DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) today announced second quarter 2025 results, an additional $3.0 billion share repurchase program and declared a dividend of $0.251 per share. 
"Newmont delivered a strong second quarter, producing approximately 1.5 million attributable gold ounces and generating an all time record quarterly free cash flow of $1.7 billion, underscoring the strength of our world-class portfolio and the disciplined execution of the commitments we shared at the beginning of the year," said Tom Palmer, Newmont's Chief Executive Officer. "We remain firmly on track to achieve our 2025 guidance as we continue to strengthen our safety culture, stabilize our operations and deliver long term value to shareholders."
Q2 2025 Results
- Reported Net Income of $2.1 billion, Adjusted Net Income (ANI)2 of $1.6 billion equating to $1.43 per diluted share and Adjusted EBITDA2 of $3.0 billion
- On track to meet Newmont's 2025 guidance3, with second quarter results in line with indications provided in February 2025
- Expect to receive more than $3.0 billion in after tax cash proceeds from the divestiture program this year including approximately $2.5 billion from divested assets4 and approximately $470 million from the sale of equity shares in Greatland Resources and Discovery Silver5
- Generated $2.4 billion of cash from operating activities, net of working capital contribution of $156 million; reported record Free Cash Flow2 of $1.7 billion
- Returned $1.0 billion of capital to shareholders through share repurchases and dividend payments since the last earnings call6; declared a dividend of $0.25 per share of common stock for the second quarter of 2025
- Newmont's Board authorized an additional $3.0 billion share repurchase program to be executed at the Company's discretion7
- Produced 1.5 million gold ounces from Newmont's Core Portfolio, as well as 36 thousand tonnes of copper
- Maintained a strong and flexible investment-grade balance sheet, ending the quarter with $6.2 billion in cash and $10.2 billion in total liquidity8
- Reduced debt by $372 million since the last earnings call; reported Net debt to Adjusted EBITDA2 of 0.1x
- Published 21st Annual Sustainability Report and 4th Annual Taxes and Royalties Contribution Report, providing a transparent review of Newmont's sustainability performance and economic contributions to the communities where we operate
| _____________________________ |
1 Newmont's Board of Directors declared a dividend of $0.25 per share of common stock for the second quarter of 2025, payable on September 29, 2025 to holders of record at the close of business on September 4, 2025. |
2 Non-GAAP metrics; see reconciliations at the end of this release. |
3 See discussion of guidance and cautionary statement at the end of this release regarding forward-looking statements. |
4 All operating sites previously announced for divestment have been sold, with the Coffee development project remaining designated as held for sale. No agreement has been reached with respect to Coffee as of the date of this release. |
5 Shares in Greatland Resources were received as part of the sale consideration for Telfer and Havieron and shares in Discovery Silver Corp were received as part of the sale consideration for Porcupine. For further details see the 'Divestiture Program Update' section below. $470 million of net proceeds from sale of equity shares includes $140 million of Discovery share sales in July. |
6 Includes $605 million of share repurchases in the second quarter of 2025 after April 24, 2025 and $145 million of share repurchases settled in July 2025. |
7 The share repurchase program will be executed at the Company's discretion. The share repurchase program permits shares to be repurchased in a variety of methods, has no time limit and may be suspended or discontinued at any time. See cautionary statement regarding forward-looking statements at end of this release. |
8 Total liquidity as of June 30, 2025 includes $4.0 billion available on a revolving credit facility. |
Summary of Second Quarter Results
|
| 2024 |
| 2025 | ||||||||||||||||||||||
|
| Q1 | Q2 | Q3 | Q4 | FY |
