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Yahoo
26-05-2025
- Business
- Yahoo
Newmont Celebrates 10th Anniversary of Red Chris Mine with $8 Million Contribution to Three Tahltan Communities
VANCOUVER, Canada, May 26, 2025--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont") has announced an CAD $8 million community investment to benefit the Tahltan Nation as part of its celebration of the tenth anniversary of the Red Chris Mine. The investment, which will benefit the communities of Telegraph Creek, Dease Lake and Iskut, was announced during a special event on Saturday, May 24th in Dease Lake, British Columbia held in commemoration of the successful co-management of the mine with the Tahltan Nation. The investment will fund a range of projects aimed at improving community well-being, including the development of community-use spaces, recreation facilities, and greenhouse space. A portion of the investment will also support planning and pre-development efforts to improve housing in each community. The Red Chris Mine is an open-pit copper and gold mine that has become a key economic pillar in Tahltan territory, employing approximately 220 Tahltans and generating approximately $100 million annually in business with the Tahltan Nation Development Corporation (TNDC). In addition, the mine pays annual royalties to the Tahltan Heritage Trust and contributes mineral tax revenue to the Province of British Columbia which is shared directly with the Tahltan Nation. The Red Chris Mine is managed in close partnership with Tahltan Nation through an Impact Benefit and Co-Management Agreement ensuring that Tahltan expertise, perspectives, and values guide the operation, and serving as a leading example of reconciliatory resource development. Rich in the critical minerals that the world uses for electrification, emerging technologies, and to manufacture the products we use every day, Tahltan Territory and the Red Chris Mine have long been a key contributor to the British Columbia economy. Newmont looks forward to building on the legacy of the past ten years as we grow the relationship with Tahltan Nation and aspire for success together in the future. QUOTES: "Newmont acquired the Red Chris Mine in November 2023, and we know that our projects and operations can only succeed when the communities that host them are also thriving. Today, we celebrate our partnership with Tahltan Nation and shared stewardship at Red Chris. Through this community contribution we extend our gratitude for the collaboration Tahltan Nation has helped to foster here as we also show our commitment to a shared vision and shared prosperity for the future." – Tom Palmer, CEO, Newmont "I feel heard. My conversation with Tom Palmer, CEO of Newmont, is becoming reality. This announcement comes from advocating for community contributions, which demonstrates a meaningful and longstanding commitment to our communities. This $8 million contribution gets us started on a series of projects that will enrich all our communities. It is another step toward ensuring every Tahltan child, youth, adult, and Elder directly benefits from resource development in our territory. Also, steps were taken to consult with our members to determine our community needs. Because of Newmont's continued efforts, we can celebrate the 10-year anniversary of Red Chris Mine. We would also like to celebrate the 40th year anniversary of Tahltan Nation Development Corporation. I am so thankful and proud of all Tahltan and non-Tahltan employees who have built this company through hard work and dedication to make our business a success."– President Beverly Slater, Tahltan Central Government "As we mark Red Chris' 10-year anniversary, I am reminded of the importance of partnership and collaboration. During the COVID-19 pandemic, Red Chris stepped up to support our communities in meaningful ways, including providing testing and other essential services. Their commitment to our well-being and community development is a testament to their dedication to being a responsible and respectful partner. I look forward to continuing our close collaboration, especially since Iskut is Red Chris's nearest neighbor." – Chief Marie Quock, Iskut Band "On Red Chris' 10th year in Tahltan Territory, we honor our partnership, growth, and shared responsibility. Together, we have overcome challenges, celebrated successes, and built mutual respect. Let us stay committed and aim for sustainable prosperity for our people and land ahead." – Chief Richard (Rocky) Jackson, Tahltan Band "It's great to see this investment flowing back to the communities that help make projects like Red Chris possible. The Tahltan Nation has long led the way in showing how responsible development can protect the land, honour culture, and benefit local people. Through co-management with Newmont, Tahltan values are woven into the way this mine operates every day." – Hon. Jagrup Brar, British Columbia Minister of Mining and Critical Minerals "This anniversary is more than a milestone—it is a reflection of how far the Tahltan Nation has come in rising up, stepping forward, and taking control of its future. TNDC's partnership with Newmont is not just about collaboration—it is about building capacity, leading the way, and creating long-term opportunities for Tahltans, for generations to come." – Todd den Engelsen, CEO, Tahltan Nation Development Corporation (TNDC) "The incredible success story of co-management and business partnership at the Red Chris Mine is a testament to Tahltan Nation's leadership and values around balancing economic development with environmental protection and the vibrant entrepreneurial spirit of the Tahltan people. It is a model unparalleled in the world, built on the determination and forethought of various Tahltan leaders over time who have each made important contributions and then passed the torch onwards." – Abdul Rahman Amoadu, Managing Director - Africa & Canada, Newmont About Newmont Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company'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, the Company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to View source version on Contacts Media Contact – CanadaKeivan HirjiPhone: 1(778) 834-0688Email: 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
