The document provides an overview of Newmont Mining Corporation's presentation at the CIBC 17th Annual Whistler Institutional Investor Conference on January 24, 2014. It begins with cautionary statements regarding forward-looking statements and assumptions. The presentation then discusses Newmont's investment thesis, highlighting its portfolio of assets in low-risk jurisdictions and focus on highest-return opportunities. Newmont also reviews its safety record, cost reduction efforts, and growth strategy across its regions in North America, South America, Africa, Australia, Indonesia, and consolidation spending.
The document is a presentation from Newmont Mining Corporation's Chief Financial Officer given at the CIBC 19th Annual Whistler Investor Conference in January 2016. It contains forward-looking statements and discusses Newmont's strategy to create value through improving operations, strengthening its portfolio, and delivering shareholder returns. Key points include Newmont achieving significant cost reductions and productivity increases in recent years, reinvesting proceeds from non-core asset sales into longer-life, lower-cost assets, maintaining a strong balance sheet and industry-leading returns, and being prepared to adapt to different commodity price environments.
This document contains forward-looking statements regarding Newmont Mining Corporation's estimates, expectations, and assumptions around future production, costs, capital expenditures, projects, and financial performance. It cautions that actual results could differ materially from expectations due to risks and assumptions that may not prove to be correct around permitting, development, operations, commodity prices, exchange rates, and other factors. The document outlines Newmont's strategy to improve the underlying business through ongoing cost reductions, strengthen its portfolio through investments in projects like Merian and Long Canyon Phase 1, and create shareholder value through strong free cash flow and returns.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Conference on February 24, 2014. In the presentation, he discussed Newmont's strong asset portfolio, focus on cost improvements, and clear capital allocation priorities. He highlighted that in 2013, Newmont improved its business through cost reductions, increased gold production, and divested non-core assets, while maintaining financial flexibility. Goldberg projected that gold and copper production will increase over 2014-2016, and that all-in sustaining costs will remain stable, while capital expenditures will decline by around 30% from 2014 levels. Newmont will focus capital on projects that improve the portfolio and create value, exercising capital discipline.
- Newmont reported improved safety performance in 2013 with total injury rate down 28% and lost time accident frequency rate down 45% compared to 2012.
- Consolidated spending was reduced by $966 million or 14% in 2013 through cost savings initiatives, exceeding the targeted $500-750 million in reductions.
- Attributable gold production for 2013 was 5.1 million ounces, at the top end of guidance, with the successful completion of the Akyem and Phoenix copper leach projects.
Newmont Mining Corporation held a presentation at the Cowen and Company Global Metals, Mining & Materials Conference on November 12, 2013. The presentation summarized Newmont's third quarter performance, including record safety performance and cost reductions. Newmont also discussed its strategy of improving existing operations and building a lower-cost portfolio. Two new projects, Akyem in Ghana and Phoenix Copper Leach in Nevada, reached commercial production on time and on budget.
The document is an investor presentation from Newmont Mining Corporation that provides an overview of the company's operations and projects. It summarizes Newmont's track record of improving operational execution and reducing costs. It outlines a portfolio of projects expected to sustain profitable production over the next several years. These include expansions and new mines across North America, Australia, Africa, and South America. The presentation provides production and cost guidance for 2018-2022 and demonstrates Newmont's pipeline of long-term projects beyond the next 5 years.
Newmont Mining Corporation announced the acquisition of Cripple Creek & Victor gold mine from AngloGold Ashanti. The transaction is valued at $820 million and is expected to close in the third quarter of 2015 pending regulatory approval. The acquisition is expected to be value accretive by adding profitable production of 350,000 to 400,000 ounces of gold per year at costs below Newmont's average. There is also potential to improve costs and efficiency at the mine and extend the mine life beyond the current permits which extend to 2026.
- The document is a presentation from Gary Goldberg, President and CEO of Newmont Mining Corporation, at the BAML Global Metals & Mining Conference in May 2018.
- It discusses Newmont's strategy of focusing on sustainable value creation through its global portfolio of long-life assets and project pipeline, with improvements including new lower cost mines and profitable expansions.
- Newmont highlights its leading sustainability performance and top quartile total shareholder returns since 2014.
The document is a presentation from Newmont Mining Corporation's Chief Financial Officer given at the CIBC 19th Annual Whistler Investor Conference in January 2016. It contains forward-looking statements and discusses Newmont's strategy to create value through improving operations, strengthening its portfolio, and delivering shareholder returns. Key points include Newmont achieving significant cost reductions and productivity increases in recent years, reinvesting proceeds from non-core asset sales into longer-life, lower-cost assets, maintaining a strong balance sheet and industry-leading returns, and being prepared to adapt to different commodity price environments.
This document contains forward-looking statements regarding Newmont Mining Corporation's estimates, expectations, and assumptions around future production, costs, capital expenditures, projects, and financial performance. It cautions that actual results could differ materially from expectations due to risks and assumptions that may not prove to be correct around permitting, development, operations, commodity prices, exchange rates, and other factors. The document outlines Newmont's strategy to improve the underlying business through ongoing cost reductions, strengthen its portfolio through investments in projects like Merian and Long Canyon Phase 1, and create shareholder value through strong free cash flow and returns.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Conference on February 24, 2014. In the presentation, he discussed Newmont's strong asset portfolio, focus on cost improvements, and clear capital allocation priorities. He highlighted that in 2013, Newmont improved its business through cost reductions, increased gold production, and divested non-core assets, while maintaining financial flexibility. Goldberg projected that gold and copper production will increase over 2014-2016, and that all-in sustaining costs will remain stable, while capital expenditures will decline by around 30% from 2014 levels. Newmont will focus capital on projects that improve the portfolio and create value, exercising capital discipline.
- Newmont reported improved safety performance in 2013 with total injury rate down 28% and lost time accident frequency rate down 45% compared to 2012.
- Consolidated spending was reduced by $966 million or 14% in 2013 through cost savings initiatives, exceeding the targeted $500-750 million in reductions.
- Attributable gold production for 2013 was 5.1 million ounces, at the top end of guidance, with the successful completion of the Akyem and Phoenix copper leach projects.
Newmont Mining Corporation held a presentation at the Cowen and Company Global Metals, Mining & Materials Conference on November 12, 2013. The presentation summarized Newmont's third quarter performance, including record safety performance and cost reductions. Newmont also discussed its strategy of improving existing operations and building a lower-cost portfolio. Two new projects, Akyem in Ghana and Phoenix Copper Leach in Nevada, reached commercial production on time and on budget.
The document is an investor presentation from Newmont Mining Corporation that provides an overview of the company's operations and projects. It summarizes Newmont's track record of improving operational execution and reducing costs. It outlines a portfolio of projects expected to sustain profitable production over the next several years. These include expansions and new mines across North America, Australia, Africa, and South America. The presentation provides production and cost guidance for 2018-2022 and demonstrates Newmont's pipeline of long-term projects beyond the next 5 years.
Newmont Mining Corporation announced the acquisition of Cripple Creek & Victor gold mine from AngloGold Ashanti. The transaction is valued at $820 million and is expected to close in the third quarter of 2015 pending regulatory approval. The acquisition is expected to be value accretive by adding profitable production of 350,000 to 400,000 ounces of gold per year at costs below Newmont's average. There is also potential to improve costs and efficiency at the mine and extend the mine life beyond the current permits which extend to 2026.
- The document is a presentation from Gary Goldberg, President and CEO of Newmont Mining Corporation, at the BAML Global Metals & Mining Conference in May 2018.
- It discusses Newmont's strategy of focusing on sustainable value creation through its global portfolio of long-life assets and project pipeline, with improvements including new lower cost mines and profitable expansions.
- Newmont highlights its leading sustainability performance and top quartile total shareholder returns since 2014.
Goldman Sachs hosted a conference call with Laurie Brlas, EVP and CFO of Newmont Mining Corporation. Newmont delivered strong third quarter performance across operations with cost reductions and new projects starting production. Newmont is focused on improving performance through efficiency gains and growing a lower cost portfolio. Newmont reported solid financial results in challenging market conditions and is maintaining its 2013 production outlook while lowering capital spending.
- The document is a cautionary statement regarding forward-looking statements from a CIBC investor conference presentation by Laurie Brlas, CFO of Newmont Mining Corporation.
- It outlines the risks and uncertainties inherent in forward-looking estimates and projections, noting that actual results could differ materially from expectations.
