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

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    10-Q Quarterly Report May 2020

Newmont Mining Corp

CIK: 1164727 Ticker: NEM
Exhibit 99.1

Newmont Announces Third Quarter 2022 Results

Newmont remains on track to achieve full-year guidance with stable third quarter production from diverse, global portfolio; focused on delivering long-term value to shareholders

DENVER--(BUSINESS WIRE)--November 1, 2022--Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced third quarter 2022 results.

THIRD QUARTER 2022 RESULTS

  • Produced 1.49 million attributable ounces of gold and 299 thousand attributable gold equivalent ounces (GEO) from co-products; due to timing of shipments at Peñasquito, 38 thousand attributable gold ounces and 20 thousand GEOs of third quarter production will be sold in the fourth quarter
  • Reported gold Costs Applicable to Sales (CAS)* of $968 per ounce and All-In Sustaining Costs (AISC)* of $1,271 per ounce
  • On track to achieve full-year guidance of 6.0 million ounces of attributable gold production with Gold CAS of $900 per ounce and Gold AISC of $1,150 per ounce, as well as 1.3 million gold equivalent ounce production from copper, silver, lead and zinc with Co-Product CAS of $750 per GEO and Co-Product AISC of $1,050 per GEO**
  • Generated $466 million of cash from continuing operations and reported $(63) million of Free Cash Flow*, impacted by one-time working capital payments totaling $210 million and the timing of concentrate shipments at Peñasquito with an approximate sales value of $80 million
  • Reported Adjusted Net Income (ANI)* of $0.27 per share and Adjusted EBITDA* of $850, impacted by lower metal prices and timing of sales
  • Declared third quarter dividend of $0.55 per share, calibrated at an $1,800 per ounce gold price***
  • $1 billion share repurchase program to be used opportunistically, with $475 million remaining***
  • Ended the quarter with $3.1 billion of consolidated cash, $653 million of time deposits with a maturity of less than one year, and $6.7 billion of liquidity; reported net debt to adjusted EBITDA ratio of 0.5x*
  • Announced the delay and review of the Yanacocha Sulfides project and appointment of Dean Gehring to Chief Development Officer - Peru to lead operations and strategy in the region
  • Advancing profitable near-term projects, including Tanami Expansion 2, Ahafo North, Pamour and Cerro Negro District Expansion 1
  • Announced and closed the sale of Newmont's 18.75% stake in the MARA project joint venture to Glencore International AG for $125 million, with a minimum $30 million deferred payment upon successfully reaching commercial production
  • Published inaugural Taxes and Royalties Contribution Report, providing an overview of our tax strategy and economic contributions as part of our commitment to shared value creation

The following information was filed by Newmont Mining Corp (NEM) on Tuesday, November 1, 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 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 (Tables)
Income And Mining Taxes - Narrative (Details)
Income And Mining Taxes - Reconciliation Of U.S. Federal Statutory Tax Rate To Company???S Effective Income Tax Rate (Details)
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 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 (Details)
Summary Of Significant Accounting Policies (Policies)
Ticker: NEM
CIK: 1164727
Form Type: 10-Q Quarterly Report
Accession Number: 0001164727-22-000035
Submitted to the SEC: Tue Nov 01 2022 7:06:30 AM EST
Accepted by the SEC: Tue Nov 01 2022
Period: Friday, September 30, 2022
Industry: Gold And Silver Ores

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