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
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.
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:
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