| Q1 | Q2 | YTD | ||||||||||||||||
Average realized gold price ($/oz) |
| $ | 2,090 |
| $ | 2,347 | $ | 2,518 | $ | 2,643 | $ | 2,408 |
| $ | 2,944 | $ | 3,320 | $ | 3,128 | |||||||
Attributable gold production (Moz)1 |
|
| 1.68 |
|
| 1.61 |
|
| 1.67 |
|
| 1.90 |
|
| 6.85 |
|
|
| 1.54 |
|
| 1.48 |
|
| 3.02 |
|
Gold Co-Product CAS ($/oz)2,3 |
| $ | 1,057 |
| $ | 1,152 |
| $ | 1,207 |
| $ | 1,096 |
| $ | 1,126 |
|
| $ | 1,227 |
| $ | 1,215 |
| $ | 1,221 |
|
Gold By-Product CAS ($/oz)3 |
| $ | 891 |
| $ | 892 |
| $ | 1,052 |
| $ | 862 |
| $ | 922 |
|
| $ | 930 |
| $ | 917 |
| $ | 924 |
|
Gold Co-Product AISC ($/oz)3 |
| $ | 1,439 |
| $ | 1,562 |
| $ | 1,611 |
| $ | 1,463 |
| $ | 1,516 |
|
| $ | 1,651 |
| $ | 1,593 |
| $ | 1,623 |
|
Gold By-Product AISC ($/oz)3 |
| $ | 1,373 |
| $ | 1,412 |
| $ | 1,542 |
| $ | 1,319 |
| $ | 1,408 |
|
| $ | 1,447 |
| $ | 1,375 |
| $ | 1,411 |
|
Net income (loss) attributable to Newmont stockholders ($M) |
| $ | 170 |
| $ | 853 |
| $ | 922 |
| $ | 1,403 |
| $ | 3,348 |
|
| $ | 1,891 |
| $ | 2,061 |
| $ | 3,952 |
|
Adjusted net income ($M)4 |
| $ | 630 |
| $ | 834 |
| $ | 936 |
| $ | 1,591 |
| $ | 3,991 |
|
| $ | 1,404 |
| $ | 1,594 |
| $ | 2,998 |
|
Adjusted net income per share ($/diluted share)4 |
| $ | 0.55 |
| $ | 0.72 |
| $ | 0.81 |
| $ | 1.40 |
| $ | 3.48 |
|
| $ | 1.25 |
| $ | 1.43 |
| $ | 2.68 |
|
Adjusted EBITDA ($M)4 |
| $ | 1,694 |
| $ | 1,966 |
| $ | 1,967 |
| $ | 3,048 |
| $ | 8,675 |
|
| $ | 2,629 |
| $ | 2,997 |
| $ | 5,626 |
|
Cash from operations before working capital ($M)5 |
| $ | 1,442 |
| $ | 1,657 |
| $ | 1,846 |
| $ | 2,398 |
| $ | 7,343 |
|
| $ | 2,172 |
| $ | 2,228 |
| $ | 4,400 |
|
Net cash from operating activities of continuing operations ($M) |
| $ | 776 |
| $ | 1,394 |
| $ | 1,637 |
| $ | 2,511 |
| $ | 6,318 |
|
| $ | 2,031 |
| $ | 2,384 |
| $ | 4,415 |
|
Capital expenditures ($M)6 |
| $ | 850 |
| $ | 800 |
| $ | 877 |
| $ | 875 |
| $ | 3,402 |
|
| $ | 826 |
| $ | 674 |
| $ | 1,500 |
|
Free cash flow ($M)7 |
| $ | (74 | ) | $ | 594 |
| $ | 760 |
| $ | 1,636 |
| $ | 2,916 |
|
| $ | 1,205 |
| $ | 1,710 |
| $ | 2,915 |
|
Second Quarter 2025 Production and Financial Summary
Attributable gold production1 decreased 4 percent to 1,478 thousand ounces from the prior quarter as expected, driven by the previously announced closing of non-core asset sales partially offset by increased production at Yanacocha from improved injection leaching, Peñasquito from higher gold grades, Nevada Gold Mines, and Boddington from higher tonnes processed following planned maintenance.
Average realized gold price was $3,320 per ounce, an increase of $376 per ounce over the prior quarter. Average realized gold price includes $3,301 per ounce of gross price received, a favorable impact of $25 per ounce mark-to-market on provisionally-priced sales and reductions of $6 per ounce for treatment and refining charges.
Gold CAS2 totaled $1.7 billion for the quarter. Gold CAS per ounce3 decreased 1 percent to $1,215 per ounce on a co-product basis compared to the prior quarter primarily due to lower direct operating costs with the completed sales of higher cost, non-core assets.
Gold AISC per ounce3 decreased 4 percent to $1,593 per ounce on a co-product basis compared to the prior quarter. Building from CAS per ounce the decrease is primarily due to $81 million lower sustaining capital spend at the Non-Core Portfolio and across the Core Portfolio, particularly at Boddington following the completion of planned maintenance, as well as Lihir and Cadia due to project timing, partially offset by seasonal increases in sustaining capital at Red Chris and Brucejack.
Net income attributable to Newmont stockholders was $2.1 billion or $1.85 per diluted share, an increase of $170 million from the prior quarter. This increase was in part driven by higher revenues and lower CAS compounded by a gain on the sale of assets held for sale of $699 million compared to a gain of $276 million in the prior quarter; partially offset by 69 percent higher income and mining taxes and a smaller net gain on the fair value of investments and options of $151 million compared to a net gain of $291 million in the prior quarter.
