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Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

(TheNewswire)

VANCOUVER September 12, 2025 TheNewswire – Providence Gold Mines Inc. (‘Providence’ or the ‘Company’) is pleased to announce a non brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units oof the Company (each a ‘Unit’) the (‘Private Placement’). Each Unit will consist of one Common Share and one full Warrant exercisable for a period of two years. The Unit is priced at $0.05 for one Common Share in the Capital of the Company (a ‘Common Share’) and one nontransferable full Warrant. Each nontransferable Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 for a period of 24 months from the date of closing of the Private Placement will be subject to the approval of the TSXV.

All securities issued with respect to the Private Placement will be subject to a four month plus one day hold period from the date of issuance in accordance with applicable securities laws. Closing of the Private Placement is subject to all necessary regulatory approvals. The Company intends to issue the Units pursuant to the prospectus exemptions set out in National Instrument 45-106- Prospectus Exemptions including the accredited investor exemption and family, friends, and business associates’ exemption.

The Company intends to use funds from the net proceeds for Regulatory Fees, sampling and evaluation of the existing potential underground mineralization at the La Dama De Oro , historical ‘Ace in the Hole stope’ , located near surface, geochemical surface survey and administration

As reported previously, an NI 43 101 has been submitted to the TMX V Exchange for review and approval., The Regulators initial review determined that the submission would be treated as a Fundamental Transaction requiring additional information and the Company is responding accordingly.

Property Summary:

Permits for a Bulk Sample, Water, Road Access, Environmental, Plan of Operation, Mill Site have been approved. To date, there has not been any known drilling or modern-day Scientific exploration or identified NI 43 101 resources.

The La Dama de Oro Property is in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural history of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.

The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration for over 6,000 feet. The gold system has robust potential not just within the La Dama de Oro vein, but as well for additional undiscovered veins along the fault system.

Ronald A. Coombes, President & CEO commented; ‘having all permits in place gives certainty to realize potential future opportunity for production at the La Dama de Oro mine ‘ .

The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.

For more information, please contact Ronald Coombes, President, and CEO directly at

6047242369.

Ronald A. Coombes, President & CE

Phone: 604 724 2369

roombes@providencegold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and or the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Editor’s Picks: Gold Knocks Out Inflation-Adjusted High, Silver Breaks US$42

Gold’s record-setting price run continued this week, with yet another new all-time high in the books. Silver also fared well, breaking US$42 per ounce.

According to Bloomberg, gold has now also surpassed its inflation-adjusted all-time high of US$850 per ounce, which it set more than 45 years ago on January 21, 1980. The news outlet notes that at the time the US was dealing with currency issues, inflation and recession concerns.

These are problems that sound all too familiar today. This week brought the release of the latest US consumer price index (CPI) data, which shows a 0.4 percent month-on-month increase for the all-items index — that’s ahead of estimates and the most since the start of 2025.

Meanwhile, core CPI, which excludes the food and energy categories, was up 0.3 percent from July. On an annual basis, core CPI was up 3.1 percent, while overall CPI rose 2.9 percent.

US producer price index (PPI) data also came out this week.

The index, which measures costs at a wholesale level, showed an unexpected 0.1 percent month-on-month decrease for August; the result was the same for core PPI.

Attention is now shifting to the US Federal Reserve’s next meeting, which is set to run from September 16 to 17. For weeks now the central bank has been widely expected to cut interest rates, and experts believe this week’s CPI and PPI numbers support that idea.

“Today’s CPI may appear to offset yesterday’s PPI, but it wasn’t hot enough to distract the Fed from the softening jobs picture. That translates into a rate cut next week — and, likely, more to come’ — Ellen Zentner, Morgan Stanley Wealth Management

CME Group’s (NASDAQ:CME) FedWatch tool now shows odds of 93.9 percent for a 25 basis point cut, while the likelihood of a 50 basis point reduction stands at 6.1 percent.

Bullet briefing — Mining majors in mega M&A, Newmont to exit TSX

Anglo, Teck to merge in US$53 billion deal

Anglo American (LSE:AAL,OTCQX:AAUKF) and Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) announced that they plan to merge in a US$53 billion transaction.

The new entity, which the companies say will be one of the world’s largest copper producers, will have assets in Canada, the US, Latin America and Southern Africa.

Its primary listing will be in London, but its headquarters will be in Canada — a commitment that Teck CEO Jonathan Price told BNN Bloomberg will be ‘perpetual.’ In a bid to safeguard its critical minerals sector, Canada said last year that it will only greenlight foreign takeovers of large critical minerals miners in ‘exceptional circumstances.’

The companies expect annual pre-tax synergies of about US$800 million by the end of the fourth year following the completion of the arrangement.

Experts say the zero-premium, all-share tie up is the second largest mining deal ever, and the biggest in more than a decade. It comes not long after other high-profile M&A attempts involving both companies — Teck rejected a bid from (LSE:GLEN,OTC Pink:GLCNF) in 2023, and Anglo turned down an offer from BHP (ASX:BHP,NYSE:BHP,LSE:BHP) last year.

Newmont to delist from TSX

While the Anglo-Teck deal puts Canada front and center, major miner Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is backing away from the northern nation. The company said it has applied to voluntarily delist its shares from the TSX amid low volumes.

Newmont also said the move will help boost administrative efficiency and reduce expenses. The firm has faced increasing costs since acquiring Newcrest Mining in 2023, and sources familiar with the matter recently told Bloomberg that it’s looking to lower costs by around 20 percent.

Newmont will retain its primary listing in New York, as well as listings in Australia and Papua New Guinea. Its TSX delisting is expected to be effective on September 24.

Barrick to sell Hemlo for US$1.09 billion

Also making a move away from Canada this week was Barrick Mining (TSX:ABX,NYSE:B), which has agreed to sell its Hemlo gold mine to Carcetti Capital (TSXV:CART.H) for US$1.09 billion.

