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Newmont Corp (NEM) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Newmont Mining Corp

CIK: 1164727 Ticker: NEM
 
 Exhibit 99.1

Newmont Announces Third Quarter 2021 Results

Newmont Announces Third Quarter Results and Delivers the Gold Industry's First Autonomous Haulage System Fleet; Updates Full-year Guidance

DENVER--(BUSINESS WIRE)--October 28, 2021--Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced third quarter 2021 results.

THIRD QUARTER 2021 HIGHLIGHTS

  • Produced 1.45 million attributable ounces of gold and 315 thousand attributable gold equivalent ounces from co-products
  • Reported gold CAS* of $830 per ounce and AISC* of $1,120 per ounce
  • Updated full-year guidance of 6.0 million ounces of attributable gold production, $790 per ounce of CAS and $1,050 per ounce of AISC**, reaffirming original guidance of 1.3 million gold equivalent ounces from copper, silver, lead and zinc
  • Generated $1.1 billion of cash from continuing operations and $735 million of Free Cash Flow (97 percent attributable to Newmont)*
  • Declared third quarter dividend of $0.55 per share, consistent with the previous quarter***
  • Completed $99 million of share repurchases from $1 billion buyback program***
  • Ended the quarter with $4.6 billion of consolidated cash and $7.6 billion of liquidity with a net debt to adjusted EBITDA* ratio of 0.2x
  • Delivered the gold industry’s first Autonomous Haulage System (AHS) fleet, improving safety and long-term productivity at Boddington
  • Advancing near-term projects, including Tanami Expansion 2, Ahafo North and the mining method change at Subika Underground
  • Progressing Yanacocha Sulfides, investing at least $500M through 2022 with a full funds decision expected in the second half of 2022

"Newmont delivered on a challenging third quarter performance with $1.3 billion in adjusted EBITDA and $735 million in free cash flow, building momentum for a strong fourth quarter," said Tom Palmer, Newmont President and Chief Executive Officer. "Supported by our clear strategic focus and proven operating model, we continue to apply our disciplined approach to capital allocation. A year ago, we announced our industry-leading dividend framework, establishing a clear pathway for stable and predictable returns. Over the last four quarters, Newmont has steadily reinvested in our operations while returning more than $2 billion dollars to shareholders through dividends and share buybacks, demonstrating our confidence in the long-term value of our business and our ability to maintain financial flexibility."

- Tom Palmer, Newmont President and Chief Executive Officer

___________________________

*

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

**

See discussion of outlook and cautionary statement at end of release regarding forward-looking statements.

***

 

See cautionary statement and endnotes at the end of this release, including with respect to future dividends and share buybacks. Note that the buyback figure above excludes $15 million disclosed in Q2 2021 settled after June 30, 2021.


The following information was filed by Newmont Mining Corp (NEM) on Thursday, October 28, 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 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)
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)
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 - Additional Information (Details)
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)
Loss On Assets Held For Sale
Loss On Assets Held For Sale (Details)
Net Change In Operating Assets And Liabilities
Net Change In Operating Assets And Liabilities (Details)
Net Change In Operating Assets And Liabilities (Tables)
Other Expense, Net
Other Expense, Net (Details)
Other Expense, Net (Tables)
Other Income (Loss), Net
Other Income (Loss), Net (Details)
Other Income (Loss), Net (Tables)
Other Income (Loss), Net - Additional Information (Details)
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 - Disaggregation Of Revenue (Details)
Sales - Provisional Sales (Details)
Sales - Receivables Balance (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Stockpiles And Ore On Leach Pads
Stockpiles And Ore On Leach Pads (Tables)
Stockpiles And Ore On Leach Pads - Additional Information (Details)
Stockpiles And Ore On Leach Pads - Schedules (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Ticker: NEM
CIK: 1164727
Form Type: 10-Q Quarterly Report
Accession Number: 0001164727-21-000235
Submitted to the SEC: Thu Oct 28 2021 7:07:00 AM EST
Accepted by the SEC: Thu Oct 28 2021
Period: Thursday, September 30, 2021
Industry: Gold And Silver Ores

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