Latest news with #TomPalmer
Yahoo
28-05-2025
- Business
- Yahoo
NEM, FNV, and WPM Primed for Gold Rush 2.0 as Geopolitics Fuel Hard Asset Boom
Amid rising geopolitical tensions, persistent inflation concerns, and growing skepticism about long-term fiscal discipline, investors increasingly seek stability in hard assets. The U.S. national debt has surpassed $36 trillion, with annual interest payments approaching $1 trillion. At the same time, central banks worldwide are significantly increasing their gold reserves, reflecting growing concerns about fiscal sustainability and potential currency devaluation. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In this uncertain macroeconomic environment, marked by rising deficits and increasing questions about the long-term strength of the U.S. dollar, gold has become an increasingly attractive asset. Against this backdrop, investors are turning to hard assets for stability, and three companies stand out as strong opportunities: Newmont Corporation (NEM), Franco-Nevada (FNV), and Wheaton Precious Metals (WPM). Each offers unique strengths and is well-positioned to benefit from rising gold prices and the broader shift toward safe-haven investments. Newmont is one of the most prominent players in the gold mining space. In fact, it is the world's largest by production, with a sprawling portfolio across four continents. Their latest report showed a 55% jump in adjusted EBITDA to $2.6 billion in Q1, driven by a 41% spike in realized gold prices, even if volumes fell 10%. That's the kind of leverage you want when gold's hovering around $2,700 an ounce, powered by central banks hoarding bullion and investors ditching shaky bonds. But besides Newmont coasting on high prices, they're also streamlining after their $16.8 billion Newcrest acquisition in 2023, integrating top-tier assets like Lihir in Papua New Guinea and Brucejack in Canada, which makes for another tailwind. However, scale brings complexity. Managing mines from Nevada to Ghana isn't a picnic, and unit cash costs crept up 5% last quarter. Still, CEO Tom Palmer remains laser-focused on 'sustainable and responsible mining,' which is winning ESG points. While that may sound insignificant to most, it actually matters to institutional investors. In the meantime, with U.S. debt-to-GDP pushing 120% and whispers of more quantitative easing, Newmont's diversified production (gold, copper, silver) makes it a rock-solid bet to capitalize on hard-asset demand. Currently, most analysts are bullish on NEM stock. The stock features a Moderate Buy consensus rating based on nine Buy and four Hold ratings assigned in the past three months. No analyst rates the stock a sell. NEM's average stock price target of $61.55 implies ~15% upside over the next twelve months, despite shares having already rallied 45% year-to-date. If Newmont is the muscle in the gold mining game, Franco-Nevada is the brains, playing the royalty and streaming angle with a portfolio so diversified it's practically a hedge fund for precious metals. Their Q1 numbers, posted earlier this month, showed revenue holding steady despite a dip in gold equivalent ounces, thanks to higher gold and silver prices. Now, note that Franco-Nevada is not the one that digs the dirt; they just bankroll miners and get a cut of the output, which shields them from cost inflation that plagues operators like Newmont. This essentially means that with mining revenues set to surge, don't the back of higher hold prices, margins will also climb, resulting in disproportionately higher profits. Arguably, Franco-Nevada operates a low-risk model. With no operational headaches, its free cash flow is set to surge in the coming quarters, enabling a substantial dividend hike and/or significant capital deployment toward buybacks. And again, the macro picture, with U.S. deficits projected to hit $2 trillion annually by 2030, screams currency debasement, which should keep pushing gold as a safe haven and thus increase Franco-Nevada's ability to scoop up new streams in a frothy market. The long-term outlook certainly seems favorable. On Wall Street, FNV stock carries a Moderate Buy consensus rating based on seven Buy, five Hold, and zero Sell ratings over the past three months. FNV's average stock price target of $182.33 implies approximately 8.5% upside potential over the next twelve months. Wheaton Precious Metals is Franco-Nevada's scrappy cousin, another streaming heavyweight who loves turning gold and silver into cash flow without touching a shovel. Their latest numbers boasted a 