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Radisson Provides 2025 Outlook and Exploration & Development Plans for the O’Brien Gold Project
Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF)(“Radisson” or the “Corporation”) is pleased to provide a 2025 outlook and exploration & development plan for the Company’s 100%-owned O’Brien Gold Project (“O’Brien” or the “Project”) located in the Abitibi region of Québec.
Matt Manson, President and CEO, commented: “In 2025 we are planning a comprehensive and fully funded exploration and project development program at O’Brien to understand the potential scope of the Project, and significantly advance it towards development. This program includes drilling focussed on the extension of gold mineralization at the Project to depth, building on the impressive deep results achieved at the tail end of 2024. Our drilling will be complemented by surface trenching and stripping, and a program to delineate the extension to surface of the famous O’Brien “Jewellery Box” zone, recently rediscovered by Radisson drilling. In development work, we expect to shortly conclude the metallurgical studies and milling assessment currently ongoing under a Memorandum of Understanding (“MOU”) with IAMGOLD Corporation and based on the nearby Doyon mill. We contemplate commencing a companion Preliminary Economic Assessment (“PEA”) for O’Brien, based on utilizing the Doyon mill, upon the successful completion of this preliminary technical work. This year will also see an increased focus on baseline environmental studies at O’Brien, and community engagement, as a future potential O’Brien mining operation comes into focus. We see O’Brien as a low cost, small footprint and high margin mining operation with significant exploration upside and developed within a hub-and-spoke mining and milling arrangement characteristic of gold mining in the Abitibi. Our 2025 work plan has been developed with this clear strategy in mind.”
A total exploration budget of approximately C$6.8M has been established for 2025, including all drilling and assay costs, surface stripping and trenching, personnel, permitting costs and site support. This will be fully funded from Radisson’s existing treasury.
Details of the 2025 work program are as follows:
1. 22,000 Metres of Exploration Drilling
Radisson’s 2025 exploration drilling at O’Brien will focus on expanding the scope of known mineralization below the existing mineral resources. In December 2024, Radisson released the results of the deepest hole ever drilled at the Project and the first hole drilled directly below the historic O’Brien Mine workings. Sheared, altered and mineralized rocks of the Piché Group, the dominant host rocks for O’Brien gold mineralization, were intersected at approximately 1,500 metres vertical depth, 500 metres below previous drilling, and returned 242.0 grams per tonne (“g/t”) gold (“Au”) over 1.0 metre within a mineralized interval that averaged 31.24 g/t Au over 8.0 metres. In September 2024, Radisson intersected 27.61 g/t Au over 6.0 metres including 102.0 g/t Au over 1 metre at 1,100 metres vertical depth, 170 metres below previous drilling (see Figure 1). Radisson believes that these results demonstrate the continuation of the O’Brien mineralizing system well below the base of the March 2023 Mineral Resource, which is defined to a maximum vertical depth of 900 metres. Approximately 75% of the existing mineral resource is defined to a depth of only 600 metres.
The 2025 exploration program will incorporate wedges and directional drilling from deep pilot holes. An initial 22,000 metres have been planned, and an expansion of the program in the second half of the year will be assessed based on the initial results achieved.
Figure 1: Long Section in Oblique View of Gold Vein Mineralization and Mineral Resources at the O’Brien Gold Project, with recent deep drilling results.
2. Exploration for the O’Brien Jewellery Box, including Surface Stripping and Trenching
In addition to the deep exploration program, Radisson plans a program of shallower drilling and surface exploration to trace the location of the famous O’Brien “Jewellery Box” zone. In December 2024, Radisson announced the likely rediscovery of the Jewellery Box, an historic mining stope believed to be the source of extremely high-grade and museum quality gold samples, with a drill intercept of 643.1 g/t Au over 2.1 metres, including 1,345.0 g/t Au over 1.0 metre. This program will attempt to trace the Jewellery Box from 200 metres depth, where it was last mined, to the surface, including stripping of surface overburden. Delineation of the Jewellery Box zone could offer an extremely high-grade mining area to be exploited early in the development of a future O’Brien mine.
