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Newmont Corp (NEM) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

Newmont Mining Corp

CIK: 1164727 Ticker: NEM
Exhibit 99.1

Newmont Announces Solid Second Quarter 2020 Results

Company's second quarter results highlight resilient operating model and significant leverage to rising gold prices from diversified portfolio of world-class assets

DENVER--(BUSINESS WIRE)--July 30, 2020--Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced second quarter 2020 results.

SECOND QUARTER 2020 HIGHLIGHTS

  • Produced 1.3 million attributable ounces of gold* and reported CAS* of $748 per ounce and AISC* of $1,097 per ounce and produced 138 thousand attributable gold equivalent ounces from co-products
  • Generated $668 million of cash from continuing operations and $388 million of Free Cash Flow* while safely managing the ramp up of operations in care and maintenance
  • Reported $3.8 billion of consolidated cash with $6.7 billion of liquidity and a net debt to adjusted EBITDA* ratio of 0.6x
  • Declared second quarter dividend of $0.25 per share
  • Returned >$2.0 billion to shareholders through dividends and share buybacks since January 2019

“In the second quarter we delivered solid financial performance with $984 million in adjusted EBITDA and $388 million in free cash flow, both substantial increases over the prior year quarter. Our focus remains on ensuring the health, safety and wellbeing of our workforce and neighboring communities as we manage through the Covid pandemic. I am very proud of our workforce for the agility and resolve that they have demonstrated during these challenging times," said Tom Palmer, President and Chief Executive Officer. "We safely and efficiently executed restart plans at our mines previously in care and maintenance and Newmont’s world-class portfolio is well positioned to deliver an even stronger second half of 2020. The ongoing favorable gold price environment amplifies our free cash flow generation yet our discipline around capital allocation will not change as we continue to invest in profitable projects and provide shareholders industry-leading returns while maintaining a strong balance sheet.”

- Tom Palmer, President and Chief Executive Officer

COVID-19 UPDATE

  • Continued our wide-ranging controls at the Company's operations and offices to put the health, safety, and overall wellbeing of Newmont's people and communities above all else
  • Implemented effective quarantine and contact tracing procedures for positive cases
  • Executed safe and efficient restart plans at all five sites previously in care and maintenance, including Cerro Negro, Yanacocha, Éléonore and Peñasquito and Musselwhite
  • Delivered strong second quarter production despite a reduction of ~300Kozs gold and ~100Koz of co-product GEOs from operational downtime at sites in care and maintenance
  • Incurred $195 million of care and maintenance costs during the second quarter, which included wages, direct operating costs for critical activities and non-cash depreciation
  • Incurred $33 million of incremental Covid specific costs for activities such as additional health and safety procedures, increased transportation and community fund contributions
  • Distributed $5.7 million to date from Newmont's $20 million Global Community Support Fund focused on employee and community health, food security and local economic resilience through partnerships with local governments, medical institutions, charities and non-governmental organizations

The following information was filed by Newmont Mining Corp (NEM) on Thursday, July 30, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Newmont Mining Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Changes In Equity
Condensed Consolidated Statements Of Changes In Equity (Parenthetical)
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Condensed Consolidated Statements Of Operations
Basis Of Presentation
Basis Of Presentation (Details)
Business Acquisition
Business Acquisition (Tables)
Business Acquisition - Fair Value Of Consideration Transferred (Details)
Business Acquisition - Pro-Forma Information (Details)
Business Acquisition - Purchase Price Allocation (Details)
Care And Maintenance
Care And Maintenance (Details)
Care And Maintenance (Tables)
Commitments And Contingencies
Commitments And Contingencies - Environmental Matters (Details)
Commitments And Contingencies - Other Commitments And Contingences (Details)
Commitments And Contingencies - Other Legal Matters - Nwg, Etc. (Details)
Commitments And Contingencies - Other Legal Matters - Yanacocha (Details)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - Minimum Debt Repayments (Details)
Employee Pension And Other Benefit Plans
Employee Pension And Other Benefit Plans (Details)
Employee Pension And Other Benefit Plans (Tables)
Equity Income (Loss) Of Affiliates
Equity Income (Loss) Of Affiliates (Details)
Equity Income (Loss) Of Affiliates (Tables)
Fair Value Accounting
Fair Value Accounting (Tables)
Fair Value Accounting - Changes In The Fair Value Of Level 3 Financial Assets And Liabilities (Details)
Fair Value Accounting - Quantitative Information (Details)
Fair Value Accounting - Recurring Basis (Details)
Gain On Asset And Investment Sales, Net
Gain On Asset And Investment Sales, Net (Details)
Gain On Asset And Investment Sales, Net (Tables)
Income And Mining Taxes
Income And Mining Taxes (Details)
Income And Mining Taxes (Tables)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Details)
Investments (Tables)
Net Change In Operating Assets And Liabilities
Net Change In Operating Assets And Liabilities (Details)
Net Change In Operating Assets And Liabilities (Tables)
Net Income (Loss) Attributable To Noncontrolling Interests
Net Income (Loss) Attributable To Noncontrolling Interests (Details)
Net Income (Loss) Attributable To Noncontrolling Interests (Tables)
Net Income (Loss) From Discontinued Operations
Net Income (Loss) From Discontinued Operations (Tables)
Net Income (Loss) From Discontinued Operations - Holt Royalty Obligation And Option (Details)
Net Income (Loss) From Discontinued Operations - Summary (Details)
Net Income (Loss) Per Common Share
Net Income (Loss) Per Common Share (Details)
Net Income (Loss) Per Common Share (Tables)
Nevada Gold Mines Transactions
Nevada Gold Mines Transactions (Details)
Other Expense, Net
Other Expense, Net (Details)
Other Expense, Net (Tables)
Other Income, Net
Other Income, Net (Details)
Other Income, Net (Tables)
Other Liabilities
Other Liabilities (Details)
Other Liabilities (Tables)
Reclamation And Remediation
Reclamation And Remediation (Tables)
Reclamation And Remediation - Additional Information (Details)
Reclamation And Remediation - Expense (Details)
Reclamation And Remediation - Reconciliation Of Obligation (Details)
Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)???
Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)??? (Tables)
Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)??? - Reclassifications (Details)
Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)?????? - Components Of Aoci (Details)
Sales
Sales (Tables)
Sales - Additional Information (Details)
Sales - Disaggregation Of Revenue (Details)
Sales - Receivables Balance (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Stockpiles And Ore On Leach Pads
Stockpiles And Ore On Leach Pads (Tables)
Stockpiles And Ore On Leach Pads - By Location (Details)
Stockpiles And Ore On Leach Pads - Write-Downs (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Ticker: NEM
CIK: 1164727
Form Type: 10-Q Quarterly Report
Accession Number: 0001164727-20-000228
Submitted to the SEC: Thu Oct 29 2020 7:42:30 AM EST
Accepted by the SEC: Thu Oct 29 2020
Period: Wednesday, September 30, 2020
Industry: Gold And Silver Ores

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