Latest news with #NewmontCorporation
National Post
2 days ago
- Business
- National Post
Newmont Corporation Announces Tender Offers for up to $2 billion of Certain Outstanding Series of Notes
Article content DENVER — Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) announced today that it has commenced offers (each, a 'Tender Offer' and, collectively, the 'Tender Offers') to purchase for cash up to $2,000 million aggregate principal amount (the 'Aggregate Cap') of its outstanding series of notes listed in the table below (collectively, the 'Notes'). The Tender Offers are being made pursuant to the terms and subject to the conditions set forth in the offer to purchase, dated July 28, 2025 (the 'Offer to Purchase'). Article content Title of Security CUSIP Aggregate Principal Amount Outstanding Maximum Amount (1) Acceptance Priority Level (2) U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread Early Tender Payment (3)(4) Pool 1 Tender Offers 2.800% senior notes due 2029 651639AX4 $631,564,000 $1,000 million 1 3.500% UST due September 30, 2029 FIT6 +20 bps $50 2.250% senior notes due 2030 651639AY2 $813,198,000 2 4.625% UST due September 30, 2030 FIT6 +20 bps $50 3.250% notes due 2030 (5) 65163LAB5 / 65163LAH2 / 65163LAA7 / Q6684MAA1 / 65163LAG4 / Q6684MAD5 / Q66511AE8 / 65120FAD6 $536,601,000 3 0.625% UST due May 15, 2030 FIT6 +25 bps $50 Pool 2 Tender Offers 6.250% senior notes due 2039 651639AM8 $709,101,000 $1,000 million 1 4.250% UST due May 15, 2035 FIT1 +85 bps $50 4.875% senior notes due 2042 651639AP1 $961,648,000 2 5.000% UST due May 15, 2045 FIT1 +45 bps $50 5.750% notes due 2041 (6) 65163LAD1 / 65163LAK5 / 65163LAC3 / Q6684MAB9 / 65163LAJ8 / Q6684MAE3 / Q66511AB4 / 65120FAB0 $499,987,000 3 5.000% UST due May 15, 2045 FIT1 +55 bps $50 5.450% notes due 2044 (7) 651639AV8 / 380956AE2 $449,995,000 4 5.000% UST due May 15, 2045 FIT1 +55 bps $50 5.875% notes due 2035 651639AE6 / 651639AW6 $517,305,000 5 4.250% UST due May 15, 2035 FIT1 +55 bps $50 2.600% sustainability-linked notes due 2032 651639AZ9 $795,370,000 6 4.250% UST due May 15, 2035 FIT1 +10 bps $50 Article content Article content (1) The Pool 1 Maximum Amount of $1,000 million represents the maximum aggregate principal amount of Notes in respect of the Pool 1 Notes that may be purchased in the Pool 1 Tender Offers. The Pool 2 Maximum Amount of $1,000 million represents the maximum aggregate principal amount of Notes, in respect of the Pool 2 Notes that may be purchased in the Pool 2 Tender Offers. (2) Subject to the Aggregate Cap, the Maximum Amounts and proration, if applicable, the aggregate principal amount of each series of Notes that is purchased in each Tender Offer will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order) specified in this column. (3) Per $1,000 principal amount of Notes validly tendered prior to or at the Early Tender Date and accepted for purchase. (4) The Total Consideration for each series of Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is calculated using the applicable Fixed Spread and is inclusive of the applicable Early Tender Payment (as defined below). The Total Consideration for each series of Notes does not include the applicable Accrued Interest, which will be payable in addition to the applicable Total Consideration. (5) Notes with CUSIPs 65163LAB5, 65163LAH2, 65163LAA7, Q6684MAA1, 65163LAG4 and Q6684MAD5 are co-issued with Newcrest Finance Pty Limited. Notes with CUSIPs Q66511AE8 and 65120FAD6 are issued by Newcrest Finance Pty Limited. (6) Notes with CUSIPs 65163LAC3, Q6684MAB9, 65163LAJ8, Q6684MAE3, 65163LAD1 and 65163LAK5 are co-issued with Newcrest Finance Pty Limited. Notes with CUSIPs Q66511AB4 and 65120FAB0 are issued by Newcrest Finance Pty Limited. (7) Notes with CUSIP 380956AE2 are issued by Goldcorp Inc. Article content Each Tender Offer for a series of Notes is separate and distinct and will expire at 5:00 p.m., Eastern Time, on August 25, 2025 (such time and date, as the same may be extended with respect to a Tender Offer, the applicable 'Expiration Date'), unless such Tender Offer is terminated earlier by Newmont. Holders of the Notes must validly tender (and not validly withdraw) their Notes at or prior to 5:00 p.m., Eastern Time, on August 8, 2025 (such time and date, as it may be extended with respect to a Tender Offer, the applicable 'Early Tender Date'), to be eligible to receive the applicable Total Consideration (as defined below) for such series of Notes, which includes the applicable Early Tender Payment set forth in the table above. Holders of the Notes who validly tender their Notes following the Early Tender Date, but prior to or at the Expiration Date, will be eligible to receive the applicable 'Late Tender Offer Consideration' for such series of Notes, which is an amount equal to the applicable Total Consideration less the applicable Early Tender Payment. Tenders of the Notes may be validly withdrawn at any time at or prior to 5:00 p.m., Eastern Time, on August 8, 2025 (such time and date, as it may be extended with respect to a Tender Offer, the applicable 'Withdrawal Deadline'), but not thereafter, unless Newmont is required by applicable law to extend the Withdrawal Deadline. Article content The 'Total Consideration' per $1,000 principal amount of the Notes