- Key assumptions that could affect results include geotechnical, metallurgical and other conditions, as well as commodity prices, exchange rates, approvals and permits, and mineral reserve estimates.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference on May 14, 2013. In his presentation, he discussed Newmont's focus on operational efficiency, cost improvements, profitable production growth, and maintaining a strong balance sheet. For 2013, Newmont expects attributable gold production of 4.8-5.1 million ounces and copper production of 150-170 million pounds. Goldberg also provided regional updates on Newmont's operations and projects in North America, South America, Australia/New Zealand, Africa, and Indonesia.
Newmont Mining Corporation reported its Q2 2018 earnings. Some key points:
- Gold production was in line with guidance at 1.2 million ounces. All-in sustaining costs were $1,024 per ounce.
- Safety performance is improving through applying lessons learned from recent accidents.
- Two projects, Twin Underground and Northwest Exodus, were delivered on time and under budget.
- An agreement was reached to evaluate the world-class Galore Creek copper-gold asset through a partnership with Teck.
- Costs and capital expenditures remain on track with full-year guidance.
This document provides an investor presentation for Newmont Mining Corporation from March 2018. It includes cautionary statements regarding forward-looking statements. The presentation summarizes Newmont's steady trajectory of improved financial and operational performance from 2013 to 2017. It highlights projects in the pipeline expected to sustain profitable production through 2024. The presentation also discusses Newmont's industry-leading reserve base, balanced capital priorities of growth, debt reduction and returning cash to shareholders, and leadership in profitability and responsibility.
This document provides an agenda and materials for Newmont Mining Corporation's 2015 Investor Day held on December 3, 2015. The agenda includes presentations on Newmont's business, technical, operational and exploration outlooks. Newmont highlights its focus on running a safer business, ongoing cost improvements, disciplined project execution, and portfolio optimization through non-core asset sales and reinvestment. Metrics shown include declining injury rates, lower costs, steady production guidance, and improving financial metrics such as declining net debt and industry-leading free cash flow.
- Newmont Mining Corporation presented at the BMO Capital Markets 24th Global Metals & Mining Conference on February 23, 2015.
- The presentation covered Newmont's industry leading safety performance, delivering on its strategy to improve operations and strengthen its portfolio, and outlook for 2015-2017 with steady gold production and lowering costs.
- Newmont also discussed maintaining investment in profitable growth projects like Turf Vent Shaft, Merian, and Correnso while exploring near-mine opportunities, as well as priorities around its strong balance sheet including debt repayment and returning cash to shareholders.
Newmont Mining Corporation held an ESG briefing on May 22, 2018 to discuss their approach to sustainability. The briefing covered Newmont's environmental, social, and governance performance and strategies. Newmont's sustainability efforts are focused on minimizing risks and creating long-term value. Their sustainability framework and robust management systems aim to drive accountability and continuous improvement across their global portfolio.
Gary Goldberg, President and CEO of Newmont Mining Corporation, provided an overview of the company's performance and outlook at the BMO Capital Markets 24th Global Metals & Mining Conference on February 23, 2015. Goldberg discussed Newmont's industry-leading safety performance, $524 million in cost savings achieved, and steady gold production outlook of 4.6-4.9 million ounces from 2015-2017. Goldberg also highlighted major growth projects including Merian and Turf Vent Shaft advancing on schedule and budget that will contribute to the company's goal of an all-in sustaining cost of $925-1,025 per ounce during 2015-2017.
This document provides an investor presentation for Newmont Mining Corporation from October/November 2016. It includes the following key points:
- Newmont has improved its safety and sustainability performance significantly in recent years while also lowering costs.
- The company is focused on optimizing its existing business, strengthening its portfolio through organic growth projects, and creating shareholder value through industry-leading free cash flow and returns.
- Recent projects like Merian and Long Canyon are expected to provide over a decade of profitable production each and strengthen Newmont's portfolio.
- Newmont's exploration program has delivered over 123 million ounces of gold reserves at a finding cost of $23 per ounce since 2001.
- The company
This document provides an overview and summary of Newmont Mining Corporation's presentation at the Bank of America Merrill Lynch 2016 Canada Mining Fireside Chat conference on September 1, 2016. Some key points:
- Newmont has improved its underlying business through cost reductions, increased productivity, and higher resource estimates.
- The company has a proven track record of exploration and development successes at its Ahafo, Tanami, and Merian operations, growing reserves and resources significantly since 2003.
- Newmont has also successfully delivered first production at projects like Long Canyon and is on track to do the same at Merian and the Tanami expansion on schedule and on budget.
- The presentation outlines Newmont
This document is an investor presentation from Newmont Mining Corporation given at a BMO Metals & Mining Conference in February 2018. It summarizes Newmont's financial and operating performance in recent years, current projects and growth plans, and strategy for delivering long-term value to shareholders through profitable production, an industry-leading project pipeline, and returning cash to shareholders.
This document is an investor presentation from Newmont Mining Corporation given at a BMO Metals & Mining Conference in February 2018. It summarizes Newmont's financial and operating performance in recent years, current projects and growth plans, and strategy for delivering long-term value to shareholders through profitable production, an industry-leading project pipeline, and returning cash to shareholders.
The document is an investor presentation that provides an overview of North American Palladium (NAP). It discusses NAP's growth strategy of expanding production at its Lac des Iles mine while lowering costs. It highlights NAP's leverage to rising palladium prices given constrained mine supply and increasing demand from the automotive industry. The presentation also provides market statistics on palladium and an investment case for NAP based on its world-class palladium asset at Lac des Iles.
Newmont Mining Corporation reported its second quarter 2014 earnings. Key highlights included:
- Attributable gold production increased 5% year-over-year to 1,220 koz.
- Gold all-in sustaining costs decreased 17% to $1,063/oz.
- Capital expenditures were down 58% to $254 million for the quarter.
- The company approved the Merian gold project in Suriname, with first production expected in late 2016.
- PVA is a small-cap E&P company focused on oil and liquids-rich plays like the Eagle Ford Shale, with excellent drilling results to date in the Eagle Ford
- PVA is executing a strategy to transition from natural gas to oil and liquids, through increased drilling in plays like the Eagle Ford where it has over 23,000 net acres
- Key catalysts for PVA include further exploratory success in the Eagle Ford, improving production and cash flows from the Eagle Ford, and a potential Granite Wash asset sale to boost liquidity
This investor presentation provides an overview of North American Palladium Ltd.'s Lac des Iles palladium mine in Ontario, Canada. Some key points:
- The palladium market is expected to remain in deficit due to constrained global supply and growing demand from the automotive sector.
- Lac des Iles is a world-class asset with significant exploration potential. Production is increasing while costs are decreasing.
- In 2014, guidance includes producing 170,000-175,000 ounces of palladium at a cash cost of around $550/ounce, declining to $450/ounce by Q4.
- Exploration drilling continues to show promise in expanding the Offset Zone resource at depth and along strike.
The document discusses North American Palladium's investment case and provides an overview of the company. It summarizes that NAP operates the Lac des Iles mine, one of only two primary palladium mines in the world. NAP is undergoing an expansion to increase palladium production to over 250,000 ounces annually at reduced cash costs below $300 per ounce. The Lac des Iles mine has additional exploration upside and excess milling capacity to support future production growth.
BMO Global Metals & Mining Conference, FloridaDetourGold
- Detour Gold is a Canadian intermediate gold producer providing guidance for 2015 of 475-525 thousand ounces of gold production at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- Key targets for 2015 include improving the mining rate to 238,000 tonnes per day, mill throughput to 54,000 tonnes per day, and gold recovery to 91.5%.
- Planned sustaining capital expenditures are $90-100 million which is expected to generate $140-195 million in net cash flow for 2015 depending on gold prices.
This document provides Newmont Mining Corporation's attributable proven, probable, and combined gold reserves as of December 31, 2013 and December 31, 2012 for their North American operations. Key details include:
- Total proven and probable reserves for Nevada as of December 31, 2013 were 784,550 thousand tons at a grade of 0.040 oz/ton containing 31,000 thousand ounces of gold.
- Proven and probable reserves for La Herradura in Mexico as of the same date were 109,400 thousand tons at a grade of 0.020 oz/ton containing 2,180 thousand ounces of gold.
- The total proven and probable reserves for North America across all operations as of December 31, 2013 were 8
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Metals & Mining Conference on February 29, 2016. The presentation included forward-looking statements and cautioned that actual results could differ materially from expectations. It provided an overview of Newmont's strategy to improve the underlying business, strengthen its portfolio, and create shareholder value. Key highlights included ongoing cost and efficiency improvements, a focus on projects with long mine lives and lower costs, and strong financial and operating performance.
