The Daily Chase: Orla to buy Ontario gold mine for up to $850M [BNN Bloomberg (Canada)]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: BNN Bloomberg
Mining says it has agreed to buy the Musselwhite gold mine in Ontario from Newmont for up to $850 million. The purchase will allow the company to roughly double its current output. The move is the latest divestiture for Newmont, which has been selling assets to cut its debt ever since an expensive purchase of Newcrest Mining last year. Newmont's shares have lost about one per cent of their value over the past 12 months, a time when the underlying gold price has rallied by more than 25 per cent. We will hear from the CEO of Orla, Jason Simpson, in an interview on The Close this afternoon. Goldman bullish on gold for 2025: Orla aren't the only ones who are bullish on the gold sector. Strategists at Goldman Sachs listed bullion among their list of the top commodities picks for 2025. “Go for gold,” Goldman said in a note to clients, reiterating a target price of US$3,000 per ounce as central banks around the world start buying. Gold prices have rallied this year before selling off in re
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News
- NEM vs. AGI: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
- Founders Metals Announces Positive Metallurgical Test Work [Yahoo! Finance]Yahoo! Finance
- Newmont to Divest Musselwhite Operation for Up to $850 Million [Yahoo! Finance]Yahoo! Finance
- Lion One Intensifies Roscoelite Focus and Enhances Fiji Gold Team with Addition of Two Ex-newmont Geologists [Yahoo! Finance]Yahoo! Finance
- Newmont Co. (NYSE: NEM) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
NEM
Earnings
- 10/23/24 - Beat
NEM
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form SC
- 11/6/24 - Form 4
- NEM's page on the SEC website