Newmont To Delist From The TSX Due To Low Trading Volumes

In a sign of the times for the Canadian capital markets, the Toronto Stock Exchange is about to lose a major issuer. Newmont Corp (TSX: NGT) on Wednesday announced that they would be delisting from the exchange.

The exit from the Canadian exchange is expected to occur upon the close of markets on September 24. In making the decision, Newmont cited low trading volumes for the departure. The exit is also expected to “improve administrative efficiency and reduce costs.”

Newmont at the same time said that their primary listing will remain on the New York Stock Exchange, and that the company will remain listed on the Australian Securities Exchange and the Papua New Guinea Stock Exchange.

Newmont last traded at $108.80 on the TSX.


Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Newcrest Takes Newmont’s “Best And Final” $19.2 Billion Acquisition Bid

Australian gold miner Newcrest Mining (TSX: NCM) said on Monday it would back Newmont Corp’s...

Monday, May 15, 2023, 06:10:00 AM

Newmont Reports Record Free Cash Flow, 142% Net Income Jump In Q2 2025

Newmont (TSX: NGT) Q2 2025 revenue jumped 20.8% YoY to $5.32 billion from last year’s...

Friday, July 25, 2025, 08:48:55 AM

Red Lake District: Home to High-Grade Gold Deposits and Great Bear Resources, a Gold Rush Catalyst

The Red Lake mining district in Northwestern Ontario is best known for its high-grade gold...

Sunday, July 12, 2020, 11:20:54 AM

Newmont Sees 84% Revenue Jump In Q3 2024 Riding On Surging Gold Prices, Rising Costs Temper Margins

Newmont Corporation (TSX: NGT) reported its third-quarter 2024 financial results at closing bell on Wednesday,...

Wednesday, October 23, 2024, 07:38:57 PM

GT Gold Corp To Be Acquired By Newmont For $3.25 Per Share

GT Gold Corp (TSXV: GTT) this morning announced that it has entered into a binding...

Wednesday, March 10, 2021, 08:04:00 AM