Magi Astrology


FINANCIAL ASTROLOGY

First Trade Date for Newmont Mining Corporation

 

 

Company NameFirst Trade Date (yyyy-mm-dd)
Newmont Mining Corporation1940-01-27

Company NameSymbol
Newmont Mining CorporationNEM
History and Business of Company
(this information may include date of incorporation)
Newmont Mining Corporation is the world's largest gold producer with significant assets or operations on five continents. We have mining operations in the United States, Australia, Peru, Indonesia, Canada, Uzbekistan, Turkey, Bolivia, New Zealand and Mexico. As of December 31, 2003, Newmont had gold reserves of 91.3 million equity ounces and an aggregate land position of approximately 60,000 square miles (155,840 square kilometers). In 2003, we obtained more than 65% of our equity gold production from politically and economically stable countries, namely the United States, Australia and Canada. Newmont is also engaged in the production of silver, copper and zinc.

Newmont Mining Corporation's original predecessor corporation was incorporated in 1921 under the laws of Delaware. On February 13, 2002, at a special meeting of the stockholders of Newmont, stockholders approved adoption of an Agreement and Plan of Merger that provided for a restructuring of Newmont to facilitate the February 2002 acquisitions described below and to create a more flexible corporate structure. Newmont merged with an indirect, wholly-owned subsidiary, which resulted in Newmont becoming a wholly-owned subsidiary of a new holding company. The new holding company was renamed Newmont Mining Corporation. There was no impact to the consolidated financial statements of Newmont as a result of this restructuring and former stockholders of Newmont became stockholders of the new holding company. In this report, "Newmont," the "Company" and "we" refer to Newmont Mining Corporation and/or our affiliates and subsidiaries.

On February 16, 2002, Newmont completed the acquisition of Franco-Nevada Mining Corporation Limited, a Canadian company, pursuant to a Plan of Arrangement. On February 20, 2002, Newmont gained control of Normandy Mining Limited, an Australian company, through an off-market bid for all of the ordinary shares of Normandy. On February 26, 2002, when Newmont's off-market bid for Normandy expired, Newmont had a relevant interest in more than 96% of Normandy's outstanding shares. Newmont exercised compulsory acquisition rights under Australian law to acquire all of the remaining shares of Normandy in April 2002. The results of operations of Normandy and Franco-Nevada have been included in this Annual Report and Newmont's financial statements from February 16, 2002 forward.

In 2001, Newmont completed an acquisition of Battle Mountain Gold Company. The acquisition was accounted for as a pooling of interests and, as such, the financial statements in this report include Battle Mountain's financial data as if Battle Mountain had always been a part of Newmont.

During 2002 and 2003, Newmont continued to review its asset base and operations, with the goal of achieving synergies by consolidating separately-managed assets, combining administrative and exploration staffs, achieving purchasing economies and better utilizing existing processing facilities. We also sold or disposed of lower-margin or non-core operations or interests. Although we will continue to evaluate the potential of achieving additional synergies, the review of our asset base and operations, integration of separately-managed assets and consolidation of administrative and exploration staffs is substantially complete.

In November 2003, Newmont completed a public offering of 25 million shares of common stock, receiving gross proceeds of approximately $1.0 billion.

Unless explicitly stated otherwise in this report, production, ounces sold, revenue and other financial information with respect to 2001 does not include the operations or revenues of Normandy or Franco-Nevada.

For the years ended December 31, 2003, 2002 and 2001, Newmont had revenues of $3.21 billion, $2.66 billion and $1.67 billion, respectively. In 2003 and 2002, Newmont had net income applicable to common shares of $475.7 million and $154.3 million, respectively. In 2001, Newmont had a net loss applicable to common shares of $54.1 million.(1)

Newmont's corporate headquarters are in Denver, Colorado, USA.








 

 

 

IMPORTANT DISCLAIMER: By reading any of the material on this website you agree to our DISCLAIMER: The Magi Society, Magi Astrologers Worldwide Corporation make no claims whatsoever concerning the validity of the information provided herein, and will not be held liable for any use thereof. No information or opinion expressed here is a solicitation to buy or sell securities, bonds, real estate, commodities, options, futures or any financial instruments whatsoever.

 

 

Back to first trade date main page

Back to home page

© 1999-2008 by Magi Astrologers Worldwide Corporation. All Rights Reserved.