Radisson also plans a 1.1 kilometre program of trenching across the breadth of the O’Brien property designed to expose Piche Rocks adjacent to the Cadillac-Larder Lake Break over an approximate strike length of 4 kilometres, extending from west of the historic O’Brien mine to the eastern boundary of the current property. The purpose of this trenching program is to identify additional areas of exploration potential for future drilling, and to observe directly the geological setting of O’Brien gold mineralization.
3. Completion of Metallurgical and Milling Assessment, and PEA
In September 2024, Radisson entered into an MOU with IAMGOLD Corporation to assess the design criteria for processing mined material from O’Brien at the nearby Doyon gold mill, part of IAMGOLD’s Doyon-Westwood mine complex. The Doyon mill is located 21 kilometres west of O’Brien directly accessible along Trans-Canada Highway 117. The work has included metallurgical studies, an assessment of flow-sheet configurations at Doyon and potential mill modifications, and a review of future processing and tailings disposal capacity at Doyon. The results of this work are expected to be concluded and reported shortly. The MOU facilitates the exchange of technical data between Radisson and IAMGOLD Corporation and is non-binding and non-exclusive. It contains no specific terms around potential commercial arrangements between the parties, and there is no certainty that any arrangement between the parties will result from their dealings pursuant to the MOU. However, Radisson contemplates further discussions with IAMGOLD, and a companion O’Brien PEA, upon the successful completion of this preliminary technical work.
4. Expanded Environmental Baseline Assessment and Community Engagement
The 2025 work program will include an increased focus on environmental baseline data collection and community engagement, based on the strategy of developing O’Brien as a low-footprint, underground mining operation without a stand-alone processing or tailings storage facility, and utilizing existing road and power infrastructure. In addition to the Project’s ground water sampling program, which has been ongoing for several years, Radisson has retained the services of BBA Inc. to commence a baseline monitoring program for noise, vibration and ambient air quality at the O’Brien site.
Radisson will also increase its focus on community engagement and communication, based on the municipalities immediately adjacent to the Project and First Nations groups within the Abitibi-Témiscamingue region.
Qualified Person
Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O’Brien Gold Project.
Radisson Mining Resources Inc.
Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 “Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023, Radisson’s Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O’Brien Gold Project.
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com
Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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Altair Minerals Limited (ASX: ALR) – Trading Halt
Description
The securities of Altair Minerals Limited (‘ALR’) will be placed in trading halt at the request of ALR, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 30 January 2025 or when the announcement is released to the market.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from Altair Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Growth-Focused Gold Explorer: Torque Metals and Aston Minerals Unite in Strategic Merger
Combined 1.75Moz of gold resources anchored in two premier greenstone belts
Torque Metals Limited (“Torque”) (ASX: TOR) and Aston Minerals Limited (“Aston”) (ASX:ASO) are pleased to announce they have entered into a binding scheme implementation deed to facilitate a merger whereby Torque will acquire 100% of Aston in an all-scrip transaction (“Merger”).
HIGHLIGHTS
- The Merger will see Torque and Aston shareholders each own 50% of the merged entity1.
- Combined business to have 1.75Moz in gold resources across two exploration projects, with a dominant land position, and pro-forma cash of over $5 million to drive ongoing gold exploration activities2.
- Paris Gold Project: 250,000oz @ 3.1 g/t Au3, Western Australia Goldfields, ~1,200km²
- Edleston Gold Project: 1.5Moz @ 1.0 g/t Au4, Ontario, Canada. Abitibi Greenstone Belt, ~310km²
- Entities related to Tolga Kumova and Evan Cranston to collectively invest $1.0 million into Torque at $0.05 per share unconditionally (Placement).
- Evan Cranston has been appointed to the Board of Torque as a Non-Executive Director, and upon completion of the Merger, Tolga Kumova will be invited to join the Board of Torque, with Cristian Moreno and Andrew Woskett to remain in their respective roles of Managing Director and Chairman.
- Torque will offer 1 Torque share for every 5.2 Aston shares, representing an offer price of $0.01 per Aston share5.
- Directors of Aston unanimously recommend that all shareholders and option holders vote in favour of Torque’s offer, in the absence of a Superior Proposal.
- The merged entity will benefit from a strong cash position, a refreshed Board to drive the next phase of exploration growth, and the ability to drive gold exploration across two emerging gold assets, being the Paris Gold Project in Western Australia and the Edleston Gold Project in Ontario, Canada.
