Latest news with #NEM
News18
a day ago
- Business
- News18
10 Largest Crypto Heists In History
Bybit- $1.4 Billion Of ETH stolen in 2025 hack: One of the largest single thefts of cryptocurrencies in the industry's history, the Bybit hack occurred on February 21, 2025. The Dubai-based crypto exchange lost 400,000 ETH worth $1.4B within minutes when hackers exploited a private key in Bybit's hot wallet system to siphon off the funds. (Image : Pexels) Coincheck- $534 million in NEM (XEM) stolen in 2018 hack: Hackers managed to break into the exchange and steal crypto worth $534m in January 2018. The hackers reportedly used a phishing attack to access hot wallets. (Image: Pexels) FTX- $477 million of multiple cryptocurrencies stolen in 2022 post-collapse hack: The FTX CEX, founded in 2019 by Sam Bankman-Fried (SBF) and Gary Wang collapsed in November 2022, wiping out a grand total of $8.9 billion of its customers saving and investments. Nearly $477 million in various cryptocurrencies were drained in the suspected hack on November 11. (Image: Pexels) Mt. Gox- $460 million in BTC stolen in 2014 hack: The Japan-based crypto exchange launched in 2010 was hacked and bitcoin worth $8.75 million was stolen in 2011. It suffered another attack in 2014, when nearly $460 million in Bitcoins were siphoned off.(Image: Pexels) DMM Bitcoin: $308 million in Bitcoin stolen in 2024 hack: In May 2024, a massive hack resulted in the loss of 4,502.9 BTC, worth about $308 million at the time.(Image: Pexels) KuCoin- $281 million in various cryptocurrencies stolen in 2020 hack: Founded in 2013, KuCoin is a crypto exchange based in Singapore. It deals in several cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ardor. In September 2020, it was targeted, and the criminals managed to steal over $281m worth of coins and tokens.(Image : pexels) Wazir X- $230 million of several cryptocurrencies stolen in 2024 hack: Founded in 2018 to cater to the growing Indian cryptocurrency market. On July 18, 2024, a significant security breach occurred at WazirX. Approximately 50% of its assets worth $230 million (INR 1900 crores) was stolen from one of its main trading wallets by hackers, despite its robust security measures.(Image: Pexels) BitMart- $196 million of several cryptocurrencies stolen in 2021 hack: In December 2021, hackers were able to drain $196 million of crypto from the global centralised cryptocurrency exchange by stealing a private key that opened two hot wallets, consisting of $100 million in ETH and $96 million on the Binance Smart Chain.(Image: Pexels) BitGrail- $170 million in Nano tokens stolen in 2018 hack: BitGrail was hacked in February 2018, and 17 million Nano worth about $170 million was stolen. (Image: Pexels) 10/10
Yahoo
4 days ago
- Business
- Yahoo
Newmont Corporation's (NYSE:NEM) Has Had A Decent Run On The Stock market: Are Fundamentals In The Driver's Seat?
Most readers would already know that Newmont's (NYSE:NEM) stock increased by 5.6% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. In this article, we decided to focus on Newmont's ROE. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. How To Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Newmont is: 16% = US$5.0b ÷ US$31b (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.16 in profit. See our latest analysis for Newmont Why Is ROE Important For Earnings Growth? Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. Newmont's Earnings Growth And 16% ROE To begin with, Newmont seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 12%. For this reason, Newmont's five year net income decline of 34% raises the question as to why the high ROE didn't translate into earnings growth. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures. So, as a next step, we compared Newmont's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 11% over the last few years. Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for NEM? You can find out in our latest intrinsic value infographic research report. Is Newmont Efficiently Re-investing Its Profits? Newmont's low LTM (or last twelve month) payout ratio of 23% (or a retention ratio of 77%) over the last three years should mean that the company is retaining most of its earnings to fuel its growth but the company's earnings have actually shrunk. The low payout should mean that the company is retaining most of its earnings and consequently, should see some growth. So there could be some other explanations in that regard. For example, the company's business may be deteriorating. Additionally, Newmont has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 20%. Accordingly, forecasts suggest that Newmont's future ROE will be 14% which is again, similar to the current ROE. Summary Overall, we feel that Newmont certainly does have some positive factors to consider. Although, we are disappointed to see a lack of growth in earnings even in spite of a high ROE and and a high reinvestment rate. We believe that there might be some outside factors that could be having a negative impact on the business. Having said that, looking at current analyst estimates, we found that the company's earnings growth rate is expected to see a huge improvement. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
NEM Unlocks Value From Asset Sales: Will This Support Capital Plans?