Adjusted net income4 for the quarter was $1.6 billion or $1.43 per diluted share, compared to $1.4 billion or $1.25 per diluted share in the prior quarter. Primary adjustments to second quarter net income includes a net gain on the sale of assets held for sale of $(699) million primarily related to the mine sales that closed in the second quarter and a net gain on the fair value of investments and options of $(151) million and a valuation allowance and other tax adjustments $167 million.
Adjusted EBITDA4 increased 14 percent to $3.0 billion, while EBITDA increased 21 percent to $3.8 billion compared to the prior quarter. The increase in EBITDA was driven by mostly by higher net income. Adjusted EBITDA excludes adjustments totaling $(806) million, primarily consisting of a net gain on the sale of assets held for sale and a net gain in the value of investments and options.
Consolidated cash from operations before working capital5 increased 3 percent from the prior quarter to $2.2 billion primarily due to higher net income.
Consolidated net cash from operating activities increased 17 percent from the prior quarter to $2.4 billion primarily due to an increase in net cash from operations before working capital. A net working capital movement in the second quarter of $156 million primarily due to a decrease in accounts receivable of $215 million from the timing of cash collections and an accrual for future tax payments of $263 million. These favorable working capital adjustments were partially offset by the continued cash spend for previously accrued reclamation activities of $185 million, primarily related to the ongoing construction of the Yanacocha water treatment plants, a build in inventory and stockpiles of $61 million due to stockpile sequencing and an increase in other assets of $89 million primarily from higher prepaid expenses in the quarter.
Income and mining cash tax paid increased 39 percent from the prior quarter to $648 million due to higher net income attributable to Newmont shareholders.
Free Cash Flow7 increased 42 percent from the prior quarter to $1.7 billion primarily due to an increase in consolidated net cash from operating activities compounded by lower capital investment.
Balance sheet and liquidity remained strong in the second quarter, ending with $6.2 billion of consolidated cash, with $10.2 billion of total liquidity; reported net debt to adjusted EBITDA of 0.1x8.
Non-Managed Joint Venture and Equity Method Investments9
Nevada Gold Mines (NGM) attributable gold production increased 11 percent to 239 thousand ounces, with a 2 percent increase in CAS per ounce to $1,448 per ounce3. AISC per ounce decreased 1 percent from the prior quarter to $1,771 per ounce3.
Pueblo Viejo (PV) attributable gold production increased 29 percent to 63 thousand ounces compared to the prior quarter. Cash distributions received for the Company's equity method investment in Pueblo Viejo totaled $40 million in the second quarter. Capital contributions of $13 million were made during the quarter related to the expansion project at Pueblo Viejo.
Fruta del Norte attributable gold production is reported on a quarter lag. Production reported in the second quarter of 2025 decreased 12 percent to 38 thousand ounces compared to the prior quarter. Cash distributions received from the Company's equity method investment in Fruta del Norte were $66 million for the second quarter.
| ___________________________________ |
1 Attributable gold production includes ounces from the Company's equity method investment in Pueblo Viejo (40%) and in Lundin Gold (32%). |
2 Consolidated Costs applicable to sales (CAS) excludes Depreciation and amortization and Reclamation and remediation. |
3 Non-GAAP measure. See end of this release for reconciliation to Costs applicable to sales. |
4 Non-GAAP measure. See end of this release for reconciliation to Net income (loss) attributable to Newmont stockholders. |
5 Cash from operations before working capital is a non-GAAP metric with the most directly comparable GAAP financial metric being to Net cash provided by (used in) operating activities, as shown reconciled in the Condensed Consolidated Statements of Cash Flows. |
6 Capital expenditures refers to Additions to property plant and mine development from the Consolidated Statements of Cash Flows. |
7 Non-GAAP measure. See end of this release for reconciliation to Net cash provided by operating activities. |
8 Non-GAAP measure. See end of this release for reconciliation. |
9 Newmont has a 38.5% interest in Nevada Gold Mines, which is accounted for using the proportionate consolidation method. In addition, Newmont has a 40% interest in Pueblo Viejo, which is accounted for as an equity method investment, as well as a 32% interest in Lundin Gold, who wholly owns and operates the Fruta del Norte mine, which is accounted for as an equity method investment on a quarter lag. |
Newmont's 2025 Guidance
Newmont remains on track to meet its previously published 2025 guidance. For more details, refer to the Company’s Fourth Quarter 2024 Earnings and 2025 Guidance press release, issued on February 20, 2025, and available on Newmont.com. Please see the cautionary statement and footnotes for additional information.