of a series validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the applicable Tender Offer will be determined in the manner described in the Offer to Purchase by reference to (i) the applicable fixed spread for such series of Notes set forth in the table above and (ii) the applicable yield for such series of Notes based on the bid-side price of the applicable U.S. Treasury Reference Security (the 'Reference Security') set forth in the table above, as displayed on the applicable page on the Bloomberg Reference Page FIT6 (with respect to the Pool 1 Tender Offers) and FIT1 (with respect to the Pool 2 Tender Offers), as applicable, at 10:00 a.m., Eastern Time, on August 11, 2025, as such date and time may be extended. In addition to the applicable Total Consideration or the applicable Late Tender Offer Consideration, as applicable, for such series of Notes, holders of Notes of such series accepted for purchase pursuant to the applicable Tender Offer will receive accrued and unpaid interest on the Notes accepted for purchase pursuant to the applicable Tender Offer from and including the most recent interest payment date to but excluding the applicable settlement date. Article content Payment for the Notes that are validly tendered (and not validly withdrawn) prior to or at the Early Tender Date and that are accepted for purchase may be made, at the Company's option, on the date referred to as the 'Early Settlement Date.' It is anticipated that the Early Settlement Date, if it occurs, will be on or around August 13, 2025, the third business day following the Early Tender Date (assuming the Early Tender Date is on August 8, 2025), unless extended or earlier terminated. If the Early Settlement Date occurs, payment for the Notes that are validly tendered after the Early Tender Date and prior to or at the Expiration Date and that are accepted for purchase will be made on the date referred to as the 'Final Settlement Date.' If no Early Settlement Date occurs, then payment for all the Notes that are validly tendered at any time prior to or at the Expiration Date and that are accepted for purchase will be made on the Final Settlement Date. The Final Settlement Date will be promptly following the Expiration Date. It is anticipated that the Final Settlement Date for the Notes will be on or around August 28, 2025, the third business day following the Expiration Date (assuming the Expiration Date is on August 25, 2025), unless extended or earlier terminated. Article content The applicable Maximum Amount limits the maximum aggregate principal amount of (i) Pool 1 Tender Offers to $1,000 million and (ii) the Pool 2 Tender Offers to $1,000 million, in each case, that may be purchased pursuant to the Tender Offers. Subject to applicable law, Newmont reserves the right, in its sole discretion, to increase, decrease or eliminate the Aggregate Cap and/or the applicable Maximum Amount for each series of Notes without extending the Early Tender Date, the Withdrawal Deadline or the Expiration Date. In addition, Newmont reserves the right, subject to applicable law, to (i) waive any and all conditions to any of the Tender Offers, (ii) extend or terminate any of the Tender Offers, (iii) increase or decrease the Aggregate Cap, (iv) increase or decrease either of the Maximum Amounts, or (v) otherwise amend any of the Tender Offers. The Company may take any action described in clauses (i) through (v) above with respect to one or more Tender Offers without having to do so for all Tender Offers. Subject to the Aggregate Cap, the Maximum Amounts and proration, if applicable, the Notes accepted for payment on the Early Tender Date or the Expiration Date, as applicable, will be accepted in accordance with the Acceptance Priority Levels set forth in the table above (with 1 being the highest Acceptance Priority Level and 3 being the lowest Acceptance Priority Level in the case of the Pool 1 Tender Offers and with 1 being the highest Acceptance Priority Level and 6 being the lowest Acceptance Priority Level in the case of the Pool 2 Tender Offers). Subject to the Aggregate Cap, the Maximum Amounts and proration, if applicable, all Notes validly tendered prior to or at the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Notes validly tendered prior to or at the Early Tender Date having a lower Acceptance Priority Level are accepted in each Tender Offer, and all Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Notes validly tendered after the Early Tender Date having a lower Acceptance Priority Level are accepted in each Tender Offer. However, subject to the Aggregate Cap, the Maximum Amounts and proration, if applicable, Notes validly tendered prior to or at the Early Tender Date will be accepted for purchase in priority to other Notes validly tendered after the Early Tender Date, even if such Notes validly tendered after the Early Tender Date have a higher Acceptance Priority Level than Notes validly tendered prior to or at the Early Tender Date in each Tender Offer. Article content Newmont's obligation to accept for purchase, and to pay for, the Notes that are validly tendered (and not validly withdrawn) pursuant to the Tender Offers is subject to the satisfaction or waiver by Newmont of certain conditions to the Tender Offers set forth