Newmont Upgraded to A3 Rating by Moody's

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") today announced that Moody's Ratings ("Moody's") has upgraded Newmont's issuer credit rating to A3 from Baa1, with a stable outlook. The upgrade is supported by Newmont's improved credit profile, strengthened balance sheet, excellent liquidity position, and prudent financial management.

"The upgrade from Moody's underscores the strength of Newmont's balance sheet and our commitment to a disciplined, balanced approach to capital allocation," said Tom Palmer, Newmont's Chief Executive Officer. "Over the past several years, Newmont has significantly reduced gross debt, maintained a stable dividend framework, and advanced a capital allocation strategy designed to deliver long-term value. Maintaining a strong and investment-grade balance sheet is core to this strategy, and we remain confident in our ability to generate robust free cash flow across a range of gold price environments."

Newmont ended the second quarter of 2025 with $6.2 billion of consolidated cash and $10.2 billion of liquidity. The Company's capital allocation priorities remain unchanged, balancing financial strength and flexibility with steady reinvestment in the business, while also delivering strong shareholder returns through regular dividends and share repurchases.

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 www.newmont.com .

Cautionary Statement Regarding Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of applicable securities laws that are intended to be covered by the safe harbors created by Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and other securities legislation, including, without limitation, statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "potential" or other variations thereof or comparable terminology. Forward-looking statements include expectations of future balance sheet strength and free cash flow generation. Forward-looking statements are subject to other factors that could cause actual results to differ materially from expected results. Investors should not place undue reliance on forward-looking statements. A number of factors that could cause actual results to differ materially from any forward-looking statement. There can be no assurance that any rating currently assigned by rating agencies to Newmont will remain unchanged for any given period of time or that a rating will not be lowered if, in that rating agency's judgment, future circumstances relating to the basis of the rating so warrant. For a discussion of such risks relating to Newmont's business and other factors, see its most recent Form 10-K, filed with the Securities and Exchange Commission under the headings "Risk Factors", including, without limitation, under the subheading "Any downgrade in the credit ratings assigned to our debt securities could increase our future borrowing costs and adversely affect the availability of new financing", and "Forward-Looking Statements." Newmont does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.

Investor Contact – Global
Neil Backhouse
investor.relations@newmont.com

Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com

Media Contact – Global
Shannon Brushe
globalcommunications@newmont.com

Media Contact – Asia Pacific
Rosalie Cobai
australiacommunications@newmont.com

News Provided by Business Wire via QuoteMedia

NEM
The Conversation (0)

Newmont

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.

Awalé Update: Newmont to Exercise 10% Minority Interest Option on the Odienné Joint Venture

Awalé Update: Newmont to Exercise 10% Minority Interest Option on the Odienné Joint Venture

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") announces that Newmont Ventures Limited, a wholly owned subsidiary of Newmont Corporation (NYSE: NEM) (TSX: NGT) (ASX: NEM) (PNGX: NEM) ("Newmont"), has provided notice of its intention to acquire the 10% minority equity interest in the Odienné Joint Venture (JV) Project in Côte d'Ivoire (see Figure 1). The minority interest is currently held by the shareholders of Africa New Geological Technologies Côte d'Ivoire SARL ("ANGET"). This notice is in accordance with the Exploration Agreement with Venture Option, signed on May 27, 2022 (see May 31, 2022 news release), and follows Newmont's recent completion of Phase 1 of its Earn-In, which has vested it with a 51% controlling interest in the joint venture.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Frontier Energy

Highly Experienced Renewable Energy Debt Advisor Appointed

Frontier Energy Limited (ASX: FHE; OTCQB: FRHYF) (Frontier or the Company) is pleased to advise of its appointment of Leeuwin Capital Partners (Leeuwin) as debt advisor for the Stage One development of the Waroona Renewable Energy Project (Project). Stage One will comprise a 120MWdc solar facility with an integrated four-hour 80MW battery.

Keep reading...Show less
White Gold Corp. Intercepts 5.04 g/t Au over 20.85m in Western Extension of Near Surface High-Grade Gold Zone & Identifies Additional Gold Occurrences in the Sulphide Domain at Betty Ford Target, White Gold District, Yukon, Canada

White Gold Corp. Intercepts 5.04 g/t Au over 20.85m in Western Extension of Near Surface High-Grade Gold Zone & Identifies Additional Gold Occurrences in the Sulphide Domain at Betty Ford Target, White Gold District, Yukon, Canada

