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Last €15.12 EUR
Change Today -0.456 / -2.93%
Volume 8.9K
As of 2:17 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

newmont mining corp (NMM) Snapshot

Open
€15.59
Previous Close
€15.58
Day High
€15.70
Day Low
€15.09
52 Week High
01/30/15 - €26.28
52 Week Low
11/6/14 - €14.10
Market Cap
8.0B
Average Volume 10 Days
18.2K
EPS TTM
--
Shares Outstanding
529.1M
EX-Date
09/8/15
P/E TM
--
Dividend
€0.10
Dividend Yield
0.57%
Current Stock Chart for NEWMONT MINING CORP (NMM)

newmont mining corp (NMM) Related Businessweek News

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newmont mining corp (NMM) 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 (NMM) 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 (NMM) Key Developments

Newmont Mining Corporation Appoints Noreen Doyle to the Role of Vice Chair

On July 22, 2015, Newmont Mining Corporation approved the appointment of Noreen Doyle to the role of Vice Chair. Ms. Doyle has been a member of the Board since 2005 and currently serves as the Chair of the Audit Committee and as a member of the Corporate Governance and Nominating Committee. Ms. Doyle has prior experience on the boards of numerous other companies, including as the current vice chair and lead independent director of Credit Suisse Group and has previously been a board member of QinetiQ plc and Rexam PLC.

Newmont Mining Corporation Approves Amendments to the By-Laws

On July 22, 2015, the board of directors of Newmont Mining Corporation approved amendments to the corporation's by-laws to include language regarding the ability of the board to designate a vice chair; revise the quorum requirement relating meetings of the board to a majority of current directors; and utilize gender neutral language in accordance with the corporation's diversity and inclusion commitments and values.

Newmont Mining Corporation Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Production Guidance for the Year 2015; Provides Capital Expenditure Guidance for the Year 2015

Newmont Mining Corporation reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of $1,908 million against $1,765 million a year ago. Income before income and mining tax and other items was $298 million against $92 million a year ago. Income from continuing operations was $139 million against $147 million a year ago. Net income attributable to stockholders was $72 million or $0.14 per basic and diluted share against $180 million or $0.36 per basic and diluted share a year ago. Net income attributable to stockholders from continuing operations was $63 million or $0.13 per basic and diluted share against $182 million or $0.37 per basic and diluted share a year ago. Net cash provided by operations was $438 million against $375 million a year ago. Additions to property, plant and mine development was $322 million against $254 million a year ago. Adjusted net income was $131 million or $0.26 per basic and diluted share against $101 million or $0.20 per basic and diluted share a year ago. EBITDA was $656 million against $492 million a year ago. Adjusted EBITDA was $692 million against $525 million a year ago. Consolidated free cash flow was $119 million, including increased development capital spending at projects such as Merian and Long Canyon. For the six months, the company reported sales of $3,880 million against $3,529 million a year ago. Income before income and mining tax and other items was $721 million against $235 million a year ago. Income from continuing operations was $360 million against $212 million a year ago. Net income attributable to stockholders was $255 million or $0.51 per basic and diluted share against $280 million or $0.56 per basic and diluted share a year ago. Net income attributable to stockholders from continuing operations was $238 million or $0.48 per basic and diluted share against $299 million or $0.60 per basic and diluted share a year ago. Net cash provided by operations was $1,063 million against $555 million a year ago. Additions to property, plant and mine development was $606 million against $489 million a year ago. Adjusted net income was $361 million or $0.72 per basic and diluted share against $210 million or $0.42 per basic and diluted share a year ago. EBITDA was $1,453 million against $1,026 million a year ago. Adjusted EBITDA was $1,508 million against $1,017 million a year ago. Free cash flow now stands at $463 million, almost $400 million higher than the prior year period. For the quarter, the company’s average net realized gold and copper price was $1,179 per ounce and $2.41 per pound, respectively, compared with $1,283 per ounce and $3.01 per pound, respectively, in the prior year quarter. Attributable gold production totaled 1.24 million ounces, compared to 1.22 million ounces in the second quarter of 2014. Higher production at Batu Hijau and Tanami more than offset the impact of divesting Jundee and La Herradura. Including the pending sale of Waihi, Newmont will have generated approximately $1.6 billion in fair value asset sales since 2013 while maintaining attributable gold production. Attributable copper production totaled 41,000 tons compared to 20,000 tons in the year ago period due to higher grade ore at Batu Hijau. Gold and copper AISC was $909 per ounce and $1.61 per pound, respectively, compared with $1,063 per ounce and $3.69 per pound, respectively, in the prior year quarter. Gold and copper CAS were $638 per ounce and $1.20 per pound, respectively, compared with $744 per ounce and $2.53 per pound, respectively, in the second quarter of 2014. Unit costs benefitted from ongoing cost and efficiency improvements, lower fuel prices and favorable Australian dollar exchange rates, and improved production volumes, particularly at Batu Hijau and Yanacocha. For the six months, the company reported attributable gold production totaled 2.45 million ounces, compared to 2.43 million ounces in the six months quarter of 2014. Attributable copper production totaled 79 million tons compared to 44 million tons in the year ago period. For the year 2015, the company has updated its gold production and cost outlook to include the impact of Long Canyon Phase 1, the pending acquisition of CC&V, and pending sale of Waihi. Attributable gold production is expected to increase from between 4.7 and 5.1 million ounces in 2015 to between 5.2 and 5.5 million ounces by 2017. In 2015, expected attributable gold production is up 3% from prior guidance primarily due to the inclusion of CC&V as well as improved productivity and mill utilization at Tanami and higher production at Batu Hijau. Attributable copper production outlook for 2015 is also up roughly 10% from prior guidance due to improved grade and face position at Batu Hijau. The revised 2015 outlook includes a reduction in Asia Pacific and Africa region costs of approximately 6% each compared to previous guidance. Boddington and Tanami CAS and AISC outlook for 2015 are lower than previous estimates primarily due to lower oil prices and Australian dollar exchange rates, as well as efficiency improvements. Africa cost outlook for 2015 is improved due to lower direct spend related to power load shedding and processing of higher grade stockpiles. Consolidated AISC per ounce is expected to be between $920 and $980 in 2015, holding relatively steady at between $900 and $1,000 in 2017. Copper all-in sustaining costs per pound at Boddington are reduced in 2015 due to lower oil prices and Australian dollar exchange rates, as well as efficiency improvements. The long term outlook for copper production and costs remain unchanged for 2017. The updated 2015 outlook includes reduced capital spending at Carlin and Twin Creeks in Nevada, as well as Boddington and Batu Hijau in Asia Pacific mostly due to optimized mine plans, cost savings and some delayed spend, offset by additional capital spend at the newly acquired CC&V gold mine in Colorado. The company expects 2015 capital expenditure to be between $1.6 billion and $1.8 billion, in line with previous guidance.

 

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NMM Competitors

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Company Last Change
Antofagasta PLC 568.00 GBp +1.00
Barrick Gold Corp $6.70 USD -0.36
Goldcorp Inc C$17.45 CAD +0.99
Polyus Gold International Ltd 170.00 GBp -6.50
Zijin Mining Group Co Ltd CNY4.01 CNY +0.01
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Industry Analysis

NMM

Industry Average

Valuation NMM Industry Range
Price/Earnings 17.7x
Price/Sales 1.1x
Price/Book 0.8x
Price/Cash Flow 6.1x
TEV/Sales NM Not Meaningful
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