserves and Resources, with 90 percent of Reserves located in the Americas and Australia.i These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
[Video b-roll available at this link]
Cautionary Statement Regarding Forward-Looking Statements
For a discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. Newmont Goldcorp does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.
i Reserve percentages reflect both the closing of the Goldcorp transaction and Nevada Gold Mines joint venture. For information regarding Newmont’s historical reserves prepared in compliance with the SEC’s Industry Guide 7, see the Company’s Annual Report filed with the SEC on February 21, 2019, which is available at www.sec.gov or on the Company’s website. The reserves percentages represent gold reserves only, are based upon Newmont, Goldcorp and Barrick’s previously published reserve figures. Newmont’s reserves were prepared in compliance with Industry Guide 7 published by the United States SEC. Reserve figures for former Goldcorp sites and Barrick sites contributed to the Nevada Gold Mines joint venture by Barrick are sourced from Goldcorp’s and Barrick’s previously disclosed public information. Goldcorp and Barrick’s reserves were prepared in accordance with the Canadian National Instrument 43-101 (“NI 43-101”) pursuant to the requirements of the Canadian securities laws, which differ from the requirements of United States securities laws. The definitions used in NI 43-101 are incorporated by reference from the CIM Definition Standards adopted by CIM Council on May 10, 2014 (the "CIM Definition Standards"). U.S. reporting requirements are governed by the SEC Industry Guide 7, as followed by Newmont. These reporting standards have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported, but embody different approaches and definitions. For example, the terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve" are Canadian mining terms as defined in NI 43-101, and these definitions differ from the definitions in Industry Guide 7. Under Industry Guide 7 standards, a "final" or "bankable" feasibility study is typically required to report reserves or cash flow analysis to designate reserves. Further, under Industry Guide 7, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Newmont has not been involved in the preparation of Goldcorp’s or Barrick’s reserve or resource estimates. Accordingly, Newmont assumes no responsibility for Barrick’s estimates. Investors are reminded that Goldcorp reserve estimates remain subject to review and adjustment in accordance with Newmont and SEC standards. No assurances can be made that all Goldcorp reserves will be recognized as Newmont Goldcorp reserves.
image: https://cts.businesswire.com/ct/CT?id=bwnews&sty=20191001005488r1&sid=ntxv4&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20191001005488/en/
Media Contact
Omar Jabara 303.837.5114 omar.jabara@newmont.com
Investor Contact
Jessica Largent 303.837.5484 jessica.largent@newmont.com
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opinion appreciated
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Looks to be trending higher and good support. Uncertainty in the world may push it much higher.
Gold Will Trend Higher And So Will Newmont Goldcorp
Sep. 24, 2019 3:25 PM ET |
About: Newmont Goldcorp Corporation (NEM)
Disruptive Investor
Long/short equity, Deep Value, event-driven, macro
(4,510 followers)
Summary
Gold is likely to trend higher with several fundamental triggers. Expansionary monetary policy being the key gold price catalyst.
Expecting significant EBITDA margin expansion and cash flow growth for Newmont in the coming quarters.
Dividends likely to increase in 2020 and that will translate into positive stock re-rating.
Strong fundamentals for investment towards stable production with robust cash buffer and ample leveraging headroom.
Investment Overview
In the last four months, Newmont Goldcorp (NEM) has moved higher by 25.9% and this upside has largely been in-sync with gold price trending higher.
I am of the opinion that gold will continue to rally and Newmont Goldcorp is an attractive “Buy” even at current levels.
This coverage on Newmont Goldcorp will focus on the factors that can trigger a sustained rally for the stock in the next 12-18 months.
The focus of the coverage will be on factors that will boost gold prices. In addition, the coverage will discuss company specific factors from a production and balance sheet perspective.
Bullish On Gold
Before discussing the fundamental factors to be bullish on gold, it is worth looking at the technical perspective. Gold was in a trading range of $1,100 an ounce to $1,300 an ounce for nearly 5 years.
Therefore, the current breakout on the upside has been after years of consolidation. I am of the opinion that the trading range now forms a strong support zone for gold on the downside. At the same time, I believe that gold is unlikely to re-visit levels of $1,100 or $1,200 an ounce.
On the contrary, the current upside can potentially take gold to all-time highs in the next 18-24 months.
Coming to the fundamental factors, the probability of recession in the United States, as predicted by the Treasury spreads, is the highest since the financial crisis of 2008-09. The Federal Reserve is back to pursuing expansionary monetary policies and it’s likely that more rate cuts are coming in 2020.
As interest rates trend lower, the dollar is likely to get weaker on liquidity glut and gold price will be supported at higher levels.
It is important to note that Euro zone is already in a manufacturing recession, the United States is in a manufacturing recession and China’s GDP growth is at the lowest level in almost 3 decades. India’s GDP growth has also been faltering.
Clearly, the downturn risk is global and the trade war hasn’t helped. In such a scenario, the expected action of central bankers globally is to pursue expansionary policy, which is bullish for gold.
Another big trigger for sustained upside for gold is purchases by central banks. For the first half of 2019, central banks made record purchase of gold amounting to $15.7 billion. The central banks of China and Russia have been active buyers and I believe that aggressive gold buying will continue. This should support gold prices on the upside.
Bullish on Newmont Goldcorp
As gold price remain firm and is likely to trend higher, there are strong fundamental reasons to be bullish on Newmont Goldcorp. Some of the key factors are as follows –
First, Newmont Goldcorp expects all-in-sustaining cost of $975 an ounce for 2019. With realized gold price currently at $1,500 an ounce, I expect robust EBITDA margin expansion in the coming quarters. For the first half of 2019, the company reported operating cash flow of $870 million. With gold surging higher, I believe Newmont is positioned to close 2019 with OCF of approximately $2.0 billion. EBITDA margin expansion and strong cash flows will take the stock higher.
