17 stories mentioning ASX:NEM
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Develop Global (ASX:DVP) said Felicity Hughes was named as its interim chief financial officer, following the resignation of Ben MacKinnon, effective July 1, according to a Monday Australian bourse filing.Hughes was most recently regional CFO at Newmont (ASX:NEM).
Newmont's (ASX:NEM) shares rose over 4% while those of Genesis Minerals (ASX:GMD) were up over 9% as the materials sector benefited from a rally on hopes of a peace deal between the US and Iran.US President Donald Trump said the US had cancelled planned strikes against Iran, and that the US and Iran could sign a peace agreement as soon as this weekend, Reuters reported.
Shares of both Newmont (ASX:NEM) and Evolution Mining (ASX:EVN) dropped over 3% in recent trading on Wednesday as the price of gold fell to $4,225 per ounce.
Major gold mining stocks declined in recent Thursday trade as the price of the precious metal fell to a two-month low.Newmont (ASX:NEM) shed more than 6%, while Evolution Mining (ASX:EVN) and Northern Star Resources (ASX:NST) both tumbled past 5%.The spot gold price was down 1.6% to $4,383.35 per ounce, while Comex gold futures retreated around 1.5%.
Major gold mining stocks fell in recent Tuesday trade after the price of the precious metal declined amid US strikes in the Strait of Hormuz that cast doubt on the outcome of Middle East peace talks.Newmont (ASX:NEM) shed nearly 3%, while Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) both fell nearly 2%.Spot gold prices were down 0.8% on worries that the US strikes could jeopardize peace negotiations, Bloomberg reported. US forces targeted missile launch sites in Iran as well as boats that were attempting to lay mines in the Strait of Hormuz, the report said, citing a US Central Command statement.
Australian gold mining stocks jumped in recent Monday trade as the price of the precious metal ticked higher.Northern Star Resources (ASX:NST) and Newmont (ASX:NEM) both advanced nearly 5%, while Evolution Mining (ASX:EVN) gained more than 4%.Comex gold futures were up nearly 1%, and spot gold prices rose past 1%.
Australian gold producers generated record free cash flows in the March quarter despite higher capital spending on growth projects, Euroz Hartleys said in a note on Wednesday.Cash flows were helped by higher prices, with gold averaging roughly at AU$6,998 per ounce, even as production remained largely flat.According to the investment firm, around 21 companies collectively generated free cash flow of about AU$2.7 billion, up from AU$1.53 billion in the December quarter."We believe it is important to keep one eye on the real total costs of production, otherwise you risk buying a producer with more leverage than you bargained for," analysts at the brokerage said.The firm added that concerns related to diesel supply are largely a pricing issue rather than a shortage and are already reflected in valuations.Euroz Hartleys said West African Resources (ASX:WAF) was the cheapest gold stock on a cashflow yield basis, while Greatland Resources (ASX:GGP) was the lowest-cost producer.
Newmont (ASX:NEM) renewed its contract with MLG Oz (ASX:MLG) for the continuation and expansion of integrated site services at the Tanami operations in the Northern Territory, according to a Monday filing with the Australian bourse.The agreement provides a new five-year term from May, with two further one-year extension options, and is expected to generate about AU$200 million in revenue for MLG Oz over its term, the filing said.Newmont shares fell nearly 2% in midday trade Monday, while MLG Oz shares were down past 3%.
Newmont (ASX:NEM) said that Executive Vice President and Chief Technical Officer Francois Hardy has notified the board of his decision to retire, effective June 30, according to a Wednesday Australian bourse filing.Erin Workman will serve as acting chief technical officer effective May, the filing said.
Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24
Newmont's (ASX:NEM) shares soared over 6% in recent trading on Monday, while those of Evolution Mining (ASX:EVN) gained over 1%, as gold prices recovered losses.Spot gold recovered to $4,707.75 per ounce, after falling 0.8% earlier in the session. The precious metal declined 2.5% in the previous week.Shares of Northern Star Resources (ASX:NST) were almost flat.
