d Attributable gold production outlook includes the Companys equity investment (40%) in Pueblo Viejo with ~325Koz in 2021; does not include the Companys other equity investments. Cautionary Statement Regarding Forward Looking Statements, Including Outlook: This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws.
AISC is expected to be $970 per ounce in 2021 driven by CAS. Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead. In determining AISC, only the CAS associated with producing and selling an ounce of gold is included in the measure. Production (Koz), Consolidated CAS
We are grounded in our values, with a focus on the future where we will lead the industry as we continue to set - and hold ourselves accountable to - higher standards. Each year, Newmont releases a suite of reports to provide a more detailed look at our efforts and highlight our commitment to being a sustainable business with an enduring commitment to creating shared value.
With increased availability of the COVID-19 vaccines, we took the decision we believed to be a necessary part in ending the spread of the virus by requiring vaccinations across our global workforce. (Koz, GEOs Koz), Consolidated
Costs applicable to sales per ounce/gold equivalent ounce. For a more detailed discussion of risks and other factors that might impact future looking statements, see the Companys Annual Report on Form 10-K for the year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission (the SEC), under the heading Risk Factors, as well as the COVID-19 related Risk Factor in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, filed with the SEC, available on the SEC website or www.newmont.com. Significant negative industry or economic trends, adverse social or political developments, declines in our market capitalization, geo-technical difficulties, reduced estimates of future cash flows from our reporting segments or other disruptions to our business are a few examples of events that we monitor, as they could indicate that the carrying value of the Company's long-lived assets, including development projects, may not be recoverable. Unit costs impacted by mine sequencing at Peasquito, lonore, CC&V and Porcupine which are partially offset by improved productivity and efficiencies at Musselwhite with the completion of the new conveyor system and lower mine material handling system. 2021: Production in Africa improves with Subika Underground delivering higher tonnes at Ahafo while Akyem benefits from higher grade.
($M), 2021 Consolidated Expense Outlook ($M) (+/-5%), 2021 Site Outlook
- Reclassifications (Details), Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)?????? The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced its 2021 outlook1 with attributable gold production guidance of 6.5 million ounces and AISC2 of $970 per ounce. While a reconciliation to the most directly comparable GAAP measure has been provided for 2021 AISC Gold and Co-Product Outlook on a consolidated basis, a reconciliation has not been provided on an individual site or project basis in reliance on Item 10(e)(1)(i)(B) of Regulation S-K because such reconciliation is not available without unreasonable efforts. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Paid $1.9 billion in taxes and royalties. Reclamation costs include operating accretion and amortization of asset retirement costs. To learn more about Newmonts sustainability strategy and initiatives, go to www.newmont.com. CAS improves from higher production at Ahafo with increased ore tonnes from Subika Underground and the end of stripping in the Subika open pit. Peter Toth, Executive Vice President and Chief Strategy and Sustainability Officer, discusses the 'just transition' movement in the mining industry and the challenges and opportunities it presents.
About Kopy Goldfields.
Throughout 2021, we remained steadfast, maintaining a wide range of protective measures at all our sites and locations and continuing to support host communities through our Global Community Support Fund. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Consolidated Balance Sheets (Parenthetical), Consolidated Statement Of Changes In Equity, Consolidated Statement Of Changes In Equity (Parenthetical), Consolidated Statements Of Cash Flows (Parenthetical), Consolidated Statements Of Comprehensive Income (Loss), Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical), Consolidated Statements Of Operations (Parenthetical), Business Acquisition - Fair Value Of Consideration Transferred (Details), Business Acquisition - Pro-Forma Information (Details), Business Acquisition - Purchase Price Allocation (Details), Commitments And Contingencies - Environmental Matters (Details), Commitments And Contingencies - Other Commitments And Contingencies (Details), Commitments And Contingencies - Other Legal Matters - Nwg, Etc. Copyright 2023 Surperformance. Expenditures
Our Fatality Risk Management program has been supported by a visible, felt leadership with more than half a million critical control verifications in the field completed to ensure that our critical controls are in place and understood. Our five-year outlook reflects improving production and costs as we continue to deliver value from superior operational and project execution, said Tom Palmer, President and Chief Executive Officer. Amounts may not recalculate to totals due to rounding. The Company accounts for its interest in NGM using the proportionate consolidation method, thereby recognizing its pro-rata share of the assets, liabilities and operations of NGM. Production is expected to remain between 6.2 and 6.7 million ounces per year in 2022 and 2023, respectively. Production
Click the button below to request a report when hardcopies become available.