in the Offer to Purchase. Each Tender Offer is not conditioned upon the completion of the other Tender Offers. In addition, the Tender Offers are not conditioned on any minimum aggregate principal amount of Notes of a series being tendered. Article content BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as the dealer managers in connection with the Tender Offers (collectively, the 'Dealer Managers'). D.F. King & Co., Inc. is acting as the information and tender agent in connection with the Tender Offers (the 'Information and Tender Agent'). Requests for assistance relating to the Tender Offers or for additional copies of the Offer to Purchase or other related documents may be directed to BMO Capital Markets Corp. at (212) 702-1840 (collect) and (833) 418-0762 (toll free), Goldman Sachs & Co. LLC at (212) 934-0773 (collect) and (800) 828-3182 (toll free) and J.P. Morgan Securities LLC at (212) 834-3554 (collect) and (866) 834-4666 (toll free) or to the Information and Tender Agent at (212) 257-2639 (banks and brokers) and (866) 342-4881 (toll free). Holders of the Notes may also contact their broker, dealer, commercial bank, trust company or other nominee or intermediary for assistance concerning the Tender Offers. Holders of the Notes are urged to review the Offer to Purchase for the detailed terms of the Tender Offers and the procedures for tendering their Notes. Article content Neither the Offer to Purchase nor any related documents have been filed with the U.S. Securities and Exchange Commission, nor have any such documents been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Offer to Purchase or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary. Article content This press release does not constitute an offer to purchase, or a solicitation of an offer to sell, or the solicitation of tenders or consents with respect to, the Notes or any other securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, purchase or sale would be unlawful. The Tender Offers are being made solely pursuant to the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. None of Newmont, the Dealer Managers, the Information and Tender Agent or the trustees with respect to the Notes makes any recommendation as to whether holders of the Notes should tender, or refrain from tendering, all or any portion of the principal amount of their Notes pursuant to the Tender Offers, and no one has been authorized by any of them to make such a recommendation. Holders of the Notes must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of their Notes to tender pursuant to the Tender Offers. Article content About Newmont Article content Newmont is the world's leading gold Company and producer of copper, zinc, lead, and silver. Newmont's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, Newmont has been publicly traded since 1925. Article content At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. Article content Cautionary Statement Regarding Forward Looking Statements: Article content This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which are intended to be covered by the safe harbor created by such sections and other applicable laws. All statements regarding the expiration and closing of the Tender Offers and future satisfaction of terms and subject to the conditions set forth in the offer to purchase that are not statements of historical fact are forward-looking statements. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including, but not limited to, general market conditions which might affect the Tender Offers and other factors identified in the offer to purchase and the Company's periodic reports. For a discussion of such risks and other factors that might impact future looking statements, see Newmont's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the 'SEC') on February 21, 2025, under the heading 'Risk Factors,' and other factors identified in Newmont's reports filed with the SEC, available on the SEC website or at Newmont does not undertake any obligation to release publicly revisions to any 'forward-looking statement,' including, without limitation, outlook, to reflect events or circumstances after the date of this press release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued 'forward-looking statement' constitutes a reaffirmation of that statement. Continued reliance on 'forward-looking statements' is at investors' own risk. Investors are also encouraged to review our Form 10-Q for the quarter ended June 30, 2025, filed on July 24, 2025. Article content Article content Article content Article content Article content Contacts Article content Investor Contact – Global Article content Article content Neil Backhouse Article content Article content Article content Article content Natalie Worley Article content Article content Article content Media Contact – Global Article content Article content Shannon Brushe Article content Article content Article content Article content
Yahoo
4 days ago
- Business
- Yahoo
Newmont (NEM) Jumps 6.89% on Better Income, Dividend News