Newmont Mining Corporation reported its Q1 2016 results. Key highlights included:
- Gold production of 1.2 million ounces, up 4% from the prior year quarter.
- AISC of $828 per ounce and 2016 outlook lowered by $20 per ounce.
- Adjusted EBITDA of $803 million on strong operating performance.
- Free cash flow of $227 million while continuing to self-fund profitable growth projects.
Goldman Sachs hosted a conference call with Laurie Brlas, EVP and CFO of Newmont Mining Corporation. Newmont delivered strong third quarter performance across operations with cost reductions and new projects starting production. Newmont is focused on improving performance through efficiency gains and growing a lower cost portfolio. Newmont reported solid financial results in challenging market conditions and is maintaining its 2013 production outlook while lowering capital spending.
- The document is a cautionary statement regarding forward-looking statements from a CIBC investor conference presentation by Laurie Brlas, CFO of Newmont Mining Corporation.
- It outlines the risks and uncertainties inherent in forward-looking estimates and projections, noting that actual results could differ materially from expectations.
- Key assumptions that could affect results include geotechnical, metallurgical and other conditions, as well as commodity prices, exchange rates, approvals and permits, and mineral reserve estimates.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference on May 14, 2013. In his presentation, he discussed Newmont's focus on operational efficiency, cost improvements, profitable production growth, and maintaining a strong balance sheet. For 2013, Newmont expects attributable gold production of 4.8-5.1 million ounces and copper production of 150-170 million pounds. Goldberg also provided regional updates on Newmont's operations and projects in North America, South America, Australia/New Zealand, Africa, and Indonesia.
Newmont Mining Corporation reported its Q2 2018 earnings. Some key points:
- Gold production was in line with guidance at 1.2 million ounces. All-in sustaining costs were $1,024 per ounce.
- Safety performance is improving through applying lessons learned from recent accidents.
- Two projects, Twin Underground and Northwest Exodus, were delivered on time and under budget.
- An agreement was reached to evaluate the world-class Galore Creek copper-gold asset through a partnership with Teck.
- Costs and capital expenditures remain on track with full-year guidance.
This document provides an investor presentation for Newmont Mining Corporation from March 2018. It includes cautionary statements regarding forward-looking statements. The presentation summarizes Newmont's steady trajectory of improved financial and operational performance from 2013 to 2017. It highlights projects in the pipeline expected to sustain profitable production through 2024. The presentation also discusses Newmont's industry-leading reserve base, balanced capital priorities of growth, debt reduction and returning cash to shareholders, and leadership in profitability and responsibility.
This document provides an agenda and materials for Newmont Mining Corporation's 2015 Investor Day held on December 3, 2015. The agenda includes presentations on Newmont's business, technical, operational and exploration outlooks. Newmont highlights its focus on running a safer business, ongoing cost improvements, disciplined project execution, and portfolio optimization through non-core asset sales and reinvestment. Metrics shown include declining injury rates, lower costs, steady production guidance, and improving financial metrics such as declining net debt and industry-leading free cash flow.
- Newmont Mining Corporation presented at the BMO Capital Markets 24th Global Metals & Mining Conference on February 23, 2015.
- The presentation covered Newmont's industry leading safety performance, delivering on its strategy to improve operations and strengthen its portfolio, and outlook for 2015-2017 with steady gold production and lowering costs.
- Newmont also discussed maintaining investment in profitable growth projects like Turf Vent Shaft, Merian, and Correnso while exploring near-mine opportunities, as well as priorities around its strong balance sheet including debt repayment and returning cash to shareholders.
Newmont Mining Corporation held an ESG briefing on May 22, 2018 to discuss their approach to sustainability. The briefing covered Newmont's environmental, social, and governance performance and strategies. Newmont's sustainability efforts are focused on minimizing risks and creating long-term value. Their sustainability framework and robust management systems aim to drive accountability and continuous improvement across their global portfolio.
Gary Goldberg, President and CEO of Newmont Mining Corporation, provided an overview of the company's performance and outlook at the BMO Capital Markets 24th Global Metals & Mining Conference on February 23, 2015. Goldberg discussed Newmont's industry-leading safety performance, $524 million in cost savings achieved, and steady gold production outlook of 4.6-4.9 million ounces from 2015-2017. Goldberg also highlighted major growth projects including Merian and Turf Vent Shaft advancing on schedule and budget that will contribute to the company's goal of an all-in sustaining cost of $925-1,025 per ounce during 2015-2017.
This document provides an investor presentation for Newmont Mining Corporation from October/November 2016. It includes the following key points:
- Newmont has improved its safety and sustainability performance significantly in recent years while also lowering costs.
- The company is focused on optimizing its existing business, strengthening its portfolio through organic growth projects, and creating shareholder value through industry-leading free cash flow and returns.
- Recent projects like Merian and Long Canyon are expected to provide over a decade of profitable production each and strengthen Newmont's portfolio.
- Newmont's exploration program has delivered over 123 million ounces of gold reserves at a finding cost of $23 per ounce since 2001.
- The company
This document provides an overview and summary of Newmont Mining Corporation's presentation at the Bank of America Merrill Lynch 2016 Canada Mining Fireside Chat conference on September 1, 2016. Some key points:
- Newmont has improved its underlying business through cost reductions, increased productivity, and higher resource estimates.
- The company has a proven track record of exploration and development successes at its Ahafo, Tanami, and Merian operations, growing reserves and resources significantly since 2003.
- Newmont has also successfully delivered first production at projects like Long Canyon and is on track to do the same at Merian and the Tanami expansion on schedule and on budget.
- The presentation outlines Newmont
This document is an investor presentation from Newmont Mining Corporation given at a BMO Metals & Mining Conference in February 2018. It summarizes Newmont's financial and operating performance in recent years, current projects and growth plans, and strategy for delivering long-term value to shareholders through profitable production, an industry-leading project pipeline, and returning cash to shareholders.
This document is an investor presentation from Newmont Mining Corporation given at a BMO Metals & Mining Conference in February 2018. It summarizes Newmont's financial and operating performance in recent years, current projects and growth plans, and strategy for delivering long-term value to shareholders through profitable production, an industry-leading project pipeline, and returning cash to shareholders.
The document is an investor presentation that provides an overview of North American Palladium (NAP). It discusses NAP's growth strategy of expanding production at its Lac des Iles mine while lowering costs. It highlights NAP's leverage to rising palladium prices given constrained mine supply and increasing demand from the automotive industry. The presentation also provides market statistics on palladium and an investment case for NAP based on its world-class palladium asset at Lac des Iles.
Newmont Mining Corporation reported its second quarter 2014 earnings. Key highlights included:
- Attributable gold production increased 5% year-over-year to 1,220 koz.
- Gold all-in sustaining costs decreased 17% to $1,063/oz.
- Capital expenditures were down 58% to $254 million for the quarter.
- The company approved the Merian gold project in Suriname, with first production expected in late 2016.
- PVA is a small-cap E&P company focused on oil and liquids-rich plays like the Eagle Ford Shale, with excellent drilling results to date in the Eagle Ford
- PVA is executing a strategy to transition from natural gas to oil and liquids, through increased drilling in plays like the Eagle Ford where it has over 23,000 net acres
- Key catalysts for PVA include further exploratory success in the Eagle Ford, improving production and cash flows from the Eagle Ford, and a potential Granite Wash asset sale to boost liquidity
This investor presentation provides an overview of North American Palladium Ltd.'s Lac des Iles palladium mine in Ontario, Canada. Some key points:
- The palladium market is expected to remain in deficit due to constrained global supply and growing demand from the automotive sector.
- Lac des Iles is a world-class asset with significant exploration potential. Production is increasing while costs are decreasing.
- In 2014, guidance includes producing 170,000-175,000 ounces of palladium at a cash cost of around $550/ounce, declining to $450/ounce by Q4.
- Exploration drilling continues to show promise in expanding the Offset Zone resource at depth and along strike.
The document discusses North American Palladium's investment case and provides an overview of the company. It summarizes that NAP operates the Lac des Iles mine, one of only two primary palladium mines in the world. NAP is undergoing an expansion to increase palladium production to over 250,000 ounces annually at reduced cash costs below $300 per ounce. The Lac des Iles mine has additional exploration upside and excess milling capacity to support future production growth.
BMO Global Metals & Mining Conference, FloridaDetourGold
- Detour Gold is a Canadian intermediate gold producer providing guidance for 2015 of 475-525 thousand ounces of gold production at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- Key targets for 2015 include improving the mining rate to 238,000 tonnes per day, mill throughput to 54,000 tonnes per day, and gold recovery to 91.5%.