Newmont Corporation NEM has executed agreements to sell its shares in Greatland Resources Limited and Discovery Silver Corp, for total cash proceeds of around $470 million after taxes and commissions. The sale of shares helps simplify Newmont's investment portfolio while generating additional cash for the completed its non-core divestiture program in April 2025 with the sale of its Akyem operation in Ghana and its Porcupine operation in Canada. Following the sale of Greatland and Discovery shares, the company anticipates generating $3 billion in after-tax cash proceeds from its 2025 divestiture program. These funds will support Newmont's capital allocation strategy, which focuses on reinforcing its balance sheet and delivering returns to asset streamlining is rooted in Newmont's objective to concentrate capital on high-return, long-life assets that underpin its competitive edge and long-term sustainability. The exit of non-core operations has not only allowed Newmont to simplify its operating footprint but also bolster its balance sheet. The divestments have contributed to a $1-billion reduction in gross debt and helped deliver a record first-quarter free cash flow of $1.2 moves free up capital for investment in its key growth projects, including Tanami Expansion 2 in Australia, the Ahafo North expansion in Ghana, and Cadia Panel Caves in Australia that are expected to expand production capacity and extend mine life. NEM is well-positioned to meet its 2025 targets, continuing to deliver robust free cash flow from its world-class portfolio of high-quality, long-life across the competitive landscape, Barrick Mining Corporation B also divested or exited several non-core assets to focus on Tier 1 assets. These include Kalgoorlie Consolidated Gold Mines (KCGM) in Australia, the Massawa project in Senegal and Lagunas Norte in Peru, which Barrick completed in 2019, 2020 and 2021, respectively. Barrick also recently completed the sale of its 50% interest in the Donlin Gold Project in Alaska. Kinross Gold Corporation KGC also streamlined its portfolio through the sale of its Russian assets, including the Kupol mine and Udinsk project, in 2022. Kinross also sold its 90% interest in the Chirano mine in Ghana in 2022. With these divestments, Kinross' rebalanced portfolio now has a strong production profile anchored by Tasiast and Paracatu, its two biggest assets. The Zacks Rundown for NEM Shares of Newmont have shot up 57% year to date against the Zacks Mining – Gold industry's rise of 50.5%, largely driven by the gold price rally. Image Source: Zacks Investment Research From a valuation standpoint, NEM is currently trading at a forward 12-month earnings multiple of 12.34, a roughly 0.6% discount to the industry average of 12.41X. It carries a Value Score of A. Image Source: Zacks Investment Research The Zacks Consensus Estimate for NEM's 2025 and 2026 earnings implies a year-over-year rise of 31.3% and 6.7%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days. Image Source: Zacks Investment Research NEM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
Envision Energy Partners with FERA Australia to Advance 1GW Wind and 1.5GWh Energy Storage in Australia
MELBOURNE, Australia, July 16, 2025 /PRNewswire/ — Envision Energy, a global leader in smart renewable energy solutions, and FERA Australia, a dedicated Australian renewable energy developer, today announced an agreement to collaborate on the delivery of large-scale hybrid renewable energy projects across Australia's National Electricity Market (NEM). The agreement, signed during the Australia Energy Wind Conference in Melbourne, marks the first initiative of its kind in Australia, establishing a framework to develop projects with the potential to deliver up to 1 GW of wind generation capacity and 1.5 GWh of battery energy storage. This milestone reflects growing confidence in Envision's integrated technology platform, which combines advanced wind turbines, next-generation containerized battery systems, grid-forming power conversion systems (PCS), and the company's proprietary Hybrid Power Plant Controller (HPPC). 'This collaboration represents a major step forward in demonstrating how hybrid wind and storage solutions can unlock new possibilities for Australia's energy future,' said Kane Xu, SVP and President of International Product Line of Envision Energy. 