Located in Ontario, Hemlo has operated for 30 years, producing over 21 million ounces of gold during that time. The sale comes as Barrick divests non-core assets and pivots toward copper.

The company put Hemlo up for sale earlier this year, and in July was rumored to be selling the operation to Discovery Silver (TSX:DSV,OTCQX:DSVSF); that deal ultimately didn’t pan out.

Carcetti will be renamed Hemlo Mining once the transaction closes, and is expected to uplist from the TSX Venture Exchange’s NEX Board. Its backers include Robert Quartermain, who is known for leading SSR Mining (TSX:SSRM,NASDAQ:SSRM) and Pretium Resources.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: Guardian Exploration Gains 94 Percent

On Thursday (September 11), Canadian Prime Minister Mark Carney revealed the first tranche of projects selected by the newly created Major Projects Office.

The goal of the office is to accelerate timelines for projects deemed to be in the national interest, which include infrastructure, natural resources and technology. The office is being led by Dawn Farrell, who previously served as president and CEO of TransAlta (TSX:TA) and Trans Mountain. Three of the five projects announced are well into permitting or development and the Prime Minister said that the intention was to help them with a final regulatory push or to find the financing needed to complete.

The projects include the Phase 2 expansion of LNG Canada’s Kitimat facility, which will double capacity of liquified natural gas to 28 million metric tons per annum, the development of Foran Mining’s (TSX:FOM) McIlvenna Bay copper-zinc mine in Saskatchewan, and an expansion of Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) and Imperial Metals’ (TSX:III) Red Chris copper-gold mine in Northern British Columbia.

Carney also stated that a second set of projects would be announced before the CFL’s Grey Cup on November 16.

In major M&A news, mining giants Teck (TSX:TECK.B,TSX:TECK.A,NYSE:TECK) and Anglo American (LSE:AAL,OTCQX:AAUKF) announced on Monday (September 8) that they would combine in a US$70 billion “merger of equals.” If approved, the resulting company will be called Anglo Teck, and will be headquartered in Vancouver, British Columbia.

In a news release, Teck said the deal would create US$800 million in pre-tax recurring annual synergies by year four, with US$1.4 billion in pre-tax yearly earnings from optimizations at the adjacent Collahuasi and Quebrada Blanca copper mines in Chile.

Barrick Mining (TSX:ABX,NYSE:B) announced on Wednesday (September 10) that it had reached an agreement to sell its Hemlo Gold Mine in Ontario to Carcetti Capital, which will be renamed Hemlo Mining, for gross proceeds of US$1.09 billion through a combination of cash and shares.

The sale marks Barrick’s continued divestment of non-core assets following the sale of its Donlin and Alturas projects earlier in the year.

Also, this week saw the TSX release its annual TSX30 top companies list, which included 17 resource companies, 15 of which are precious-metals-focused. The top three precious metals stocks were Lundin Gold (TSX:LUG,OTCQX:LUGDF), Avino Silver & Gold (TSX:ASM) and New Gold (TSX:NGD,NYSE:NGD). The top overall company was Celestica (TSX:CLS), which focuses on AI supply chain optimizations.

In other TSX news, Newmont applied to delist its shares from the exchange on Wednesday citing low trading volumes. The company has been looking to cut overhead in recent years, and the move could lower administrative costs and improve efficiency, Reuters reports.

South of the border, the US Bureau of Labor Statistics released its consumer price index data on Thursday, which showed inflation had ticked up to 2.9 percent over the same period last year. The numbers, along with last week’s weak jobs report, will be factors for the Federal Reserve when it meets for its September meeting next week.

As of Friday afternoon, over 95 percent of analysts are expecting the central bank to make a 25 point cut to the rate, bringing it to the 4 to 4.25 percent range.

For more on what’s moving markets this week, check out our top market news.

Markets and commodities react

Canadian equity markets were mostly positive this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) set another new record high on Thursday, climbing to 29,409.74 before retreating to end the week up 0.97 percent to 29,283.82.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, climbing 3.67 percent to finish Friday at 879.67. However, the CSE Composite Index (CSE:CSECOMP) went the opposite direction, shedding 2.17 percent to end the week at 153.81.

The gold price was in focus again this week as it climbed to a new record high of US$3,667 per ounce on Tuesday, as analysts predict a rate cut by the Federal Reserve when it meets next week. Gold ended the week up 2.74 percent at US$3,642.70 per ounce.

Silver had a similarly explosive week, climbing past US$42 per ounce for the first time since 2011 and gaining 3.82 percent on the week to close Friday at US$42.16.

Copper also saw gains this week rising 2.17 percent to US$4.65 per pound. Meanwhile, the S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) posted a slight decrease of 0.1 percent to end the week at 548.34.

Top Canadian mining stocks this week

​How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.​

1. Guardian Exploration (TSXV:GX)

Weekly gain: 94.44 percent
Market cap: C$14.34 million
Share price: C$0.175

Guardian Exploration is an exploration and development company with a portfolio of oil and gas and mineral properties.

Among its properties is the Sun Dog gold project covering an area of 9,415 hectares in the Kivalliq Region in Nunavut, Canada. The site is located near the historic Cullaton Lake mine, which produced 100,000 ounces of gold between October 1981 and September 1985.

The company acquired the project on May 2 from New Break Resources (CSE:NBRK). Under the terms of the deal, Guardian received a 100 percent interest in the property, along with mineral rights and 60 drums of Jet A fuel in exchange for 5 million shares and a cash payment of C$75,000.

Guardian also reimbursed New Break C$18,830 for annual rent and granted New Break the option to buy back a 20 percent interest in the property for C$1.00.