- Planned sustaining capital expenditures are $90-100 million which is expected to generate $140-195 million in net cash flow for 2015 depending on gold prices.
This document provides Newmont Mining Corporation's attributable proven, probable, and combined gold reserves as of December 31, 2013 and December 31, 2012 for their North American operations. Key details include:
- Total proven and probable reserves for Nevada as of December 31, 2013 were 784,550 thousand tons at a grade of 0.040 oz/ton containing 31,000 thousand ounces of gold.
- Proven and probable reserves for La Herradura in Mexico as of the same date were 109,400 thousand tons at a grade of 0.020 oz/ton containing 2,180 thousand ounces of gold.
- The total proven and probable reserves for North America across all operations as of December 31, 2013 were 8
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Metals & Mining Conference on February 29, 2016. The presentation included forward-looking statements and cautioned that actual results could differ materially from expectations. It provided an overview of Newmont's strategy to improve the underlying business, strengthen its portfolio, and create shareholder value. Key highlights included ongoing cost and efficiency improvements, a focus on projects with long mine lives and lower costs, and strong financial and operating performance.
Newmont Mining Corporation reported its Q1 2016 results. Key highlights included:
- Gold production of 1.2 million ounces, up 4% from the prior year quarter.
- AISC of $828 per ounce and 2016 outlook lowered by $20 per ounce.
- Adjusted EBITDA of $803 million on strong operating performance.
- Free cash flow of $227 million while continuing to self-fund profitable growth projects.
This document provides an overview of Newmont Mining Corporation's presentation at the Deutsche Bank Global Industrials and Basic Materials Conference on June 13, 2012. It discusses Newmont's strategy of profitable growth through increasing gold production to 6-7 million ounces by 2017 while maintaining disciplined returns. It also highlights Newmont's exploration potential to add over 90 million ounces of gold reserves and 9 billion pounds of copper reserves by 2020. Newmont's regional operations and projects in North America, South America, Asia Pacific, Africa are summarized.
This document contains cautionary statements regarding forward-looking statements in Gary Goldberg's presentation at the Bank of Montreal Metals and Mining Conference on February 25, 2013. It warns that actual results could differ materially from projections due to risks and uncertainties. It also notes that estimates of resources are subject to further exploration and development and are not guarantees that minerals can be economically extracted. The document outlines Newmont's priorities of strong free cash flow growth, leverage to gold prices, returning capital to shareholders, total cost management, and maximizing asset value.
- Newmont Mining Corporation reported second quarter 2013 earnings, with revenues of $2.0 billion and cash flow from continuing operations of $293 million.
- The company recorded a $1.8 billion impairment charge related to lower gold and copper pricing. Excluding this charge, production and costs were in line with expectations.
- Newmont is maintaining its 2013 production outlook but lowering its capital expenditure outlook by $200 million due to spending reductions. It is focusing on improving efficiency and developing only high-return projects to strengthen performance across commodity price cycles.
Third Quarter Earnings
- Newmont reported third quarter attributable gold production of 1.24 million ounces at an average cost of sales of $693 per ounce.
- North America operations achieved record throughput and first production at Emigrant mine. Construction is ongoing at Phoenix Copper Leach project.
- Cost reduction efforts are underway at Yanacocha in South America while the outlook for the year remains unchanged.
- Issues are being addressed at Tanami mine in Australia while the divestiture process continues for Batu Hijau in Indonesia.
Gary Goldberg Assistant: Grigore Simon Assistant: Grigore Simon Assistant: Grigore Simon
Newmont Mining Corporation | Annual Investor Day Meeting, New York City | www.newmont.com 16 May 23, 2012
Balance Sheet Strength
Strong Balance Sheet Provides Financial Flexibility to Support Growth
Investment grade balance sheet with $2.5B of liquidity at March 31, 2012
Net debt to capitalization of ~15% provides significant capacity for growth
No significant debt maturities until 2023
Strong operating cash flows support growth and returns to shareholders
Continued focus on discipl
- The document provides an earnings update and outlook for Newmont Mining Corporation for the first quarter of 2012.
- It highlights Newmont's growth potential from 2012 to 2017 through projects in its pipeline that could increase gold production to around 6 to 7 million ounces annually and potentially double copper production.
- Newmont also offers exploration upside with potential to add reserves equivalent to 90 million ounces of gold and 9 billion pounds of copper between 2011 and 2020.
The document provides an overview of Newmont Mining Corporation's African Mining INDABA 2012 conference presentation. It discusses Newmont's growth plans in Africa through 2017, including expanding gold production at its Ahafo and Akyem mines in Ghana. Newmont reports preliminary 2011 results for Ahafo that exceeded its 2010 production and costs. Construction is underway at Akyem, with production expected to begin between 2013-2014 at an annual rate of 350,000-450,000 ounces of gold at a cash cost of $450-550 per ounce.
This document provides a summary of Newmont Mining Corporation's presentation at the 2012 Diggers & Dealers Conference. The presentation discusses Newmont's strategy of achieving profitable growth through disciplined returns and exploration potential. Specifically, the presentation outlines Newmont's goal of producing between 6 to 7 million ounces of gold annually by 2017 through projects in their pipeline. It also emphasizes Newmont's strong balance sheet and commitment to returning capital to shareholders. The document contains cautionary statements regarding the use of forward-looking estimates and assumptions.
The document provides an overview of Newmont Mining Corporation's operations and outlook. It discusses Q3 2012 operational performance, with gold production of 1.24Moz at a CAS of $693/oz. It highlights the company's regional operations in North America, South America, and Asia Pacific. It also discusses the company's focus on cost control and margin protection through optimizing current operations and overhead cost reductions. The document emphasizes Newmont's commitment to delivering shareholder value through consistent production, a gold price-linked dividend, and leading reserves and production metrics per share.
Jeff Huspeni of Newmont Mining Corporation presented at the 2012 Diggers & Dealers Conference on the company's profitable growth strategy with disciplined returns. Newmont aims to grow attributable gold production to between 6 and 7 million ounces by 2017 through projects in its pipeline. It seeks returns above its cost of capital on new projects. Newmont also believes its exploration program provides an option to add around 90 million ounces of gold and 9 billion pounds of copper reserves between 2011 and 2020.
This document provides an earnings call summary and outlook for Newmont Mining Corporation for Q3 2014 and 2014-2016. It discusses maintaining safe operations, delivering on commitments through cost savings and asset sales, and financial results including cash from operations and free cash flow. The outlook expects steady gold production around 5M ounces annually with declining costs and outlines the project pipeline focusing on profitable growth.
Russell Ball, EVP and CFO of Newmont Mining Corporation, presented at the CIBC Institutional Investor Conference on January 23, 2013. Newmont's 2013 outlook reflects stable production from its portfolio, with contribution expected from the Akyem mine in late 2013. Newmont is focused on total cost management and returning capital to shareholders through its gold price-linked dividend, currently yielding approximately 3.8%. Newmont aims to create leverage through reducing its all-in sustaining costs, which are expected to be $1,100-$1,200 per ounce in 2013.
- Newmont is the second largest gold mining company with approximately 46,000 employees and operations worldwide.
- The company's current growth potential is between 6-7 million ounces of gold production by 2017 through projects in various regions.
- However, delays to the Conga project in Peru due to community unrest have reduced the company's near-term growth outlook. Newmont is reviewing cost reduction opportunities for Conga to generate acceptable returns.
- Newmont has a strong balance sheet and investment grade credit ratings to support its profitable growth strategy through various projects in its pipeline.
The document summarizes Richard O'Brien's presentation at the 2012 Denver Gold Forum on September 11, 2012. It outlines Newmont Mining Corporation's strategy to achieve profitable growth through 6-7 million ounces of annual gold production by 2017 while maintaining disciplined returns. It also highlights Newmont's exploration potential of 90 million ounces of gold reserves and 9 billion pounds of copper reserves by 2020. Additionally, the summary discusses Newmont's strong balance sheet, investment grade credit ratings, and commitment to returning capital to shareholders through an industry-leading dividend now tied to the trailing average gold price.
- Newmont Mining Corporation reported its Q3 2015 earnings results on October 29, 2015.
- In Q3 2015, gold production was up 16% compared to Q3 2014 at 1.34 million ounces. All-in sustaining costs were down 16% from Q3 2014 at $835 per ounce.
