Newmont Announces Third Quarter 2021 Results Newmont Announces Third Quarter Results and Delivers the Gold Industry's First Autonomous Haulage System Fleet; Updates Full-year Guidance
Market Analysis » Just 72 Hours from Anarchy – Bill Holter Just 72 Hours from Anarchy – Bill Holter By Greg Hunter On October 12, 2021 In Market Analysis 4 Comments By Greg Hunter’s USAWatchdog.com
$Monroe thanks; Newmont Announces Solid Second Quarter Results NEM 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.
Newmont Announces Third Quarter 2021 Results Newmont Announces Third Quarter Results and Delivers the Gold Industry's First Autonomous Haulage System Fleet; Updates Full-year Guidance
Market Analysis » Just 72 Hours from Anarchy – Bill Holter Just 72 Hours from Anarchy – Bill Holter By Greg Hunter On October 12, 2021 In Market Analysis 4 Comments By Greg Hunter’s USAWatchdog.com
$Monroe thanks; Newmont Announces Solid Second Quarter Results NEM 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.
Press Release: Newmont Announces 2022 Guidance Webcast Today 7:32 AM ET (Dow Jones)Print Newmont Announces 2022 Guidance Webcast
DENVER--(BUSINESS WIRE)--November 09, 2021-- Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that it will release its 2022 guidance and longer-term outlook before the market opens on Thursday, December 2, 2021, and will hold a conference call at 9 a.m. Eastern Standard Time (7:00 a.m. Mountain Standard Time) the same day. The guidance webcast will also be carried on the Company's website.
Conference Call Details --------------------------------------- Dial-In Number 855.209.8210 Intl Dial-In Number 412.317.5213 Conference Name Newmont Replay Number 877.344.7529 Intl Replay Number 412.317.0088 Replay Access Code 10161944
The webcast materials will be available before the market opens on Thursday, December 2, 2021 on the "Investor Relations" section of the Company's website, www.newmont.com. Additionally, the conference call will be archived for a limited time on the Company's website.
News 
Market Data 
Discover 
AI
