What is the name of the individual who oversees operations in a particular country for Newmont?Stanley Kome Komunt - National Director of Operations at Newmont ...
Mar 14,2025 | Corrine
Stanley Kome Komunt - National Director of Operations at Newmont Corporation | Professional Profile on LinkedIn.
Newcrest Mining Limited, trading under the symbols NCM on the ASX, TSX, and PNGX exchanges, has officially disclosed the execution of a structured plan today, facilitating the acquisition of Newcrest by Newmont Corporation, mediated through its subsidiary entity, Newmont Overseas Holdings Pty Ltd. This announcement was made on November 6th, 2023.
Leading Gold Mining Firms Ranked by Market Capitalization
# Entity Ticker Symbol
1 Newmont, topping the list with 1NEM
2 Agnico Eagle Mines, following closely with 2AEM
3 Barrick Gold, securing the third spot as 3GOLD
4 Wheaton Precious Metals, ranking fourth as 4WPM
Additional 57 entities listed below
Newmont Company undergoes a reincorporation process in the state of Delaware, emerging as Newmont Corporation, marking the official inception date for the organization. Subsequently, adopting the name Newmont Mining Corporation, the company commences public trading of its shares on the Curb Exchange.
Newmont Corporation Achieves Milestone: Acquisition of Newcrest Establishes It as the Premier Gold Mining Entity Globally. November 6th, 2023
Newcrest stands as the preeminent gold producer listed on the esteemed Australian Securities Exchange, ranking among the global giants in the gold mining industry. Renowned for our robust technical prowess, Newcrest excels in exploration endeavors, intricate deep underground block caving techniques, and refined metallurgical processing capabilities.
Assessment of Rival Entities
BHP Group Ltd's Central Office. Located in Australia. Employing 40,981 individuals. Market capitalization stands at $53.8 billion.
Barrick Gold Corporation's Headquarters. Based in Canada. Workforce of 24,600. Valued at $11.4 billion.
Gold Fields Ltd's Corporate Hub. Residing in South Africa. With a staff count of 6,297. Market worth amounting to $4.5 billion.
Jervois Global Ltd's Main Office. Established in Australia.
Regarding the future prospects of Newcrest shares, holders of Newcrest stock will be granted 0.4 shares of Newmont for each of their Newcrest shares that are recorded as held on the designated date of 30th October, 2023. The anticipated date for the execution of this acquisition stands at 6th November, 2023. Prior to that, on 26th October, 2023, the CHESS depositary interests (CDIs) of Newmont will commence trading on the Australian Securities Exchange (ASX). 16th Oct 2023
The prospective mine holds immense potential to ascend to the pinnacle as Australia's premier gold mine, forecasting an annual average output of an impressive 800,000 ounces (equivalent to 23,000 kilograms) of the precious metal. The expansive Ridgeway undertaking, a joint endeavor by Newcrest, encompasses the excavation of substantial reserves of both gold and copper beneath the earth's surface.
Summary of Dividend Distributions
On an annual basis, there are generally two dividend payments made (disregarding any special dividends), and the dividend coverage ratio stands at approximately 2.0.
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