newmont

 

  • Formerly: Newmont Mining Corporation, Newmont Goldcorp Corporation; Company type: Public company; Traded as: NYSE: NEM, S&P 500 component, TSX: NGT, ASX: NEM; ISIN: US6516391066;
    Industry: Metals and Mining; Founded: 1921; 103 years ago; Headquarters: Greenwood Village, Colorado, U.S.; Key people: Thomas R. Palmer, President/CEO; Products: Gold, copper, silver, zinc, lead; Revenue: US$11.487 billion (2020)[1]; Operating
    income: −51,000,000 United States dollar (2022) ; Net income: −429,000,000 United States dollar (2022) ; Number of employees: 14,300[2] (2020); Subsidiaries: Goldcorp, Oroplata S.A., Newmont Nusa Tenggara, South Kalgoorlie Gold Mine Operations
    Asset Cripple Creek & Victor Gold Mine; Nevada Gold Mines; Éléonore; Musselwhite mine; Porcupine mine; Peñasquito Mine; Cerro Negro mine; Merian; Pueblo Viejo mine; Yanacocha; Ahafo mine; Akyem; Boddington Gold Mine; Tanami Mine History Early
    years[edit] William Boyce Thompson, founder of Newmont Mining The Newmont Company was founded in 1916 in New York by Colonel William Boyce Thompson as a holding company to invest in Worldwide mineral, oil, and related companies.

  • [39] Former operations Newmont has purchased and sold a number of operations in recent years: • Red Lake Mine: Newmont completed sale of Red Lake mine for $375 million on
    March 31, 2020.

  • [46] • Wiluna Gold Mine: Also part of the Normandy acquisition, in December 2003 Newmont sold Wiluna to a local management buyout team for shares and A$3.65 million in cash.

  • [45] • Bronzewing Gold Mine: View Resources purchased the mine in July 2004 from Newmont for A$9.0 million, a package that also included the Mount McClure mining operation,
    8 km west of Bronzewing.

  • Newmont made its first major gold investment in 1917, with a founding 25 percent in the Anglo American Corporation of South Africa.

  • [41] • Super Pit gold mine: Newmont sold its 50 percent stake in Kalgoorlie Consolidated Gold Mines to Northern Star Resources for $800 million in January 2020.

  • By eventually outbidding the South African company, Newmont became the world’s largest gold producer, with an annual production in excess of 8 million ounces.

  • [14][15] Major growth[edit] In the 1980s, Newmont thwarted five takeover bids – from Consolidated Gold Fields (ConsGold), T. Boone Pickens, Minorco, Hanson Industries and
    James Goldsmith – who sought to break Newmont apart and sell its assets to increase shareholder value.

  • A decade later, Newmont Mining Corporation and Newmont Gold Company combined assets to form a unified worldwide gold company.

  • [11] In 1929, Newmont became a mining company with its first gold product in by acquiring California’s Empire Star Mine.

  • For decades around the middle of the 20th century, Newmont had a controlling interest in the Tsumeb mine in Namibia and in the O’Okiep Copper Company in Namaqualand, South
    Africa.

  • Mining operations at Golden Giant were completed in December 2005 with remnant mining and milling production continuing throughout most of 2006.

  • By 1939, Newmont was operating 12 gold mines in North America.

  • [42] • Golden Grove Mine: Owned by Normandy Mining since 1991, Golden Grove was acquired by Newmont Australia Ltd in February 2002 when Newmont took over Normandy.

  • Newmont has approximately 31,600[6] employees and contractors worldwide, and is the only gold company in the Standard & Poor’s 500 stock market index.

  • [43] Newmont sold the mine to Oxiana Limited in June 2005 for A$265 million.

  • Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado.

  • [47][48] • Zarafshan: Newmont was part of a joint venture gold project in Uzbekistan.

  • The following year, Newmont acquired Miramar Mining Corporation and its Hope Bay deposit in the Canadian Arctic.

  • Beginning in 1925, Newmont acquired interests in a Texas oil field.

  • Mining was completed in late 2001 and gold production was completed in 2004.

  • Newmont sold the mine in late 2007; it is now owned by Conquest Mining.

  • [18] In 2007, the company eliminated its 1.5 million ounce legacy hedge book to make Newmont the world’s largest unhedged gold producer.

  • [52] • Martha Mine: Newmont completed the sale of its Waihi assets in New Zealand in October 2015.

  • In 2009, Newmont purchased the remaining one-third interest in Boddington Gold Mine from AngloGold Ashanti, bringing its ownership to 100 percent.

