Newmont Delivers Record Full-Year and Fourth Quarter Results
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced full year and fourth quarter 2020 results.
Newmont Increases Quarterly Dividend by 38 Percent to $0.55 Per Share
Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that its Board of Directors declared a quarterly dividend of $0.55 per share of common stock, payable on March 18, 2021 to holders of record at the close of business on March 4, 2021. The fourth quarter dividend represents an increase of 38 percent compared to the prior quarterly dividend of $0.40 per share.
Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion
Newmont Corporation (NYSE: NEM, TSX: NGT) reported gold Mineral Reserves (reserves) of 94.2 million attributable ounces for 2020 as compared to the Company's adjusted(1) 95.7 million ounces at the end of 2019. Newmont exceeded its 2020 conversion target by replacing 80 percent of all depletion and maintaining its industry-leading position with the largest gold reserves.
Canadian Gold Mines Look to Capitalize on the Next Gold Run
, /PRNewswire/ -- It's no secret that Canadian gold production took a hit in 2020. The country produced 1,160 koz of gold in Q2 2020, a significant drop from the 1,482 koz produced over the same period in 2019. However, the gold market looks likely to surge in 2021 and the Great White North is once again an attractive destination for the mining industry. The global health crisis was a significant cause for the drop in production last year, and companies are looking to make up for lost time. New mines are set for exploration and development and major miners are set to ramp up production in the coming months as companies like (NYSE: FURY) (TSX: FURY)(NYSE: NEM) (TSX: NGT),(NYSE: KL) (TSX: KL),(NYSE: AEM) (TSX: AEM), and (NYSE: GOLD) (TSX: ABX) explore and develop Canadian assets. Due in part to these companies, Canadian gold output is set to rise to
Newmont Establishes Global Center for Indigenous Peoples Community Relations
Newmont Corporation (NYSE: NEM, TSX: NGT) today officially launched the Newmont Global Center for Indigenous Community Relations as key part of the Company's aim to promote meaningful engagement with Indigenous Peoples. The Center will be a resource for the Company and the mining industry as a way to promote awareness, education and engagement between industry and Indigenous Peoples.
Number of Forecasts For Gold Point Toward The Precious Metal Performing Well in 2021
, /PRNewswire/ -- Historically, in times of global crises, gold, as a safe haven, has performed positively, and2020 was no exception. An in CNBC said that Gold… rallies could continue into the new year… The precious metal closed (its) best year since 2010… following a year of unprecedented volatility brought on by the Covid-19 pandemic. It said: "Barring some minor hurdles, the new year could bring new records for(gold), , chief market strategist at Miller Tabak, told CNBC's "Trading Nation". IBISWorld : "Since the first COVID-19 (coronavirus)-related death was recorded in in , many investors have sought protection in safe haven assets to protect their portfolios from market volatility. As a result, gold prices have risen to historic levels...The Gold Mining industry's performance may still be uncertain in the short term, but remains largely optimistic as higher gold prices bolsters revenue… Industry operators in and , the two prime locations for industry establishments, have largely been able to remain operational. Profit is expected to rise on higher precious metal prices and persistently low oil prices, which represents one of the industry's most substantial costs. Active stocks in the mining markets this week include (OTCQB: GIDMF) (CSE: IGLD), (NYSE: NEM) (TSX: NGT), (NYSE: KGC) (TSX: K), (NYSE: AEM) (TSX: AEM), . (NYSE: PVG) (TSX: PVG).
Newmont Announces $1.0 Billion Share Repurchase Program
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced its Board of Directors has approved a share repurchase program for up to $1.0 billion of common equity, to be completed over the next 18 months. The program will be executed at the Company's discretion, utilizing open market repurchases to occur from time to time throughout the authorization period, and is in addition to Newmont's industry-leading dividend framework.
Newmont Announces Full Year and Fourth Quarter 2020 Results
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it will report full year and fourth quarter 2020 operations and financial results before the market opens on Thursday, February 18, 2021 and will hold a conference call at 10 a.m. Eastern Time (8:00 a.m. Mountain Time) the same day. The earnings call will also be carried on the Company's website.
Why Mounting Pandemic And Vaccine Concerns May Create A Surge In Gold Prices
, /PRNewswire/ -- Many reports on "The Street" feel that, with the gold price rising to new heights amid the coronavirus pandemic, a shakeout upon the arrival of a vaccine was inevitable. Still, the intermediate-term outlook for gold stocks and the gold price looks reasonably bright, because Fed policy is likely to remain ultra-easy for years to come, while policymakers test their new conviction that inflation is no longer a threat. Yet clarity on the near-term outlook for the gold price and gold stocks may wait until the Fed's policy update, which could bring a change in its asset-purchase program. The Senate runoff elections in also might serve as a positive catalyst for the gold price and help gold stocks regain lost luster. But, depending on the outcomes, they also could serve to deepen negative sentiment. A CNBC said that Gold's recent rising is affected by: "…increasing coronavirus infections globally re-ignited concerns about the economic toll from the pandemic, while skepticism over the reach of a potential COVID-19 vaccine further boosted the safe-haven metal." Active stocks in the mining markets this week include (NYSE: GOLD) (TSX: ABX), (OTCQB: GIDMF) (CSE: IGLD), (NYSE: NEM) (TSX: NGT), (NYSE: BTG) (TSX: BTO), (NYSE: EGO) (TSX: ELD).
Newmont to Provide Reserves and Exploration Update
Newmont Corporation (NYSE: NEM, TSX: NGT) today announced it will release its 2020 Reserves and Resources before the market opens on Wednesday, February 10, 2021 and will hold an exploration update conference call at 9 a.m. Eastern Time (7:00 a.m. Mountain Time) the same day. The exploration update will also be carried on Newmont's website.