Newmont's incoming CEO says no 'fire sale' coming for assets [Business News Network (BNN) Energy & Resources (Canada)]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Business News Network
Newmont's incoming CEO says no 'fire sale' coming for assets Newmont Goldcorp Corp. is ready to sit tight on asset sales, even if that means not reaching a previously announced goal of as much as US$1.5 billion in divestments. That’s according to Tom Palmer, the company’s incoming chief executive officer. The world’s largest gold producer will be focusing on optimizing its current assets and is happy overall with its portfolio, other than a previously announced sale of Red Lake in Canada, he said. “We’re in no rush to sell anything,” Palmer said in an interview Tuesday at the Denver Gold Forum. “There will be no fire sale in Newmont Goldcorp.” That’s a change of tone. Outgoing CEO Gary Goldberg said earlier this month Newmont was still planning to divest up to US$1.5 billion in assets following its US$10 billion acquisition of rival Goldcorp in April, taking advantage of higher gold prices. On Tuesday, Palmer said the company was forging ahead with its planned sale of Red Lake, a form
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News
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- Newmont (NEM) to Report Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
- West Red Lake Gold CEO Shane Williams: "Putting A Mine into Production is Something I've Done Before." [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 2/22/24 - In-Line
NEM
Sec Filings
- 4/12/24 - Form DEFA14A
- 4/5/24 - Form DEFA14A
- 3/19/24 - Form 3
- NEM's page on the SEC website