The most recent news from the project came on Monday, when the company reported that it is commencing a one-month field program at the site that will include geological mapping, soil sampling and trenching. Guardian plans to perform follow-up exploration and drilling in 2026.

2. Sokoman Minerals (TSXV:SIC)

Weekly gain: 80 percent
Market cap: C$13.57 million
Share price: C$0.045

Sokoman Minerals is a discovery-oriented company with a portfolio of gold projects and one of the largest land positions in Newfoundland and Labrador, Canada. It also owns a 40 percent stake in the Killick lithium project, a 40/40/20 joint venture with Benton Resources (TSXV:BEX,OTC:BNTRF) and Piedmont Lithium (OTC Pink:PLLTL).

Its primary focus is on its flagship Moosehead gold project located in Central Newfoundland. The advanced project consists of 98 claims covering 2,450 hectares and hosts an orogenic Fosterville-style gold system, according to Sokoman. The company has defined seven zones with high-grade mineralization through over 130,000 meters of drilling.

Sokomon announced on Friday that it was commencing diamond drilling at the site with the focus on testing the Eastern and Western Trend gold zones for depth extensions as well as undiscovered parallel zones. The drill holes will test to a depth of 1,000 meters.

Additionally, the company reported on September 2 that it expanded its land position at its Crippleback Lake gold-copper property to 13,000 hectares and planned to mobilize for induced polarization surveys, sampling and mapping of the site immediately.

3. CopAur Minerals (TSXV:CPAU)

Weekly gain: 61.11 percent
Market cap: C$11.84 million
Share price: C$0.145

CopAur is a gold exploration and development company advancing its flagship Kinsley Mountain oxide gold project in Nevada, United States.

The project is home to a historic open pit gold mine that produced approximately 138,000 ounces between 1995 and 1999. According to the project page, the property hosts an indicated mineral resource of 418,000 ounces of gold with an average grade of 2.63 grams per metric ton (g/t) gold.

On August 7, the company announced that it was shifting its full focus to advance work at its Kinsey Mountain project.

The company’s most recent news came on Monday when it reported that it had hired Andrew Neale as its new CEO. Neale brings more than 35 years of mining experience to CopAur and has held senior positions with Freeport-McMoRan (NYSE:FCX) where he oversaw operations at its Grasberg copper-gold mine in Indonesia.

The company added that it was currently awaiting a decision from the Nevada Bureau of Land Management on a pair of permits for the Kinsey Mountain site, with one allowing it to test for reclamation at the heap leach pad and the other to allow it to restart production.

4. Silver North Resources (TSXV:SNAG)

Weekly gain: 60 percent
Market cap: C$26.72 million
Share price: C$0.40

Silver North Resources is primarily focused on advancing a portfolio of silver assets in the Yukon, Canada.

Its flagship Haldane silver project covers an area of 8,164 hectares in the Yukon’s Keno Hill Silver District and has seen silver exploration dating back to the late 1800s. The property hosts several deposits, including the Main Fault and the West Fault targets, which have produced high-grade silver assays up to 3,267 g/t over 1.26 meters at the West Fault and both zones hosting additional amounts of gold, lead, and zinc.

The company announced on August 15 that it commenced a 10 hole drill program at Haldane to follow up on the discovery of the Main Fault zone in 2024.

Additionally, the company announced on August 20 that it had begun its initial exploration program at the Veronica property at its GDR project in the Yukon. The program is eligible for partial funding up to C$30,000 as part of the Yukon Mineral Exploration Program.

5. Blue Star Gold (TSXV:BAU)

Weekly gain: 53.12 percent
Market cap: C$25.67 million
Share price: C$0.245

Blue Star Gold is a gold exploration and development company operating in Nunavut, Canada.

Its flagship asset is the Ulu gold project, which includes the Ulu mining lease and the Hood River property, together forming a 12,000 hectare land package. The property features a renewable 21 year mining lease for the advanced-stage Flood Zone deposit.

As per a February 2023 updated mineral resource estimate (MRE), Ulu holds a measured and indicated resource of 572,000 ounces of gold from 2.54 million metric tons of ore at an average grade of 7.02 g/t gold, along with an additional inferred resource of 303,000 ounces of gold from 1.28 million metric tons of ore at 7.34 g/t.

Blue Star also owns the Roma gold project, located on 11,532 hectares of crown mineral claims and 4,119 hectares of mineral exploration agreements in Nunavut’s High Lake greenstone belt.

On Wednesday, Blue Star reported results from surface samples at its Auma prospect at Roma. The company said it had collected a total of 133 samples, with 44 returning gold grades above 1 g/t, including two samples with grades of 151 g/t and 125 g/t gold. The sampling program extended Zone 3, which is untested by drilling, by an additional 35 meters for a strike length of 130 meters.

Additionally, Blue Star also found high values of copper in quartz veining, with one sample producing a grade of 7.64 g/t gold and 4.2 percent copper.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Top 5 Canadian Mining Stocks This Week: Kirkland Lake Discovery Gains 88 Percent

Top 5 Canadian Mining Stocks This Week: Kirkland Lake Discovery Gains 88 PercentTop 5 Canadian Mining Stocks This Week: San Lorenzo Gold Shines with 329 Percent Gain

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Food truck catches fire, fills ACC stadium with smoke

For fans tuned in to the Thursday night college football matchup between Wake Forest and NC State, no, that’s not fog overtaking the stadium.

That would be smoke from a food truck, as Choc’s Barbecue Co. and Southern Catering caught on fire just outside Allegacy Stadium in Winston-Salem, North Carolina, on Sept. 11. ESPN’s broadcast even gave viewers a close-up view of the fire, showing a person attempting to extinguish it while inside the truck.

Thankfully, the fire doesn’t appear to be a serious danger to anyone in attendance at the game.

The fire broke out late in the first quarter just before North Carolina State scored its first touchdown of the game on a 5-yard pass from CJ Bailey to Justin Joly. There has already been plenty of offense, with Wake Forest leading 24-17 at halftime.

