$Monroe thanks; Newmont Announces Solid Second Quarter Results NEM | 8 hours ago Newmont Delivers Solid Second Quarter Results; Clear Strategy to Deliver Value From Our World-Class Portfolio of Long-Life, Responsibly Managed Assets
$Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced second quarter 2021 results.
Produced 1.4 million attributable ounces of gold and 303 thousand attributable gold equivalent ounces from co-products Reported gold CAS* of $755 per ounce and AISC* of $1,035 per ounce Full-year results continue to be back-half weighted, in line with guidance ranges** Generated $993 million of cash from continuing operations and $578 million of Free Cash Flow (97 percent attributable to Newmont)* Declared second quarter dividend of $0.55 per share, consistent with the previous quarter*** Completed $149 million of share repurchases from $1 billion buyback program*** Ended the quarter with $4.6 billion of consolidated cash and $7.6 billion of liquidity with a net debt to adjusted EBITDA* ratio of 0.2x Reduced $550 million of debt outstanding with available cash in April 2021 Completed acquisition of GT Gold in May 2021, increasing our interest in the prospective Golden Triangle Approved full funding for Ahafo North in July 2021, meeting Newmont’s internal hurdle rate at the base assumption of $1,200 per ounce gold price; expecting to deliver an internal rate of return of over 30 percent at current prices Published 2020 Annual Sustainability Report, a transparent review of our Environmental, Social and Governance performance Launched first Climate Strategy Report, including pathways to achieve our climate targets "Throughout our history Newmont has taken an industry-leading approach to environmental, social and governance practices. We published our sustainability and climate-focused reports in the second quarter, demonstrating our commitment to responsible mining and doing our part in addressing climate change," said Tom Palmer, President and Chief Executive Officer. "Capitalizing on the strength of our assets and integrated operating model, Newmont delivered a solid second quarter performance with $1.6 billion in adjusted EBITDA and $578 million in free cash flow. Our performance and disciplined approach to capital allocation allowed Newmont to declare a second quarter dividend of $0.55 per share, whilst we continue to reinvest in our business through our most profitable projects. As we move into our next 100 years of mining, we remain focused on delivering value to all of our stakeholders from our world-class portfolio of long-life, responsibly managed assets located in top-tier jurisdictions."
- Tom Palmer, President and Chief Executive Officer
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.
$Monroe1 thanks; SOUTH ARTURO GOLD MINE: Located along the northern section of the productive Carlin Trend,
i-80 holds a 40% interest in the South Arturo Property in partnership with Nevada Gold Mines, a joint venture between Barrick Gold Corporation and Newmont Corporation, that owns the remaining 60% interest.
$The South Arturo Mine in Nevada is a joint venture, operated by Nevada Gold Mines LLC, with Barrick Gold Corporation (“Barrick”).
Several opportunities exist on the property including the recently developed El Nino underground mine.
El Nino is the second mine to be developed at South Arturo and as with the Phase 2 open pit it has delivered consistent results.
Second Quarter Financial Results Webcast
The Company will host a live conference call and webcast on August 11, 2021, commencing at 10:00 am ET, providing the opportunity for analysts and investors to ask questions of i-80 Gold’s executive team.
Conference Call
North American Toll-free: 1-866-248-8441
Webcast Link
Click HERE to access the webcast or visit our website at
i-80 Gold Corp is a Nevada-focused mining company aimed on achieving mid-tier gold producer status through the development of the Company’s advanced-stage project portfolio.
In addition to its producing mine, El Nino at South Arturo, i-80 is advancing economic studies and test mining at the Granite Creek Project, and planning for advanced underground exploration at the McCoy-Cove Property.
For further information, please contact:
Ewan Downie – CEO Matthew Gollat – EVP Business & Corporate Development 1.866.525.6450 Info@i80gold.com
$i-80 Gold is currently producing gold at its El Nino mine at South Arturo (joint venture with Nevada Gold Mines – a joint venture between Barrick Gold Corporation and Newmont Corporation).
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
i-80 Gold Begins Underground Drill Program At Granite Creek June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
i-80 Gold Begins Underground Drill Program At Granite Creek
i-80 Gold today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
i-80 Gold Begins Underground Drill Program At Granite Creek June 16, 2021 7:49 AM Christopher Messmer 0 Comments Gold, i-80 Gold Corp
$i-80 GOLD CORP. (TSX: IAU) today reported that the overhauling of underground drill bays has been completed, and underground drilling activities have begun at the Granite Creek property situated in Humbolt County, Nevada.
Granite Creek hosts open pit and underground resources on the property. The firms 22,000 metre drill program has begun, which focuses on both surface and underground drilling. The primary objective of the current program is to advance the project to production.
Underground drilling will be focusing on the delineating of sufficient resources for the development of a near–term mining and development plan. Surface drilling meanwhile will test mineralization for open pit definition and metallurgical purposes.
I-80 also declared that the Getchell Property is to be addressed as the Granite Creek property from this point onward. The decision was made to avoid confusion with the open pit at Getchell that’s situated at the nearby Turquoise Ridge mine property.
i-80 GOLD CORP. last traded on the TSX at $2.68.
$i-80 Gold Corp. (TSX: IAU): Newest Gold Producer in the Market. a Nevada- Focused Mining Company, Goal of Achieving Mid-Tier Gold Producer Status; Ewan Downie, CEO Interviewed By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA on 4/25/2021
We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU), the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused mining company, with a goal of achieving mid-tier gold producer status.
$The Company is currently producing gold at its El Nino mine at South Arturo (joint venture with Nevada Gold Mines – a joint venture between Barrick Gold Corporation and Newmont Corporation).
The Company is also advancing the development of its 100% owned, feasibility-stage McCoy-Cove projects, located proximal to Nevada Gold Mines’ Phoenix operation, and its past producing Getchell project that is located immediately south of Nevada Gold Mines’ Turquoise Ridge operation.
The PEA of the Getchell project is expected to be completed in H1 2021, followed by the commissioning of a Preliminary Feasibility or Feasibility Study, immediately after.
i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status. In addition to its producing mine, El Nino at South Arturo, i-80 is beginning to plan for future production growth through the potential addition of the Phases 1 & 3 projects at South Arturo and advancing the development of the Company’s Getchell and McCoy-Cove Projects.
Qualified Person
Tim George, PE, Manager of Engineering Services, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.
The primary assay laboratories for the South Arturo Mine are ALS Minerals and American Assay Labs in Reno, Nevada. For a complete description of sample preparation, analytical methods and QA/QC procedures, refer to the technical report dated January 25, 2021 (effective date December 1, 2020), titled “Preliminary Feasibility Study for the South Arturo Mine, Elko County, NV” located on i-80’s website https://i80gold.com
and at www.sedar.com.
Abbreviations used in this press release are available by following this link (click here).
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