12% revenue uptick year-over-year, driven by 29 million ounces of silver and over 350,000 ounces of gold sold. They also shook off a $1 billion tax dispute with Canada, settled back in 2018, which had loomed over the sector. That resolution set a precedent, easing worries for peers like Franco-Nevada, too. Moreover, I like Wheaton's recent deal-making agility and activity overall. They've inked new streams on projects like Salobo in Brazil, locking in low-cost metal purchases while gold and silver prices climb. With global debt levels sparking fears of currency erosion, especially as the U.S. is to service a nearly $1 trillion annual interest bill, Wheaton's diversified portfolio and lean cost structure make it a nimble play. Its 0.73% dividend yield isn't flashy, but it's steady, and their balance sheet, with just $1.26 billion in debt, is rock-solid. Wheaton Precious Metals is currently covered by 15 Wall Street analysts, who appear quite bullish on the name. WPM stock carries a Strong Buy consensus rating, based on 14 Buys and just one Hold rating over the past three months. WPM's average stock price target of $88.28 implies ~2% upside potential over the next twelve months. The global financial system is showing signs of strain, with the U.S. government continuing to borrow at an unprecedented pace. Meanwhile, central banks around the world are purchasing record amounts of gold, signaling a growing shift toward tangible stores of value. In this environment, gold is evolving from a traditional hedge to an essential component of a resilient portfolio. Beyond owning physical gold, investors have compelling options through equities. Newmont offers the scale and leverage of a major miner, Franco-Nevada brings a low-risk royalty model, and Wheaton Precious Metals excels with its efficient streaming approach. Whether you're seeking the direct exposure of a producer or the capital-light advantage of a royalty/streaming company, these three stand out as strategic plays in a world increasingly questioning the stability of fiat currencies. Disclaimer & DisclosureReport an Issue 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
Business Insider
28-05-2025
- Business
- Business Insider
NEM, FNV, and WPM Primed for Gold Rush 2.0 as Geopolitics Fuel Hard Asset Boom
Amid rising geopolitical tensions, persistent inflation concerns, and growing skepticism about long-term fiscal discipline, investors increasingly seek stability in hard assets. The U.S. national debt has surpassed $36 trillion, with annual interest payments approaching $1 trillion. At the same time, central banks worldwide are significantly increasing their gold reserves, reflecting growing concerns about fiscal sustainability and potential currency devaluation. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In this uncertain macroeconomic environment, marked by rising deficits and increasing questions about the long-term strength of the U.S. dollar, gold has become an increasingly attractive asset. Against this backdrop, investors are turning to hard assets for stability, and three companies stand out as strong opportunities: Newmont Corporation (NEM), Franco-Nevada (FNV), and Wheaton Precious Metals (WPM). Each offers unique strengths and is well-positioned to benefit from rising gold prices and the broader shift toward safe-haven investments. Newmont Corporation (NYSE:NEM) | The Gold Mining Titan Newmont is one of the most prominent players in the gold mining space. In fact, it is the world's largest by production, with a sprawling portfolio across four continents. Their latest report showed a 55% jump in adjusted EBITDA to $2.6 billion in Q1, driven by a 41% spike in realized gold prices, even if volumes fell 10%. That's the kind of leverage you want when gold's hovering around $2,700 an ounce, powered by central banks hoarding bullion and investors ditching shaky bonds. But besides Newmont coasting on high prices, they're also streamlining after their $16.8 billion Newcrest acquisition in 2023, integrating top-tier assets like Lihir in Papua New Guinea and Brucejack in Canada, which makes for another tailwind. However, scale brings complexity. Managing mines from Nevada to Ghana isn't a picnic, and unit cash costs crept up 5% last quarter. Still, CEO Tom Palmer remains laser-focused on 'sustainable and responsible mining,' which is winning ESG points. While that may sound insignificant to most, it actually matters to institutional investors. In the meantime, with U.S. debt-to-GDP pushing 120% and whispers of more quantitative