TRANSACTION SUMMARY
Torque Metals Limited (ASX: TOR) (“Torque”) and Aston Minerals Limited (ASX: ASO) (“Aston”) are pleased to announce a merger of equals, creating a well-funded, growth-focused gold exploration company with projects located in two Tier-1 mining jurisdictions: the Western Australian Goldfields and Ontario, Canada.
The companies have entered into a scheme implementation deed (“Scheme Implementation Deed” or “Scheme”) pursuant to which they have agreed to a merger to be conducted by way of a Scheme of Arrangement under the Corporations Act 2001 (Cth) (“Corporations Act”), whereby Torque will acquire 100% of the fully paid ordinary shares in Aston and 100% of the unlisted Aston options (“Proposed Merger”).
Commenting on the Proposed Merger, Torque Managing Director, Cristian Moreno, said:
“We are pleased to announce the proposed merger between Aston and Torque, creating a dynamic growth-focused gold explorer with a dominant position in two leading mining jurisdictions. This strategic transaction unites our strengths, consolidating a substantial gold resource of 1.75 million ounces (Moz) across two highly prospective exploration projects. Torque will command an extensive landholding in two premier mining jurisdictions and leverage current cash reserves exceeding $5 million to fund ongoing exploration activities.
“As Torque already owns the Paris Gold Project, located in the heart of the Western Australian Goldfields, the merger enhances the strategic potential of this asset and aligns with Torque's broader growth objectives. With a resource of 250,000 ounces at an impressive grade of 3.1 g/t gold, the project spans a substantial ~1,200km² tenement package, positioning it as a cornerstone of our portfolio. Complementing this, Aston’s Edleston Gold Project in Ontario, Canada, is situated in the renowned Abitibi Greenstone Belt and contributes a significant resource of 1.5 million ounces at 1.0 g/t gold. This project’s ~310km² landholding offers additional high-grade exploration opportunities, further solidifying our growth potential.
“A key advantage of this merger is the injection of $4 million cash on a pre-costs basis from Aston into Torque Metals. This strategic funding approach ensures that the company is well-capitalised to advance exploration efforts in the current robust gold price environment.
“We also welcome a $1 million strategic investment from Tolga and Evan, who have recognised the considerable exploration upside to be unlocked at our expansive Paris Gold Project area. Their involvement will bring valuable insights and leadership to Torque Metals, and I look forward to collaborating with them on the Board of Torque following completion of the merger.”
Commenting on the proposed merger, Aston Managing Director and Chairman, Russell Bradford, said:
"The proposed merger with Torque Metals marks an exciting milestone, and I am particularly impressed by the scale potential of the Paris Gold Project. This project boasts a dominant land package in the highly productive Western Australia Goldfields, with an outstanding resource grade of 3.1 g/t gold and significant potential to expand into a major high-grade deposit.
“Its strategic location, surrounded by prominent producers and explorers such as Goldfields, Westgold, Northern Star, Vault Minerals, and Astral Resources, underscores the quality and opportunity this project represents. To have a project of this calibre in such a prime jurisdiction is truly remarkable.
“I commend Torque Metals’ management for their exceptional work in advancing the Paris Gold Project to this stage. With the significant cash injection from this merger, I have complete confidence in their ability for Torque to uncover gold ounces and deliver outstanding value for the shareholders of Torque and Aston."
Click here for the full ASX Release
This article includes content from Torque Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Completion of Placement, Parkes Project Acquisition and Site Visit
Adavale Resources Limited (ASX:ADD) (“Adavale” or “the Company”) is pleased to announce the successful completion of a 72.5% interest acquisition in the Parkes Gold and Copper Project (the “Project”), located in the Lachlan Fold Belt of NSW, Australia.
KEY HIGHLIGHTS
- Completion of the acquisition of a 72.5% interest in the Parkes Gold-Copper Project (“Parkes Project”).
- A 354.15km2 tenement holding, encompassing a geological setting that is considered highly prospective for structurally controlled gold and gold rich porphyry copper-gold mineralisation.
- The Parkes Project is located at the intersection of the crustal-scale Lachlan Transverse Zone structural corridor with Early Ordovician-age Macquarie Arc Volcanics.
