Newmont Mining 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.

Top gold stock shows cash obsession is what investors want

Buenaventura’s U.S. shares have surged 63 percent in the past two years, the most among peers.

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.

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.

Barrick chairman Thornton boosts ownership with major share buy

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

Barrick moves forward with plan to make every employee an owner

The gold miner’s employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares.

Newmont’s Gary Goldberg honored for contributions to mining safety, value creation and sustainability

The award was presented by the American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME) during the 2018 Society for Mining, Metallurgy & Exploration conference.

The world's top 10 largest gold mining companies – 2017

Rough year shuffles ranks of global gold mining giants as Freeport makes a comeback – 2018 forecasts point to another tumultuous year.

Barrick to hike gold output as Newmont gets too close to being world’s top producer

Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.

Barrick clings to top gold miner title as Newmont falls short

About 50,000 ounces — roughly 125 gold bars — is all that stands in the way of Newmont overtaking Barrick as world's No.1 bullion miner.

Newmont recognized for top performance in mining sector in sustainability yearbook

“We’re honored to be recognized as a mining industry leader in sustainability by RobecoSAM,” said Gary Goldberg, President and Chief Executive Officer.

Newmont ranked as top miner in Fortune’s 2018 list of world’s most admired companies

Company was ranked as the top mining company globally, posting strong scores in the areas of quality of management, social responsibility, long-term investment, people management and innovation.

`Disastrous' deals sideline gold-mining M&A as metal rises

Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major gold producers have cut back on mining deals.

From bitcoin to Trump: mining giants identify 2018's challenges

In 2017, miners finally got tailwinds from commodities as unsavory supply pressures bolstered prices. What’s ahead for 2018? Bloomberg asked six top execs.

Newmont's cost-cutting, production plans: 'We've only just begun'

With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.

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.

Barrick shares crater as Tanzania troubles grow

Disappointed shareholders sink Barrick Gold shares 7.6% after $300m settlement with east African country over export ban is labelled a "downpayment".

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20

Giant Peru copper project attracts first bidder

Peru is auctioning off the $2 billion Michiquillay copper project in the northern region of Cajamarca on November 15.

Peruvian farmer sues Newmont in US court over alleged use of violence, threats

Acuña and her family claim the company used violence and threats to try to evict her from her home and so make way for its $5 billion gold and copper Conga project.

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.

Peru to auction $2 billion Michiquillay copper project in November

The massive project is expected to process close to 80,000 tonnes of copper ore a day.

Newmont Mining receives top mining industry safety certification

The National Mining Association (NMA) today recognized Newmont Mining Corporation for receiving independent certification under its CORESafety® system.

Peruvian Supreme Court rules against Newmont

The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Congo mine.

Gold stocks sell off – Barrick drops 11%

Gold price under pressure.