Second, for 2Q19, Newmont Goldcorp declared dividend of $0.14. The realized gold price for 2Q19 was $1,317 an ounce. As realized gold price increases significantly, I expect dividends to increase in 2020. This will translate into stock re-rating.
Third, as of 2Q19, Newmont Mining has a robust cash buffer of $1.8 billion with net debt to adjusted EBITDA of 1.5. Further, the company’s liquidity (including undrawn facilities) stands at approximately $5.0 billion. Therefore, with ample liquidity, leveraging headroom and potentially higher cash flows, Newmont Mining is financed for sustaining and growth capital expenditure in the coming years.
In the coming years, Newmont Goldcorp expects stable production in the range of 6 to 7 million ounces on an annual basis. However, the factors that will trigger revenue and cash flow growth are gold price upside and improvement in all-in sustaining cost. Just as an example, the company expects AISC to decline to $935 an ounce in 2020 from $975 an ounce in 2019.
Of course, one of the strategic objectives of Newmont is to growth through M&A. However, I don’t see another big M&A coming after the merger with Goldcorp. Therefore, the focus in the coming years will be to reduce cost and unlock value from existing assets.
Conclusion
Newmont Goldcorp is well positioned to sustain production in the range of 6 to 7 million ounces on an annual basis. As gold trends higher, the company’s EBITDA margin will expand and free cash flow will swell. This is likely to take the stock higher.
In the next 12-18 months, I expect gold to surge further and Newmont Goldcorp will rally in-sync with gold price upside. In addition, potentially higher dividends in 2020 will also support the stock on the upside.
Overall, I believe that the rally in gold will sustain after a prolonged phase of consolidation in the precious metal. Newmont Goldcorp is well positioned to benefit from the rally, and as fundamentals improve, the stock will trend higher.
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Newmont Goldcorp, Dignitaries Inaugurate Borden, Ontario's 'Mine of the Future'
NEM | 59 minutes ago
DENVER
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) and dignitaries from across Ontario inaugurated the Borden Gold Project (Borden), Ontario’s ‘mine of the future.’ The 100 percent owned Borden mine is located near Chapleau, Ontario and features state-of-the-art health and safety controls, digital mining technologies and processes, and low-carbon energy vehicles – all anchored in a mutually beneficial partnership with local communities. Borden is expected to achieve commercial production in the fourth quarter of this year.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190923005241/en/
image: https://mms.businesswire.com/media/20190923005241/en/745203/4/Battery_Electric_Bolter_-_manufactured_by_Ontario-based_MacLean_Engineering.jpg
Battery electric bolter in use at Borden underground - manufactured by Ontario-based MacLean Engineering. (Photo: Business Wire)
Battery electric bolter in use at Borden underground - manufactured by Ontario-based MacLean Engineering. (Photo: Business Wire)
“Borden opens a new gold mining district in Ontario and profitably extends operations at the Porcupine complex near Timmins,” said Tom Palmer, Newmont Goldcorp’s President. “In addition, Borden’s electric underground fleet will eliminate diesel particulate matter from the underground environment and lower greenhouse gas emissions. This will help reduce energy costs, protect employee health and minimize impacts to the environment.”
Ore from Borden is processed at the existing mill at the Company’s Porcupine operation in Timmins, 180 kilometers to the east. Borden is fully permitted for operation, and Partnership Agreements have been signed with local First Nations. At 1,000 square kilometers, Borden’s land package represents additional exploration upside as the Borden deposit remains open at depth.
Participating in Borden’s inauguration were: The Hon. Greg Rickford, Ontario’s Minister of Energy, Mines, Northern Development and Indigenous Affairs; Gilles Bisson, MPP for Timmins; Chief Keeter Corston, Chapleau Cree First Nation; Chief Anita Stephens, Chapleau Ojibwe First Nation; Chief Cheryl St. Denis, Brunswick House First Nation; Chief Pat Tangie, Michipicoten First Nation; Michael Levesque, Mayor of Chapleau; George Pirie, Mayor of Timmins; Todd White, Newmont Goldcorp’s Regional Senior Vice President for North America; and Marc Lauzier, General Manager, Porcupine and Borden Mines.
In recognition of Borden’s contribution to the future of safe and sustainable mining, the Canadian and Ontario governments each granted CAD$5 million towards electrification of the mine.
Over the last six years, Newmont has successfully built 11 new mines, expansions and projects on four continents – on or ahead of schedule and at or below budget. These projects include Akyem and the Phoenix Copper Leach in 2013, the Turf Vent Shaft in 2015, Merian and Long Canyon in 2016, the Tanami Expansion in 2017, and Twin Underground, Northwest Exodus and Subika Underground in 2018, and the Tanami power project in 2019. The Company also completed a value-accretive acquisition of Cripple Creek and Victor in 2015 and delivered a profitable expansion at the mine in 2016.
Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. This includes the largest Reserves and Resources, with 90 percent of Reserves located in the Americas and Australia.i These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual events or results to differ materially from future events or results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business, financial performance and financial condition and may include, without limitation, (i) statements regarding the timing and achievement of commercial production at Borden, (ii) expectations regarding future operations, cost reductions and profitability, (iii) expectations regarding portfolio sequencing and optimization and (iv) expectations regarding future production, including long-term production targets. Forward-looking statements are based upon certain assumptions, which may prove to be incorrect. Such assumptions include, without limitation: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which Newmont Goldcorp operates being consistent with its current expectations; (iv) certain exchange rate assumptions; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of current mineral reserve and mineralized material estimates; and (viii) other planning assumptions. In addition, material risks that could cause actual results to differ from forward-looking statements include, without limitation, (a) the inherent uncertainty associated with financial or other projections, (b) integration risks in connection with the recent business combination by which Newmont acquired Goldcorp Inc. and the ability to achieve the anticipated synergies and value-creation contemplated by the integration, and (c) other risks disclosed by the Company. For a discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. Newmont Goldcorp does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.