- For the full year 2015, Newmont lowered its AISC guidance by 4% and lowered capital expenditures guidance by 9% based on strong year-to-date performance.
Newmont reported its fourth quarter and full year 2012 earnings. It cautioned that the presentation contains forward-looking statements subject to risks and uncertainties. Safety is a core value, with the goal of zero harm, and the fourth quarter saw the lowest total recordable injury frequency rate below the industry threshold of 0.5. Newmont is focused on reducing costs and improving margins while returning capital to shareholders through a gold price-linked dividend, currently yielding around 4%. Production came from globally diversified operations across North America, South America, Australia/New Zealand, and Africa.
This document contains the forward-looking statements of Newmont Mining Corporation's Chief Financial Officer Laurie Brlas at the CIBC 19th Annual Whistler Investor Conference in January 2016. The statements caution that forward-looking estimates are based on assumptions that may prove incorrect, including assumptions about geology, mine plans, permits, metal prices, exchange rates, and costs. Brlas outlines Newmont's strategy to improve operations, strengthen its portfolio, and create shareholder value. Newmont has reduced costs, increased productivity and asset value through projects and divestitures while maintaining a strong balance sheet.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum on September 16, 2014. The presentation included:
1) Cautionary statements regarding forward-looking statements and underlying assumptions in estimates and expectations.
2) Newmont has industry-leading safety performance and is delivering on commitments by lowering costs and strengthening its portfolio.
3) Newmont is focused on maximizing productivity and efficiency across its global portfolio of operations and projects.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum on September 16, 2014. The presentation included:
1) Newmont has industry-leading safety performance and is delivering on commitments to lower costs and strengthen its portfolio.
2) Key projects including Merian, Turf Vent Shaft, and the Ahafo Mill Expansion are on track to optimize production.
3) Newmont has an industry-leading project pipeline and clear capital priorities to maximize value for shareholders.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum on September 16, 2014. In his presentation, he highlighted Newmont's industry-leading safety performance and progress in lowering costs and improving production outlook. He also discussed Newmont's strong and diversified portfolio of operating mines and projects, optimized project pipeline, and disciplined capital allocation approach.
This document contains cautionary statements regarding forward-looking statements made by Newmont Mining Corporation during a presentation at the Goldman Sachs Global Metals & Mining Conference on November 19-20, 2014. It warns that actual results could differ materially from projected results due to risks and uncertainties. It also lists key assumptions underlying projections including assumptions about gold and copper prices, currency exchange rates, costs, and permitting and development of projects.
Goldman Sachs Global Metals & Mining ConferenceNewmontMining
This document contains cautionary statements regarding forward-looking statements made by Newmont Mining Corporation during a presentation at the Goldman Sachs Global Metals & Mining Conference on November 19-20, 2014. It warns that actual results could differ materially from projected results due to risks and uncertainties. It also lists key assumptions underlying any projections including assumptions about gold and copper prices, currency exchange rates, costs, and approvals/permits.
This document provides a cautionary statement regarding forward-looking statements made by Newmont Mining Corporation in presentations on November 19-20, 2014. It notes that actual results could differ materially from projected results due to risks and uncertainties. It lists key assumptions underlying projections including commodity prices, exchange rates, regulations, and geological conditions. The statement is intended to satisfy SEC safe harbor rules for forward-looking statements.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BAML Metals & Mining Conference in May 2016. The presentation focused on Newmont's strategy of improving its underlying business through leading safety and cost performance, strengthening its portfolio through organic growth and transactions, and creating shareholder value through a superior balance sheet and cash flow. Newmont has reduced costs by 30% since 2012 and is building a longer-life, lower-cost asset portfolio through projects like Merian and Long Canyon.
Gary Goldberg, President and CEO of Newmont Mining Corporation, spoke at the Denver Gold Forum on September 24, 2013. He discussed Newmont's strategy of focusing on value over volume by running its existing business more efficiently through cost reductions, strengthening its portfolio with longer-life lower cost assets, and developing capabilities to gain a competitive advantage. Newmont aims to lower its all-in sustaining costs by 10-15% through 2015 by implementing efficiency improvements across its operations.
This three sentence summary provides the high level information from the investor presentation document:
The document is an investor presentation from Newmont Mining Corporation that includes forward-looking statements and cautions readers that actual results may differ. It outlines Newmont's strategy of improving operational performance, strengthening its portfolio through projects like Merian and Long Canyon, and creating shareholder value through increased free cash flow and returns. The presentation also provides updates on Newmont's safety and sustainability performance as well as its financial and operating results.
This document is an investor presentation from Newmont Mining Corporation dated December 13, 2016. It contains forward-looking statements regarding estimates and expectations of future production, costs, capital expenditures, profitability, and other metrics. It cautions that these statements are based on assumptions that may prove to be incorrect. The presentation provides an overview of Newmont's strategy to improve its underlying business, strengthen its portfolio, and create shareholder value. It summarizes recent performance results and updates to guidance. Newmont aims to maximize opportunities and manage risks across its global operations and projects.
- Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum in September 2016
- The presentation contained forward-looking statements regarding estimates and expectations of future production, costs, capital expenditures, and other metrics, which are based on certain assumptions that may prove to be incorrect
- Newmont's strategy focuses on improving the underlying business by optimizing costs, strengthening the portfolio through organic growth and acquisitions, and creating shareholder value through industry-leading returns, cash flow, and financial flexibility
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference on May 14, 2013. In his presentation, he discussed Newmont's focus on operational efficiency, cost improvements, profitable production growth, and maintaining a strong balance sheet. For 2013, Newmont expects attributable gold production of 4.8-5.1 million ounces and copper production of 150-170 million pounds. Goldberg also provided regional updates on Newmont's projects and investments across North America, South America, Australia/New Zealand, Africa, and Indonesia aimed at building a sustainable business through different commodity price cycles.
The document provides an overview and outlook for Newmont Mining Corporation for 2014-2016. It summarizes that Newmont will see stable gold production recovering in 2015-2016 through higher grades in North America and steady production in other regions. Copper production is expected to increase at the Batu Hijau mine in Indonesia. All-in sustaining costs are projected to remain stable over the three years. Total capital spending is forecasted to decline approximately 30% from 2014 levels. Newmont will focus on disciplined capital allocation to improve its financial flexibility and portfolio through projects like Merian and Long Canyon.
This document contains a cautionary statement from Newmont Mining Corporation regarding forward-looking statements in their presentation. It notes that estimates and expectations discussed are based on certain assumptions which, if incorrect, could cause actual results to differ. It identifies risks such as metal price volatility, cost variations, permitting issues, and other economic and political factors that could impact projections. The company does not undertake to publicly update forward-looking statements except as required by applicable laws.
This document provides an overview of Newmont Mining Corporation's Nevada site tour in September 2017. It begins with a cautionary statement regarding forward-looking statements. The summary then discusses Newmont's strategic focus on improving safety and sustainability performance, strengthening its portfolio through projects like Long Canyon and Twin Creeks, and using its Full Potential program to drive cost improvements across its Nevada operations. An asset management discussion and demonstration of centralized health monitoring follows. The document provides background on regional leadership and concludes with information on site-specific leadership at Long Canyon.
This document provides an overview of Newmont Mining Corporation's Nevada site tour in September 2017. It begins with a cautionary statement regarding forward-looking statements. The summary then discusses Newmont's strategic focus on improving safety and sustainability performance, strengthening its portfolio through projects like Long Canyon and Twin Creeks, and using its Full Potential program to drive cost improvements across its Nevada assets. An asset management discussion and demonstration of centralized health monitoring follows. The document provides background on regional leadership and concludes with information on local site leadership at Long Canyon.
This document provides a summary and outlook from Gary Goldberg, CEO of Newmont Mining Corporation, and Laurie Brlas, CFO, at the Goldman Sachs Global Metals & Mining Conference on November 19-20, 2014. Key points include: Newmont has optimized its portfolio, improved safety performance, and reduced costs year-to-date; the company maintains a strong balance sheet, focuses on disciplined capital allocation, and is positioned to thrive across commodity price cycles. Newmont also discusses projects like Merian which offer favorable economics, and preparedness for ongoing market fluctuations to maintain positive free cash flow.
Goldman Sachs Global Metals & Mining ConferenceNewmontMining
Gary Goldberg, CEO of Newmont Mining Corporation, and Laurie Brlas, CFO, presented at the Goldman Sachs Global Metals & Mining Conference on November 19-20, 2014. Newmont is optimizing its global asset portfolio to generate value across commodity price cycles while maintaining industry-leading safety and lowering costs. Newmont strengthened its balance sheet in 2014 through $1.4 billion in asset sales and expects its Merian project in Suriname to offer favorable economics with low capital costs and cash costs.