Guidance Metric (+/-5%) a | 2025E |
Attributable Gold Production (Moz) | |
Managed Core Portfolio | 4.2 |
Non-Managed Core Portfolio b | 1.4 |
Total Core Portfolio | 5.6 |
Non-Core Assets c | 0.3 |
Total Newmont Attributable Gold Production (Moz) | 5.9 |
Gold Co-Product CAS ($/oz) d | |
Managed Core Portfolio | $1,170 |
Non-Managed Core Portfolio b | $1,240 |
Total Core Portfolio | $1,180 |
Non-Core Assets | $1,450 |
Total Newmont Gold CAS ($/oz) d | $1,200 |
Gold Co-Product AISC ($/oz) d | |
Managed Core Portfolio | $1,630 |
Non-Managed Core Portfolio b | $1,555 |
Total Core Portfolio | $1,620 |
Non-Core Assets c | $1,830 |
Total Newmont Gold AISC ($/oz) d | $1,630 |
Sustaining Capital ($M) | |
Managed Core Portfolio | $1,530 |
Non-Managed Core Portfolio b | $270 |
Total Core Portfolio | $1,800 |
Non-Core Assets c | $75 |
Total Newmont Sustaining Capital c | $1,875 |
Development Capital ($M) | |
Managed Core Portfolio | $1,140 |
Non-Managed Core Portfolio b | $160 |
Total Core Portfolio | $1,300 |
Non-Core Assets c | $30 |
Total Newmont Development Capital e | $1,330 |
Consolidated Expenses | |
Exploration & Advanced Projects ($M) | $525 |
General & Administrative ($M) | $475 |
Interest Expense ($M) | $300 |
Depreciation & Amortization ($M) f | $2,600 |
Reclamation and Remediation Accretion ($M) g | $475 |
Adjusted Tax Rate h,i | 34% |
2025 GOLD PRODUCTION AND CAPITAL SEASONALITY GUIDANCE AND THIRD QUARTER COMMENTARY
Total Core Portfolio j | H1 2025E | H2 2025E |
Attributable Production | 50% | 50% |
Sustaining Capital | 43% | 57% |
Development Capital | 49% | 51% |
H1/H2 Commentary: Attributable gold production for the Core Portfolio in 2025 is expected to be approximately 50 percent weighted to the second half of the year. Production from Cadia and Peñasquito has been slightly stronger than expected in the first half of the year and is expected to decline in the second half. Increased production to offset those declines is expected in the second half of the year, primarily from the non-managed Nevada Gold Mines, Yanacocha, and the addition of Ahafo North in the fourth quarter.
Sustaining capital for the Core Portfolio is now expected to be weighted toward the second half of 2025, with optimization of road access and pit design at Lihir ongoing and investment moving to the second half of the year, the increase of sustaining capital spend at Cadia to support the long life of the operation, as well as address the historical underinvestment in tailings storage capacity, the continuation of warmer weather surface work at Red Chris and Brucejack in Canada, and a ramp up of spend at Tanami for ventilation work.
Development capital for the Core Portfolio is expected to increase in the second half of 2025 with the movement of non-critical path spend at Ahafo North as the project moves toward commercial production. Expenditures at Cadia and Tanami are expected to rise in H2 based on the timing of spend to support the major projects at those sites.
Third Quarter Commentary: Third quarter attributable production from the Core Portfolio is expected to be relatively in line with the previous quarter as expected production growth from the non-operated joint ventures as well as Cerro Negro, Brucejack, and Tanami is offset by declines at Ahafo South, Lihir, Peñasquito and Cadia. CAS per ounce unit cost is expected to be similar to the second quarter. AISC per ounce from the Core Portfolio is expected to be slightly higher than full year guidance in the third quarter due to higher sustaining capital spend as full year AISC per ounce is expected to be in line with full year guidance. Sustaining capital is expected to increase significantly from the second quarter as planned investments increase.
In the third quarter, no production or costs are anticipated from non-core assets divested in the first half of 2025. Compared to the previous quarter, third quarter free cash flow is expected to be adversely impacted by the higher capital spend, higher cash tax payments related to increased profitability in previous periods, and the continued increase in spending on construction of the Yanacocha water treatment facilities.
