Last $19.53 USD
Change Today -0.18 / -0.91%
Volume 5.1M
NEM On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

newmont mining corp (NEM) Snapshot

Open
$19.69
Previous Close
$19.71
Day High
$19.73
Day Low
$19.41
52 Week High
08/13/14 - $27.40
52 Week Low
11/14/14 - $17.75
Market Cap
9.7B
Average Volume 10 Days
10.5M
EPS TTM
$1.16
Shares Outstanding
498.8M
EX-Date
12/3/14
P/E TM
16.8x
Dividend
$0.10
Dividend Yield
2.05%
Current Stock Chart for NEWMONT MINING CORP (NEM)

newmont mining corp (NEM) Related Businessweek News

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newmont mining corp (NEM) Details

Newmont Mining Corporation, together with its subsidiaries, acquires, explores for, and produces gold, copper, and silver deposits. The company’s assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, Mexico, and Suriname. As of December 31, 2013, it had proven and probable gold reserves of approximately 88.4 million ounces and an aggregate land position of approximately 24,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

15,085 Employees
Last Reported Date: 02/21/14
Founded in 1916

newmont mining corp (NEM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.4M
Executive Vice President of Operations & Proj...
Total Annual Compensation: $1.4M
Executive Vice President of Sustainability & ...
Total Annual Compensation: $839.0K
Executive Vice President of Strategic Develop...
Total Annual Compensation: $613.4K
Compensation as of Fiscal Year 2013.

newmont mining corp (NEM) Key Developments

Newmont Mining Corporation Prepays $100 Million of $575 Million Term Loan Maturing in 2019

Newmont Mining Corporation announced it made a $100 million prepayment toward a five-year, $575 million unsecured amortizing term loan received in March. The term loan was used to repay $575 million of convertible debt that matured in July of this year. Proceeds recently received as a result of the government of Suriname exercising its option to participate in a fully-funded, 25% equity ownership stake in the Merian Gold Project were included in the $100 million prepayment.

Newmont Mining Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production and Capital Expenditure Guidance for Fiscal 2014, 2015 and 2016

Newmont Mining Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of $1,746 million compared to $2,020 million a year ago. Income before income and mining tax and other items was $25 million compared to $575 million a year ago. Income from continuing operations was $72 million or $0.42 per diluted share compared to $415 million or $0.84 per diluted share a year ago. Net income attributable to company shareholders was $213 million or $0.43 per diluted share compared to $398 million or $0.80 per diluted share a year ago. Net cash provided from operations was $324 million compared to $440 million a year ago. Additions to property, plant and mine development was $277 million compared to $408 million a year ago. Adjusted net income was $249 million or $0.50 per diluted share compared to $217 million or $0.44 per diluted share a year ago. For nine months, the company reported sales of $5,275 million compared to $6,226 million a year ago. Income before income and mining tax and other items was $260 million compared to loss before income and mining tax and other items of $1,516 million a year ago. Income from continuing operations was $284 million or $1.02 per diluted share compared to loss of $1,576 million or $2.82 per diluted share a year ago. Net income attributable to company shareholders was $493 million or $0.99 per diluted share compared to loss of $1,137 million or $2.71 per diluted share a year ago. Net cash provided from operations was $879 million compared to $1,161 million a year ago. Additions to property, plant and mine development was $766 million compared to $1,528 million a year ago. Adjusted net income was $459 million or $0.92 per diluted share compared to $480 million or $0.97 per diluted share a year ago. For the third quarter, attributable gold and copper production of 1.15 million ounces and 13,700 tonnes, respectively, compared to 1.28 million ounces and 19,200 tonnes, respectively, in the prior year quarter. Gold and copper AISC was $995 per ounce and $6.61 per pound, respectively, compared with $1,018 per ounce and $3.24 per pound, respectively, in the prior year quarter. Gold and copper CAS were $705 per ounce and $5.73 per pound, respectively, compared with $668 per ounce and $2.41 per pound, respectively, in the third quarter of 2013. For the nine months, attributable gold and copper production of 3.58 million ounces compares to 3.61 million ounces in the prior year quarter. Gold and copper AISC was $1,031 per ounce and $4.74 per pound, respectively, compared with $1,140 per ounce and $5.21 per pound, respectively, in the prior year quarter. Gold and copper CAS were $733 per ounce and $3.75 per pound, respectively, compared with $774 per ounce and $4.23 per pound, respectively, in the third quarter of 2013. For the year 2014, Newmont continues to expect total attributable gold production of 4.7 to 5.0 million ounces at a lower CAS of $710 to $750 per ounce and a lower AISC of $1,020 to $1,080 per ounce. The Company also continues to expect total attributable copper production of 80,000 to 90,000 tonnes at CAS of $2.80 to $3.10 per pound and AISC of $3.50 to $3.80 per pound. Consolidated capital expenditures expected to be $1,050 to $1,220 million. Based on year-to-date GAAP profits, the full year tax rate is expected to be in the 17% to 22% range. Newmont's long-term tax rate outlook remains unchanged at 37% to 40%. For the year 2015, total attributable gold production of 4.5 to 4.7 million ounces at a lower CAS of $690 to $740 per ounce and a lower AISC of $1,000 to $1,080 per ounce at CAS of $1.30 to $1.60 per pound and AISC of $1.75 to $2.05 per pound. Consolidated capital expenditures expected to be $1,500 to $1,600 million. For the year 2016, total attributable gold production of 4.8 to 5.1 million ounces at a lower CAS of $720 to $760 per ounce and a lower AISC of $985 to $1,085 per ounce at CAS of $1.35 to $1.65 per pound and AISC of $1.85 to $2.15 per pound. Consolidated capital expenditures expected to be $1,080 to $1,250 million.

Newmont Mining Corporation Declares Quarterly Dividend, Payable on December 26, 2014

Newmont Mining Corporation announced its Board of Directors declared a quarterly dividend of $0.025 per share of common stock, payable on December 26, 2014, to holders of record at the close of business on December 5, 2014. The fourth quarter 2014 dividend is based on the average London P.M. Fix of $1,282 per ounce for the third quarter 2014.

 

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Valuation NEM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.9x
Price/Cash Flow 22.8x
TEV/Sales NM Not Meaningful
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