Newmont Mining Corp. Mining News

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Newmont sells its royalty portfolio to Maverix Metals for $17 million, stake in the junior

Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.

Peruvian farmers to appeal U.S. court decision in land dispute with American miner

A U.S. court ruled that the Chaupe family case against Newmont Mining Corporation should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.

Canadian Miner Agnico to divest cobalt assets, sells gold interests

Agnico said it started a strategic review on selling about 2,100 hectares of the Coleman and the South Lorrain cobalt-rich properties in Canada.

Newmont profit soars on higher gold prices, claims top bullion miner title

Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.

Peru will not 'impose' mining projects on communities -prime minister

The government of new Peruvian President Martin Vizcarra said it would not "impose" mining projects on nearby communities that object to them.

Six people killed at Newmont’s operation in Ghana

"Our priorities right now are to support the families of those who lost loved ones," CEO Gary Goldberg said.

Newmont raises output target for 2018, lowers expected costs

The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.

Recovering global miners face fresh squeeze from rising costs

Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings.

Gold miner Newmont's higher costs cast shadow on profit beat

The miner said its all-in sustaining costs to produce an ounce of gold rose $18 to $943 due to higher exploration and project expenses.

Newmont begins production at Tanami expansion project in Australia

Company expects to increase gold production at Tanami by 80,000 ounces annually, reaching between 425,000-475,000 ounces a year.

Peruvian Conga gold mine to stay closed until further notice

The Peruvian giant is focusing on extending the working life of the Yanacocha gold mine

Newmont Mining reshuffles management in Australia

Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.

Beyond the Mine: Newmont publishes 2016 Sustainability Report

Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.

Newmont open to new partner to expand Yanacocha gold mine in Peru

A potential expansion would allow South America's largest gold mine generate about 200,000 ounces of the precious metal per year between 2020 and 2025

Experienced miner Andrew Woodley to lead Newmont’s North America business

Newmont Mining Corporation has appointed experienced miner Andrew Woodley to lead the Company’s North America business beginning on January 2, 2017.

Newmont begins production at its Suriname gold mine

Merian gold mine was completed on time and more than $150 million — about 20% — below its initial capital budget.

Newmont responds to independent report on land dispute in Peru

The complex land dispute between members of the Chaupe family and Yanacocha remains a concern for Newmont, the company said.

Newmont ranked mining industry leader by Dow Jones Sustainability World Index for second year in a row

Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.

Newmont selling Indonesian unit for $1.3 billion

With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.

Newmont steps up pressure against W. Australia’s royalty hike

Company argues a royalty hike would jeopardize the profitability of Australia's two largest gold mines.

Newmont Mining may halt Indonesia operations

The Indonesian government plans to increase export tax on copper concentrates to 35% by January 2015.

Expect more write-downs coming soon to a gold miner near you

Gold sector's situation is about to get worse.

Anti-mining sentiment in Peru main barrier to sector’s growth – S&P

Despite current challenges the analysts expect significant growth in the country's mining industry.

Weak gold prices, Australian charge drive Newmont's $2bn loss

And sales declined 11% to $1.99 billion.