We recently published . Newmont Corporation (NYSE:NEM) is one of the best-performing stocks on Friday. Newmont rallied for a second day on Friday, jumping 6.89 percent to close at $65.75 apiece as investor sentiment was bolstered by an impressive earnings performance and news that it will distribute cash dividends to its shareholders. In its earnings release, Newmont Corporation (NYSE:NEM) said net income attributable to shareholders in the second quarter of the year jumped by 142 percent to $2.06 billion from $853 million in the same period last year. Adjusted EBITDA also rose by 52 percent to $2.997 billion from $1.966 billion. Additionally, attributable gold production ended lower by 8 percent during the period at 1.48 million ounces versus 1.61 million ounces year-on-year, driven by the previously announced closing of non-core asset sales. However, the closure was partially offset by higher production from four other sites. Copyright: tomas1111 / 123RF Stock Photo The average realized gold price increased by 41 percent to $3,320 from $2,347 year-on-year. In other news, Newmont Corporation (NYSE:NEM) also declared a $0.25 cash dividend to each common shareholder as of September 4. The dividends will be payable on September 29. While we acknowledge the potential of NEM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Newmont (NEM) Jumps 6.89% on Better Income, Dividend News
We recently published . Newmont Corporation (NYSE:NEM) is one of the best-performing stocks on Friday. Newmont rallied for a second day on Friday, jumping 6.89 percent to close at $65.75 apiece as investor sentiment was bolstered by an impressive earnings performance and news that it will distribute cash dividends to its shareholders. In its earnings release, Newmont Corporation (NYSE:NEM) said net income attributable to shareholders in the second quarter of the year jumped by 142 percent to $2.06 billion from $853 million in the same period last year. Adjusted EBITDA also rose by 52 percent to $2.997 billion from $1.966 billion. Additionally, attributable gold production ended lower by 8 percent during the period at 1.48 million ounces versus 1.61 million ounces year-on-year, driven by the previously announced closing of non-core asset sales. However, the closure was partially offset by higher production from four other sites. Copyright: tomas1111 / 123RF Stock Photo The average realized gold price increased by 41 percent to $3,320 from $2,347 year-on-year. In other news, Newmont Corporation (NYSE:NEM) also declared a $0.25 cash dividend to each common shareholder as of September 4. The dividends will be payable on September 29. While we acknowledge the potential of NEM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Yahoo
5 days ago
- Business
- Yahoo
Discovery Announces Details of Second Quarter 2025 Conference Call and Webcast
TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) ('Discovery' or the 'Company') today announced that the Company will release its financial and operating results for the second quarter of 2025 prior to the market open on Tuesday, August 12, 2025. The Company will then host a conference call to review the results later that day, at 2:00 pm Eastern Time ("ET"). Those wishing to join the call can do so using the telephone numbers listed below. The call will also be webcast and available on the Company's website at Conference Call Details Date: Tuesday, August 12, 2025Time: 2 pm ETConference ID: 4823292Canada – Toronto: (647) 932-3411Canada - Toll-Free: (800) 715-9871USA / International Toll: +1 (646) 307-1963USA - Toll-Free: (800) 715-9871 Webcast url: ABOUT DISCOVERY Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the 100%-owned Cordero project, one of the world's largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont Corporation, transforming the Company into a new Canadian gold producer with multiple operations in one of the world's most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside. On Behalf of the Board of Directors, Tony Makuch, P. EngPresident, CEO & Director For further information contact: Mark Utting, CFASVP Investor RelationsPhone: 416-806-6298Email: in to access your portfolio
Globe and Mail
5 days ago
- Business
- Globe and Mail
Discovery Announces Details of Second Quarter 2025 Conference Call and Webcast
TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (' Discovery ' or the ' Company ') today announced that the Company will release its financial and operating results for the second quarter of 2025 prior to the market open on Tuesday, August 12, 2025. The Company will then host a conference call to review the results later that day, at 2:00 pm Eastern Time ("ET"). Those wishing to join the call can do so using the telephone numbers listed below. The call will also be webcast and available on the Company's website at Conference Call Details Date: Tuesday, August 12, 2025 Time: 2 pm ET Conference ID: 4823292 Canada – Toronto: (647) 932-3411 Canada - Toll-Free: (800) 715-9871 USA / International Toll: +1 (646) 307-1963 USA - Toll-Free: (800) 715-9871 Webcast url: ABOUT DISCOVERY Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the 100%-owned Cordero project, one of the world's largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont Corporation, transforming the Company into a new Canadian gold producer with multiple operations in one of the world's most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside. On Behalf of the Board of Directors, Tony Makuch, P. Eng President, CEO & Director