________________________________________
i Reserve percentages reflect both the closing of the Goldcorp transaction and Nevada Gold Mines joint venture. For information regarding Newmont’s historical reserves prepared in compliance with the SEC’s Industry Guide 7, see the Company’s Annual Report filed with the SEC on February 21, 2019, which is available at www.sec.gov or on the Company’s website. The reserves percentages represent gold reserves only, are based upon Newmont, Goldcorp and Barrick’s previously published reserve figures. Newmont’s reserves were prepared in compliance with Industry Guide 7 published by the United States SEC. Reserve figures for former Goldcorp sites and Barrick sites contributed to the Nevada Gold Mines joint venture by Barrick are sourced from Goldcorp’s and Barrick’s previously disclosed public information. Goldcorp and Barrick’s reserves were prepared in accordance with the Canadian National Instrument 43-101 (“NI 43-101”) pursuant to the requirements of the Canadian securities laws, which differ from the requirements of United States securities laws. The definitions used in NI 43-101 are incorporated by reference from the CIM Definition Standards adopted by CIM Council on May 10, 2014 (the "CIM Definition Standards"). U.S. reporting requirements are governed by the SEC Industry Guide 7, as followed by Newmont. These reporting standards have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported, but embody different approaches and definitions. For example, the terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve" are Canadian mining terms as defined in NI 43-101, and these definitions differ from the definitions in Industry Guide 7. Under Industry Guide 7 standards, a "final" or "bankable" feasibility study is typically required to report reserves or cash flow analysis to designate reserves. Further, under Industry Guide 7, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Newmont has not been involved in the preparation of Goldcorp’s or Barrick’s reserve or resource estimates. Accordingly, Newmont assumes no responsibility for Barrick’s estimates. Investors are reminded that Goldcorp reserve estimates remain subject to review and adjustment in accordance with Newmont and SEC standards. No assurances can be made that all Goldcorp reserves will be recognized as Newmont Goldcorp reserves.
image: https://cts.businesswire.com/ct/CT?id=bwnews&sty=20190923005241r1&sid=ntxv4&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20190923005241/en/
Media Contact
Omar Jabara 303.837.5114 omar.jabara@newmont.com
Investor Contact
Jessica Largent 303.837.5484 jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
September 23, 2019 - 10:00 AM PDT
Tags:
GOLD INDUSTRIAL METALS & MINERALS
Read more at https://stockhouse.com/news/press-releases/2019/09/23/newmont-goldcorp-dignitaries-inaugurate-borden-ontario-s-mine-of-the-future#zEyGyWp5xD520qZ1.99
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Tom Palmer on his new vision for world’s largest gold miner
Kitco News Kitco News
Friday September 20, 2019 18:52
https://www.kitco.com/news/2019-09-20/Tom-Palmer-on-his-new-vision-for-world-s-largest-gold-miner.html
(Kitco News) -Tom Palmer, currently COO of Newmont Goldcorp, will assume the role of CEO and helm the world's largest gold miner as of October 1, 2019.
Palmer, who has worked for Rio Tinto for 20 years before joining
Newmont Goldcorp as COO, hails from a family with a long mining
history, and plans to focus on maximizing synergies from the last
merger before turning his attention to other acquisitions.
"Our focus is going to be on delivering the value that we committed
to the Goldcorp acquisition, we've got the divestment of Red Lake, and
we want to make sure our balance sheet is strong enough so that
we've got the financial flexibility so that if an opportunity does
present, we could take advantage of it, but it's not our focus,
Palmer told Kitco News on the sidelines of the Denver Gold Forum.
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Newmont Goldcorp Closes Senior Notes Offering of $700 Million at 2.800%
NEM | DENVER
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (formerly known as Newmont Mining Corporation) (“Newmont Goldcorp” or the “Company”) announced today that it has received aggregate net proceeds of approximately $690 million, after deducting underwriting discounts (before expenses), upon the closing of its registered public offering of $700 million principal amount of 2.800% Senior Notes due 2029.
“The success of our senior notes offering and the positive response from bondholders is a result of the confidence in our capital discipline and the strength of our business over the long term,” said Tom Palmer, President. “The lower-cost capital we raised will be used to pay down the outstanding notes coming due on October 1st while adding liquidity to our already strong balance sheet.”
The Notes are senior unsecured obligations of the Company and rank equally with the Company’s existing and future unsecured senior debt and senior to the Company’s future subordinated debt. The Notes are guaranteed on a senior unsecured basis by the Company’s subsidiary, Newmont USA Limited.
The Company intends to use the net proceeds of this offering for repayment of the Company’s outstanding 5.125% senior notes due October 1, 2019 and any remaining portion for general corporate purposes.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as joint book-running managers for the offering. Copies of the prospectus supplement and accompanying prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from Goldman Sachs & Co. LLC by calling toll-free at 1-866-471-2526, or J.P. Morgan Securities LLC by calling collect at 1-212-834-4533. An electronic copy may also be obtained at www.sec.gov.
