Newmont Extends Cerro Negro With Cash Funded Growth And Rising Momentum
Newmont (NYSE:NEM) plans to invest about $800 million to extend the life of its Cerro Negro mine beyond 2035. The commitment is supported by strong 2025 free cash flow and a move to a net cash position. The company expects to fund the project without taking on new debt. For you as an investor, the key point is that Newmont is putting substantial capital into a core asset while its balance sheet sits in a net cash position. The stock is trading at $130.0, with the share price up 6.4% over...
Newmont (NYSE:NEM) plans to invest about $800 million to extend the life of its Cerro Negro mine beyond 2035. The commitment is supported by strong 2025 free cash flow and a move to a net cash position. The company expects to fund the project without taking on new debt. For you as an investor, the key point is that Newmont is putting substantial capital into a core asset while its balance sheet sits in a net cash position. The stock is trading at $130.0, with the share price up 6.4% over...