This investor presentation provides an overview of Newmont Mining Corporation and highlights key points:
1) Newmont has improved its underlying business through cost reductions, growing production from new projects, and divesting non-core assets. All-in sustaining costs have decreased 22% since 2012.
2) The company has strengthened its portfolio through investing in projects like Merian and Long Canyon that have longer mine lives and lower costs than divested assets.
3) Newmont has created shareholder value by outperforming peers in free cash flow generation, with $1.2 billion generated since 2012. This has allowed it to self-fund projects and increase dividends.
Similar to CIBC 17th Annual Whistler Institutional Investor Conference Laurie Brlas, EVP and CFO (20)
This document provides an investor presentation for Newmont Mining Corporation from August 2018. It contains forward-looking statements regarding estimates of future production, costs, capital expenditures, and other metrics. It summarizes Newmont's strategy of investing in profitable projects across economic cycles to create long-term value. Examples provided include the Merian mine in Suriname, the Long Canyon expansion in Nevada, and the Tanami expansion in Australia. The presentation also highlights Newmont's industry-leading reserve base and long-term production profile from existing and future projects.
- Newmont Mining Corporation reported its Q1 2018 earnings on April 26, 2018.
- The company reported adjusted EBITDA of $644 million, up 12% from the prior year quarter, and adjusted net income of $0.35 per diluted share.
- Production was in line with guidance at 1.2 million ounces of gold, and AISC was $973 per ounce, also in line with guidance.
This document contains the highlights from Newmont Mining Corporation's full year and Q4 2017 earnings report. Some key points:
- Newmont achieved strong operational and financial performance in 2017, with 8% higher gold production of 5.3 million ounces and $1.5 billion in free cash flow, an 88% increase over 2016.
- The company invested in five expansion projects to extend production and replaced mining depletion by adding 6.4 million ounces of gold reserves and 7.9 million ounces of resources.
- Guidance for 2018 forecasts gold production of 4.9-5.4 million ounces at an all-in sustaining cost of $965-1,025 per ounce and total capital spending
This investor presentation provides an overview of Newmont Mining Corporation and its strategy for long-term value creation. Key points include:
- Newmont has a proven strategy of improving operations, strengthening its global portfolio of long-life assets, and delivering superior returns to shareholders.
- The company has significantly reduced costs while increasing production and reserves through operational improvements and profitable expansion projects.
- Newmont has an industry-leading project pipeline expected to provide stable production for over a decade and generate significant free cash flow.
- The company maintains a strong balance sheet, stable production profile, and pays a sustainable dividend, while continuing to invest in growth.
The document summarizes Newmont Mining Corporation's 2017 Investor Day that took place on December 6, 2017. It includes an agenda for the day-long event covering Newmont's business, technical, operational and exploration outlooks. Presentations were given on safety, Newmont's strategy and performance, the gold market outlook, and financial projections. The document provides an overview of Newmont's global portfolio of long-life assets and projects as well as charts on production, cost, capital and reserve metrics through 2022. It emphasizes Newmont's focus on operational excellence, profitable growth from its project pipeline, and leadership in sustainability and value creation.
This document is an investor presentation from Newmont Mining Corporation from November 2017. It summarizes Newmont's strategy to improve its underlying business through superior operational execution, strengthen its portfolio of global assets, and sustain a portfolio of long-life mines. Key points include Newmont leading the sector in safety and sustainability performance, having a global portfolio of long-life assets across four continents, and investing in profitable growth projects across its portfolio to extend mine lives and production.
- Newmont Mining Corporation reported its Q3 2017 earnings. Key highlights included strong operational execution, leading safety performance, and top sustainability ratings.
- AISC for Q3 was $943/oz due to strong performance in Africa, Australia, and North America. Attributable gold production for Q3 was 1.3 million ounces, up 7% from the prior year.
- The company is progressing long-life assets globally and longer-term growth projects in Canada, Australia, and French Guiana to sustain production and extend mine lives.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum in September 2017. The presentation covered Newmont's strategy of improving its underlying business through superior operational execution, strengthening its global portfolio of long-life assets, and creating value for shareholders by leading the sector in profitability and responsibility. It provided details on Newmont's projects and growth pipeline, industry-leading reserves, and financial flexibility to fund growth and return cash to shareholders.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the Denver Gold Forum in September 2017. The presentation covered Newmont's strategy of improving its underlying business through superior operational execution, strengthening its global portfolio of long-life assets, and creating value for shareholders by leading the sector in profitability and responsibility. It highlighted Newmont's industry-leading safety and cost improvement performance, profitable growth projects, top-tier reserves, and financial flexibility.
The document is an investor presentation from Newmont Mining Corporation dated September 2017. It provides an overview of Newmont's operations, projects, growth opportunities and key metrics. Newmont has a geographically diverse portfolio of gold mines in North America, South America, Africa and Australia. It is investing in profitable growth projects across its portfolio to sustain steady long-term production while maintaining cost and capital discipline. Newmont also has a leading project pipeline and track record of bringing projects into production.
This document provides a cautionary statement regarding forward-looking statements in an investor presentation by Newmont Mining Corporation. It notes that estimates and expectations in the presentation are based on assumptions that may prove to be incorrect. It also lists potential risks to the forward-looking statements including changes in geotechnical or other conditions, permitting and development issues, political risks, commodity price volatility, and other operational risks. The company does not undertake to publicly revise or update forward-looking statements except as required by law.
- Newmont Mining Corporation reported its Q2 2017 earnings on July 25, 2017.
- In Q2, the company's AISC decreased 3% to $884/oz due to strong operational execution, and attributable gold production increased 13% to 1.4 Moz from higher grades and throughput.
- The company approved its Twin Underground project, which is expected to add higher grade ore and extend the mine life at lower costs.
The document is a presentation by Gary Goldberg, President and CEO of Newmont Mining Corporation, at the BAML Metals and Mining Conference in May 2017. It summarizes Newmont's leading safety and sustainability performance, stable production profile from a globally diversified portfolio of assets, investment in profitable growth projects, and opportunities from recent investments and discoveries that provide upside potential. Newmont aims to deliver long-term shareholder value through steady gold production, ongoing cost discipline and capital investment focused on high return projects.
This document provides a cautionary statement regarding forward-looking statements in Newmont Mining Corporation's investor presentation. It notes that estimates and expectations in the presentation are based on assumptions that may prove to be incorrect. It lists key assumptions including around geological, metallurgical and other conditions, permitting, development and expansion of operations, political stability, exchange rates, commodity prices, supply prices, mineral reserve and resource estimates, and other risks. The company does not undertake to publicly revise or update forward-looking statements except as required by law.
Newmont Mining Corporation reported its Q1 2017 earnings. Gold production for Q1 was 1.2 Moz, up 9% year-over-year and the company remains on track to meet its full-year guidance of 4.9-5.4 Moz. All-in sustaining costs for Q1 were $900/oz, below guidance. Newmont also approved expansions at its Ahafo mine in Africa, which will improve profitability and mine life. The expansions include an underground mine and mill expansion.
This document summarizes a site tour of Newmont Mining Corporation's Merian gold mine in Suriname. The tour included introductions of company leadership, an overview of the Merian Project including health and safety practices, commercial production milestones, community investment programs, and plans for optimizing operations and exploring additional opportunities in the region. The mine began commercial production in 2016 and is expected to produce 300,000-375,000 ounces of gold annually over its projected 13+ year mine life.
Gary Goldberg, President and CEO of Newmont Mining Corporation, presented at the BMO Metals & Mining Conference on February 27, 2017. The presentation included:
1) Cautionary statements regarding the forward-looking nature of estimates and expectations in the presentation.
2) An overview of Newmont's strategy to deliver long-term shareholder value through steady long-term gold production, ongoing cost discipline and capital investment in profitable growth projects.
3) Details on Newmont's consistently strong operational and financial results in recent years, as well as leading safety and sustainability performance.
This document provides a summary of Newmont Mining Corporation's full year and Q4 2016 earnings. Some key points:
- Safety performance improved with injury rates down 50% and fatigue events down 87% due to increased training and technology.
- Operational performance was strong with gold production up 7% to 4.9Moz and AISC down 2% to $912/oz through cost discipline.
- The portfolio was optimized through developing two new mines $200M below budget and adding over 4Moz of reserves while divesting non-core assets.