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce results for 2023 exploration diamond drilling at the Betty Ford target on the Betty property (Figure 1). Assay results for hole BETFD23D015 include 5.04 gt Au over 20.85 m within the near-surface oxide domain from 18.65 m depth, including two higher-grade subintervals grading 13.34 gt Au over 2.30 m and 11.47 gt Au over 2.05 m. A zone of gold mineralization was also encountered deeper within the sulphide domain of the host breccia unit, grading 0.44 gt Au over 28.55 m from 107.85 m depth, and including a subinterval of 1.38 gt Au over 6.15 m. The 2023 diamond drilling also encountered a second breccia unit approximately 30 to 50 m north of the main gold bearing breccia, with the potential for near-surface gold mineralization in the oxide portion of this breccia remaining untested.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
White Gold Corp. Intersects 5.03 g/t Gold over 25.0m within 2.96 g/t Gold over 46.5m Significantly Expanding Width of Near Surface Gold Zone by 50% at Betty Ford Target, White Gold District, Yukon, Canada

White Gold Corp. Intersects 5.03 g/t Gold over 25.0m within 2.96 g/t Gold over 46.5m Significantly Expanding Width of Near Surface Gold Zone by 50% at Betty Ford Target, White Gold District, Yukon, Canada

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce additional results for the 2023 exploration diamond drilling at the Betty Ford target on the Betty property (Figure 1). The new assay results include 2.96 gt Au over 46.5 m from 11.5 m depth in hole BETFD23D014, including a higher-grade subinterval of 5.03 gt Au over 25 m, which significantly expanded the width of the near surface high-grade gold zone to the south. Results for hole BETFD23D012 and partial results for hole BETFD23D013 were announced previously on September 7, 2023, highlighted by 3.38 gt Au over 53.0m from 7.3m depth in BETFD23D013. Results for hole BETFD23D015 remain pending but are expected to be received and announced in the near future.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
White Gold Corp. Intersects Broad Zones of Near Surface Gold Mineralization including 3.38 g/t Au over 53 m at Betty Ford Target, and 1.4 g/t Gold over 58.4 m at Vertigo Target, White Gold District, Yukon, Canada

White Gold Corp. Intersects Broad Zones of Near Surface Gold Mineralization including 3.38 g/t Au over 53 m at Betty Ford Target, and 1.4 g/t Gold over 58.4 m at Vertigo Target, White Gold District, Yukon, Canada

White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce partial results from 2023 exploration diamond drilling at the Betty Ford target on the Betty property including 3.38 gt Au over 53.0 m from 7.30 m depth in hole BETFD23D013, which included higher grade subintervals of 7.19 gt Au over 6.30 m and 8.00 gt Au over 4.35 m. Results of diamond drilling at the Vertigo target on the JP Ross property include 1.4 gt Au over 58.4 m in hole JPRVER23D0052 from 40.95 m depth, and JPRVER23D0051 which intersected three zones of high-grade gold mineralization. Betty Ford and Vertigo (Figure 1) are located approximately 65 km southeast and 30 km northeast respectively from the Company's flagship White Gold Project in west-central Yukon, Canada, which comprises 16 million tonnes averaging 2.23 gt Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 gt Au for 942,400 ounces of gold in the Inferred Resource category (1) .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Closeup lumps of gold on wooden table.

Discovery to Production: How Juniors are Rewriting the Gold Resource Playbook

Amid a sustained strong gold price, new opportunities are emerging for junior gold explorers to turn their discoveries into cashflow, not through the traditional M&A route, but through pathways to self-production. It’s a shift that is not only reshaping valuations and investor expectations, but the very nature of the junior mining sector.

For decades, the junior gold mining model has been predictable: make a discovery, build a resource, and then sell the project to a major producer. The goal was to de-risk an asset just enough to catch the attention of a larger company with the capital and processing infrastructure needed to bring it into production.

But as the gold price climbs and the competitive landscape tightens, that playbook could be changing — or at least, branching out. Increasingly, juniors are bypassing the “flip” stage and moving directly into production themselves.

Keep reading...Show less
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Breaks US$3,700, Then Falls as Fed Cuts Rates

The US Federal Reserve held its sixth meeting of 2025 from Tuesday (September 16) to Wednesday (September 17) amid slowing growth in the country's jobs market.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 4 to 4.25 percent range. It marks the first cut of 2025, after holding at the 4.25 to 4.5 percent range since December 2024.

Despite August consumer price index (CPI) data showing inflation rose to 2.9 percent from 2.7 percent in July, a weakening labor market became the focus of the Fed’s dual mandate of stable prices and maximum employment.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Keep reading...Show less
Prince Silver

Prince Silver Commences Fully Funded Drill Program at the Prince Silver Project in Nevada

Prince Silver Corp. (formerly Hawthorn Resources Corp.) (CSE:PRNC)(OTC:PRNCF) ("Prince Silver" or the "Company") is pleased to announce the commencement of a fully funded, 6,500-meter exploration drill program at its flagship Prince Silver Project, a past-producing silver-zinc-gold-lead property. The program is designed to expand known high-grade zones, validate historical drilling, and define the broader mineralized system across the property.

Key Highlights:

Keep reading...Show less

Latest Press Releases

Related News