Newmont Mining Mining News

Newmont Goldcorp to halt operations at Mexico mine due to blockade

Access to its Peñasquito gold mine is being illegally block by a trucking contractor and some members of the Cedros community.

Newmont Goldcorp profit beats on higher production as prices fall

Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually.

Barrick, Newmont JV completed, world’s largest gold complex is born

The new business, yet to be named, will be owned 38.5% by Newmont Goldcorp and 61.5% by Barrick.

Done deal: Newmont Goldcorp becomes world's No. 1 gold miner

Newmont Goldcorp is now the world’s largest gold producer by market value, output and reserves, as well as the only bullion producer listed on the S&P 500 Index.

Newmont-Goldcorp $10B merger to close this week

Deal creates the world’s largest gold producer by market value, output and reserves.

Newmont shareholders overwhelmingly approve $10B Goldcorp takeover, creating world’s top gold miner

Deal creates the world’s largest gold producer by output, robing Barrick of its recently cemented supremacy.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

Newmont readies leadership team post-merger with Goldcorp

Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.

UNEP, ethical investors join miners' quest for global tailings rules

Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.

BCI opposes Goldcorp’s $12m retirement bonus for Ian Telfer

British Columbia Investment Management Corporation will vote against the proposed merger of Goldcorp and Newmont due to Goldcorp’s decision to award its chairman a $12m retirement allowance.

Newmont offers special dividend if Goldcorp takeover approved

The one-time special dividend, worth $470 million, will be given to Newmont's shareholders only if its friendly takeover of Canada’s Goldcorp is approved.

VanEck shares Paulson's concerns on Newmont-Goldcorp merger

Mounting investor concerns sent Goldcorp shares tumbling in New York.

Newmont’s Tanami gold mine to curb emissions by 20%

Project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.

Continental Gold announces $175 million in financing from Newmont, Triple Flag, stock surges

Newmont's ownership in Continental could increase to 28%

Gold miners don’t quite put a ring on it: Liam Denning

After a parade of insults, suspect numbers and pitch decks, Barrick Gold Corp. and Newmont Mining Corp. have agreed to a deal.

Barrick gives up plans to acquire Newmont, will form Nevada JV instead

Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.

Newcrest grabs majority stake in Canadian copper-gold mine

Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.

Newmont CEO eager to meet with Barrick — but not about merger

After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.

Barrick open to discuss joint venture in Nevada with Newmont

Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.

Australia’s gold production hits new record high

The country's gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years.

Newmont rejects $18B hostile bid by Barrick, releases private messages

The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.

Miners' 'lifeblood' looks poised to flow back following pot craze

"The current market is reminiscent of the late 90’s and early 2000’s."

Barrick, Newmont step up game to sway top investors

Barrick forecasts over $7 billion in pre-tax savings over 20 years, based on net present value — $4.7 billion of which will come from Nevada.

Brazil’s deadly dam collapse pushes miners to set global rules for tailings

The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.

Barrick-Newmont merger would leave up to $7B of assets up for grabs

The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.