26-05-2025
- Business
- Yahoo
Newmont Celebrates 10th Anniversary of Red Chris Mine with $8 Million Contribution to Three Tahltan Communities
VANCOUVER, Canada, May 26, 2025--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont") has announced an CAD $8 million community investment to benefit the Tahltan Nation as part of its celebration of the tenth anniversary of the Red Chris Mine. The investment, which will benefit the communities of Telegraph Creek, Dease Lake and Iskut, was announced during a special event on Saturday, May 24th in Dease Lake, British Columbia held in commemoration of the successful co-management of the mine with the Tahltan Nation. The investment will fund a range of projects aimed at improving community well-being, including the development of community-use spaces, recreation facilities, and greenhouse space. A portion of the investment will also support planning and pre-development efforts to improve housing in each community. The Red Chris Mine is an open-pit copper and gold mine that has become a key economic pillar in Tahltan territory, employing approximately 220 Tahltans and generating approximately $100 million annually in business with the Tahltan Nation Development Corporation (TNDC). In addition, the mine pays annual royalties to the Tahltan Heritage Trust and contributes mineral tax revenue to the Province of British Columbia which is shared directly with the Tahltan Nation. The Red Chris Mine is managed in close partnership with Tahltan Nation through an Impact Benefit and Co-Management Agreement ensuring that Tahltan expertise, perspectives, and values guide the operation, and serving as a leading example of reconciliatory resource development. Rich in the critical minerals that the world uses for electrification, emerging technologies, and to manufacture the products we use every day, Tahltan Territory and the Red Chris Mine have long been a key contributor to the British Columbia economy. Newmont looks forward to building on the legacy of the past ten years as we grow the relationship with Tahltan Nation and aspire for success together in the future. QUOTES: "Newmont acquired the Red Chris Mine in November 2023, and we know that our projects and operations can only succeed when the communities that host them are also thriving. Today, we celebrate our partnership with Tahltan Nation and shared stewardship at Red Chris. Through this community contribution we extend our gratitude for the collaboration Tahltan Nation has helped to foster here as we also show our commitment to a shared vision and shared prosperity for the future." – Tom Palmer, CEO, Newmont "I feel heard. My conversation with Tom Palmer, CEO of Newmont, is becoming reality. This announcement comes from advocating for community contributions, which demonstrates a meaningful and longstanding commitment to our communities. This $8 million contribution gets us started on a series of projects that will enrich all our communities. It is another step toward ensuring every Tahltan child, youth, adult, and Elder directly benefits from resource development in our territory. Also, steps were taken to consult with our members to determine our community needs. Because of Newmont's continued efforts, we can celebrate the 10-year anniversary of Red Chris Mine. We would also like to celebrate the 40th year anniversary of Tahltan Nation Development Corporation. I am so thankful and proud of all Tahltan and non-Tahltan employees who have built this company through hard work and dedication to make our business a success."– President Beverly Slater, Tahltan Central Government "As we mark Red Chris' 10-year anniversary, I am reminded of the importance of partnership and collaboration. During the COVID-19 pandemic, Red Chris stepped up to support our communities in meaningful ways, including providing testing and other essential services. Their commitment to our well-being and community development is a testament to their dedication to being a responsible and respectful partner. I look forward to continuing our close collaboration, especially since Iskut is Red Chris's nearest neighbor." – Chief Marie Quock, Iskut Band "On Red Chris' 10th year in Tahltan Territory, we honor our partnership, growth, and shared responsibility. Together, we have overcome challenges, celebrated successes, and built mutual respect. Let us stay committed and aim for sustainable prosperity for our people and land ahead." – Chief Richard (Rocky) Jackson, Tahltan Band "It's great to see this investment flowing back to the communities that help make projects like Red Chris possible. The Tahltan Nation has long led the way in showing how responsible development can protect the land, honour culture, and benefit local people. Through co-management with Newmont, Tahltan values are woven into the way this mine operates every day." – Hon. Jagrup Brar, British Columbia Minister of Mining and Critical Minerals "This anniversary is more than a milestone—it is a reflection of how far the Tahltan Nation has come in rising up, stepping forward, and taking control of its future. TNDC's partnership with Newmont is not just about collaboration—it is about building capacity, leading the way, and creating long-term opportunities for Tahltans, for generations to come." – Todd den Engelsen, CEO, Tahltan Nation Development Corporation (TNDC) "The incredible success story of co-management and business partnership at the Red Chris Mine is a testament to Tahltan Nation's leadership and values around balancing economic development with environmental protection and the vibrant entrepreneurial spirit of the Tahltan people. It is a model unparalleled in the world, built on the determination and forethought of various Tahltan leaders over time who have each made important contributions and then passed the torch onwards." – Abdul Rahman Amoadu, Managing Director - Africa & Canada, Newmont About Newmont Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company'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, the Company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to View source version on Contacts Media Contact – CanadaKeivan HirjiPhone: 1(778) 834-0688Email: Sign in to access your portfolio