There has been a little bit of everything in Wake Forest-North Carolina State, a matchup between two teams expected to finish near the bottom of the ACC in 2025. The game opened with a 98-yard kick return by Wake Forest’s Chris Barnes. Barnes then set up a touchdown on the Demon Deacons’ first drive after a 70-yard catch.

Wake Forest also has four passes of over 25 yards or more already, as quarterback Robby Ashford is 13 of 16 passing for 204 yards, although he has thrown an interception.

The ACC matchup has certainly been interesting, and kicks off Week 3 by keeping college football fans on their toes, as always.

This post appeared first on USA TODAY

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WNBA playoff seeding: Valkyries fall, Aces rise in standings

The final day of the 2025 WNBA regular season mimicked a game of musical chairs.

The Golden State Valkyries controlled their own destiny, needing a win over the No. 1 overall seed Minnesota Lynx to lock in the No. 7 seed. The Valkyries weren’t up to the challenge, suffering a 72-53 loss at Target Center to end the season on a three-game skid. With the loss, the Valkyries drop to the No. 8 seed and, to add insult to injury, set up a first-round matchup against the Lynx, who they lost to four times in the regular season.

The Las Vegas Aces also held their future in their hands. With their win over the Los Angeles Sparks on Thursday, which marks their 16th consecutive win of the season, the Aces moved up to the No. 2 seed to face the No. 7 Seattle Storm in the first-round. The Aces are 2-2 against the Storm.

Here’s how the standings shake out after those key matchups:

WNBA first-round matchups bracket

  • No. 1 Minnesota Lynx vs. No. 8 Golden State Valkyries
  • No. 2 Las Vegas Aces vs. No. 7 Seattle Storm
  • No. 3 Atlanta Dream vs. No. 6 Indiana Fever
  • No. 4 Phoenix Mercury vs. No. 5 New York Liberty

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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Packers, Jordan Love shine vs. Commanders in Thursday night game

The first ‘Thursday Night Football’ matchup of the 2025 NFL season on Prime between two NFC championship contenders did not disappoint.

The Green Bay Packers and Washington Commanders kicked off Week 2 with both sides looking for a statement win.

The home team dominated from start to finish, ultimately winning 27-18.

Parsons made his presence felt all night. Meanwhile, Jordan Love and the Packers offense were able to move the ball methodically throughout the night. Love finished with 292 yards and two passing touchdowns. Tucker Kraft contributed in a big way with a team-high 6 grabs for 124 yards and a touchdown.

The Packers put the rest of the NFL on notice tonight and USA TODAY Sports tracked the action from Thursday night’s Packers vs. Commanders game. Below is a look at the highlights and notable moments from the contest.

Final score: Packers 27, Commanders 18

Commanders fail to convert fourth-and-10, Packers take over

Down two scores, the Commanders went for it on fourth down but failed to convert. Green Bay will take over with 52 seconds remaining and kneel the clock out the rest of the way.

Packers forced to punt, setting up Commanders for 2-minute drill

The Commanders forced the Packers into a 3-and-out. Washington’s drive starts at its own 20-yard line with 1:47 left in the game. The visitors are in desperation mode, down two scores.

Deebo Samuel scores TD, Commanders cut into Packers lead

Washington refuses to go down without a fight. Jayden Daniels led the offense down the field 65 yards in 10 plays. The drive ended with Daniels connecting with Samuel on a 5-yard pass, and then the Commanders attempted a two-point conversion that was successful with a catch by Luke McCaffrey.

On the ensuing kickoff, the Commanders attempted an unsuccessful onside kick. Green Bay will start its next drive on its own 48-yard line with 2:53 remaining.

Packers 27, Commanders 18

Packers extend lead with Brandon McManus long field goal

The Packers failed to run more time off the clock but after forcing the turnover on downs were already in field goal range.

Matt LaFleur sent McManus onto the field and the veteran kicker nailed a 56-yard attempt. Green Bay has extended the lead to 17 with 6:42 left in the fourth quarter.

Packers 27, Commanders 10

Commanders go for it on fourth-and-4, fail to convert

The Commanders are feeling the pressure to keep up with the Packers and went for it on fourth down. Jayden Daniels attempted a pass to Jaylin Lane on fourth-and-4, but the pass fell incomplete with Keisean Nixon in tight coverage.

After the incompletion and a turnover on downs, Green Bay takes over on Washington’s 40-yard line with 7:42 to go.

Packers respond with Tucker Kraft TD, extend lead 24-10

The Packers methodically moved the ball down the field on Washington. Driving 65 yards resulting in an 8-yard touchdown catch by tight end Tucker Kraft. He adds to his big night with 6 receptions for 124 yards and a score.

Packers 24, Commanders 10

Zach Ertz hauls in Commanders first TD of the game, trailing 17-10

Jayden Daniels connected with his 34-year-old tight end for a 20-yard touchdown as the Commanders find the end zone for the first time tonight. Ertz is Washington’s leading receiver in the game to this point with four receptions for 49 yards and a score. Matt Gay’s extra point attempt is good, cutting the lead to seven with 13:45 to go in the fourth quarter.

Packers 17, Commanders 10

End of third quarter: Commanders driving but trail 17-3

The Packers put a long drive together on their first drive of the second half, but weren’t able to find the end zone after creating a goal-to-go opportunity. They settled for a short field goal by Brandon McManus and extended their lead.

Meanwhile, Jayden Daniels and Washington is driving into Green Bay territory entering the final quarter. Two plays before the end of the quarter, Washington went for it on 4th and 7. A defensive holding penalty awarded Washington an automatic first down. They have the ball on Green Bay’s 32-yard line to open the fourth quarter.