- The Project is adjacent to the giant Northparkes porphyry-hosted copper-gold mine (5.2Moz Au & 4.4Mt Cu) [ASX:EVN] and in a similar tectono-stratigraphic setting to the world-class Cadia-Ridgeway copper-gold porphyry deposits (35Moz Au & 7.9Mt Cu) [ASX:NEM].
- The key Project asset is the former London-Victoria gold mine located in EL 7242, which contains a remnant (unmined) Historical Estimate of 124koz Au**
- EL7242 was recently successfully renewed until 7 November 2030.
- The Adavale team and the Vendor have conducted a geological reconnaissance to the Project to inspect London Victoria drill core, meet with local landholders and geological consultants and also to carry out some initial rock chip sampling.
- Completion of the placement allows Adavale to progress exploration at a number of target prospects within the Project and focus on upgrading the London-Victoria Historical Resource to a JORC compliant Mineral Resource.
- Directors and Officers co-invest ~$100,000 (over 6%) of the Placement.
The Project comprises four exploration tenements for a total area of 354.15km2, that are prospective for orogenic, epithermal and gold-rich porphyry-style copper-gold deposits. The Project area is located within the prolific gold and copper producing Macquarie Arc portion of the Lachlan Fold Belt in central NSW. The Exploration Licences (‘EL’s’) are situated where Early Ordovician-aged Junee-Narromine Volcanic Belt rocks of the western part of the Arc are intersected by the crustal-scale structural corridor of the Lachlan Transverse Zone (‘LTZ’). Significantly, the LTZ is host to Tier 1 gold and copper mines, such as Northparkes (5.2Moz Au & 4.4Mt Cu) and Cadia Ridgeway (35.1Moz Au & 7.9Mt Cu) where it intersects Macquarie Arc rocks (Figure 1).
Commenting on the developments, Adavale Resources Executive Chairman and CEO, Mr Allan Ritchie, stated:“The successful completion of the acquisition and placement mark a pivotal step forward to advancing our activity with this world-class asset. The Vendor and the Adavale team along with our very experienced Lachlan Fold Belt geologists have just returned from an initial field trip and we are incredibly excited to start our exploration efforts at our highly prospective Parkes Project. We are very grateful to the shareholders for their continued support, Adavale’s Directors and Officers have also co-invested a further ~$100,000 (6%) in this placement and we look forward to providing regular updates from the Lachlan Fold Belt throughout the program ahead.”
Figure 1: Map of the central New South Wales Lachlan Fold Belt
The Parkes Project’s most advanced prospect is the former London-Victoria Gold Mine which saw estimated historical production by BHP Gold and Hargraves Resources of 200,000 to 250,000 ounces at a head grade of 1.5-2g/t Au. A non-JORC Historical Estimate of 3.7Mt at 1.04 g/t Au for 123.8koz Au is defined for London-Victoria (refer to Cautionary Statement1 below).
At London-Victoria, it is intended to utilise the existing drillhole database, augmented by a small number of new and well-targeted deeper holes, to estimate a Mineral Resource. This opportunity comes at relatively low cost and at a time of record gold prices. The London-Victoria Mine is located on EL7242 which has recently been successfully renewed until 7 November 2030.
The map of the Lachlan Fold Belt area in NSW (Figure 1) shows the location of Adavale’s newly acquired mineral tenure relative to significant copper and gold deposits, the Lachlan Transverse Zone and Ordovician volcanic belts of the Macquarie Arc Group. Note the Project’s proximity adjacent to the Northparkes mine at the intersection of the Lachlan Transverse Zone with the Junee-Narromine Volcanic Belt.
Click here for the full ASX Release
This article includes content from Adavale Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Bold Ventures Exec Highlights New Discovery at Burchell Gold-Copper Project
Following the release of promising assay results from Bold Ventures' (TSXV:BOL) Ontario-based Burchell gold-copper project, Bruce MacLachlan, the company's president and chief operating officer, highlighted the significance of the recent findings and shared plans for upcoming exploration.
“It's really encouraging. It's in a mag low that crosses the property. Mag low is probably about 10 kilometers long. It's never been drilled. It's like a brand-new discovery,” said MacLachlan at the Vancouver Resource Investment Conference.
The company plans to conduct additional prospecting, soil sampling and backhoe work to strip overburden in the spring. Channel sampling and drilling will follow to further define the property's potential.