This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. Newmont Goldcorp’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. Newmont Goldcorp is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual events or results to differ materially from future events or results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business, financial performance and financial condition and often contain words such as “anticipate,” “intend,” “plan,” “will,” “would,” “estimate,” “expect,” “believe,” “target,” “indicative,” “preliminary,” or “potential.” Such forward-looking statements may include, without limitation, statements regarding expected use of proceeds from the offering. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions include, without limitation: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which Newmont Goldcorp operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar or the Canadian dollar to the U.S. dollar, as well as other exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of current mineral reserve and mineralized material estimates; and (viii) other planning assumptions. In addition, material risks that could cause actual results to differ from forward-looking statements include: (A) the inherent uncertainty associated with financial or other projections; (B) the prompt and effective integration in connection with the recent business combination by which Newmont acquired Goldcorp Inc. (the “integration”) and the ability to achieve the anticipated synergies and value-creation contemplated by the integration; (C) the outcome of any legal proceedings that may be instituted against the parties and others related to the integration or the Nevada joint venture; (D) the ability to achieve the anticipated synergies and value-creation contemplated by the Nevada joint venture; (E) unanticipated difficulties or expenditures relating to the integration and Nevada joint venture; (F) potential volatility in the price of Newmont Goldcorp’s common stock due to the integration and the Nevada joint venture; and (G) the diversion of management time on integration and transaction-related issues. For a more detailed discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. Newmont Goldcorp does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190916005580/en/
Media Contact
Omar Jabara
303.837.5114
omar.jabara@newmont.com
Investor Contact
Jessica Largent
303.837.5484
jessica.largent@newmont.com
Copyright Business Wire 2019
Business Wire
September 16, 2019 - 7:41 AM PDT
Tags:
GOLD INDUSTRIAL METALS & MINERALS
Incoming CEO Tom Palmer to Provide Update on Newmont Goldcorp at Denver Gold Forum
NEM | 2 days ago
DENVER
Newmont Goldcorp Corporation’s (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) President and incoming chief executive, Tom Palmer, will present Tuesday, September 17 at 10:30 am (MDT) at the 30th annual Denver Gold Forum, the world’s largest gathering of precious commodity equities. Mr. Palmer’s presentation is now available on the Company’s website.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190913005107/en/
image:
Tom Palmer, President and incoming chief executive officer (Photo: Business Wire)
Tom Palmer, President and incoming chief executive officer (Photo: Business Wire)
“As the world’s leading gold company, Newmont remains focused on keeping our people safe, while growing our profit margins through operating, technical and financial discipline,” said Mr. Palmer. “We will also generate value for our shareholders by leveraging Newmont’s leading land position and exploration program in favorable jurisdictions to grow our Reserves and Resources.”
Mr. Palmer’s presentation will focus on:
Exceeding targeted synergiesi
On track to exceed $365 million in G&A and exploration synergies, Full Potential improvements, and supply chain savings by 2021
Achieved G&A synergies of $110 million versus targeted $85 million
By year-end 2019, achieve a $200 million run-rate, representing 55 percent of the Company’s three-year commitment on value delivery
In 2019, expect $50 million per annum in value from Peñasquito in Mexico alone, with an additional $200 million in improvement opportunities identified
Portfolio optimization
Process underway for the potential sale of Red Lake in Canada
Divested interest in Nimba iron ore project in Guinea
Continuing to streamline portfolio to focus on high quality assets in favorable jurisdictions
Optimizing and effectively sequencing the development of Newmont’s world-class project pipeline
Building on proven strategy
Track record of superior operational execution, project delivery and long-term value creation
Continued focus on returns and disciplined capital allocation
Ahafo Mill Expansion in Ghana, Quecher Main in Peru and Borden in Canada expected to achieve commercial production in fourth quarter
Disciplined approach to project optimization has delivered eight projects since 2015 with an average internal rate of return more than 30 percent
Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. This includes the largest Reserves and Resources, with 90 percent of Reserves located in the Americas and Australia.ii These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.
About Tom Palmer
A fourth generation miner, Tom Palmer will succeed Gary Goldberg on October 1 to assume leadership of the Company as President and Chief Executive Officer. Since May of 2016, when Mr. Palmer was appointed Executive Vice President and Chief Operating Officer – with more than 85 percent of the Company’s workforce reporting to him – Newmont Goldcorp has generated more than $2 billion in free cash flowiii and commissioned two new mines and six expansions on four continents, on or ahead of schedule and at or below budget. Mr. Palmer has also played a central role in leading the Newmont Goldcorp integration and the establishment of the joint venture with Barrick in Nevada.
Prior to assuming leadership of Newmont’s operations and projects in 2016, Mr. Palmer led the Company’s business in the Asia Pacific region, which generated nearly 40 percent of Newmont’s revenues at the time. Before being recruited to join Newmont in 2014, Mr. Palmer served as Chief Operating Officer for Pilbara Mines at Rio Tinto Iron Ore.
Mr. Palmer’s 25-year career in mining includes leadership roles in Rio Tinto’s bauxite and aluminum, coal, copper, iron ore, and technology businesses where he gained extensive experience building and leading high-performing global teams to enhance safety, profitability, sustainability, and diversity and inclusion.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual events or results to differ materially from future events or results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business, financial performance and financial condition and may include, without limitation, (i) expectations regarding future results (including margin growth, value generation, reserve and resource growth, project pipeline development and capital allocation), (ii) statements regarding future achievement of targeted synergies (including G&A synergies, exploration synergies, full potential savings and improvements and value delivery run-rates), (iii) expectations regarding portfolio optimization and completion of possible divestitures (including the potential sale of Red Lake), and (iv) expectations regarding future achievement of commercial production and progression of projects (including Ahafo Mill Expansion, Quecher Main and Borden). Forward-looking statements are based upon certain assumptions, which may prove to be incorrect. Such assumptions include, without limitation: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which Newmont Goldcorp operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar or the Canadian dollar to the U.S. dollar, as well as other exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of current mineral reserve and mineralized material estimates; and (viii) other planning assumptions. In addition, material risks that could cause actual results to differ from forward-looking statements include: (A) the inherent uncertainty associated with financial or other projections; (B) the prompt and effective integration in connection with the recent business combination by which Newmont acquired Goldcorp Inc. (the “integration”) and the ability to achieve the anticipated synergies and value-creation contemplated by the integration; (C) the outcome of any legal proceedings that may be instituted against the parties and others related to the integration or the Nevada joint venture; (D) the ability to achieve the anticipated synergies and value-creation contemplated by the Nevada joint venture; (E) unanticipated difficulties or expenditures relating to the integration and Nevada joint venture; (F) potential volatility in the price of Newmont Goldcorp’s common stock due to the integration and the Nevada joint venture; and (G) the diversion of management time on integration and transaction-related issues. For a more detailed discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. Newmont Goldcorp does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.