Commanders defense answers, forces Packers into 3-and-out

After Washington’s offense went 3-and-out, the Commanders defense managed to get a quick stop of their own. Jaylin Lane had another solid return, so Jayden Daniels and Co. will get the ball near midfield, trailing by 14 with 3:31 left in the third quarter.

Commanders go 3-and-out, punt ball back to Packers

Washington remains unable to move the ball on offense. The Commanders gained just seven yards on the drive and gave the ball back to the Packers, who are leading by 14 with 5:07 left in the third quarter.

Green Bay has thus far outgained Washington 343-99 in a thoroughly dominant performance.

Packers extend lead with Brandon McManus chip-shot field goal

The Packers ran 5:17 off the clock on their first drive of the second half, but weren’t able to find the end zone after creating a goal-to-go opportunity.

Matt LaFleur marched McManus onto the field and the veteran nailed a 22-yard kick. That extended Green Bay’s lead back to 14 with 6:37 left in the third quarter.

Packers 17, Commanders 3

Matt Gay doinks 52-yard field goal for second straight miss

The Commanders once again got into scoring range but couldn’t convert. After missing to the left, Gay overcorrected, launching his latest 52-yard kick off the right upright.

The Packers defense deserves credit for forcing Washington into another long field goal attempt. Edgerrin Cooper and Micah Parsons got to Jayden Daniels on a third-and-medium and brought him down for a shared sack.

Deatrich Wise injury update

Like Reed, Wise has been ruled out for the remainder of the game because of a quad injury.

Jayden Reed injury update: Packers WR ruled out

Reed’s absence should create more opportunities for Romeo Doubs, Matthew Golden and Dontavyion Wicks at receiver while tight end Tucker Kraft could also see more looks.

Who is the Packers defensive coordinator?

Jeff Hafley is the Packers defensive coordinator. The 46-year-old is in his second year in the role after vacating his post as Boston College’s head coach to take on the job.

The Packers ranked fifth in the NFL in defensive EPA per play in 2024. They allowed the fifth-fewest yards and the sixth-fewest points in the NFL.

Jordan Love stats at halftime

Love had a terrific first half against the Commanders, logging the most passing yards in a first half of a game in his career. Below is a look at his stats from the first two quarters:

  • Completions/attempts (%): 13/18 (72.2%)
  • Passing yards: 214
  • Passing TDs: 1
  • INTs: 0
  • Yards/attempt: 11.9
  • Rating: 130.3

Love also ran for 14 yards on his lone scramble of the first half.

Jayden Daniels stats at halftime

Daniels settled for a lot of checkdowns early in the game and has been held in check by the Packers for the most part. Below is a look at his stats from the first two quarters:

  • Completions/attempts (%): 9/15 (60%)
  • Passing yards: 49
  • Passing TDs: 0
  • INTs: 0
  • Rating: 65.7

Daniels is also the Commanders’ leading rusher with 14 yards on three carries.

Halftime score update: Packers lead 14-3 after Brandon McManus clanks 48-yarder off upright

The Packers had a chance to extend their lead to an even 14 point before halftime. However, McManus’ kick doinked off the left upright, meaning the teams traded missed field goals to end the first half.

Green Bay has outgained Washington 274-82 through two quarters, with Jordan Love passing for 214 yards and a touchdown and Josh Jacobs adding 42 yards and a score on the ground.

The Commanders started slowly, but Jayden Daniels has showed signs of life on recent drives, twice getting Washington into long field goal range. Dan Quinn’s team will get the ball back to start the second half and will look to cut into Green Bay’s 11-point lead.

Packers 14, Commanders 3

Matt Gay misses 58-yard field goal with 14 seconds in first half

Gay’s first field goal attempt from 51 yards just snuck inside the left upright. His second curled outside it, giving the Packers the ball back just shy of midfield with 14 seconds and three timeouts left before halftime.

Packers forced to punt, setting up Commanders for 2-minute drill

The Commanders forced the Packers into a 3-and-out thanks, in part, to a John FitzPatrick holding penalty on a second-and-short. A nice, 24-yard punt return by Jaylin Lane sets Washington up at the 43-yard line, positioning them to get into scoring range before halftime.

Commanders get on board with 51-yard Matt Gay field goal

The Commanders are finally on the board. Jayden Daniels and the Washington offense generated some momentum on their fourth drive, but they weren’t able to convert a third-and-5 to get closer to the red zone.

As a result, Gay matched on to try the 51-yard kick. He fit it inside the left upright to cut Washington’s deficit to 11 points.

Packers 14, Commanders 3

Is Luke McCaffrey related to Christian McCaffrey?

Yes, Luke McCaffrey is Christian McCaffrey’s younger brother. The younger McCaffrey was selected by the Commanders in the third round of the 2024 NFL Draft and had 18 catches for 168 yards during his rookie season.

Deatrich Wise carted off the field after suffering leg injury

Wise suffered a nasty-looking injury on the extra point attempt following Green Bay’s second touchdown. The Commanders defender was attempting to block the field goal when, while jumping, he had a member of the Packers’ blocking unit roll on his right leg.

Wise was carted off because of the injury, apparently wearing a brace on his injured leg.

Josh Jacobs punches in 2-yard TD to cap 92-yard drive

For the second time tonight, the Packers have logged a touchdown drive longer than 92 yards. This time, Jacobs finished the drive with a powerful, 2-yard plunge to put Green Bay up two scores.

Brandon McManus made the extra point to extend Green Bay’s lead to 14.

Packers 14, Commanders 0

Malik Heath makes impressive toe-tap catch

Jordan Love lofted a deep pass to Heath down the left sideline. Originally, it was ruled that Heath had failed to make the catch in-bounds. After review, it was revealed Heath had gotten both of his feet down, resulting in a 37-yard completion.