- Financial results were up significantly year-over-year with free cash flow more than doubling to $784M and adjusted E
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1. CIBC 17th Annual Whistler Institutional Investor Conference
Laurie Brlas, EVP and CFO
January 24, 2014
2. Cautionary statement
Cautionary Statement Regarding Forward Looking Statements, Including 2013 Outlook:
This presentation 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. Such forward-looking statements may include, without limitation: (i)
estimates of future production and sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future capital
expenditures, expenses, sustaining capital or costs, spend, and all-in sustaining cost; (iv) plans to reduce costs and increase
efficiencies; (v) expectations regarding the development, growth and exploration potential of the Company’s projects; and (vi)
expectations regarding future liquidity, balance sheet strength, borrowing availability, credit ratings, and return to shareholders.
Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such
assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical,
hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company’s projects
being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company
operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S.
dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for
gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels; and (vii) the accuracy of our
current mineral reserve and mineral resource estimates. Where the Company expresses or implies an expectation or belief as to
future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However,
such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from
future results expressed, projected or implied by the “forward-looking statements”. Such risks include, but are not limited to, gold
and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates
from those assumed in mining plans, political and operational risks, community relations, conflict resolution and outcome of
projects or oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other
factors, see the Company’s 2012 Form 10-K, filed on February 22, 2013, with the Securities and Exchange Commission (the
“SEC”), as well as the Company’s other SEC filings. Investors are also encouraged to review this presentation in conjunction with
the Company’s most recent Form 10-Q filed with the SEC on October 31, 2013. The Company does not undertake any obligation
to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or
circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required
under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking
statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors' own
risk.
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
2
January 24, 2014
3. Investment Thesis
• World-class, highly respected operator
• Strong portfolio of assets in low-risk jurisdictions
• Margin expansion program to drive cash flow
• Growth strategy focused on highest-return, lowest-risk opportunities
• Exceptional safety record
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
3
January 24, 2014
4. 2013 delivers lowest total injury rates on record
Newmont total injury rate – by year
(injuries per 200,000 hours worked)
0.91
0.72
0.69
0.66
0.47
2009
2010
2011
2012
2013
Nevada safety interaction
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
4
January 24, 2014
5. Strategy to drive highest risk-adjusted returns
Secure the gold franchise
• by running our existing business
more efficiently and effectively
Consolidated Spending1 ($B)
$5.2
$4.5
Strengthen the portfolio
• by building longer-life, lower-cost
portfolio of gold and copper assets
2012*
Enable the strategy
• by developing the capabilities and
systems that create competitive
advantage
2013*
All-in Sustaining Costs2 ($/oz.)
$1,179
$993
* First Nine Months
3Q'12
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
3Q'13
5
January 24, 2014
6. Portfolio Management and Optimization
Value over volume approach
•
Agnostic to the metal
•
Focus solely on value-creating assets
Prioritizing capital effectively
•
Akyem and Phoenix Copper Leach delivered on
time, on budget
•
Turf Vent Shaft to add profitable mine life to
Leeville
Reducing Costs
•
Reduced all-in sustaining costs2 by 16% over prior
year quarter as of Q3 2013
Rationalizing assets
•
Sold Canadian Oil Sands investment for $587M
•
Divesting Midas operation
•
Focus on longer-life, lower-cost core assets
Twin Creeks, Nevada
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
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January 24, 2014
7. Allocating capital for strength in all cycles
3) Return of Capital
2) Enhance the
Portfolio
1) Improve Financial
Flexibility
Maintain an investment
grade balance sheet
Reduce costs at existing
assets
Pay down debt to fund
future growth
Dividends paid to
shareholders3
Funded from free cash
flow
Organic growth – optimal
risk/return criteria
M&A – meet strict ROI on
risk-adjusted basis
Divest non-core, highercost assets
Improving Precious Metals Environment
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
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January 24, 2014
8. Prioritizing projects
Evaluate all organic and M&A projects on the following criteria:
1
Value
•
Economics
•
Mine life
•
2
Cost position
Execution
risk
•
Deposit
•
Metallurgy
•
3
Water/power
Country /
political risk
•
Governance
•
Infrastructure
•
4
Social acceptance
Commodity
•
•
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
Gold
Copper
8
January 24, 2014
9. Bullish on metal pricing over the long term
IMF Metals Index
300
The Next Decade
•
250
•
2003 – 2011: Index
Increases 3X
200
China growth slows but still significant
and requires commodities for further
infrastructure needs
Current urbanization rates are well
below Western economies
•
150
1980 – 1990: Index
Average = 62
Increasing from ~50% currently
to over 70% by 2040
•
Majority of global population is now living
in countries in the “metal-intensive”
stages of growth
•
Near-term price volatility but remain well
above 1980-90 levels
100
50
0
Source: IMF
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
9
January 24, 2014
10. North America – extending mine lives
• 2013 outlook4 of 1.9 – 2.0 million ounces
• Turf Vent Shaft to add 100,000 – 150,000 annual gold production4 beginning in
2015
• Phoenix Copper Leach now online
− Expected to deliver 20 Mlbs of copper annually4
− Delivered on time, on budget, without injury
Copper cathode- Phoenix
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
10
January 24, 2014
11. South America – building support and optimizing approach
• 2013 outlook4 of 550,000 – 600,000 ounces of gold
• Advancing the Water First approach at Conga5
• Government approval of Merian Mineral Agreement secured
Yanacocha gold mill
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
11
January 24, 2014
12. Africa – delivering first production at Akyem
• 2013 outlook4 of 625,000 – 675,000 ounces of gold
• Akyem 2013 outlook4 of 50,000 – 100,000 ounces of gold
• Akyem achieves commercial production
− Delivered on time, on budget
− $920 million capital spent through September 30, 2013
Akyem first gold pour
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
12
January 24, 2014
13. Australia and New Zealand – achieving a step-change in
productivity
• 2013 outlook4 of 1.6 – 1.7 million ounces of gold; 60 – 70 million pounds of
copper
• Operating and efficiency improvements at Tanami
• Full potential on-track to deliver sustainable cost reductions at Boddington
Copper
Production ~75Mlb
3 year copper outlook6
Waihi, New Zealand
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
13
January 24, 2014
14. Indonesia – stripping to reach higher grade ore
• 2013 outlook4 of 20 – 30 thousand ounces of gold; 70 – 75 million pounds of
copper
• Batu Hijau Phase 6 stripping continuing as planned; back into primary ore in
Q4 2014
• Existing Contract of Work exempts Newmont from export ban and potential
export taxes
• Evaluating potential impacts to operating plans
Copper
Production ~75Mlb
3 year copper outlook6
Batu Hijau mine plan
Batu Hijau mine plan
Newmont Mining Corporation | CIBC 17th Annual Whistler Institutional Investor Conference | www.newmont.com
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January 24, 2014
15. Investment Thesis
• World-class, highly respected operator
• Strong portfolio of assets in low-risk jurisdictions
• Margin expansion program to drive cash flow
• Growth strategy focused on highest-return, lowest-risk opportunities
• Exceptional safety record
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January 24, 2014
18. Consolidated spending reconciliation1
Three Months Ended September 30,
Consolidated Spending ($M)
2013
Costs applicable to sales
$
Nine Months Ended September 30,
2012
1,036
$
2013
1,088
$
2012
3,733
$
3,107
Stockpile write-downs
(76)
(5)
(624)
(26)
Advanced projects, research and
development, and Exploration
127
189
360
567
48
51
158
162
Other expense, net
64
56
167
188
Sustaining capital
229
401
754
1,243
General and administrative
(1)
Consolidated Spending
$
1,428
$
1,780
$
4,548
$
5,241
(1)
Other expense, net is adjusted for restructuring of $50, TMAC transaction costs of $45, and Hope Bay care and maintenance of ($2) for 2013;
2012 other expense, net is adjusted for Hope Bay care and maintenance of $129, Boddington contingent consideration of $12, and restructuring
costs of $48.
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January 24, 2014
19. All-in sustaining costs reconciliation2
All-In Sustaining Costs
Newmont has worked to develop a metric that expands on GAAP measures such as cost of goods sold and nonGAAP measures to provide visibility into the economics of our gold mining operations related to expenditures,
operating performance and the ability to generate cash flow from operations.
Current GAAP-measures used in the gold industry, such as cost of goods sold, do not capture all of the
expenditures incurred to discover, develop, and sustain gold production. Therefore, we believe that all-in
sustaining costs and attributable all-in sustaining costs are non-GAAP measures that provide additional information
to management, investors, and analysts that aid in the understanding of the economics of our operations and
performance compared to other gold producers and in the investor’s visibility by better defining the total costs
associated with producing gold.