i Full Potential cost savings, improvements opportunities and annual run-rate improvements as used in this press release and the Company’s Denver Gold Forum presentation are considered operating measures provided for illustrative purposes, and should not be considered GAAP or non-GAAP financial measures. Full Potential amounts are estimates utilized by management that represent estimated cumulative incremental value realized as a result of Full Potential projects implemented and are based upon both cost savings and efficiencies that have been monetized for purposes of the estimation. Because Full Potential savings/improvements estimates reflect differences between certain actual costs incurred and management estimates of costs that would have been incurred in the absence of the Full Potential program, such estimates are necessarily imprecise and are based on numerous judgments and assumptions. Expected Full Potential cost savings or improvements are projections are “forward-looking statements” subject to risks, uncertainties and other factors which could cause actual results to differ from current expectations.
ii Reserve percentages reflect both the closing of the Goldcorp transaction and Nevada Gold Mines joint venture. For information regarding Newmont’s historical reserves prepared in compliance with the SEC’s Industry Guide 7, see the Company’s Annual Report filed with the SEC on February 21, 2019, which is available at www.sec.gov or on the Company’s website. The reserves percentages represent gold reserves only, are based upon Newmont, Goldcorp and Barrick’s previously published reserve figures. Newmont’s reserves were prepared in compliance with Industry Guide 7 published by the United States SEC. Reserve figures for former Goldcorp sites and Barrick sites contributed to the Nevada Gold Mines joint venture by Barrick are sourced from Goldcorp’s and Barrick’s previously disclosed public information. Goldcorp and Barrick’s reserves were prepared in accordance with the Canadian National Instrument 43-101 (“NI 43-101”) pursuant to the requirements of the Canadian securities laws, which differ from the requirements of United States securities laws. The definitions used in NI 43-101 are incorporated by reference from the CIM Definition Standards adopted by CIM Council on May 10, 2014 (the "CIM Definition Standards"). U.S. reporting requirements are governed by the SEC Industry Guide 7, as followed by Newmont. These reporting standards have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported, but embody different approaches and definitions. For example, the terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve" are Canadian mining terms as defined in NI 43-101, and these definitions differ from the definitions in Industry Guide 7. Under Industry Guide 7 standards, a "final" or "bankable" feasibility study is typically required to report reserves or cash flow analysis to designate reserves. Further, under Industry Guide 7, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Newmont has not been involved in the preparation of Goldcorp’s or Barrick’s reserve or resource estimates. Accordingly, Newmont assumes no responsibility for Barrick’s estimates. Investors are reminded that Goldcorp reserve estimates remain subject to review and adjustment in accordance with Newmont and SEC standards. No assurances can be made that all Goldcorp reserves will be recognized as Newmont Goldcorp reserves.
iii Management uses free cash flow as a non-GAAP measure to analyze cash flows generated from operations. Free cash flow is Net cash provided by (used in) operating activities less Net cash provided by (used in) operating activities of discontinued operations less Additions to property, plant and mine development. Net cash provided by (used in) operating activities for the same period was over $4 billion. For a reconciliation of free cash flow, see the “Non-GAAP Financial Measures” section of the Company’s Form 10-Q filed with the SEC on the date hereof, or the Company’s most recent earnings release, available on the Company’s website at https://investors.newmontgoldcorp.com/reports-and-filings/.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190913005107/en/
Media Contact
Omar Jabara
303.837.5114
omar.jabara@newmont.com
Investor Contact
Jessica Largent
303.837.5484
jessica.largent@newmont.com
September 13, 2019 - 5:55 AM PDT
Tags:
GOLD INDUSTRIAL METALS & MINERALS
GOLD is Father GOD'S Money!
by Robert Kiyosaki says -
Newmont Goldcorp’s Ahafo Mill Expansion in Ghana Processes First Ore -
https://www.businesswire.com/news/home/20190903005303/en/
Here’s every reason to avoid buying a gold ETF
Simon Black September 9, 2019
Buckle up, this one’s going to be entertaining… because I should have called this note “Why you should always read the fine print
https://www.sovereignman.com/investing/heres-every-reason-to-avoid-buying-a-gold-etf-25548/
Father God is in Charge.
Gold and Silver is God's money and is the Answer.
Be Bold NOT Passive.
Thanks for the update New York Bob..
chevy56
GLTA
Russia buying gold because 'they can read the writing on the wall'
By Jonathan GarberPublished September 09, 2019ChinaFOXBusiness
https://www.foxbusiness.com/markets/peter-schiff-china-russia-buying-gold-because-they-can-read-the-writing-on-the-wall
Newmont Goldcorp Announces Pricing of 2.800% Senior Notes Offering
Newmont Goldcorp (TSX:NGT)
Historical Stock Chart
1 Month : From Aug 2019 to Sep 2019
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (formerly known as Newmont Mining Corporation) (“Newmont Goldcorp” or the “Company”) announced today the pricing of its public offering of $700 million aggregate principal amount of 2.800% senior notes due 2029 (the “Notes”).
https://ih.advfn.com/stock-market/TSX/NGT/stock-news/80675139/newmont-goldcorp-announces-pricing-of-2-800-senio
God Bless
LARGEST Gold Reserves In The World!