| ___________________________________ |
a 2025 guidance projections are considered forward-looking statements and represent management’s good faith estimates or expectations of future production results as of February 20, 2025. Guidance is based upon certain assumptions, including, but not limited to, metal prices, oil prices, certain exchange rates and other assumptions. For example, 2025 Guidance assumes $2,500/oz Au, $9,370/tonne Cu, $30/oz Ag, $2,756/tonne Zn, $2,094/tonne Pb, $0.70 AUD/USD exchange rate, $0.75 CAD/USD exchange rate and $90/barrel WTI. Production, CAS, AISC and capital estimates exclude projects that have not yet been approved. The potential impact on inventory valuation as a result of lower prices, input costs, and project decisions are not included as part of this Outlook. Assumptions used for purposes of Guidance may prove to be incorrect and actual results may differ from those anticipated, including variation beyond a +/-5% range. See cautionary statement at the end of this release. |
b Guidance for Non-managed operations provided by joint venture or operating partners. |
c Guidance for non-core assets includes, Akyem, CC&V, Porcupine, Éléonore, and Musselwhite, and reflects attributable gold production, Gold CAS, Gold AISC, sustaining capital, and development capital for the first half of 2025 only. The sale of CC&V, Éléonore, and Musselwhite closed on February 28, 2025 and the sale of Akyem and Porcupine closed April 15, 2025. See cautionary statement at the end of this release. |
d Presented on a consolidated basis and assuming a gold price of $2,500/oz. |
e Sustaining capital is presented on an attributable basis; Capital guidance excludes amounts attributable to the Pueblo Viejo joint venture. |
f Depreciation & Amortization includes Q1 2025 only for non-core assets. |
g Reclamation and Remediation Accretion represents a subset of expenses within Reclamation and Remediation expense and is exclusive of Reclamation and Remediation adjustments and other within that income statement expense line item. Reclamation and Remediation Accretion includes Q1 2025 only for non-core assets. |
h The adjusted tax rate excludes certain items such as tax valuation allowance adjustments. |
i Assuming average prices of $2,500 per ounce for gold, $9,370 per tonne for copper, $30 per ounce for silver, $2,094 per tonne for lead, and $2,756 per tonne for zinc and achievement of current production, sales and cost estimates, Newmont estimates its consolidated adjusted effective tax rate related to continuing operations for 2025 will be 34%. |
j Total Core Portfolio includes the Managed Core Portfolio and the Non-Managed Core Portfolio and does not include non-core assets divested or held for sale. |
Divestiture Program Update
In February 2024, Newmont announced the intention to divest its non-core assets, including six operations and two projects from its Australian, Ghanaian and North American business units. As of April 15, Newmont completed the sales for all non-core operations and its 70 percent interest in the Havieron project.
Total gross proceeds from announced transactions are expected to be up to $4.3 billion including contingent payments and closing adjustments. Of the total proceeds, $2.5 billion of net cash proceeds have been received year-to-date in 2025 including approximately $850 million from the sale of Porcupine and Akyem in the second quarter. Additionally, since the last earnings call Newmont sold half of its equity stake in Greatland Resources (received from the sale of Telfer and Havieron in 2024) and its entire equity stake in Discovery Silver (received from the sale of Porcupine in 2025) for net proceeds after taxes and commissions of $470 million.
Projects Update
For details on Newmont’s key projects currently in execution, refer to the Company’s Fourth Quarter 2024 Earnings and 2025 Guidance press release, issued on February 20, 2025, and available on Newmont.com. Additional project updates will be provided as they become available. Please refer to the cautionary statement and footnotes for further information.
Committed to Concurrent Reclamation
Since mines operate for a finite period, careful closure planning is crucial to address the diverse social, economic, environmental, and regulatory impacts associated with the end of mining operations. Newmont’s global Closure Strategy integrates closure planning throughout each operation’s lifespan, aiming to create enduring positive and sustainable legacies that last long after mining ceases. Newmont continues to recognize reclamation and remediation expense throughout the year. In the first half of 2025, Newmont spent $280 million on reclamation activities, including $167 million on the construction of water treatment plants at Yanacocha which is expected to continue to increase in the third quarter, with the fourth quarter planned to be the highest of the year. The Company remains on track to spend $800 million on reclamation for the full year, inclusive of $600 million allocated to the Yanacocha water treatment plants. Additional updates on reclamation spend will be provided as available.
