Close the acquisition of the remaining 5% interest in Yanacocha
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 22 Apr 2022
- Due
- 30 Jun 2022
- Delivered
- June 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The acquisition of the remaining 5% interest in Yanacocha from Sumitomo Corporation is expected to close in Q2 2022.”
What we found
Evidence strength A What the grades mean
Newmont successfully completed the acquisition of the remaining 5% interest in Yanacocha from Sumitomo Corporation in June 2022, meeting the Q2 2022 deadline.
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A Newmont 8-K filed 2022-07-25
“Completed acquisition of Sumitomo Corporation's 5 percent interest in Yanacocha, increasing ownership in Sulfides project to 100 percent” ✓ confirmed on the page
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A Newmont 10-Q filed 2022-07-25
“As a result, in June 2022 the Company acquired the remaining 5% ownership interest held by Sumitomo in exchange for cash consideration of $48.” ✓ confirmed on the page
Market reaction: the shares moved -12.8% against the S&P 500 over the three sessions around the disclosure (22 Jul 2022 to 27 Jul 2022). What this measures
Checked 19 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Yanacocha 5% interest
- Target
- 5 percent
- Where
- South America
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Depends on
- Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-NEM-015228 · Corrections policy