8,091 views
World List
Published on 21 Aug 2019
Senator Cortez Masto Meets with Nevada Gold Mines Leadership
T.ABX |
ELKO, Nevada, Aug. 26, 2019 (GLOBE NEWSWIRE) --
In a scheduled visit to rural Nevada to engage with stakeholders and communities, United States Senator Catherine Cortez Masto visited the Nevada Gold Mines (NGM) headquarters in Elko today, meeting with senior leadership and employees.
Senator Cortez Masto shared her condolences and talked with employees about the tragic bus accident on Saturday. The visit provided the opportunity for Senator Cortez Masto to engage with NGM leadership to learn more about the social and economic benefits generated by the company for the state of Nevada, and its focus on safe and sustainable operations to create value for all stakeholders. In addition, the senator heard about NGM’s commitment to growing and training its current and future workforce in Nevada.
Benefits from the formation of the world’s largest gold mining complex, a joint venture between Barrick Gold Corporation (61.5%) as the operator and Newmont Goldcorp Corporation (38.5%), were shared with the senator.
Greg Walker, NGM Executive Managing Director, said the meeting was another step towards building and maintaining strong partnerships with key stakeholders and community organizations in northern Nevada and across the state.
“Nevada Gold Mines was honored to host Senator Cortez Masto,” said Walker. “The senator expressed her deepest condolences following Saturday’s terrible bus accident. Her support means a lot to everyone on our Nevada Gold Mines team, and we’d like to thank her for her kind words. We also appreciate her interest in our current and future business. With our operations and employees based here in Nevada, we are proud of our contribution to the state’s economy as well as the ongoing development of local communities. We look forward to maintaining our leadership role as a key employer and business partner in the region and an active and responsible corporate citizen to the state and the nation.”
Enquiries:
Mark Bristow
Chairman
Nevada Gold Mines
+1 647 205 7694
+44 788 071 1386
Greg Walker
Executive Managing Director
Nevada Gold Mines
+1 702 526 3194
Kathy du Plessis
Barrick Investor and
Media Relations
+44 20 7557 7738
barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to Barrick’s strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “plan”, “project”, “mission”, “potential”, “may”, “will”, “can”, “should”, “could”, “would”, and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: (i) the potential of the mining operations and growth projects of Nevada Gold Mines; (ii) potential mineralization, and potential for growth projects to provide employment opportunities and contribute to the local economy; and (iii) Nevada Gold Mine’s mission to create long-term value for stakeholders.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by Barrick as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation, and exploration successes; risks associated with projects in the early stages of evaluation, and for which additional engineering and other analysis is required;; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; uncertainty whether some or all of targeted investments and projects will meet the Company’s capital allocation objectives and internal hurdle rate; changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments the United States, and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; litigation and legal and administrative proceedings; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
image: https://www.globenewswire.com/newsroom/ti?nf=NzY5ODkxOSMzMDg4MjEyIzIwMDM5MTQ=
GlobeNewswire
August 26, 2019 - 5:00 PM PDT
Tags:
GOLD
Newmont Goldorp’s Ahafo Mill Expansion in Ghana Processes First Ore
Newmont Goldcorp (NYSE:NEM)
Intraday Stock Chart
Today : Wednesday 4 September 2019
Project on track to achieve commercial production in fourth quarter
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today announced that the Ahafo Mill Expansion (AME) project in Ghana successfully processed its first ore and is on track to achieve commercial production in the fourth quarter of 2019.
This press release features multimedia. View the full release here:
https://ih.advfn.com/stock-market/NYSE/newmont-goldcorp-NEM/stock-news/80650589/newmont-goldcorp-s-ahafo-mill-expansion-in-ghana
The US Dollar Is On Life Support - Got Gold?
62,454 views
GoldSilver (w/ Mike Maloney)
Premiered on 20 Aug 2019
Head of the world’s largest hedge fund says a ‘paradigm shift’ in markets now makes gold a good bet -
Bridgewater Associates manages some $125 billion, making it the world’s
largest hedge fund, which has conferred a certain authority on
Dalio’s views on markets and the global economy.
https://on.mktw.net/2Oa1WZk
Interview with Serafino Iacono, Executive Chairman of Gran Colombia Gold (TSX: GCM)
Gran Colombia Gold (TSX: GCM) - 11% Bond Secured by Physical Gold.
New bond being issued.
Gold $87,000 per ounce at Least -
Bill Holter & Jim Sinclair –
2,628 views
Greg Hunter
Published on Jul 9, 2019
China forex reserves higher than expected for June. Gold reserves huge also.
Mon 8 Jul 2019 00:05:30 GMT Author: Eamonn Sheridan | Category:
News End of June 2019 data from China for gold and FX reserves.
FX reserves At $3.1192tls (estimates centred on $3.1100tln)
Gold Reserves 61.94 mln ounces, 87.27bn USD
https://www.forexlive.com/news/!/china-forex-reserves-higher-than-expected-for-june-gold-reserves-higher-also-20190708
NWO khazarian king pin deep state 666 plundered UK, EURO, US etc.
taken all Mfg. industries and gold to China NWO OWG communist -
NGT holding great Au hard rock assets in the safest keeping -
were long fingered NWO 666 evils have more difficult to rob it -
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Where is all the gold? Look at how much is mined each year... and growing, then try to find the where is the supply? Something is very wrong here.