Commanders punt again after Keisean Nixon knocks pass out of Noah Brown’s hands

Brown had a chance to make a first-down catch, but Nixon made a nice recovery on the play and managed to knock the ball out of his hands. Tress Way’s punt once again is downed inside the 10-yard line, so the Packers will start deep in their own territory.

Trey Amos injury update

The Commanders announced that Amos, a second-round rookie who is one of the team’s starting cornerbacks, is questionable to return with a shoulder injury.

End of first quarter: Packers set to punt but lead 7-0

The Packers weren’t able to do much on their third offensive drive, and are likely set to punt on fourth-and-4 from their own 30-yard line when the second quarter begins.

Thus far, Jordan Love has been the better of the two quarterbacks, completing 8 of 11 passes for 128 yards and a touchdown. He was sacked on the Packers’ most recent drive, but he has generally been well-protected despite being behind a Green Bay offensive line missing two starters (LG Aaron Banks and RT Zach Tom).

Jayden Daniels has completed all three of his passes, but he hasn’t been able to get the ball downfield. The Commanders have just 11 total yards of offense on six offensive plays and will need to create some more explosive plays to do damage against Jeff Hafley’s defense.

Commanders go 3-and-out for second time

So far, the Packers have done a good job of making Jayden Daniels and the Commanders offense look uncomfortable. Green Bay hasn’t allowed Washington to run the ball while Daniels has been forced to check the ball down on each of his three pass attempts so far.

Tress Way punts the ball back to the Packers, and Green Bay will have a chance to build on its seven-point lead.

Jordan Love hits Romeo Doubs for 5-yard TD to open scoring

The Packers started their second drive on their own 4-yard line. They marched 96 yards in seven plays, with Tucker Kraft’s 57-yard reception being the driving force behind their offensive success.

Green Bay capped off the drive with a 5-yard TD pass from Love to Doubs, during which the Packers bluffed like they were going to run it but dropped straight into a one-man route. Doubs got open on the slant while Brandon McManus’ extra point extended the Packers’ lead to 7.

Packers 7, Commanders 0

Jordan Love scrambles for 14 yards on third-and-9

Love didn’t run a lot during the 2024 NFL season while nursing a knee injury. He showed off his mobility early in Thursday’s game, running for 14 yards while impressively bouncing off a tackle to set up a goal-to-go opportunity.

What is on Romeo Doubs’ helmet?

Doubs is one of the NFL players who wears a Guardian Cap, a soft-shell helmet cover that is meant to help reduce concussions. Doubs has a history of concussions, so the Guardian Cap will add him an extra layer of security.

Why are the Packers wearing white today?

The Packers are wearing all white as part of their second annual ‘Winter Warning whiteout’ game. The uniform combination includes Green Bay’s alternate white helmet, which adds to the ‘blizzard’ effect the team is attempting to achieve.

Commanders go 3-and-out on first possession

The Commanders were unable to move the ball much on their first possession. Jayden Daniels was able to complete a couple of checkdowns to Austin Ekeler, but a loss of a few yards on a second-down sack prevented Washington from making the line to gain.

Tress Way launched an impressive 57-yard punt that backed up Matthew Golden to his own 4-yard line. Percy Butler was able to hit Golden as he caught the ball, meaning the Packers will have to start deep in their own territory on their second possession.

Jayden Reed injury update

Reed was injured on the Packers’ opening drive after making a touchdown catch that was wiped out by a penalty. He went to the ground hard and came up favoring his right shoulder.

Reed was able to walk off the field under his own power, but he wasn’t moving his arm much. The Packers didn’t immediately provide an update on the receiver’s condition.

Packers go for it on fourth-and-3, Trey Amos breaks up potential TD pass

After gaining 16 yards on a third-and-19 dump-off to running back Chris Brooks, Matt LaFleur decided to eschew a field goal and have his offense go for it on fourth-and-3. 

Jordan Love had first-round rookie Matthew Golden streaking open down the middle of the field, but fellow rookie defensive back Trey Amos managed to recover and knock the ball to the ground.

What time does Packers vs. Commanders start?

  • Start time: 8:15 p.m.

The Week 2 ‘Thursday Night Football’ matchup between Green Bay and Washington kicks off at 8:15 p.m. ET (7:15 p.m. CT).

What TV channel is Packers vs. Commanders on?

  • Green Bay market: WGBA-TV (NBC26)
  • Milwaukee market: WITI-TV (Fox 6)
  • Washington D.C. market: WTTG-TV (Fox 5)

For those in local markets, the game will air on NBC (Green Bay) and Fox (Milwaukee and Washington).

National viewers will have to stream the matchup on Amazon Prime Video, the home of ‘TNF.’

Watch ‘Thursday Night Football’ with Amazon Prime

Packers vs. Commanders odds, moneyline, O/U

Packers vs. Commanders prediction

Week 2 kicks off at historic Lambeau Field, a difficult place to play for visiting opponents. Both the Packers and Commanders are contenders this season and are coming off Week 1 victories. Green Bay’s defense was terrific against the Lions, holding Detroit to just 13 points. Meanwhile, the Commanders could be a bit undervalued after they made it look easy against the Giants last week. Still, they finished 20th in pass defense DVOA a season ago, and Jordan Love is healthy.

Green Bay is 4-1 against-the-spread (ATS) in its last five home games and is a 3-point favorite on Thursday night. The Packers defense held the Lions to a measly 2.1 yards per carry in Week 1. The Packers will slow down Jayden Daniels with the help of their newest addition, Micah Parsons, and get a statement win in primetime. –Tom Viera

Prediction: Packers 24, Commanders 20

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Packers vs. Commanders live stream

‘Thursday Night Football’ is only available to National viewers via streaming on Amazon Prime Video, the home of ‘TNF.’

Watch ‘Thursday Night Football’ with Amazon Prime

Who are the ‘Thursday Night Football’ announcers for Amazon Prime Video? 

