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Newmont Corp (NEM) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

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Newmont Mining Corp

CIK: 1164727 Ticker: NEM
Exhibit 99.1

Newmont Announces First Quarter 2022 Results

Newmont announces solid first quarter results; well-positioned to deliver a strong second half and long-term value from top-tier mining jurisdictions

DENVER--(BUSINESS WIRE)--April 22, 2022--Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced first quarter 2022 results.

FIRST QUARTER 2022 HIGHLIGHTS

  • Produced 1.34 million attributable ounces of gold and 350 thousand attributable gold equivalent ounces from co-products
  • Reported gold CAS* of $890 per ounce and AISC* of $1,156 per ounce
  • Remain on track to achieve full-year guidance ranges; full-year results continue to be back-half weighted**
  • Generated $689 million of cash from continuing operations and $252 million of Free Cash Flow*
  • Declared first quarter dividend of $0.55 per share, consistent with the previous quarter; $1 billion share repurchase program to be used opportunistically in 2022, with $475 million remaining***
  • Ended the quarter with $4.3 billion of consolidated cash and $7.3 billion of liquidity with a net debt to adjusted EBITDA ratio of 0.3x*
  • Credit rating upgraded by S&P Global Ratings to BBB+ from BBB with a stable outlook
  • Advancing profitable near-term projects, including Tanami Expansion 2, Ahafo North and Yanacocha Sulfides
  • Executed on strategy to consolidate ownership in prolific mining districts with acquisition of Yanacocha's minority interest stake; increasing ownership in Sulfides project to 100 percent through acquisition of Buenaventura's 43.65% interest and Sumitomo Corporation's 5% interest****
  • Published 18th Annual Sustainability report, a transparent review of Environmental, Social and Governance (ESG) performance
  • Committed $5 million contribution to support humanitarian efforts in Ukraine
  • Ranked eleventh on Fortune's Modern Board 25, a list of the most innovative boards of directors among S&P 500 companies; recognized for gender equality, nationality dispersion and board independence

"Newmont delivered a solid first quarter performance with $1.4 billion in adjusted EBITDA as we safely managed through the Omicron surge. The strength of our proven operating model and global portfolio in the world's best mining jurisdictions is the foundation of Newmont's clear and consistent strategy to create value and improve lives through sustainable and responsible mining. In April, we published our 18th Annual Sustainability Report, which provides a transparent look at our ESG performance and the issues and metrics that matter most to our stakeholders. As a values-based organization and the gold sector's recognized sustainability leader, Newmont has a long history of leading change in our approach to ESG and our core values are fundamental to how we run our business and where we choose to operate."

- Tom Palmer, Newmont President and Chief Executive Officer

___________________________

*Non-GAAP metrics; see pages 12-26 for reconciliations.
**See discussion of outlook and cautionary statement at end of release regarding forward-looking statements.
***See cautionary statement at the end of this release, including with respect to future dividends and share buybacks.
****The acquisition of the remaining 5% interest in Yanacocha from Sumitomo Corporation is expected to close in Q2 2022.


The following information was filed by Newmont Mining Corp (NEM) on Friday, April 22, 2022 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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Newmont Mining Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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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
Accumulated Other Comprehensive Income (Loss)???
Accumulated Other Comprehensive Income (Loss)??? - Components Of Aoci (Details)
Accumulated Other Comprehensive Income (Loss)?????? (Tables)
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)
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)
Income And Mining Taxes
Income And Mining Taxes (Details)
Income And Mining Taxes (Tables)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Details)
Investments (Tables)
Investments - Purchases, Sales, And Exchanges (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 - Liability Classifications (Details)
Reclamation And Remediation - Reconciliation Of Obligation (Details)
Sales
Sales (Tables)
Sales - Provisional Sales (Details)
Sales - Schedule Of Receivables Included Within Trade Receivables (Details)
Sales - Schedule Of Sales By Mining Operation, Product And Inventory Type (Details)
Segment Information
Segment Information (Tables)
Segment Information - Financial Information Of Company's Segments (Details)
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 - Schedule (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Ticker: NEM
CIK: 1164727
Form Type: 10-Q Quarterly Report
Accession Number: 0001164727-22-000024
Submitted to the SEC: Mon Jul 25 2022 7:02:09 AM EST
Accepted by the SEC: Mon Jul 25 2022
Period: Thursday, June 30, 2022
Industry: Gold And Silver Ores

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