All-in sustaining costs (“AISC”) amounts are intended to provide additional information only and do not have any
standardized meaning prescribed by GAAP and should not be considered in isolation or as a substitute for
measures of performance prepared in accordance with GAAP. The measures are not necessarily indicative of
operating profit or cash flow from operations as determined under GAAP. Other companies may calculate these
measures differently as a result of differences in the underlying accounting principles, policies applied and in
accounting frameworks such as in International Financial Reporting Standards (“IFRS”), or by reflecting the benefit
from selling non-gold metals as a reduction to AISC. Differences may also arise related to definitional differences
of sustaining versus development capital activities based upon each company’s internal policies.
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January 24, 2014
20. All-in sustaining costs reconciliation2
1. Excludes Amortization and Reclamation and remediation. Excludes copper production at Boddington and Batu Hijau of $151.
Consolidated Costs Applicable to Sales totaled $1,036 for the three months ended September 30, 2013.
2. Includes stockpiles and leach pad write-downs of $3 at Nevada, $10 at Yanacocha, $20 at Boddington, and $2 at Batu Hijau.
3. Remediation costs include operating accretion and amortization of asset retirement costs.
4. Other expense, net is adjusted for restructuring of $20.
5. Excludes capital expenditures for the following development projects: Phoenix Copper leach, Turf Vent Shaft, Emigrant,
Yanacocha Bio Leach, Conga, Merian, Tanami Shaft, Ahafo Mill Expansion, and Akyem for 2013.
6. Excludes our attributable production from La Zanja and Duketon.
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January 24, 2014
21. All-in sustaining costs reconciliation2
1. Excludes Amortization and Reclamation and remediation. Excludes copper production at Boddington and Batu Hijau of $138.
Consolidated Costs Applicable to Sales totaled $1,088 for the three months ended September 30, 2012.
2. Includes stockpiles and leach pad write-downs of $2 at Yanacocha and $2 at Other Australia / New Zealand.
3. Remediation costs include operating accretion and amortization of asset retirement costs.
4. Other expense, net is adjusted for Hope bay care and maintenance of $27 and restructuring of $48.
5. Excludes capital expenditures for the following development projects: Phoenix Copper leach, Turf Vent Shaft, Emigrant,
Yanacocha Bio Leach, Conga, Merian, Tanami Shaft, Ahafo Mill Expansion, and Akyem for 2012.
6. Excludes our attributable production from La Zanja and Duketon.
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January 24, 2014
22. 2013 Outlook4
Attributable
Production
a
Nevada
La Herradura
North America
Yanacocha
La Zanja
Consolidated
CAS exclusive of
stockpile writedowns
Consolidated Capital
Expenditures
Attributable Capital
Expenditures
(Kozs, Mlbs)
Region
Consolidated
CAS inclusive of
stockpile writedowns
($/oz, $/lb)b
($/oz, $/lb)b
($M)c
($M)c
1,700 - 1,800
$600 - $650
$600 - $650
$500 - $550
$500 - $550
200 - 250
$650 - $700
$650 - $700
$125 - $175
$125 - $175
1,900 - 2,000
$600 - $650
$600 - $650
$625 - $675
$625 - $675
475 - 525
$650 - $700
$600 - $650
$225 - $275
$100 - $150
$200 - $250
$100 - $125
40 - 50
Conga
South America
550 - 600
$650 - $700
$600 - $650
$425 - $525
$200 - $275
Boddington
700 - 750
$1,050 - $1,150
$850 - $950
$100 - $150
$100 - $150
Other
Australia/NZ
925 - 975
$1,000 - $1,100
$950 - $1,050
$175 - $225
$175 - $225
1,625 - 1,725
$1,000 - $1,100
$900 - $1,000
$275 - $325
$275 - $325
20 - 30
$2,100 - $2,300
$900 - $1,000
$75 - $125
525 - 575
$550 - $600
$550 - $600
$225 - $275
$225 - $275
50 - 100
$450 - $500
$450 - $500
$225 - $275
$225 - $275
625 - 675
$525 - $575
$525 - $575
$475 - $525
$475 - $525
$20 - $30
$20 - $30
$2,000 - $2,200
$1,700 - $1,900
Australia/
NewZealand
Batu Hijau,
Indonesiad
Ahafo
Akyem
Africa
Corporate/Other
Total Gold
4,800 - 5,100
$750 - $825
$675 - $750
Boddington
60 - 70
$2.75 - $2.95
$2.45 - $2.65
Batu - Hijau
70 - 75
$4.70 - $5.10
$2.20 - $2.40
135 - 145
$4.05 - $4.40
$25 - $75
$2.25 - $2.50
Total Copper
a
Nevada CAS includes by-product credits from an estimated 30-40 million pounds of copper production at Phoenix, net of treatment
and refining charges.
b
2013 Attributable CAS Outlook is $750 - $825 per ounce inclusive of stockpile write-downs or $675 - $750 per ounce exclusive of
stockpile write-downs. CAS Outlook is inclusive of hedge gains and losses.
c
Excludes capitalized interest of approximately $88 million, consolidated and attributable.
d
Assumes Batu Hijau economic interest of 48.5% for 2013, subject to final divestiture obligations.
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January 24, 2014
23. 2013 Expense and All-in Sustaining Costs Outlook4
2013 Expense Outlook8
Consolidated
Expenses
Attributable
Expenses
($M)
($M)
$180 - $230
$180 - $230
Description
General & Administrative
DD&A excluding stockpile write-downs
$1,050 - $1,100
$900 - $950
DD&A including stockpile write-downs
$1,250 - $1,300
$1,000 - $1,050
Exploration Expense
$250 - $300
$225 - $275
Advanced Projects & R&D
$250 - $300
$225 - $275
Other Expense
$300 - $350
$200 - $250
Sustaining Capital
$1,200 - $1,300
$1,000 - $1,100
Interest Expense
$275 - $325
$250 - $300
a
Tax Rate
0% - 5%
0% - 5%
All-in sustaining cost excluding stockpile write-downs ($/ounce)b
$1,100 - $1,200
$1,100 - $1,200
All-in sustaining cost including stockpile write-downs ($/ounce)b
$1,100 - $1,200
$1,100 - $1,200
a
Although, the Company expects to remain in a pretax loss for the year, it does not anticipate being in an overall tax benefit position.
Income tax expense equal to 0-5% of the loss is projected. This projected expense primarily relates to mining taxes in Nevada and
Peru.
b
All-in sustaining cost (“AISC”) is a non-GAAP metric defined as the sum of cost applicable to sales (including all direct and indirect
costs related to current gold production incurred to execute on the current mine plan), remediation costs (including operating
accretion and amortization of asset retirement costs), G&A, exploration expense, advanced projects and R&D, other expense, net of
one-time adjustments and sustaining capital. Note that the company has updated this metric to now include the sum of costs
associated with producing and selling an ounce of gold, exclusively, from all operations. See the AISC disclosure starting on slide
23.
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January 24, 2014
24. Endnotes
Investors are encouraged to read the information contained in this presentation in conjunction with the following endnotes, the Cautionary Statement on
slide 2 and the factors described under the “Risk Factors” section of the Company’s most recent Form 10-K, filed with the SEC on February 22, 2013.
1. Non-GAAP metric. See page 18 for reconciliation.
2. All-in sustaining costs is a non-GAAP metric. See pages 19 to 21 for reconciliation.
3. Investors are cautioned that the gold price-linked dividend guidelines are non-binding. The declaration and payment of future dividends remain at the
discretion of the Board of Directors and will be determined based on Newmont’s financial results, cash and liquidity requirements, future prospects
and other factors deemed relevant by the Board. The Board of Directors may revise or terminate such policy at any time without prior notice. As a
result, investors should not place undue reliance on such policy guidelines.
4. 2013 Outlook projections used in this presentation (“Outlook”) are considered “forward-looking statements” and represent management’s good faith
estimates or expectations of future production results as of October 31, 2013 and are based upon certain assumptions, including, but not limited to
metal prices, oil prices, and Australian dollar exchange rate. Consequently, Outlook cannot be guaranteed. Investors are cautioned that the
Company does not undertake to subsequently reaffirm, provide comfort or otherwise update Outlook to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. Investors should not assume that any lack of update constitutes a current reaffirmation of
Outlook.
5. Conga development contingent on generating acceptable project returns, as well as community and government support and key approvals. See
also Risk Factors.
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