Business Wire
26-05-2025
- Business
- Business Wire
Anniversary of Red Chris Mine with $8 Million Contribution to Three Tahltan Communities
VANCOUVER, Canada--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ('Newmont') has announced an CAD $8 million community investment to benefit the Tahltan Nation as part of its celebration of the tenth anniversary of the Red Chris Mine. The investment, which will benefit the communities of Telegraph Creek, Dease Lake and Iskut, was announced during a special event on Saturday, May 24 th in Dease Lake, British Columbia held in commemoration of the successful co-management of the mine with the Tahltan Nation. The investment will fund a range of projects aimed at improving community well-being, including the development of community-use spaces, recreation facilities, and greenhouse space. A portion of the investment will also support planning and pre-development efforts to improve housing in each community. The Red Chris Mine is an open-pit copper and gold mine that has become a key economic pillar in Tahltan territory, employing approximately 220 Tahltans and generating approximately $100 million annually in business with the Tahltan Nation Development Corporation (TNDC). In addition, the mine pays annual royalties to the Tahltan Heritage Trust and contributes mineral tax revenue to the Province of British Columbia which is shared directly with the Tahltan Nation. The Red Chris Mine is managed in close partnership with Tahltan Nation through an Impact Benefit and Co-Management Agreement ensuring that Tahltan expertise, perspectives, and values guide the operation, and serving as a leading example of reconciliatory resource development. Rich in the critical minerals that the world uses for electrification, emerging technologies, and to manufacture the products we use every day, Tahltan Territory and the Red Chris Mine have long been a key contributor to the British Columbia economy. Newmont looks forward to building on the legacy of the past ten years as we grow the relationship with Tahltan Nation and aspire for success together in the future. QUOTES: 'Newmont acquired the Red Chris Mine in November 2023, and we know that our projects and operations can only succeed when the communities that host them are also thriving. Today, we celebrate our partnership with Tahltan Nation and shared stewardship at Red Chris. Through this community contribution we extend our gratitude for the collaboration Tahltan Nation has helped to foster here as we also show our commitment to a shared vision and shared prosperity for the future.' – Tom Palmer, CEO, Newmont 'I feel heard. My conversation with Tom Palmer, CEO of Newmont, is becoming reality. This announcement comes from advocating for community contributions, which demonstrates a meaningful and longstanding commitment to our communities. This $8 million contribution gets us started on a series of projects that will enrich all our communities. It is another step toward ensuring every Tahltan child, youth, adult, and Elder directly benefits from resource development in our territory. Also, steps were taken to consult with our members to determine our community needs. Because of Newmont's continued efforts, we can celebrate the 10-year anniversary of Red Chris Mine. We would also like to celebrate the 40th year anniversary of Tahltan Nation Development Corporation. I am so thankful and proud of all Tahltan and non-Tahltan employees who have built this company through hard work and dedication to make our business a success.' – President Beverly Slater, Tahltan Central Government "As we mark Red Chris' 10-year anniversary, I am reminded of the importance of partnership and collaboration. During the COVID-19 pandemic, Red Chris stepped up to support our communities in meaningful ways, including providing testing and other essential services. Their commitment to our well-being and community development is a testament to their dedication to being a responsible and respectful partner. I look forward to continuing our close collaboration, especially since Iskut is Red Chris's nearest neighbor." – Chief Marie Quock, Iskut Band "On Red Chris' 10th year in Tahltan Territory, we honor our partnership, growth, and shared responsibility. Together, we have overcome challenges, celebrated successes, and built mutual respect. Let us stay committed and aim for sustainable prosperity for our people and land ahead." – Chief Richard (Rocky) Jackson, Tahltan Band 'It's great to see this investment flowing back to the communities that help make projects like Red Chris possible. The Tahltan Nation has long led the way in showing how responsible development can protect the land, honour culture, and benefit local people. Through co-management with Newmont, Tahltan values are woven into the way this mine operates every day.' – Hon. Jagrup Brar, British Columbia Minister of Mining and Critical Minerals 'This anniversary is more than a milestone—it is a reflection of how far the Tahltan Nation has come in rising up, stepping forward, and taking control of its future. TNDC's partnership with Newmont is not just about collaboration—it is about building capacity, leading the way, and creating long-term opportunities for Tahltans, for generations to come.' – Todd den Engelsen, CEO, Tahltan Nation Development Corporation (TNDC) 'The incredible success story of co-management and business partnership at the Red Chris Mine is a testament to Tahltan Nation's leadership and values around balancing economic development with environmental protection and the vibrant entrepreneurial spirit of the Tahltan people. It is a model unparalleled in the world, built on the determination and forethought of various Tahltan leaders over time who have each made important contributions and then passed the torch onwards.' – Abdul Rahman Amoadu, Managing Director - Africa & Canada, Newmont About Newmont Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company'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, the Company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to