|
| 2024 |
| 2025 | ||||||||||||||||||||||||
Operating Results |
| Q1 | Q2 | Q3 | Q4 | FY |
| Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||
Attributable Sales (koz) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Attributable gold ounces sold (1) |
|
| 1,581 |
|
| 1,528 |
|
| 1,551 |
|
| 1,811 |
|
| 6,471 |
|
|
| 1,430 |
|
| 1,363 |
|
|
|
| 2,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Average Realized Price ($/oz, $/lb) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Average realized gold price |
| $ | 2,090 |
| $ | 2,347 |
| $ | 2,518 |
| $ | 2,643 |
| $ | 2,408 |
|
| $ | 2,944 |
| $ | 3,320 |
|
|
| $ | 3,128 |
|
Average realized copper price |
| $ | 3.72 |
| $ | 4.47 |
| $ | 4.31 |
| $ | 3.57 |
| $ | 4.00 |
|
| $ | 4.65 |
| $ | 4.37 |
|
|
| $ | 4.51 |
|
Average realized silver price |
| $ | 20.41 |
| $ | 26.20 |
| $ | 25.98 |
| $ | 25.15 |
| $ | 24.13 |
|
| $ | 30.12 |
| $ | 29.50 |
|
|
| $ | 29.80 |
|
Average realized lead price |
| $ | 0.92 |
| $ | 1.05 |
| $ | 0.86 |
| $ | 0.86 |
| $ | 0.91 |
|
| $ | 0.89 |
| $ | 0.88 |
|
|
| $ | 0.88 |
|
Average realized zinc price |
| $ | 0.92 |
| $ | 1.31 |
| $ | 1.14 |
| $ | 1.21 |
| $ | 1.14 |
|
| $ | 1.13 |
| $ | 1.13 |
|
|
| $ | 1.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Attributable Gold Production (koz) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Boddington |
|
| 142 |
|
| 147 |
|
| 137 |
|
| 164 |
|
| 590 |
|
|
| 126 |
|
| 147 |
|
|
|
| 273 |
|
Tanami |
|
| 90 |
|
| 99 |
|
| 102 |
|
| 117 |
|
| 408 |
|
|
| 78 |
|
| 90 |
|
|
|
| 168 |
|
Cadia |
|
| 122 |
|
| 117 |
|
| 115 |
|
| 110 |
|
| 464 |
|
|
| 103 |
|
| 104 |
|
|
|
| 207 |
|
Lihir |
|
| 181 |
|
| 141 |
|
| 129 |
|
| 163 |
|
| 614 |
|
|
| 164 |
|
| 160 |
|
|
|
| 324 |
|
Ahafo |
|
| 190 |
|
| 184 |
|
| 213 |
|
| 211 |
|
| 798 |
|
|
| 205 |
|
| 197 |
|
|
|
| 402 |
|
Peñasquito |
|
| 45 |
|
| 64 |
|
| 63 |
|
| 127 |
|
| 299 |
|
|
| 123 |
|
| 148 |
|
|
|
| 271 |
|
Cerro Negro |
|
| 81 |
|
| 19 |
|
| 60 |
|
| 78 |
|
| 238 |
|
|
| 28 |
|
| 42 |
|
|
|
| 70 |
|
Yanacocha |
|
| 91 |
|
| 78 |
|
| 93 |
|
| 92 |
|
| 354 |
|
|
| 105 |
|
| 131 |
|
|
|
| 236 |
|
Merian (75%) |
|
| 57 |
|
| 46 |
|
| 43 |
|
| 59 |
|
| 205 |
|
|
| 47 |
|
| 40 |
|
|
|
| 87 |
|
Brucejack |
|
| 37 |
|
| 60 |
|
| 89 |
|
| 72 |
|
| 258 |
|
|
| 41 |
|
| 50 |
|
|
|
| 91 |
|
Red Chris (70%) |
|
| 6 |
|
| 9 |
|
| 9 |
|
| 16 |
|
| 40 |
|
|
| 14 |
|
| 15 |
|
|
|
| 29 |
|
Managed Core Portfolio |
|
| 1,042 |
|
| 964 |
|
| 1,053 |
|
| 1,209 |
|
| 4,268 |
|
|
| 1,034 |
|
| 1,124 |
|
|
|
| 2,158 |
|
Nevada Gold Mines (38.5%) |
|
| 264 |
|
| 253 |
|
| 242 |
|
| 280 |
|
| 1,039 |
|
|
| 216 |
|
| 239 |
|
|
|
| 455 |
|
Pueblo Viejo (40%) (2) |
|
| 54 |
|
| 53 |
|
| 66 |
|
| 62 |
|
| 235 |
|
|
| 49 |
|
| 63 |
|
|
|
| 112 |
|
