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Newmont Corporation (NEM) concluded the recent trading session at $53.11, signifying a -0.04% move from its prior day's close.
VANCOUVER, BC / ACCESSWIRE / September 17, 2024 / Metallic Minerals Corp. (TSX.V:MMG)(OTCQB:MMNGF)("Metallic Minerals" or the "Company") announces that Newmont Corporation ("Newmont") has elected to exercise its 'top-up right' to purchase additional common shares in Metallic Minerals in order to maintain its 9.5% interest pursuant to its Investor Rights Agreement (the "IRA") dated May 18, 2023. Under the terms of the IRA, Newmont will purchase an aggregate of 577,776 common shares at a price of $0.36 per share (the "Top-Up Financing") reflecting the Company's July financing and certain other transactions completed over the past six months.
Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.
Gold miner Newmont Corporation (NYSE:NEM) is one of the best stocks on the New York Stock Exchange (NYSE) today, last seen up 3.6% to trade at $52.55.
NEM is selling its Telfer operation and Havieron project to Greatland Gold plc as part of its non-core asset divestiture strategy.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
While NEM's robust portfolio of projects and a healthy growth trajectory paint a promising picture, its high production costs warrant caution.
Here is how Newmont Corporation (NEM) and Sylvamo Corporation (SLVM) have performed compared to their sector so far this year.
Gold Terra Resource Corp (TSX-V:YGT, OTCQX:YGTFF) announced it has extended its option agreement with Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) subsidiaries to purchase the Con Mine, a historically significant gold-producing asset in the Yellowknife Gold Belt. The revised agreement gives Gold Terra an additional two years, for a total of six years, to meet the necessary conditions for the purchase of Miramar Northern Mining Ltd.
VANCOUVER, BC / ACCESSWIRE / September 9, 2024 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") is pleased to announce it has extended its four (4) year definitive option agreement (the "Option Agreement") with Newmont Canada FN Holdings ULC ("Newmont FN") and Miramar Northern Mining Ltd. ("MNML"), both wholly owned subsidiaries of Newmont Corporation ("Newmont"), to a six (6) year agreement which grants Gold Terra the option, upon meeting certain minimum requirements, to purchase MNML from Newmont FN (the "Transaction"), which includes 100% of all the assets, mineral leases, Crown mineral claims, and surface rights comprising the Con Mine, as well as the areas immediately adjacent to the Con Mine, as shown in Exhibit A (the "Con Mine Property").
The latest trading day saw Newmont Corporation (NEM) settling at $51.93, representing a +0.62% change from its previous close.