SCHEDULE 13G/A: BlackRock Amends Newmont Corp Stake, Disclosing 8.7% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 18 to its Schedule 13G, reporting a beneficial ownership of 8.7% in Newmont Corp /DE/ as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 97,593,380 shares of Newmont Corp /DE/ common stock.
- This ownership represents 8.7% of the total outstanding common stock of Newmont Corp /DE/.
- BlackRock holds sole voting power over 87,699,087 shares.
- BlackRock holds sole dispositive power over 97,593,380 shares.
- The filing is an Amendment No. 18 to a Schedule 13G, indicating an update to a previously reported stake.
- The securities are stated to be acquired and held in the ordinary course of business, not for the purpose of changing or influencing the control of Newmont Corp.
Sentiment
Score: 7
Explanation: The filing indicates a significant and stable institutional investment by BlackRock in Newmont Corp, which is generally viewed positively as a vote of confidence. There are no negative disclosures within the filing itself.
Positives
- BlackRock, a prominent institutional investor, maintains a significant 8.7% stake in Newmont Corp, which can be interpreted as a continued vote of confidence in the company's long-term prospects.
- The filing explicitly states that the securities are held in the ordinary course of business and not for the purpose of influencing control, suggesting a stable, passive investment approach.
Future Outlook
This Schedule 13G filing does not contain forward-looking statements or guidance regarding Newmont Corp's future performance or outlook, as it is a disclosure of beneficial ownership by an institutional investor.
Management Comments
- "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
- "Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of NEWMONT Corp /DE/. No one person's interest in the common stock of NEWMONT Corp /DE/ is more than five percent of the total outstanding common shares."
Industry Context
Schedule 13G filings are routine disclosures by institutional investors holding more than 5% of a company's stock, signifying a passive investment intent. BlackRock's continued substantial stake in Newmont Corp, a leading global gold producer, underscores ongoing institutional interest in the mining sector, potentially influenced by commodity price trends and long-term resource demand.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact | Previous attorneys-in-fact under the April 30, 2023 Power of Attorney | Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Laura Hildner, David Maryles, Christopher Meade, Charles Park, James Raby, Daniel Riemer, David Rothenberg and Brenda Schulz | 2025-01-21 | New Power of Attorney issued, revoking previous one, to authorize individuals to execute SEC filings on behalf of BlackRock, Inc. and its affiliates. |
Stakeholder Impact
- Shareholders: BlackRock's continued large stake may provide a sense of stability and institutional backing, potentially influencing investor confidence in Newmont Corp.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was revoked by the new one. |
| 2025-01-21 | Date of the new Power of Attorney executed by BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date for beneficial ownership). |
| 2025-04-17 | Date of filing of this Schedule 13G Amendment No. 18. |
Keywords
BlackRock, Newmont Corp, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Mining, Gold, Equity Stake, SEC Filing
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