Fruta Del Norte (32%) (3) |
|
| 21 |
|
| 35 |
|
| 43 |
|
| 39 |
|
| 138 |
|
|
| 43 |
|
| 38 |
|
|
|
| 81 |
|
Non-Managed Core Portfolio |
|
| 339 |
|
| 341 |
|
| 351 |
|
| 381 |
|
| 1,412 |
|
|
| 308 |
|
| 340 |
|
|
|
| 648 |
|
Total Core Portfolio |
|
| 1,381 |
|
| 1,305 |
|
| 1,404 |
|
| 1,590 |
|
| 5,680 |
|
|
| 1,342 |
|
| 1,464 |
|
|
|
| 2,806 |
|
Non-Core Assets (4) |
|
| 294 |
|
| 302 |
|
| 264 |
|
| 309 |
|
| 1,169 |
|
|
| 195 |
|
| 14 |
|
|
|
| 209 |
|
Total Attributable Gold Production |
|
| 1,675 |
|
| 1,607 |
|
| 1,668 |
|
| 1,899 |
|
| 6,849 |
|
|
| 1,537 |
|
| 1,478 |
|
|
|
| 3,015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Co-Product Production |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Red Chris copper tonnes (thousands) |
|
| 5 |
|
| 6 |
|
| 6 |
|
| 9 |
|
| 26 |
|
|
| 7 |
|
| 7 |
|
|
|
| 14 |
|
Boddington copper tonnes (thousands) |
|
| 9 |
|
| 10 |
|
| 9 |
|
| 9 |
|
| 37 |
|
|
| 7 |
|
| 7 |
|
|
|
| 14 |
|
Cadia copper tonnes (thousands) |
|
| 21 |
|
| 22 |
|
| 21 |
|
| 23 |
|
| 87 |
|
|
| 21 |
|
| 22 |
|
|
|
| 43 |
|
Telfer copper tonnes (thousands) (4) |
|
| 1 |
|
| — |
|
| 1 |
|
| 1 |
|
| 3 |
|
|
| — |
|
| — |
|
|
|
| — |
|
Total copper tonnes (thousands) |
|
| 36 |
|
| 38 |
|
| 37 |
|
| 42 |
|
| 153 |
|
|
| 35 |
|
| 36 |
|
|
|
| 71 |
|
Peñasquito silver ounces (millions) |
|
| 9 |
|
| 8 |
|
| 7 |
|
| 9 |
|
| 33 |
|
|
| 6 |
|
| 8 |
|
|
|
| 14 |
|
Peñasquito lead tonnes (thousands) |
|
| 28 |
|
| 20 |
|
| 19 |
|
| 29 |
|
| 96 |
|
|
| 22 |
|
| 27 |
|
|
|
| 49 |
|
Peñasquito zinc tonnes (thousands) |
|
| 58 |
|
| 65 |
|
| 58 |
|
| 77 |
|
| 258 |
|
|
| 59 |
|
| 67 |
|
|
|
| 126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Gold Co-Product CAS Consolidated ($/oz) |
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||
Boddington |
| $ | 1,016 |
| $ | 1,022 |
| $ | 1,098 |
| $ | 1,084 |
| $ | 1,056 |
|
| $ | 1,239 |
| $ | 1,207 |
|
|
| $ | 1,223 |
|
Tanami |
| $ | 902 |
| $ | 1,018 |
| $ | 979 |
| $ | 898 |
| $ | 947 |
|
| $ | 1,087 |
| $ | 1,278 |
|
|
| $ | 1,191 |
|
Cadia |
| $ | 648 |
| $ | 624 |
| $ | 723 |
| $ | 616 |
| $ | 653 |
|
| $ | 794 |
| $ | 805 |
|
|
| $ | 800 |
|
Lihir |
| $ | 936 |
| $ | 1,101 |
| $ | 1,619 |
| $ | 1,523 |
| $ | 1,270 |
|
| $ | 1,009 |
| $ | 1,287 |
|
|
| $ | 1,147 |
|
Ahafo |
| $ | 865 |
| $ | 976 |
| $ | 867 |
| $ | 916 |
| $ | 904 |
|
| $ | 1,238 |
| $ | 1,010 |
|
|
| $ | 1,124 |
|
Peñasquito |
| $ | 853 |
| $ | 827 |
| $ | 985 |
| $ | 630 |
| $ | 776 |
|
| $ | 898 |
| $ | 756 |
|
|
| $ | 823 |
|
Cerro Negro |
| $ | 861 |
| $ | 2,506 |
| $ | 1,535 |
| $ | 1,177 |
| $ | 1,325 |
|
| $ | 2,063 |
| $ | 2,118 |
|
|
| $ | 2,089 |
|
Yanacocha |
| $ | 972 |
| $ | 1,000 |
| $ | 1,072 |
| $ | 970 |
| $ | 1,003 |
|
| $ | 961 |
| $ | 882 |
|
|
| $ | 915 |
|
Merian (75%) |