Al Michaels (play-by-play) and Kirk Herbstreit (analyst) will be in the broadcast booth for Prime Video, with Kaylee Hartung (sideline) and Terry McAulay (rules analyst) providing additional coverage.  

The Prime Video pregame, halftime and postgame shows feature Charissa Thompson as host, as well as former NFL players Ryan Fitzpatrick, Tony Gonzalez, Richard Sherman and Andrew Whitworth as analysts.  

Taylor Rooks is the feature reporter for Prime Video’s ‘Thursday Night Football’ coverage. Albert Breer provides reports and analysis. 

NFC North standings 

  1. Green Bay Packers (1-0) 
  2. Minnesota Vikings (1-0) 
  3. Chicago Bears (0-1) 
  4. Detroit Lions (0-1) 

NFC East standings

  1. Philadelphia Eagles (1-0) 
  2. Washington Commanders (1-0) 
  3. Dallas Cowboys (0-1) 
  4. New York Giants (0-1) 

Packers inactives vs. Commanders

  • 16 CB Bo Melton
  • 39 S Zayne Anderson
  • 50 OL Zach Tom
  • 65 G Aaron Banks
  • 89 TE Ben Sims
  • 91 DL Warren Brinson

Commanders inactives vs. Packers

Jordan Love arrives for ‘Thursday Night Football’

NFL Week 1 final scores

Thursday, Sept. 4

Philadelphia Eagles 24, Dallas Cowboys 20

Friday, Sept. 5

Los Angeles Chargers 27, Kansas City Chiefs 21

Sunday, Sept. 7

  • Las Vegas Raiders 20, New England Patriots 13
  • Pittsburgh Steelers 34, New York Jets 32
  • Tampa Bay Buccaneers 23, Atlanta Falcons 20
  • Indianapolis Colts 33, Miami Dolphins 8
  • Arizona Cardinals 20, New Orleans Saints 13
  • Washington Commanders 21, New York Giants 6
  • Cincinnati Bengals 17, Cleveland Browns 16
  • Jacksonville Jaguars 26, Carolina Panthers 10
  • San Francisco 49ers 17, Seattle Seahawks 13
  • Green Bay Packers 27, Detroit Lions 13
  • Los Angeles Rams 14, Houston Texans 9
  • Denver Broncos 20, Tennessee Titans 12
  • Buffalo Bills 41, Baltimore Ravens 40

Monday, Sept. 8

  • Minnesota Vikings 27, Chicago Bears 25

Micah Parsons trade details

Packers get:

  • EDGE Micah Parsons

Cowboys get

  • DL Kenny Clark
  • 2026 first-round pick
  • 2027 first-round pick

The Green Bay Packers pulled off a stunning blockbuster when they acquired Micah Parsons from the Dallas Cowboys on eve of the 2025 NFL season. Parsons was embroiled in a contract dispute with the Cowboys and had requested a trade away from the club. However, many believed the 26-year-old edge rusher’s request was just a negotiating tactic and that a deal would eventually be struck between the two sides.

Instead, Dallas sent Parsons to Green Bay just seven days before the Cowboys opened their season against the Philadelphia Eagles. – Jacob Camenker

Which NFL team has the most Super Bowl wins? 

The Steelers are tied with the New England Patriots for the most Super Bowl wins with six. 

Pittsburgh and Dallas have the unique distinction of playing each other more than any other team combination in Super Bowl history with three matchups. 

NFL MVP odds 2025

  • 1. QB Josh Allen, Buffalo Bills (+300)
  • 2. QB Lamar Jackson, Baltimore Ravens (+400)
  • 3. QB Joe Burrow, Cincinnati Bengals (+900)
  • T4. QB Patrick Mahomes, Kansas City Chiefs (+1000)
  • T4. QB Jayden Daniels, Washington Commanders (+1000)
  • 6. QB Jordan Love, Green Bay Packers (+1200)
  • 7. QB Justin Herbert, Los Angeles Chargers (+1400)
  • 8. QB Jalen Hurts, Philadelphia Eagles (+1500)
  • 9. QB Baker Mayfield, Tampa Bay Buccaneers (+3000)

Oldest players in NFL in 2025 

Just three players in the 2025 NFL player pool are 40 years old or older: Steelers quarterback Aaron Rodgers, Jets kicker Nick Folk, and Browns quarterback Joe Flacco. 

Rodgers will turn 42 during the season, with a birthday coming the first week in December. 

Here’s the full list of the oldest players in football: 

  1. QB Aaron Rodgers, Steelers: 41 years old (Dec. 2, 1983) 
  2. K Matt Prater, Bills: 41 years old (Aug. 10, 1984) 
  3. K Nick Folk, Jets: 40 years old (Nov. 5, 1984) 
  4. QB Joe Flacco, Browns: 40 years old (Jan. 16, 1985) 
  5. C/LS J.J. Jansen, Panthers: 39 years old (Jan. 20, 1986) 
  6. C/LS Jon Weeks, 49ers: 39 years old (Feb. 17, 1986) 
  7. P Thomas Morstead, 49ers: 39 years old (March 8, 1986) 
  8. C/LS Morgan Cox, Titans: 39 years old (April 26, 1986) 
  9. QB Josh Johnson, Commanders: 39 years old (May 15, 1986) 
  10. DL Calais Campbell, Cardinals: 39 years old (Sept. 1, 1986) 

Super Bowl odds

  • 1. Buffalo Bills (+600)
  • 2. Baltimore Ravens (+650)
  • 3. Philadelphia Eagles (+700)
  • 4. Green Bay Packers (+800)
  • 5. Kansas City Chiefs (+1200)
  • 6. Detroit Lions (+1700)
  • 7. San Francisco 49ers (+1800)
  • T8. Cincinnati Bengals (+2000)
  • T8. Los Angeles Chargers (+2000)
  • T8. Los Angeles Rams (+2000)
  • T8. Washington Commanders (+2000)

Micah Parsons takes the field for his second Packers game

How old is Al Michaels?