'We are honored by the trust FERA Australia has placed in our technical capabilities across wind, storage, and grid integration, and we look forward to delivering projects that set new benchmarks for clean, flexible power.' 'Partnering with Envision Energy marks an exciting milestone in our pursuit of large-scale renewable projects in Australia. Integrating wind power and energy storage in a hybrid project, will constitute an excellent model for future initiatives.' said Sebastiano Falesi, Head of FERA Australia and Member of the Board of Directors of the FERA Group. 'The rapid advancement of renewable energy projects is crucial for supporting Australia's transition to zero-carbon energy. Envision's cutting-edge technology and deep global expertise assure us that we have a reliable partner capable of helping us achieve new standards in performance and reliability.' The partnership will launch with a pilot project in Victoria, featuring Envision's full converter wind turbine, grid-forming battery storage, and advanced HPPC technology in a grid-connected hybrid plant. This project will serve as a showcase for how hybrid systems can enhance grid reliability and unlock new value streams, while demonstrating Envision's strong commitment to the Australian market and a shared aspiration to set new benchmarks in renewable energy innovation. By combining FERA's local development expertise with Envision's proven global track record, the two companies aim to accelerate Australia's transition to a sustainable energy system.
Korea Herald
6 days ago
- Business
- Korea Herald
Envision Energy Partners with FERA Australia to Advance 1GW Wind and 1.5GWh Energy Storage in Australia
MELBOURNE, Australia, July 17, 2025 /PRNewswire/ -- Envision Energy, a global leader in smart renewable energy solutions, and FERA Australia, a dedicated Australian renewable energy developer, today announced an agreement to collaborate on the delivery of large-scale hybrid renewable energy projects across Australia's National Electricity Market (NEM). The agreement, signed during the Australia Energy Wind Conference in Melbourne, marks the first initiative of its kind in Australia, establishing a framework to develop projects with the potential to deliver up to 1 GW of wind generation capacity and 1.5 GWh of battery energy storage. This milestone reflects growing confidence in Envision's integrated technology platform, which combines advanced wind turbines, next-generation containerized battery systems, grid-forming power conversion systems (PCS), and the company's proprietary Hybrid Power Plant Controller (HPPC). "This collaboration represents a major step forward in demonstrating how hybrid wind and storage solutions can unlock new possibilities for Australia's energy future," said Kane Xu, SVP and President of International Product Line of Envision Energy. "We are honored by the trust FERA Australia has placed in our technical capabilities across wind, storage, and grid integration, and we look forward to delivering projects that set new benchmarks for clean, flexible power." "Partnering with Envision Energy marks an exciting milestone in our pursuit of large-scale renewable projects in Australia. Integrating wind power and energy storage in a hybrid project, will constitute an excellent model for future initiatives." said Sebastiano Falesi, Head of FERA Australia and Member of the Board of Directors of the FERA Group. "The rapid advancement of renewable energy projects is crucial for supporting Australia's transition to zero-carbon energy. Envision's cutting-edge technology and deep global expertise assure us that we have a reliable partner capable of helping us achieve new standards in performance and reliability." The partnership will launch with a pilot project in Victoria, featuring Envision's full converter wind turbine, grid-forming battery storage, and advanced HPPC technology in a grid-connected hybrid plant. This project will serve as a showcase for how hybrid systems can enhance grid reliability and unlock new value streams, while demonstrating Envision's strong commitment to the Australian market and a shared aspiration to set new benchmarks in renewable energy innovation. By combining FERA's local development expertise with Envision's proven global track record, the two companies aim to accelerate Australia's transition to a sustainable energy system.