easing, Newmont's diversified production (gold, copper, silver) makes it a rock-solid bet to capitalize on hard-asset demand. Is Newmont Corporation a Buy, Sell, or Hold? Currently, most analysts are bullish on NEM stock. The stock features a Moderate Buy consensus rating based on nine Buy and four Hold ratings assigned in the past three months. No analyst rates the stock a sell. NEM's average stock price target of $61.55 implies ~15% upside over the next twelve months, despite shares having already rallied 45% year-to-date. Franco-Nevada (NYSE:FNV) | The Royalty King If Newmont is the muscle in the gold mining game, Franco-Nevada is the brains, playing the royalty and streaming angle with a portfolio so diversified it's practically a hedge fund for precious metals. Their Q1 numbers, posted earlier this month, showed revenue holding steady despite a dip in gold equivalent ounces, thanks to higher gold and silver prices. Now, note that Franco-Nevada is not the one that digs the dirt; they just bankroll miners and get a cut of the output, which shields them from cost inflation that plagues operators like Newmont. This essentially means that with mining revenues set to surge, don't the back of higher hold prices, margins will also climb, resulting in disproportionately higher profits. Arguably, Franco-Nevada operates a low-risk model. With no operational headaches, its free cash flow is set to surge in the coming quarters, enabling a substantial dividend hike and/or significant capital deployment toward buybacks. And again, the macro picture, with U.S. deficits projected to hit $2 trillion annually by 2030, screams currency debasement, which should keep pushing gold as a safe haven and thus increase Franco-Nevada's ability to scoop up new streams in a frothy market. The long-term outlook certainly seems favorable. Is Franco-Nevada a Buy, Sell, or Hold? On Wall Street, FNV stock carries a Moderate Buy consensus rating based on seven Buy, five Hold, and zero Sell ratings over the past three months. FNV's average stock price target of $182.33 implies approximately 8.5% upside potential over the next twelve months. Wheaton Precious Metals (NYSE:WPM) | The Streaming Sweet Spot Wheaton Precious Metals is Franco-Nevada's scrappy cousin, another streaming heavyweight who loves turning gold and silver into cash flow without touching a shovel. Their latest numbers boasted a 12% revenue uptick year-over-year, driven by 29 million ounces of silver and over 350,000 ounces of gold sold. They also shook off a $1 billion tax dispute with Canada, settled back in 2018, which had loomed over the sector. That resolution set a precedent, easing worries for peers like Franco-Nevada, too. Moreover, I like Wheaton's recent deal-making agility and activity overall. They've inked new streams on projects like Salobo in Brazil, locking in low-cost metal purchases while gold and silver prices climb. With global debt levels sparking fears of currency erosion, especially as the U.S. is to service a nearly $1 trillion annual interest bill, Wheaton's diversified portfolio and lean cost structure make it a nimble play. Its 0.73% dividend yield isn't flashy, but it's steady, and their balance sheet, with just $1.26 billion in debt, is rock-solid. Is Wheaton Precious Metals a Good Buy? Wheaton Precious Metals is currently covered by 15 Wall Street analysts, who appear quite bullish on the name. WPM stock carries a Strong Buy consensus rating, based on 14 Buys and just one Hold rating over the past three months. WPM's average stock price target of $88.28 implies ~2% upside potential over the next twelve months. The Golden Horizon The global financial system is showing signs of strain, with the U.S. government continuing to borrow at an unprecedented pace. Meanwhile, central banks around the world are purchasing record amounts of gold, signaling a growing shift toward tangible stores of value. In this environment, gold is evolving from a traditional hedge to an essential component of a resilient portfolio. Beyond owning physical gold, investors have compelling options through equities. Newmont offers the scale and leverage of a major miner, Franco-Nevada brings a low-risk royalty model, and Wheaton Precious Metals excels with its efficient streaming approach. Whether you're seeking the direct exposure of a producer or the capital-light advantage of a royalty/streaming company, these three stand out as strategic plays in a world increasingly questioning the stability of fiat currencies.
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
