NEM News & Events

Newmont Corporation welcomes the Province of British Columbia's approval of "key regulatory authorizations" for the Red Chris Block Cave project. "The approvals enable the transition of the Red Chris Mine from current open-pit operations to block caving, allowing an extension of mine life into the mid-2040s. They mark a significant milestone in stage-gating as Newmont advances toward a final investment decision later this year. The Province's approvals include an amended Environmental Assessment Certificate, achieved through a consent-based process with the Tahltan Nation, as well as an amended Mines Act permit. The Red Chris mineral endowment offers decades of further upside potential beyond this initially permitted phase," the company stated.

Gold Royalty (GROY) announced the acquisition of an additional interest in an existing royalty over the Ren project. The company has acquired an additional indirect 0.1875% net smelter return royalty, or NSR, interest over the Ren project for total cash consideration of $6.25M. This is in addition to the existing indirect 1.50% NSR interest held on the same terms. As a result, the company's net interests over the Ren project have increased to a 1.6875% indirect NSR and a 3.5% net profit interest. The Ren project is a development-stage project located in Nevada, owned by Nevada Gold Mines, a joint venture between Barrick Mining (B) and Newmont (NEM), and operated by Barrick. Barrick has announced that it expects to achieve first production at Ren in 2026 and ramp up to full production by year-end 2027, with an annual forecasted average gold production of 140,000 ounces.

Newmont announced leadership appointments that further shape its go-forward Executive Leadership Team under President and CEO Natascha Viljoen and reflect the depth of leadership talent within the company. Effective July 1, Brian Tabolt has been appointed CFO, Mark Rodgers has been appointed COO, and David Thornton has been appointed CTO. In addition, David Fry has been promoted to Executive Vice President, Project Development, reflecting the importance of disciplined project development and execution as Newmont advances its highest-return growth opportunities.