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Last $27.24 USD
Change Today -0.23 / -0.84%
Volume 5.2M
NEM On Other Exchanges
Symbol
Exchange
New York
Xetra
As of 6:40 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

newmont mining corp (NEM) Snapshot

Open
$27.40
Previous Close
$27.47
Day High
$27.56
Day Low
$27.18
52 Week High
05/20/15 - $27.90
52 Week Low
12/16/14 - $17.60
Market Cap
13.6B
Average Volume 10 Days
5.5M
EPS TTM
$1.27
Shares Outstanding
499.8M
EX-Date
06/9/15
P/E TM
21.4x
Dividend
$0.10
Dividend Yield
0.37%
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 operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand. As of December 31, 2014, it had proven and probable gold reserves of 82.2 million ounces and an aggregate land position of approximately 20,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado.

13,700 Employees
Last Reported Date: 02/20/15
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: $700.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $1.4M
Executive Vice President of Strategic Develop...
Total Annual Compensation: $595.0K
Executive Vice President and General Counsel
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

newmont mining corp (NEM) Key Developments

Newmont Mining Corporation Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Years 2015 and 2017

Newmont Mining Corporation announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company's sales were $1,972 million compared to $1,764 million a year ago. Income before income and mining tax and other items was $423 million compared to $143 million a year ago. Income from continuing operations was $221 million compared to $65 million a year ago. Net income was $229 million compared to $48 million a year ago. Net income attributable to the company stockholders was $183 million or $0.37 per basic and diluted share compared to $100 million or $0.20 per basic and diluted share a year ago. Net cash provided from operations was $625 million compared to $180 million a year ago. Additions to property, plant and mine development was $284 million compared to $235 million a year ago. Free cash flow was $344 million compared to negative $52 million a year ago. Net debt was $3,854 million compared to $5,286 million a year ago. Adjusted net income was $229 million, or $0.46 per basic and diluted share compared with $121 million, or $0.24 per basic and diluted share, for the prior year quarter. Adjusted EBITDA was $815 million compared to $493 million a year ago. Adjusted EBITDA was up 65% from the prior year quarter, benefiting from lower cost applicable to sales due to lower direct operating costs; lower fuel prices; a favorable Australian dollar-U.S. dollar exchange rate; and lower exploration, advanced projects and other expenses. For the quarter, the company reported total gold production was 1,213 kt compared to 1,210 kt a year ago. Total copper was 37 kt compared to 24 kt a year ago. Gold and copper AISC was $849 per ounce and $1.73 per pound, respectively, compared with $1,034 per ounce and $3.67 per pound, respectively, in the prior year quarter· Costs applicable to sales reported gold and copper CAS of $609 per ounce and $1.33 per pound, respectively, compared with $751 per ounce and $2.71 per pound, respectively, in the prior year quarter. Attributable production: Delivered 1.21 million ounces and 37,000 tonnes of attributable gold and copper production, respectively, compared to 1.21 million ounces and 24,000 tonnes, respectively, in the prior year quarter. The company provided production guidance for the full year 2015. For the full year, the company maintaining full year 2015 outlook between 4.6 and 4.9 million attributable ounces of gold, at CAS between $660 and $710 per ounce and AISC between $960 and $1,020 per ounce. Total 2015 CAS and AISC are unchanged, but the company’s revised outlook reflects a 3% reduction in Asia Pacific region costs, offsetting an increase in Africa costs. Boddington and Tanami CAS and AISC outlook for 2015 are lower than previous estimates due primarily to lower Australian dollar exchange rates and oil prices. The company is maintaining long-term guidance, which calls for gold production to increase from between 4.7 million and 5.1 million ounces by 2017.

Newmont Mining Corporation Declares Quarterly Dividend Payable on June 25, 2015

Newmont Mining Corporation announced its Board of Directors declared a quarterly dividend of $0.025 per share of common stock, payable on June 25, 2015, to holders of record at the close of business on June 11, 2015.

Newcrest’s Telfer Mines Reportedly Up For Grabs

Newcrest Mining Limited's (ASX:NCM) Telfer mines is up for grabs. Bank of America Merrill Lynch is said to have reached out to a wide range of potential bidders, such as Australia's Newmont Mining Corporation (NYSE:NEM), Northern Star Resources Limited (ASX:NST) and Regis Resources Limited (ASX:RRL), along with Gold Fields Ltd. (JSE:GFI) and Zijin Mining Group Co. Ltd. (SEHK:2899). One source said a smaller operator could scale down the country’s second largest goldmine to boost profitability.

 

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NEM:US $27.24 USD -0.23

NEM Competitors

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Company Last Change
Antofagasta PLC 746.00 GBp -10.00
Barrick Gold Corp $11.86 USD -0.14
Goldcorp Inc C$22.08 CAD -0.06
Teck Resources Ltd C$14.47 CAD -0.62
Zijin Mining Group Co Ltd CNY6.97 CNY +0.63
View Industry Companies
 

Industry Analysis

NEM

Industry Average

Valuation NEM Industry Range
Price/Earnings 22.6x
Price/Sales 1.8x
Price/Book 1.3x
Price/Cash Flow 8.2x
TEV/Sales 0.2x
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