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Newmont Corp (NEM) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Newmont Mining Corp

CIK: 1164727 Ticker: NEM
 
 Exhibit 99.1

Newmont Delivers Record Full-Year and Fourth Quarter Results

Newmont Generates Record Cash Flows in 2020 and Meets Full-year Guidance; Increases Quarterly Dividend to $0.55 Per Share

DENVER--(BUSINESS WIRE)--February 18, 2021--Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced full year and fourth quarter 2020 results.

2020 HIGHLIGHTS

  • Produced 5.9 million attributable ounces of gold and over 1 million attributable gold equivalent ounces of co-products, gold CAS* of $756 per ounce, and gold AISC* of $1,045 per ounce achieving 2020 full-year guidance
  • Generated record $4.9 billion of cash from continuing operations and $3.6 billion of Free Cash Flow (97% attributable to Newmont)*
  • Ended the year with $5.5 billion of consolidated cash and $8.5 billion of liquidity with a net debt to adjusted EBITDA* ratio of 0.2x
  • Announced industry-leading dividend framework and declared fourth quarter dividend of $0.55 per share, an increase of 38 percent over the prior quarter and a total declared dividend for 2020 of $1.45 per share**
  • Completed the 2020 $1 billion share-repurchase program and recently announced a new $1 billion share-repurchase program
  • Delivered over $2.7 billion to shareholders through dividends and share buybacks in 2019 and 2020
  • Achieved best safety performance in the Company's history, focusing on fatality risks across our business
  • Recognized as top-ranked gold miner for the sixth consecutive year in DJSI Index, announced industry-leading climate targets for greenhouse gas emissions and committed $500 million over 5 years to climate change initiatives
  • Reported industry-leading reserves of over 94 million ounces of gold mineral reserves and 65 million ounces of gold equivalent ounces reserves
  • Announced 2021 outlook of 6.5 million ounces for 2021, and between 6.2 and 6.7 million ounces through 2023 and between 6.5 and 7.0 million ounces longer-term through 2025***

“In 2020, Newmont achieved record performance including $3.6 billion of free cash flow and ending the year with over $5.5 billion of consolidated cash. These results enable Newmont to lead the industry in shareholder returns, invest in organic growth and maintain financial flexibility," said Tom Palmer, President and Chief Executive Officer. "While generating record value for shareholders, we also achieved record safety performance with the lowest injury rate in Company history. As we complete our 100th year, we will remain focused on delivering superior operational performance whilst creating value and improving lives through sustainable, responsible mining."

- Tom Palmer, President and Chief Executive Officer

________________________________________________

*Non-GAAP metrics; see footnotes at the end of this release.

**The dividend framework is non-binding. An annualized dividend has not been declared by the Board. See cautionary statement at end of this release. The declaration of future quarterly dividends remains at the discretion of the Board. See the cautionary statement at the end of this release, including with respect to dividends and share-repurchase program.

***See cautionary statement at end of release regarding forward-looking statements.


The following information was filed by Newmont Mining Corp (NEM) on Thursday, February 18, 2021 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)
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)
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)
Gain On Asset And Investment Sales, Net - Additional Information (Details)
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) Per Common Share
Net Income (Loss) Per Common Share (Details)
Net Income (Loss) Per Common Share (Tables)
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: 0001164727-21-000114
Submitted to the SEC: Thu Apr 29 2021 7:04:07 AM EST
Accepted by the SEC: Thu Apr 29 2021
Period: Wednesday, March 31, 2021
Industry: Gold And Silver Ores

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