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.
Newmont Mining Corp. Mining News
Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings.
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.
Company expects to increase gold production at Tanami by 80,000 ounces annually, reaching between 425,000-475,000 ounces a year.
The Peruvian giant is focusing on extending the working life of the Yanacocha gold mine
Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.
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.
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
Newmont Mining Corporation has appointed experienced miner Andrew Woodley to lead the Company’s North America business beginning on January 2, 2017.
Merian gold mine was completed on time and more than $150 million — about 20% — below its initial capital budget.
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.
With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
Company argues a royalty hike would jeopardize the profitability of Australia's two largest gold mines.
The Indonesian government plans to increase export tax on copper concentrates to 35% by January 2015.
Gold sector's situation is about to get worse.
Despite current challenges the analysts expect significant growth in the country's mining industry.
And sales declined 11% to $1.99 billion.
Local officials said the crowd is lead by some of the same organizers of rallies against Newmont Mining’s $5 billion Conga project.
More than half of the total reports submitted in early 2012 are still under evaluation.
Newmont Mining Corporation (NYSE: NEM) announced Monday it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.
Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.
Peru's Catholic Church intervened in reconciliation talks between the government of President Ollanta Humala and activists protesting the $5 billion Conga copper and gold mine project.
Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.
Candente Copper will be allowed to resume its exploration and feasibility drilling at its Canariaco project in Peru, after the local community of San Juan De Kañaris voted in favour of granting surface access to the company on Sunday.