News Articles for Newmont Corporation

Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.

Newcrest Mining has entered into a binding all-scrip takeover agreement with US-based Newmont Corporation, concluding months of dealmaking between the gold producers.

Takeover target Newcrest Mining has pushed back the exclusivity period for global mining giant Newmont Corporation's $32 billion offer until next week.

Takeover target Newcrest Mining has granted exclusivity for the due diligence period on Newmont Corporation's $32 billion offer until next week.

Perenti's new contract extends the mining services company's tenure in Ghana.

Gold and copper player Newcrest Mining says it remains on track to meet its financial year production guidance despite a drop in output during the March quarter.

Newmont's all-scrip bid for Newcrest now values the Melbourne-based goldminer at $32 billion, not including its debt.

While many gold producers are delighted to churn out 100,000 ounces a year, five leading companies wouldn't get out of bed for that. Take a look which WA company stands head and shoulders above them all.

Potential takeover talks could be back on the table between Newcrest Mining and Newmont Corporation after a near five-week stalemate.

Gold miner Newcrest has rejected a takeover bid from US giant Newmont, instead rewarding shareholders with a massive dividend.

Australia's biggest goldminer says it has received a tentative $24.3 billion takeover offer from the world's largest one.

Gold output in Australia has fallen 9 per cent from its June quarter high, with some of the biggest operators reporting a drop in production, new data has shown.

Software business K2fly has been contracted by Rio Tinto for another of its mining packages, the resources giant signing on for its Reconciliation Module in a three-year deal worth $360,000. It's the first sale of the product to any tier 1 miner and the sixth software solution the Subiaco-based company has sold to the global diversified company.

Fresh assays from phase two diamond drilling at Godolphin Resources and joint venture partner Orange Minerals' Calarie gold project in New South Wales have validated a suite of compelling hits from a historical probe. The feature strike from the five-hole, 1170m program was a 2.4m intersection at 15.69 grams per tonne gold from 45m, inside of a larger 10.6 section grading 5.63 g/t from 39m.

Mining software provider K2fly has tabled some healthy numbers from the September quarter with the company achieving record highs in its core metrics thanks to continued major tier 1 contract wins. The company operates in the global resources space under a ‘Software as a Service' business model – meaning its product is delivered on a subscription basis.

ASX-listed mining software provider K2fly has strengthened its ties with Imerys Group after inking a three year contract for use of its Land Access solution. The three year deal has a total contract value of $860,000 and an annual recurring revenue of $123,000 in exchange for a system that manages land access, studies, approvals, stakeholder engagement, operations and land use.

Southern Cross Electrical Engineering's electrical business has won a trio of solar power and infrastructure awards valued at $30 million.

A five-hole diamond drilling program to test an inflexion zone beneath historical gold mine workings has begun at the Calarie gold project, a joint venture in NSW between Godolphin Resources and Orange Minerals. The phase 2 program, with a minimum of 1000m of drilling, is the follow-up to what Orange describes as “outstanding” results from phase 1 of the campaign conducted late last year.

Business News has tracked dramatic changes in the ranking of WA's largest goldminers over more than a decade.

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.

National gold production was dragged down during the March quarter by poor weather conditions and pandemic restrictions throughout the sector.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.

After successfully shaking the tin for $6.2m, K2fly now has the largest privately owned mining software provider in the world on its register. Australian based Maptek has emerged from K2fly's latest capital raise with a 13.2 per cent holding in the ASX-listed mining software player. The deal also includes Maptek Chairman Peter Johnson taking a seat on the K2fly board as a non-executive director.

The gold miner is set to moves its headquarters to the building, which has a troubled history that included Mineral Resources backing out of a move there.

WA's closed border policy is creating barriers for business, with recent moves by Wesfarmers a possible portent of major change.

Northern Star Resources has exercised its right to acquire the 110 megawatt Parkeston power station in Kalgoorlie from Newmont Australia for $131 million ($US95 million).

Australia's gold production in the past six months has exceeded China's figures, according to a Melbourne consultancy.

A multi-billion-dollar merger has brought a change at the top of Business News' list of goldminers.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

GR Engineering Services has been contracted to work on Newmont Corporation's Tanami goldmine in the Northern Territory.

Australian gold production was down 11 per cent in the first three months of the year, according to Melbourne-based consultancy Surbiton Associates.

Perth-based Lycopodium has been contracted by Newmont Corporation for work on the goldminer's Ahafo North project in Ghana.

The day is nearing when dividends going out of WA exceed the capital coming.

Perth-based Mader Group will provide heavy maintenance equipment services to Nevada Gold Mines under a new contract.

After a rocky start to the year, confidence in WA's gold sector is driving economic activity, with investment and exploration up.

Shares in Valmec have risen by more than 13 per cent today after the Kewdale-based contractor announced new work with Water Corporation and Newmont Mining Services, totalling $23 million.

Mining companies are scaling back their operations, with Newmont Corporation and Kirkland Lake Gold cutting exploration in Australia and others including Rio Tinto shelving some of their international mines.

In celebration of International Women's Day, inductees of the WA Women's Hall of Fame and the winners of the Chamber of Minerals and Energy of WA Women in Resources Awards were announced over the weekend.

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

Investors have signalled their approval for Northern Star Resources' Super Pit acquisition, with its $765 million share placement closing heavily oversubscribed.