Market Updates

Generating $3.1 Billion in After-Tax Cash Proceeds in 2025 from Divestiture ProgramDENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”)...

Generating $3.1 Billion in After-Tax Cash Proceeds in 2025 from Divestiture Program

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) is pleased to announce that the Parliament of Ghana has ratified the renewal of the Akyem East Mining Lease (the “Lease Ratification”). Per Newmont’s definitive agreement to divest its Akyem operation in the Republic of Ghana, Zijin Mining Group Co., Ltd. (“Zijin”) agreed to pay Newmont $100 million upon receipt of the Lease Ratification. The payment has been received, bringing total after-tax cash proceeds from the sale of Akyem to approximately $770 million.

With today’s announcement, Newmont now expects to generate $3.1 billion in after-tax cash proceeds from its divestiture program in 2025, including $2.6 billion from divested assets and approximately $470 million from the sale of equity shares in Greatland Resources Limited and Discovery Silver Corp. The proceeds will support Newmont’s capital allocation priorities, which include reducing outstanding debt and returning capital to shareholders.

For further information related to the sale of the Company’s Akyem operation, see Newmont’s Form 10-Q for the quarter ended June 30, 2025, filed on July 24, 2025.

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 such 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. Forward-looking statements in this news release include, without limitation, expectations regarding receipt of any unpaid contingent consideration and expectations regarding proceeds. Such statements remain subject to risk and uncertainties, and are based upon assumptions, including, without limitation, final settlement of purchase price adjustments for the 2025 divestment transactions, some of which have not been finalized as of the date of this release. Uncertainties include those relating to general macroeconomic uncertainty and changing market conditions, changing restrictions on the mining industry in the jurisdictions in which we operate, impacts to supply chain, including price, availability of goods, ability to receive supplies and fuel, and impacts of changes in interest rates. Uncertainties in geopolitical conditions could impact certain planning assumptions, including, but not limited to commodity and currency prices, costs and supply chain availabilities. For additional discussion of risks and other factors that might impact future looking statements, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 21, 2025, under the heading “Risk Factors" (including without limitation under the headings "Assets held for sale may not ultimately be divested and we may not receive any or all deferred consideration" and "The Company’s asset divestitures place demands on the Company’s management and resources, the sale of divested assets may not occur as planned or at all, and the Company may not realize the anticipated benefits of such divestitures"), available on the SEC website or at www.newmont.com. The Company 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.

Contacts

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 – Australia and Asia
Rosalie Cobai
australiacommunications@newmont.com

Business Wire | Sat, Aug 02 2025 01:30 AM AEST

World News

Our summer internship program provides a unique opportunity for undergraduate and graduate students to gain on-the-job experience in our businesses and to learn about PotlatchDeltic. Interns are provi...

3BL | Fri, Aug 01 2025 11:55 PM AEST

Our summer internship program provides a unique opportunity for undergraduate and graduate students to gain on-the-job experience in our businesses and to learn about PotlatchDeltic. Interns are provided with safety training and undertake meaningful projects and collaborate with other students, as well as with employees and managers. Internships not only develop a pipeline of potential future talent, but also provide our employees an opportunity to be mentors and build their leadership skills. Our 2024 summer interns included twelve timberland interns, five interns at our wood products facilities, and one corporate intern.

Timberlands interns worked on a variety of projects including seedling survival assessments, comparison of three-year-old growth in open pollinated vs. mass-controlled pollinated seedlings, integrating Cherrylane Seed Orchard’s parent tree with orchard block climate information into a spatial model to match our seed orchard seed to planting locations with like climates, delineating Stream-Side Management Zones on harvest areas, and field verification of seedling identification and mapping utilizing high-resolution imagery.

Wood products interns worked with the environmental department on key projects, including environmental compliance sampling and inspections, and a stormwater project. Mill interns assisted millwrights with work orders and on reliability initiatives. Wood products IT interns provided end user support and training, installed personal computers and other equipment, and built workstations.

The corporate intern focused on timberlands geographic information system data quality control through fine tuning topology, realigning roads to centerlines with consistent classifications, defining boundary maps, and digitizing road stands.

Retail

Lactose Free Butter Market Prevalence of lactose intolerance around world, improving global economics, increasing consumer preference for premium products such as lactose free dairy items WILMINGTON,...

EIN Presswire | Fri, Aug 01 2025 04:43 PM AEST

Prevalence of lactose intolerance around world, improving global economics, increasing consumer preference for premium products such as lactose free dairy items

WILMINGTON, DE, UNITED STATES, August 1, 2025 /EINPresswire.com/ -- Lactose free butter market size was estimated at $222.9 million in 2018, and is expected to hit $388.4 million by 2026, registering a CAGR of 7.1% from 2019 to 2026.

Prevalence of lactose intolerance around the world, improving global economics, and increasing consumer preference for premium products such as lactose free dairy items fuel the growth of the global lactose free butter market. On the other hand, availability of alternative products impedes the growth to some extent. However, nutritional varieties of lactose free butter and increase in its consumption in developing economies is expected to create multiple opportunities in the near future.

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Over the years, general awareness among consumers about health and fitness has increased exponentially. They are now aware of the effects of lactose intolerance. To remain fit and healthy, consumers today are shifting toward dairy items that contain lactase, which is useful for lactose intolerant people and the overall quality of products.

The growth in value sales for lactose free butter is attributable to surge in demand for different lactose free food products, which facilitates better taste. Thus, increase in willingness of customers to try different types of natural tastes in food & beverages is expected to fuel the demand for lactose free butter market.

The food industry has been evolving in terms of innovations and demands. Manufacturers are focusing on key innovations that cater to the requirements of their target consumers. Increase in awareness toward health and wellness has been witnessed among people residing in developed as well as the developing countries. This has resulted in increased demand for various types of special lactose free butter made using dairy alternative products. Thus, lactose free butter market is gaining increased traction among food & beverage manufacturers, which significantly drives the lactose free butter market growth.

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Based on geography, North America contributed to around two-fifths of the global lactose free butter industry revenue in 2019, and is anticipated to rule the roost till 2026. This is due to rise in health consciousness among consumers. Simultaneously, the Asia-Pacific region would project the fastest CAGR of 10.1% during 2019-2026, owing to changes in lifestyle and increase in consumption of natural, vegan, and artificial preservatives free products.

Frontrunners in the industry-

The Hain Celestial Group, Inc.
General Mills, Inc.
Cargill Inc.
Corbion Inc.
Kraft Heinz Company
Ingredion Incorporated
ChrHasen A/S
Dupont, Kerry Group PLC
Kellogg Company

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Salted Butter Market: https://www.alliedmarketresearch.com/salted-butter-market-A323160

Butter Blocks Market: https://www.alliedmarketresearch.com/butter-blocks-market-A323164

David Correa
Allied Market Research
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