Swiss Bank Loses Client’s Gold -
Egon von Greyerz
Friday, July 5, 2019
http://news.gold-eagle.com//article/swiss-bank-loses-client%E2%80%99s-gold/1130
Never trust any banksters or their ETF's -
If it be bad times like the 1930 -
the banks gold or etf's will be the first confiscated -
that's why I holding share in goldmines -
the goldmines will be going 3 shifts and was the
biggest employers of workers in the - 30-thies -
the more gold be bank manipulated -
the higher it will fly -
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
I agree with Shelton and disagree in part with Padlock or Shedlock whomever he is ... his caveats regarding how to fix the dollar to gold is pegging the dollar to gold. And Bretton Woods was the work of the devil bankers not the Fed although they control the phony Fed.
This is good news for gold.
Trump Fed Nominee Says "Yes" To 0% Interest Rates And "Yes" To Gold
Mike Shedlock Mike Shedlock |Posted: Jul 03, 2019 9:12 AM
https://finance.townhall.com/columnists/mikeshedlock/2019/07/03/trump-fed-nominee-says-yes-to-0-interest-rates-and-yes-to-gold-n2549463
Return to Gold Standard
In addition to wanting 0% rates, Shelton seeks a return to the gold standard and has written that central banks ‘are the world’s biggest currency manipulators’
Her Own Words
Please consider Judy Shelton in Her Own Words.
Monetary Policy
Ms. Shelton argues that central banks’ interest-rate moves cause economic disruptions by manipulating currencies in ways that affect global trade.
Curiously, she must think that 0% rates do not cause economic disruptions.
CARTOONS | CLOSE TO HOME
VIEW CARTOON
When asked in a recent interview with the Journal’s opinion page whether the Fed should cut interest rates now, she said, “The answer is yes,” a view that aligns with Mr. Trump’s recent public comments. She said, “When you have an economy primed to grow because of reduced taxes, less regulation, dynamic energy and trade reforms, you want to ensure maximum access to capital.
Monetary Stimulus
Ms. Shelton opposed the Fed’s efforts to stimulate the economy in the aftermath of the recession, arguing that the central bank’s low interest rates and asset purchases enriched the wealthy while putting everybody else at risk of a sharp increase in inflation or a new asset bubble. “It is ironic that concern for wage earners serves to justify money pumping by the Fed that ends up largely benefiting people who have hefty stock-market portfolios, especially at a time when “income inequality” is a major White House theme,” she wrote in a 2014 Journal opinion article published after then-Fed Chairwoman Janet Yellen had addressed Congress. “Perhaps one of our elected representatives on Capitol Hill can explain to Ms. Yellen that when the low-grade fever of perpetual inflation becomes a full-blown economic malady—when the next financial bubble bursts with horrible consequences for the real economy—average Americans will pay the biggest price.”
Once again this is peculiar because 0% interest rates also cause bubbles.
The Gold Standard
Ms. Shelton has repeatedly called for a return to the gold standard, a monetary regime that pegged the value of the dollar to the value of gold. That would make it impossible for the Fed to affect the strength of the dollar through monetary policy, she writes. “For all the talk of a “rules-based” system for international trade, there are no rules when it comes to ensuring a level monetary playing field. The classical gold standard established an international benchmark for currency values, consistent with free-trade principles.
Sorry Judy. You cannot peg the dollar to the price of gold. It does not work.
You can however, make the dollar redeemable in a fixed amount of gold as long as these conditions hold.
The dollar is 100% gold back.Banks cannot lend money into existence.
There is no fractional reserve lending nor MMT madness.
Banks cannot lend money for terms that exceed deposit rights (e.g. Issuing a 2-Year CD and making a loan for 10 years)
The Dollar
Ms. Shelton favors a hard dollar, by which she means one whose value doesn’t fluctuate depending on monetary policy.
Sorry Judy, this is also impossible as stated. The three conditions above again apply.
Think Back to Nixon
For those who do not understand why you cannot peg the dollar to the price of gold, think back to Nixon.
He ended convertibility of dollars to gold because the Bretton Woods agreement pegging an ounce of gold at $35 blew sky high in a mass flight of gold to France.
You cannot have a fixed price of gold with budget deficits and monetary printing out the wazoo.
You can, under strict conditions noted above, allow a dollar to represent a fixed amount of gold. That's the correct way.
The dollar will then buy what it does. Yes, it will be very stable.
Convoluted Thinking
Shelton has clearly convoluted thinking, but arguably she is no worse than anyone else on the Fed.
I welcome the choice if for no other reason than to get gold back into discussion.
https://finance.townhall.com/columnists/mikeshedlock/2019/07/03/trump-fed-nominee-says-yes-to-0-interest-rates-and-yes-to-gold-n2549463
God Bless
Trump Nominates Gold Standard Advocate To Fed Board -
Barrick Gold and Newmont Goldcorp have named their Nevada joint venture company Nevada Gold Mines -
The business will be owned 61.5% by Barrick and 38.5% by Newmont, and will be operated by Barrick.
The company's operations produced 4 million ounces of gold last year.
"Nevada Gold Mines will have three tier one gold mines:
Barrick's Cortez; the combination of Barrick's Goldstrike and
Newmont Goldcorp's Carlin; and
Barrick's Turquoise Ridge with
Newmont Goldcorp's Twin Creeks.
In addition, our Goldrush-Fourmile project has the potential
to become the fourth,"
Barrick CEO Mark Bristow said during a presentation
to stakeholders in Elko.
Barrick said its North American regional head Greg Walker
had been appointed as executive managing director of
Nevada Gold Mines.