Business Wire
15-05-2025
- Business
- Business Wire
Newmont Publishes 2024 Sustainability and Taxes & Royalties Reports
DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today published its 2024 Sustainability Report and its 2024 Taxes & Royalties Contribution Report emphasizing the company's environmental, social and governance (ESG) performance and fiscal transparency over the past year. Commenting on Newmont's contributions to sustainable and responsible mining, Chief Executive Officer Tom Palmer said: 'In 2024, we continued to strengthen our position as the world's leading gold company while embedding sustainability across all aspects of our business. These reports highlight how we are realizing our potential by operating responsibly, fostering resilience in our workforce and host communities, and delivering long-term value for all stakeholders. In generating $16 billion in economic contributions for the people and communities in which we operate, we are living our purpose to create value and improve lives through sustainable and responsible mining.' Highlights of Newmont's 2024 Sustainability Report: Led the mining sector on the Dow Jones Sustainability Index for the ninth consecutive year. Spent $2.6 billion with local suppliers. Women represented 33% of our senior leadership and 50% of our Executive Leadership Team. Earned both The Copper Mark and The Molybdenum Mark at Cadia, certifications for responsible mining practices. Reclaimed 192 hectares of land, exceeding our target by 30 hectares. Conducted a comprehensive safety systems review following the tragic loss of five colleagues within a 12-month period, paving the way for our commitment to driving an 'always safe' approach in 2025 and beyond. Newmont's 2024 Sustainability Report was prepared in accordance with the GRI (Global Reporting Initiative) Standards including the G4 Mining and Metals Sector Disclosure, and the Sustainability Accounting Standards Board (SASB) Metals & Mining Standard. Select publicly reported material data was externally assured, reflecting Newmont's commitment to transparency and reporting obligations as a founding member of the International Council on Mining and Metals (ICMM) and as an early adopter of the UN Guiding Principles Reporting Framework. Highlights of Newmont's 2024 Taxes & Royalties Contribution Report: $16 billion in total economic contributions, including: $1.9 billion paid in taxes and royalties to governments, representing nearly 12% of total economic value distributed. $69 million invested in community projects and programs. These reports reflect Newmont's commitment to continuous improvement, proactive risk management and meaningful partnerships, as we strive to create positive, lasting impacts in the communities where we operate. To learn more about Newmont's approach to sustainability and related disclosures, visit About Newmont Newmont is the world's leading gold Company and producer of copper, zinc, lead, and silver. The Company'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, the company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to
Yahoo
10-05-2025
- Business
- Yahoo
Newmont Announces a Decrease in its Holdings of Discovery Silver Corp.
Early Warning Disclosure DENVER, May 9, 2025 /CNW/ - Newmont Corporation (NYSE: NEM) (TSX: NGT) (ASX: NEM) (PNGX: NEM) ("Newmont" or the "Company") announced today a decrease in its holdings of common shares ("Common Shares") in the capital of Discovery Silver Corp. ("Discovery"). On May 8, 2025 , Goldcorp Inc. ("G Inc."), a subsidiary of Newmont, sold 50,500,000 Common Shares for aggregate consideration of approximately CAD $124.07 million, or CAD $2.457 per Common Share. The disposition occurred through the facilities of the Toronto Stock Exchange. Immediately prior to the disposition, Newmont beneficially held 119,716,667 Common Shares, representing approximately 14.95% of the issued and outstanding Common Shares. Following the disposition, Newmont beneficially holds 79,216,667 Common Shares, representing approximately 8.64% of the issued and outstanding Common Shares. Newmont will evaluate its investment in Discovery from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings as circumstances require through market transactions, private agreements, or otherwise. This press release is issued pursuant to the early warning provisions of Canadian securities legislation. To obtain a copy of the Early Warning Report filed by Newmont under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, please contact Neil Backhouse at +1 (303) 837-5002 Newmont's address is 6900 E Layton Avenue, Suite 700, Denver, CO 80237. Discovery is listed on the TSX and its address is 55 University Avenue, Suite701, Toronto, ON Canada, M5J 2H7. About Newmont Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company'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, the Company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to SOURCE Newmont Corporation View original content: Sign in to access your portfolio