| $ | 1,221 |
| $ | 1,546 |
| $ | 1,795 |
| $ | 1,334 |
| $ | 1,457 |
|
| $ | 1,497 |
| $ | 1,808 |
|
|
| $ | 1,679 |
|
Brucejack |
| $ | 2,175 |
| $ | 1,390 |
| $ | 970 |
| $ | 1,126 |
| $ | 1,254 |
|
| $ | 1,800 |
| $ | 1,861 |
|
|
| $ | 1,831 |
|
Red Chris (70%) |
| $ | 940 |
| $ | 951 |
| $ | 2,228 |
| $ | 901 |
| $ | 1,225 |
|
| $ | 1,106 |
| $ | 1,475 |
|
|
| $ | 1,290 |
|
Managed Core Portfolio |
| $ | 955 |
| $ | 1,053 |
| $ | 1,117 |
| $ | 1,021 |
| $ | 1,036 |
|
| $ | 1,150 |
| $ | 1,154 |
|
|
| $ | 1,152 |
|
Nevada Gold Mines (38.5%) |
| $ | 1,177 |
| $ | 1,220 |
| $ | 1,311 |
| $ | 1,177 |
| $ | 1,219 |
|
| $ | 1,426 |
| $ | 1,448 |
|
|
| $ | 1,437 |
|
Non-Managed Core Portfolio |
| $ | 1,177 |
| $ | 1,220 |
| $ | 1,311 |
| $ | 1,177 |
| $ | 1,219 |
|
| $ | 1,426 |
| $ | 1,448 |
|
|
| $ | 1,437 |
|
Total Core Portfolio |
| $ | 1,000 |
| $ | 1,087 |
| $ | 1,153 |
| $ | 1,050 |
| $ | 1,071 |
|
| $ | 1,198 |
| $ | 1,204 |
|
|
| $ | 1,202 |
|
Non-Core Assets (4) |
| $ | 1,306 |
| $ | 1,398 |
| $ | 1,474 |
| $ | 1,316 |
| $ | 1,370 |
|
| $ | 1,410 |
| $ | 2,032 |
|
|
| $ | 1,455 |
|
Total Gold co-product CAS (5) |
| $ | 1,057 |
| $ | 1,152 |
| $ | 1,207 |
| $ | 1,096 |
| $ | 1,126 |
|
| $ | 1,227 |
| $ | 1,215 |
|
|
| $ | 1,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Gold By-Product CAS ($/oz) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||
Red Chris |
| $ | (1,143 | ) | $ | (2,556 | ) | $ | 5,125 |
| $ | (1,333 | ) | $ | (256 | ) |
| $ | (1,200 | ) | $ | 71 |
|
|
| $ | (586 | ) |
Boddington |
| $ | 810 |
| $ | 750 |
| $ | 863 |
| $ | 916 |
| $ | 840 |
|
| $ | 970 |
| $ | 1,000 |
|
|
| $ | 985 |
|
Cadia |
| $ | (228 | ) | $ | (626 | ) | $ | (398 | ) | $ | (173 | ) | $ | (366 | ) |
| $ | (643 | ) | $ | (514 | ) |
|
| $ | (575 | ) |
Peñasquito |
| $ | (2,091 | ) | $ | (2,047 | ) | $ | (1,036 | ) | $ | (1,587 | ) | $ | (1,659 | ) |
| $ | (949 | ) | $ | (880 | ) |
|
| $ | (912 | ) |
Managed Core Portfolio |
| $ | 691 |
| $ | 635 |
| $ | 884 |
| $ | 677 |
| $ | 722 |
|
| $ | 733 |
| $ | 789 |
|
|
| $ | 763 |
|
Non-Managed Core Portfolio |
| $ | 1,177 |
| $ | 1,220 |
| $ | 1,311 |
| $ | 1,177 |
| $ | 1,219 |
|
| $ | 1,426 |
| $ | 1,448 |
|
|
| $ | 1,437 |
|
Total Core Portfolio |
| $ | 790 |
| $ | 756 |
| $ | 964 |
| $ | 768 |
| $ | 819 |
|
| $ | 854 |
| $ | 903 |
|
|
| $ | 880 |
|
Total Gold by-product CAS (5) |
| $ | 891 |
| $ | 892 |
| $ | 1,052 |
| $ | 862 |
| $ | 922 |
|
| $ | 930 |
| $ | 917 |
|
|
| $ | 924 |
|
Contacts
Investor Contact - Global
Neil Backhouse
investor.relations@newmont.com
Investor Contact - Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com
Media Contact - Global
Shannon Brushe
globalcommunications@newmont.com
Media Contact - Asia Pacific
Rosalie Cobai
australiacommunications@newmont.com