Australian shares were flat, with a negative bias, at Friday's close as markets faced uncertainty while the deadlock between the US and Iran continued in the Middle East.The S&P/ASX 200 Index was little changed to close at 8,786.50.Brent crude oil futures gained 1.2% to reach $106.3 per barrel. The Strait of Hormuz continued to be closed, and the US said it had carried out a "maritime interdiction" on an Iran-linked tanker.US President Donald Trump ordered the Navy to "shoot and kill" Iranian boats laying mines in the waterway.On the domestic front, Australia's trimmed mean inflation expectedly rose 0.9% quarter-on-quarter in the first quarter of the year, with a 3.6% year-on-year increase, according to a report by ANZ. The bank expects that the consumer price inflation rose 1.4% quarter on quarter and 4.1% year-on-year.The divergence between headline and trimmed mean inflation partly reflects the impact of higher fuel prices in March, the report added.In company news, Suncorp Group (ASX:SUN) has struck a reinsurance cover deal providing it with AU$800 million of protection annually and up to AU$2.4 billion in total protection over the agreement's five-year term. The agreement is effective June 30 and includes protection previously provided by Suncorp's existing dropdown arrangements below AU$350 million. Its shares rose over 4% on market close.Newmont (ASX:NEM) reported first-quarter adjusted earnings of $2.90 per share, up from $1.25 a year earlier. Sales for the three months ended March 31 reached $7.31 billion, compared with $5.01 billion a year earlier. Its shares closed up 1%.Lastly, Fortescue (ASX:FMG) reported total iron ore shipments of 48.4 million wet metric tonnes (wmt) during the third quarter ended March 31. The company recorded iron ore shipments of 46.1 million wmt for the quarter ended March 31, 2025. Its shares were down over 5% on market close.
Australian shares are poised to fall on Friday as oil prices surge amid renewed tensions in the Middle East, including reports of military activity near Tehran and growing fears of disruption in the Strait of Hormuz.Broader risk sentiment is also under pressure due to uncertainty over the Israel-Lebanon ceasefire extension and continued clashes in southern Lebanon.Overnight, the S&P 500 and the Dow Jones Industrial Average each fell 0.4%, while the Nasdaq Composite declined 0.9%.In the macroeconomy, investors are eyeing the release of Australia's consumer price index report next week.In corporate news, Newmont (ASX:NEM) reported Friday first-quarter adjusted earnings of $2.90 per share on revenue of $7.31 billion, compared with adjusted earnings of $1.25 on revenue of $5.01 billion a year earlier.Fortescue (ASX:FMG) reported total iron ore shipments of 48.4 million wet metric tonnes for the quarter ended March 31, up from 46.1 million wet metric tonnes in the year-earlier period.Australia's benchmark index fell 0.6% or 50.2 points to close at 8,793.40 on Thursday.
Newmont (ASX:NEM) reported Friday first-quarter adjusted earnings of $2.90 per share, up from $1.25 a year earlier.Analysts polled by FactSet expected earnings of $2.18.Sales for the three months ended March 31, was $7.31 billion, compared with $5.01 billion a year earlier. Analysts surveyed by FactSet expected $6.57 billion.The board declared a quarterly dividend of $0.26 per share, up from $0.25 a year earlier, payable June 22 to shareholders on record as of May 27.
Newmont (ASX:NEM) said there were no injuries at its Cadia operation in New South Wales after a magnitude 4.5MLa earthquake struck the area, and inspections indicated that there was damage to certain underground areas, but it was not significant, according to a Friday Australian bourse filing.All safety protocols were activated immediately at the time of the earthquake, and underground personnel were moved to designated safe areas. All workers safely returned to the surface over the following hours.No damage was identified at surface infrastructure, including tailings facilities and dams. Based on current assessments, near-term production is not expected to be impacted.
Newmont (ASX:NEM) suspended underground operations while inspections and assessments are underway after a 4.5-magnitude earthquake near its Cadia site in New South Wales, according to a Wednesday filing with the Australian bourse.All underground personnel were safely accounted for and returned above ground, with no reported injuries, the filing said.Shares rose nearly 2% in midday trade Wednesday.