All articles tagged with #newmont
Originally Published 13 days ago — by CNBC
The article highlights the major midday stock movements involving companies like Nvidia, Ultragenyx Pharmaceutical, Newmont, and DigitalBridge, indicating significant trading activity and market shifts.
Originally Published 2 months ago — by TipRanks
Newmont's stock (NEM) is rising ahead of its upcoming earnings report, indicating positive investor sentiment or anticipation of strong financial results.
Originally Published 2 years ago — by Reuters
The four-month-long labor strike at Newmont's Penasquito gold mine in Mexico has ended after workers and the company reached a deal to increase salaries. Both parties agreed to an 8% salary raise, retroactive to August 1, which is lower than the initial proposal by the union. The agreement also includes a 10% employee profit sharing for this year and a provision for the miner to pay two months' salary to workers if it fails to report profits. The strike resulted in a significant decrease in gold production and incurred operating costs for the mine.
Originally Published 2 years ago — by Investopedia
Newmont, the world's largest gold mining company, has acquired Australian rival Newcrest Mining for $19.2 billion in the industry's biggest deal to date. The purchase will allow Newmont to expand its global scope with mining operations across the Americas, Africa, Australia, and Papua New Guinea. The deal comes as gold prices surge due to the metal's appeal as a safe-haven asset in times of economic uncertainty.
Originally Published 2 years ago — by Barron's
Newmont has agreed to acquire Newcrest, an Australian gold and copper miner, for $17.5 billion, marking the largest ever gold-mining deal.
Originally Published 2 years ago — by Financial Times
Australian mining company Newcrest has backed a $19bn bid by Newmont to create the world's largest gold miner. The deal would see Newmont acquire Canada's Goldcorp, with Newcrest taking a 70% stake in the Red Chris copper and gold mine in British Columbia. The acquisition would create a company with a market value of $32bn.
Originally Published 2 years ago — by Kitco NEWS
Newmont, the world's largest gold miner, has entered into a definitive agreement to acquire Newcrest, the eighth largest gold miner, in a deal that will see Newcrest shareholders receive 0.400 Newmont shares for each Newcrest share and a special dividend of up to $1.10 per share paid by Newcrest, representing a 30.4% premium. The transaction is still subject to shareholder approval. The acquisition is expected to create an industry-leading portfolio with a multi-decade gold and copper production profile in the world’s most favorable mining jurisdictions, and deliver an estimated $500 million in annual synergies and an estimated $2 billion in incremental cash flow from portfolio optimization opportunities.
Originally Published 2 years ago — by The Wall Street Journal
Newmont has increased its bid for Australian mining company Newcrest to $19.5 billion, in an effort to acquire the company and expand its operations in Australia.
Originally Published 2 years ago — by Reuters
Newmont has made a final offer of AUD 29.4bn ($19.5bn) for Newcrest Mining, which would make Newmont the world's largest gold producer. The deal would be the third-largest ever involving an Australian company and the third-largest globally in 2023. Newcrest has given Newmont access to its books following the sweetened all-share bid that has received some support from shareholders. Under the revised offer, Newcrest shareholders would receive 0.400 Newmont share for each share held, with an implied value of AUD 32.87 a share, up from a previous exchange ratio of 0.380 that Newcrest's board unanimously rejected in February.