Past year: ▲ 40%(80.97 – 130.00 USD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2026material agreement▲ GoodMajor
Newmont and Barrick restructured their Nevada Gold Mines joint venture: Barrick's Fourmile project and Newmont's Fiberline and Mike projects will be contributed to the JV, with Newmont paying Barrick $1.95 billion cash and matching it with a $1.95 billion capital contribution against Barrick's roughly $3.11 billion - deepening the seven-year-old JV with a promising new deposit.
26 July 2024business combination● Neutral
Newmont filed the required unaudited pro forma financials showing its 2023 results as if the Newcrest acquisition had been in effect all year - a technical accounting filing, not a new development.
8 Mar 2024debt financing● Neutral
Newmont and Newcrest Finance closed a $2.0 billion private notes offering: $1.0 billion of 5.30% notes due 2026 and $1.0 billion of 5.35% notes due 2034. Net proceeds were about $1.98 billion, and Newmont intended to use part of them to repay its revolving credit facility.
22 Feb 2024debt financing● Neutral
Newmont expanded and extended its revolving credit facility (from $3.0 billion to $4.0 billion, maturity pushed to 2029) and drew $1.5 billion on it days later to repay bilateral debt it had assumed as part of the Newcrest acquisition.
29 Dec 2023debt financing● Neutral
Newmont exchanged roughly $1.6 billion of legacy Newcrest Finance notes (due 2030/2041/2050) for new Newmont-issued notes on the same terms, absorbing Newcrest's bonds the same way it had absorbed Goldcorp's in 2019.
6 Nov 2023asset acquisition disposition▲ GoodMajor
Newmont completed its acquisition of Newcrest Mining on November 6, 2023, issuing 0.400 Newmont shares (or equivalent depositary interests) per Newcrest share - Newcrest is now a wholly-owned subsidiary, making Newmont the world's largest gold miner.
4 Oct 2023business combination● Neutral
Newmont's special shareholder vote to approve share issuance for the Newcrest acquisition was set for October 11, 2023; two shareholder lawsuits were filed alleging the merger proxy omitted material information - routine deal litigation, not a threat to closing.
5 Sept 2023business combination● NeutralMajor
Newmont filed the final proxy statement for the Newcrest deal and set the stockholder meeting for October 11, 2023. The terms are unchanged (0.400 Newmont shares per Newcrest share, about 31%/69% Newcrest/existing split), but the deal agreement was amended by a letter deed dated September 4, 2023, and a deed poll was signed that day. The board unanimously recommends voting for the share issuance, which is required for the deal to proceed; the authorized share increase is not a closing condition. Closing is still expected in Q4 2023.
23 Aug 2023business combination● NeutralMajor
Newmont filed a preliminary proxy statement asking its stockholders to vote on the Newcrest acquisition agreed on May 15, 2023 (about $19 billion at announcement, 0.400 Newmont shares per Newcrest share). Votes are sought on issuing the shares, and on raising authorized common shares from 1,280,000,000 to 2,550,000,000. Former Newcrest holders would own about 31% of Newmont after closing, which is still expected in Q4 2023. Meeting date and some details are left blank pending the final version.
15 May 2023business combination▲ GoodMajor
Newmont agreed to acquire Australia's Newcrest Mining in an all-stock deal (0.400 Newmont shares per Newcrest share, via an Australian court-approved scheme of arrangement), expected to close in Q4 2023 - a major combination of two of the world's largest gold producers.
21 Dec 2021debt financing● Neutral
Newmont closed a $1 billion sale of 2.600% sustainability-linked senior notes due 2032, whose rate steps up if sustainability targets are missed. It intended to use the proceeds for tender offers on its 3.700% 2023 notes and Goldcorp's 2023 notes.
31 Mar 2021debt financing● Neutral
Newmont amended its 2019 revolving credit facility, extending its maturity from 2024 to 2026, preparing for the end of LIBOR, and adding an ESG-linked pricing adjustment tied to sustainability scores.
19 Mar 2020debt financing● Neutral
Newmont closed a $1 billion sale of 2.250% senior notes due 2030 on March 18, 2020, receiving about $985 million net. It planned to use the money to repurchase its 3.500% notes due 2022 and 3.700% notes due 2023, plus Goldcorp's 3.700% notes due 2023.
18 Dec 2019material agreement▲ GoodMajor
Newmont agreed to sell its 50% stake in the Kalgoorlie Super Pit joint venture to Northern Star for US$800 million cash, made up of a US$775 million completion payment and a US$25 million fee for an option to buy Newmont's power business. Completion was scheduled for January 2, 2020.
16 Sept 2019debt financing● Neutral
Newmont sold $700 million of new 2.800% notes due 2029, using the proceeds to repay $626 million of notes maturing the following month - routine refinancing.
29 Aug 2019material agreement● Neutral
Newmont restructured guarantee arrangements on its 2035 notes tied to the new Nevada Gold Mines joint venture: the JV briefly guaranteed the notes, then was released as guarantor after bondholders consented - a technical cleanup, not a change in Newmont's own debt obligations.
5 July 2019asset acquisition disposition▲ GoodMajor
The Newmont-Barrick Nevada joint venture became effective July 1, 2019 as Nevada Gold Mines LLC, formalized in an amended implementation agreement and a new LLC operating agreement - the tie-up announced in March is now up and running.
23 Apr 2019debt financing● Neutral
Newmont Goldcorp settled exchange offers on April 22, 2019, issuing about $1.73 billion of new notes (3.625% due 2021, 3.700% due 2023, 5.450% due 2044) for Goldcorp notes plus cash. About $274 million of the old Goldcorp notes stayed outstanding at Goldcorp.
22 Apr 2019asset acquisition disposition▲ GoodMajor
Newmont completed its acquisition of Goldcorp on April 18, 2019, paying 0.3280 Newmont shares plus $0.02 cash per Goldcorp share (about 285 million new Newmont shares issued) - Goldcorp is now a wholly-owned subsidiary.
15 Apr 2019business combination▲ GoodMajor
Canada cleared the Newmont-Goldcorp merger and Newmont confirmed it would seat five former Goldcorp directors on the combined board, clearing the last major hurdles; the companies expected to close around April 18, 2019.
10 Apr 2019debt financing● Neutral
Newmont entered a new $3.0 billion revolving credit facility with Citibank as administrative agent, expiring April 4, 2024, replacing its 2017 restated $3.0 billion facility. Letters of credit of up to $1.2 billion are a sub-limit within the $3.0 billion.
1 Apr 2019business combination● Neutral
Newmont settled a shareholder lawsuit alleging its Goldcorp merger proxy omitted material information, agreeing to add supplemental disclosures without admitting wrongdoing - a routine step clearing the way for the shareholder vote.
25 Mar 2019dividend declaration▲ Good
Newmont declared a one-time $0.88/share special dividend conditional on shareholders of both Newmont and Goldcorp approving their pending merger; Mexican antitrust regulators cleared the deal without conditions.
12 Mar 2019material agreement▲ GoodMajor
Newmont agreed to combine its Nevada mining operations with rival Barrick's in a new joint venture (61.5% Barrick / 38.5% Newmont, with Barrick as operator), and Barrick withdrew its earlier hostile all-stock takeover bid for Newmont as part of the same deal.