 

Works Cited

[‘• “Newmont Revenue 2006-2020”. Macrotrends. Retrieved March 13, 2021.
• ^ “Newmont: Number of Employees 2006-2020”. Macrotrends. Retrieved March 13, 2021.
• ^ Sanderson, Henry (January 6, 2020). “Newmont ups dividend by 79 per cent as gold prices
surge”. Financial Times.
• ^ “Operations & Projects”. Newmont Corporation. Retrieved January 27, 2020.
• ^ Chen, Jackson (December 2, 2019). “Newmont Goldcorp provides five-year outlook”. Mining.com.
• ^ “Newmont Announces Full Year and Fourth
Quarter 2019 Results”. Business Wire. February 22, 2020.
• ^ “Operations & Projects”. Newmont Corporation. Retrieved January 27, 2020.
• ^ “Newmont Delivers Record Full Year and Fourth Quarter Results”. Business Wire. February 18, 2021.
• ^
“Newmont Reserves and Resources 2020 Results” (PDF). Denver, CO: Newmont Corp. February 10, 2021. p. 7. Retrieved January 10, 2022.
• ^ “Newmont to Acquire Remaining Stake in Yanacocha”.
• ^ “Newmont History”. Newmont Corporation. Retrieved January
27, 2020.
• ^ Fahey, John (1990). Hecla: A Century of Western Mining. Seattle: University of Washington Press. pp. 77, 110–111, 152. ISBN 9780295970141.
• ^ Coope, J. Alan (1991). SP013: Carlin trend exploration history: Discovery of the Carlin
deposit. Reno, NV: NV Bureau of Mines & Geology. p. 5. CiteSeerX 10.1.1.568.5758.
• ^ Railroad News, Trains, September 1994, pp. 14-16
• ^ Shah, Saeed (November 28, 2001). “AngloGold battles for pole position in global gold mining”. The Independent.
Archived from the original on June 18, 2022.
• ^ Welsch, Edward (February 3, 2011). “Newmont to Buy Gold Miner in $2.32 Billion Deal”. The Wall Street Journal.
• ^ Jump up to:a b c “Newmont Announces Full Year and Fourth Quarter 2017 Results”.
Business Wire. February 22, 2018.
• ^ Biesheuvel, Thomas; Mazneva, Elena (January 14, 2019). “Newmont to Buy Goldcorp in $10 Billion Deal, Creating World’s Largest Gold Miner”. Bloomberg.
• ^ Newmont Enters into Definitive Agreement to Acquire
Newcrest Newmont May 14, 2023
• ^ Newmont Seals $19 Billion Newcrest Deal to Dominate Gold Mining Bloomberg News May 14, 2023
• ^ Implementation of Scheme Newcrest November 7, 2023
• ^ “Newmont: A Responsible Company in Ghana” (PDF). Business
& Human Rights Resource Centre. February 6, 2009.
• ^ Saleem, Fahad (January 22, 2023). “13 Biggest Gold Mines in the World”. Yahoo! Finance. Retrieved August 11, 2023.
• ^ “Annual Information Form”. U.S. Securities and Exchange Commission. March
19, 2021. Retrieved August 11, 2023.
• ^ “Barrick’s Investment in Pueblo Viejo to Boost Contribution”. Zacks Equity Research. Yahoo! Finance. May 28, 2019. Retrieved August 11, 2023.
• ^ “Barrick agrees to independent environmental studies for
Pueblo Viejo expansion”. Canadian Mining Journal. August 3, 2021. Retrieved August 11, 2023.
• ^ Ross, Kelsey (July 15, 2015). “Tarnished Medals”. NOW Magazine. Retrieved August 11, 2023.
• ^ “Newmont Completes Sale of Red Lake and Realizes Cash
Proceeds of $375 million”. Business Wire. March 31, 2020.
• ^ “Newmont Successfully Sells Stake in Continental Gold for $260 Million in Cash”. Business Wire. March 5, 2020.
• ^ Chen, Jackson (January 2, 2020). “Newmont completes KCGM stake sale,
updates outlook”.
• ^ Robinson, Allan (January 19, 2002). “Newmont wins Normandy bidding war”. The Globe and Mail.
• ^ “Newmont Mining sells WA mine to Oxiana”. The Sydney Morning Herald. June 25, 2005.
• ^ “NQ Metals in talks to buy Newmont
mine”. The Sydney Morning Herald. December 7, 2007.
• ^ “View Resources adds golden string to bow”. The Sydney Morning Herald. June 16, 2004.
• ^ “Newmont eyes $500m cast-offs float”. The Sydney Morning Herald. May 30, 2002.
• ^ “Apex acquires
Wiluna mine for $29.5m”. Sydney Morning Herald. June 20, 2007. Retrieved January 10, 2022.
• ^ “Gold miner Newmont resolves dispute with Uzbekistan”. Reuters. July 23, 2007.
• ^ “Newmont weighs up Kori Chaca”. BN Americas. May 20, 2003.
• ^
Hoffman, Andy (April 24, 2018). “St Andrew buys Timmins mine from Newmont”. The Globe and Mail.
• ^ Jamasmie, Cecilia (June 5, 2015). “Newmont sells New Zealand mine to OceanaGold for $101 million”. mining.com.
Photo credit: https://www.flickr.com/photos/usfwsmidwest/7369484298/’]