Bristow said the JV should be finalised
by the end of this quarter
https://www.mining-journal.com/gold-and-silver-news/news/1362715/barrick-newmont-jv-gets
God Bless America
Looking for Growth in a Gold Stock? Buy Newmont Goldcorp (TSX:NGT)
Victoria Hetherington | June 22, 2019 | More on: NEM NGT
https://www.fool.ca/2019/06/22/looking-for-growth-in-a-gold-stock-buy-newmont-goldcorp-tsxngt/
Newmont Goldcorp Corporation (TSX:NGT) (TSX:NGT) 'charts (double-click to enlarge):
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Iran’s Islamic Revolutionary Guard Corps shot down a US surveillance drone on Thursday.
FED Ready For Negative Interest Rates! GOLD 10k - Activates Global Currency RESET In Next Week
Economic Predictions 2019
Published on 18 Jun 2019
chevy56 thank you; Russia & China Consider Gold Back Currencies! They,
India and many other nations want the Gold Standard back and get rid of
their old debts problem by starting ex....
a new gold backed money currency system -
It's nothing Trump US or fed deep state can stop without WWIII?;
for Russia, China etc.
has bought and do buy all gold they can get their hands on -
5,067 view
SalivateMetal
Published on 21 May 2019
Newmont Goldcorp Corporation (TSX:NGT) (TSX:NGT) 'charts (double-click to enlarge):
With tariffs Trump is destroying dollar and U.S. power, Hugo Salinas Price says
Submitted by cpowell on 03:47PM ET Wednesday, June 12, 2019.
Section: Daily Dispatches
11:45a ET Wednesday, June 12, 2019
Dear Friend of GATA and Gold:
In a nine-minute video posted this week at YouTube, Hugo Salinas Price
of the Mexican Civic Association for Silver argues that President
Trump, by imposing or threatening to impose tariffs on the world,
including his country's own allies, is destroying the U.S. dollar's
function as the world reserve currency, from which the United States
draws most of its international power and influence.
Because of the dollar's function as the world reserve currency,
Salinas Price notes, the United States gets real goods from around
the world for free.
But, he adds, tariffs will undo that arrangement, since the cost of
tariffs will be borne by U.S. residents themselves.
The video is headlined "Hugo Salinas Price Comments on President Trump's
Tariff Policy" and it's posted at YouTube here:
US gets lots of stuff for free
Yes I do, bring it on...
chevy56
GLTUS
With tariffs Trump is destroying dollar and U.S. power, Hugo Salinas Price says
Submitted by cpowell on 03:47PM ET Wednesday, June 12, 2019.
Section: Daily Dispatches
11:45a ET Wednesday, June 12, 2019
Dear Friend of GATA and Gold:
In a nine-minute video posted this week at YouTube, Hugo Salinas Price
of the Mexican Civic Association for Silver argues that President
Trump, by imposing or threatening to impose tariffs on the world,
including his country's own allies, is destroying the U.S. dollar's
function as the world reserve currency, from which the United States
draws most of its international power and influence.
Because of the dollar's function as the world reserve currency,
Salinas Price notes, the United States gets real goods from around
the world for free.
But, he adds, tariffs will undo that arrangement, since the cost of
tariffs will be borne by U.S. residents themselves.
The video is headlined "Hugo Salinas Price Comments on President Trump's
Tariff Policy" and it's posted at YouTube here:
US gets lots of stuff for free
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Goldcorp Inc., NYSE: GG
Goldccorp Since 1910, over 19.5 million ounces of gold
have been recovered from the Hollinger Mine -
while about 10.8 million ounces were recovered from
the McIntyre Mine -
along with 67,000 tons of copper....
more info....
http://www.porcupinegoldmines.ca/en/ouroperations/hollinger.asp
http://www.goldcorp.com/operations/porcupine/
http://www.goldcorp.com
http://www.goldcorp.com/company/
Suite 3400-666 Burrard Street
Park Place
Vancouver, BC V6C 2X8
(604) 696-3000 begin_of_the_skype_highlighting (604) 696-3000 end_of_the_skype_highlighting
(604) 696-3001 begin_of_the_skype_highlighting (604) 696-3001 end_of_the_skype_highlighting
info@goldcorp.com
http://www.goldcorp.com
www.ivarkreuger.com/metalcharts.htm
Goldcorp GG in yellow Daily Chart 10 year compared to Barrick Gold ABX in black and Newmont NEM in blue -
Goldcorp dividends -
http://www.goldcorp.com/investors/financials/
http://www.goldcorp.com/investors/presentations/
www.ivarkreuger.com/metalcharts.htm
Rothschild World Part 3 "All Enemies both Foreign and Domestic"
Daily One-Year Charts
RED LAKE |
The Red Lake Gold Mine is composed of two operating complexes: the Red Lake Complex and the Campbell Complex. Red Lake Gold mine is Canada's largest gold mine, and in 2007 produced 700,600 ounces. It is also one of the world's richest gold mines and lowest cost producers. The Campbell Complex has been in continuous operations since 1949, producing over 11 million ounces. |
www.goldcorp.com/operations/red_lake_mine/
Weekly Five-Year Charts
Gold Daily
Gold Weekly
Inflation Calculator
data.bls.gov/cgi-bin/cpicalc.pl
Gold $2,400.- per ounce - 500years ago - add inflation - it is a long hike back UP to fair market value - compare to any fiat paper -
The three historical comparisons above (and see chart below) would put gold anywhere from $6,000 to $10,000 and this is without inflation, or more likely hyperinflation. In a hyperinflationary environment, the price gold will go to is really irrelevant since it depends on how much money is printed. In the Weimar Republic for example gold went to DM 100 trillion. What is more important is that gold is likely to go up at least 5 times from today without inflation and with hyperinflation gold will protect investors against the total destruction of paper money and many other assets.
http://www.goldcorp.com
TIA
God Bless
WELCOME ~
This board is for fundamental and technical discussion about Goldcorp Inc., GG ~ Gold Mining enjoy it ~
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