Michaels, who is once again serving as the play-by-play voice of Amazon Prime’s ‘Thursday Night Football,’ is 80 years old. He will turn 81 in November and has worked on network sports television since 1971.

Where did Jayden Daniels go to college?

Daniels originally attended Arizona State but transferred to LSU for his final two seasons.

Daniels completed 72.2% of his passes for 3,812 yards, 40 touchdowns and four interceptions in his final season with the Tigers in 2023. He also ran for 1,134 yards and 10 touchdowns while winning the Heisman Trophy.

This post appeared first on USA TODAY

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Jayden Reed injury update: Latest news on Packers WR

The Green Bay Packers open Week 2 of the 2025 NFL season in a ‘Thursday Night Football’ matchup at home against the Washington Commanders.

The game is just minutes into the first quarter and they may be down their top wide receiver from a year ago.

Reed was slow to get up after making the catch in the end zone. He ultimately made his way to the sideline and the Packers have ruled him out of the game, per multiple reports.

Jayden Reed injury update

Packers coach Matt LaFleur told reporters after Thursday’s game that Reed had suffered a broken collarbone on the play he was injured.

‘He’ll be down for quite some time,’ LaFleur said. ‘We’ll see how fast he can recover and heal. Certainly I would expect him back at some point in the season.’

LaFleur expressed optimism about the Packers’ receiving depth behind Reed but acknowledged losing the third-year pro is ‘a big blow’ for the team.

‘He’s a guy that is a catalyst for our offense and for our football team, quite frankly,’ LaFleur said.

Reed led the Packers with 55 catches and 857 receiving yards in 2024 and his six receiving touchdowns were second-most on the team.

Packers WR depth chart

Reed is one of many wide receivers active for tonight’s game against the Commanders. Here’s how the rest of the active roster looks:

  • Romeo Doubs
  • Matthew Golden
  • Dontayvion Wicks
  • Savion Williams
  • Malik Heath

USA TODAY Sports’ Jacob Camenker contributed to this report.

This post appeared first on USA TODAY

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Commanders DE carted off, ruled out of TNF

The host Green Bay Packers scored a second touchdown on a two-yard run by Josh Jacobs. Brandon McManus nailed the extra point to give the team a 14-0 lead over the Washington Commanders.

The game stopped after the play, though, as Washington defensive lineman Deatrich Wise Jr. went down with an injury. His leg appeared to get rolled up on during the extra point attempt.

Washington’s bench cleared as all of the active players went on the field to check in on Wise.

Washington ruled him out of the rest of tonight’s game with a quad injury, per NFL Network’s Ian Rapoport.

Washington signed Wise in free agency this offseason. The New England Patriots selected him in the fourth round, No. 131 overall in the 2017 NFL Draft. He won a Super Bowl with the Patriots in his second season with the team and played a total of eight years with New England.

The 31-year-old defensive end has 34.0 career stats and was expected to take on a starting role for the third season in his career.

This file will be updated when more information is available.

This post appeared first on USA TODAY

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Newmont to Exit Toronto Stock Exchange as Cost Cuts Deepen

Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is preparing to withdraw from the Toronto Stock Exchange later this month, the latest in a string of moves to streamline operations and rein in costs following its US$15 billion takeover of Newcrest Mining in 2023.

The Denver-based miner said Wednesday it has applied for a voluntary delisting of its common shares from the TSX, effective at the close of trading on September 24.

The company cited “low trading volumes” on the Canadian exchange and said the decision is expected to “improve administrative efficiency and reduce costs for the benefit of Newmont’s shareholders.”

Newmont’s shares will continue to trade on the New York Stock Exchange, where it maintains its primary listing, as well as on the Australian Securities Exchange and the Papua New Guinea Stock Exchange under the ticker symbol NEM.

Rising costs and restructuring plans

Newmont’s all-in sustaining costs reached record levels earlier this year, eroding profits even as bullion prices hit all-time highs above US$3,500 an ounce in April and remained above US$3,300 through most of the summer.

The company has acknowledged that its cost base has outpaced peers. In the second quarter, Newmont’s costs were nearly 25 percent higher than those of Agnico Eagle Mines, a Canadian rival considered one of the industry’s leanest producers.

Costs have also risen more than 50 percent over the past five years, driven by higher energy, labor, and material prices, as well as integration expenses tied to Newcrest’s operations.

Chief Executive Officer Tom Palmer told investors in July that Newmont was pursuing additional measures to lower its expenses.

Behind the scenes, Newmont has been preparing for more aggressive measures.

People familiar with the matter told Bloomberg News that management has set an internal target to lower costs by as much as US$300 per ounce, or roughly 20 percent.

Meeting that benchmark could require thousands of layoffs across the company’s global workforce of about 22,000, excluding contractors.

While Newmont has not disclosed the scope of planned reductions, some employees have already been informed of redundancies, according to the report. Managers have also been briefed on potential curbs to long-term incentive programs as part of a broader restructuring.

A company spokesperson confirmed earlier this year that Newmont launched a cost and productivity improvement program in February.

Alongside cost cutting, Newmont has moved swiftly to divest non-core assets acquired in the Newcrest deal.

Since late 2024, the company has sold multiple Canadian operations: the Eleonore mine for about US$795 million, the Musselwhite mine in Ontario for $850 million, and its stake in the Porcupine operations for US$425 million.

The asset sales are intended not only to cut debt but also to sharpen focus on higher-margin operations, particularly in North America and Australia.

Despite higher costs, Newmont shares have surged 95 percent this year, followed by also announcing a US$3 billion share repurchase program in July.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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