Beyond the Burchell project, Bold Ventures holds other promising projects, including the Traxxin and Wilcorp properties, both located near Burchell. At Wilcorp, grab samples have returned up to 16.3 grams per metric ton gold, while exploration at Traxxin has extended the main zone and uncovered values of up to 330 parts per billion gold along strike.
When asked about Bold Ventures' appeal to investors, MacLachlan cited its tight share structure and growth potential.
“We've got these new discoveries that have never been drilled. We have assets even up in the Ring of Fire. We've got a copper and gold property near Wawa. So we think there's a tremendous amount of upside potential.”
Watch the full interview with Bruce MacLachlan, president and chief operating officer at Bold Ventures.
Disclaimer: This interview is sponsored by Bold Ventures (TSXV:BOL). This interview provides information which was sourced by the Investing News Network (INN) and approved by Bold Ventures in order to help investors learn more about the company. Bold Ventures is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Bold Ventures and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Newmont Announces Early Redemption of its 5.30% Notes Due 2026
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") and Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont ("Newcrest Finance" and, together with Newmont, the "Issuers") today announced the redemption of $927,754,000 in principal, fully retiring the 5.30% Notes due 2026 (the "Notes").
Including the early redemption of the 2026 Notes, Newmont will have retired approximately $1.4 billion of its debt over the last 12 months, demonstrating the Company's commitment to deleveraging and strengthening its balance sheet.
The Notes will be redeemed on February 7, 2025 (the "Redemption Date") at a redemption price equal to the applicable make-whole amount for the Notes, plus accrued and unpaid interest on the Notes to, but excluding, the Redemption Date, in accordance with the terms of the Notes. Interest on the Notes will cease to accrue on and after the Redemption Date.
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 news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by these sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending" or "potential." Forward-looking statements in this news release may include, without limitation, statements relating to the expected redemption of the Notes, future debt balances, future cash flow generation, pending closing of asset divestitures and receipt of proceeds and future capital allocation priorities. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to Newmont's operations remaining consistent with plan and current expectations, market conditions and other planning assumptions. For a more detailed discussion of such risks, see Newmont's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024, as well as Newmont's other SEC filings, under the heading "Risk Factors", and other factors identified in Newmont's reports filed with the SEC, available on the SEC website or www.newmont.com . Newmont does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250127695677/en/
Investor Contact – Global
Neil Backhouse
investor.relations@newmont.com
Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com
Media Contact – Global
Shannon Lijek
globalcommunications@newmont.com
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Newmont Announces Early Redemption of its 5.30% Notes Due 2026
Committed to Reducing Debt and Further Strengthening Newmont's Financial Position
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") and Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont ("Newcrest Finance" and, together with Newmont, the "Issuers") today announced the redemption of $927,754,000 in principal, fully retiring the 5.30% Notes due 2026 (the "Notes").
Including the early redemption of the 2026 Notes, Newmont will have retired approximately $1.4 billion of its debt over the last 12 months, demonstrating the Company's commitment to deleveraging and strengthening its balance sheet.
The Notes will be redeemed on February 7, 2025 (the "Redemption Date") at a redemption price equal to the applicable make-whole amount for the Notes, plus accrued and unpaid interest on the Notes to, but excluding, the Redemption Date, in accordance with the terms of the Notes. Interest on the Notes will cease to accrue on and after the Redemption Date.
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 news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by these sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition; and often contain words such as "anticipate," "intend," "plan," "will," "would," "estimate," "expect," "believe," "pending" or "potential." Forward-looking statements in this news release may include, without limitation, statements relating to the expected redemption of the Notes, future debt balances, future cash flow generation, pending closing of asset divestitures and receipt of proceeds and future capital allocation priorities. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to Newmont's operations remaining consistent with plan and current expectations, market conditions and other planning assumptions. For a more detailed discussion of such risks, see Newmont's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 29, 2024, as well as Newmont's other SEC filings, under the heading "Risk Factors", and other factors identified in Newmont's reports filed with the SEC, available on the SEC website or www.newmont.com . Newmont does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250127695677/en/
Investor Contact – Global
Neil Backhouse
investor.relations@newmont.com
Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com
Media Contact – Global
Shannon Lijek
globalcommunications@newmont.com
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