This is supported by a steady base from Boddington, Tanami, Ahafo, Peasquito and the Companys equity ownership interest in the Nevada Gold Mines joint venture. It is our responsibility to work alongside government, investors and communities to effect change, said Newmont President and CEO Tom Palmer. Through proactive engagement, we seek to understand the effect of our actions and foster mutual value creation to promote greater socioeconomic development well beyond our direct impact so communities can thrive long after we are gone. Newmonts capital-efficient project pipeline supports stable production with improving margins and mine life. a
Newmont has developed a metric that expands on GAAP measures, such as cost of goods sold, and non-GAAP measures, such as costs applicable to sales per ounce, to provide visibility into the economics of our mining operations related to expenditures, operating performance and the ability to generate cash flow from our continuing operations. c Represents the ownership interest in the Nevada Gold Mines (NGM) joint venture. ), and Zinc ($1.05/lb.) There were 793,680,485 shares of common stock outstanding on July 18, 2022. As these costs relate to sustaining our production, and are considered a continuing cost of a mining company, these costs are included in the AISC measure. All-in Sustaining Costs per Co Product GEO, Co-Product GEO are all non-gold co-products (Peasquito silver, zinc, lead, Boddington copper). Newmont Corporation - Investors - Reports & Filings NYSE: NEM $40.68 0.10% Spot Gold: $1,955.94 0.64% TSX: NGT $54.97 -0.88% Back to Investor Relations Financial Summary Table 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 Press Release Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 *, "When we create value for all our stakeholders, we create value for our shareholders; the connection between solid ESG performance and a well-run business, TOM PALMER, President and Chief Executive Officer. The Companys world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Expenditures
Unit costs remain steady with higher production and improved productivity at Cerro Negro, offset by lower production at Yanacocha.
Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by U.S. generally accepted accounting principles (GAAP).
Investment in exploration and advanced projects is expected to be $390 million in 2021 with a full year of production at the five operations that were placed into care and maintenance in 2020 due to Covid-related precautions.
Receive updates directly to your inbox on financial news, press releases, upcoming events and presentations, performance reports, blog posts and more. Newmont Mining does not currently have any hardcopy reports on AnnualReports.com. Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1164727/000116472721000027/nem-20201231.htm. Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)??? b All-in sustaining costs or AISC as used in the Companys Outlook is a non-GAAP metric; see below for further information and reconciliation to consolidated 2021 CAS outlook. 2022-2023: Production at Boddington benefits from higher grade and improved efficiency from Autonomous Haulage beginning in 2022 before transitioning to stripping the next layback in 2023. 303.837.5468 CAS per ounce remains steady with higher grade at Akyem, offset by slightly higher costs at Ahafo due to stockpile processing and stripping from the Subika open pit. In 2021, our leading emissions targets for 2030 were validated and approved by the Science-Based Targets initiative (SBTi), providing important verification that our actions are aligned with those required to have an impact on addressing climate change. General and administrative. AISC increases in 2022 with sustaining capital spend for the tailings storage facility at Ahafo. Newmont Mining reports have an aggregate usefulness score of 4.8 based on 157 reviews.
Includes stockpile and leach pad inventory adjustments. Peasquito reaches slightly higher grade and sustains Full Potential improvements in the mill. These measures are calculated by dividing the costs applicable to sales of gold and other metals by gold ounces or gold equivalent ounces sold, respectively. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont Up 1% In US Pre-Mkt As Names New CFO; Comes After Newmont Agreed To Buy Newcres.. Newmont Maintained at Neutral by UBS After Q1 Results Top Expectations; Price Target Ke.. BMO Capital Adjusts Newmont's Price Target to $65 From $64, Keeps Outperform Rating, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Information Officer & Senior Vice President.
Click the button below to request a report when hardcopies become available. Newmont has a long history of leadership in environmental, social and governance (ESG) practices and we know that transparency is essential to building credibility and trust with stakeholders. We must create value beyond the bottom line. ), Silver ($22/oz. The allocation of these costs to gold and other metals is determined using the same allocation used in the allocation of CAS between gold and other metals at the Peasquito and Boddington mines. Newmont was founded in 1921 and has been publicly traded since 1925. About Us. The duration, scope and impact of COVID-19 presents additional uncertainties with respect to future dividends and no assurance is being provided that the Company will pay future dividends at the current payment level. 2 spot as Congo closes gap, Indonesian copper miner Amman aims to raise $880 million in IPO, NEWMONT CORPORATION : Ex-dividend day for, Indonesian copper miner Amman aims to raise $880 mln in IPO. Learn more here. Throughout, the Newmont workforce has shown agility and resilience and implemented key learnings even as the pandemic continued well into 2022.
Investors are reminded that only the third quarter has been declared by the Board of Directors at this time. courtney.boone@newmont.com, Investor Contact 303.837.5724
Our purpose is to create value and improve lives through sustainable and responsible mining. Attributable gold production is expected to be stable at 6.2 to 7.0 million ounces across the five-year period. Assumptions used for purposes of Outlook may prove to be incorrect and actual results may differ from those anticipated, including variation beyond a +/-5% range.