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Newmont Mining Corp (NEM) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Newmont Mining Corp

CIK: 1164727 Ticker: NEM

Exhibit 99.1

Newmont Announces Full Year and Fourth Quarter 2016 Results

DENVER--(BUSINESS WIRE)--February 21, 2017--Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced full year 2016 results that demonstrated improved operational and financial performance. Excluding Newmont’s share of PTNNT which was sold last November, the Company:

  • Net income (loss): Delivered GAAP net income (loss) attributable to shareholders from continuing operations of $(220) million or $(0.41) per diluted share and adjusted net income1 of $619 million or $1.16 per diluted share
  • EBITDA: Generated $2.4 billion in adjusted EBITDA2, up 25 percent from the prior year
  • Cash flow: Increased net cash from continuing operations to $1.9 billion and more than doubled free cash flow3 to $784 million
  • Gold costs applicable to sales (CAS): Reported slightly higher CAS of $682 per ounce4 reflecting lower grades at Yanacocha and higher non-cash inventory costs at Yanacocha and Ahafo
  • Gold all-in sustaining costs (AISC)5: Lowered gold AISC for the fourth consecutive year to $912 per ounce, or two percent lower than 2015
  • Attributable gold production: Produced 4.9 million ounces of gold, up seven percent from the prior year
  • Portfolio improvements: Built Merian and Long Canyon $200 million below budget; delivered expansions and the investment case at Cripple Creek & Victor; progressed profitable expansions at Tanami and Northwest Exodus; generated $920 million in gross cash proceeds from the sale of Newmont’s stake in PTNNT; and added 10 million ounces of higher grade reserves and resources by the drill bit
  • Financial strength: Reduced net debt to $1.9 billion, ending the year with $2.8 billion cash on hand and an industry leading financial profile
  • Outlook: Updating guidance to include profitable gold production of between 4.5 and 5.4 million ounces over the next five years and a leading project pipeline that supports long-term value creation

“We continued to make Newmont a safer and more profitable business in 2016, with differentiated cash flow, financial strength and growth prospects,” said Gary Goldberg, President and Chief Executive Officer. “We increased adjusted EBITDA by 25 percent to $2.4 billion and more than doubled free cash flow to nearly $800 million on the back of superior operational performance. We invested these proceeds with an eye to long-term value creation – building two mines, advancing profitable expansions in the Americas and Australia, and adding higher grade ounces to our reserve base. Work to optimize our portfolio culminated in the sale of our PTNNT stake for $920 million. These proceeds helped us retire more than $1.3 billion in debt, improve our liquidity and increase dividends. Our plans for 2017 and beyond remain focused on improving our underlying business, strengthening our portfolio and creating value for shareholders.”

______________________________________

1 Non-GAAP measure. See end of release for reconciliation to Net income (loss) attributable to Newmont stockholders.
2 Non-GAAP measure. See end of release for reconciliation to Net income (loss) attributable to Newmont stockholders.
3 Non-GAAP measure. See end of release for reconciliation to Net cash provided by operating activities.
4 Non-GAAP measure. See end of release for reconciliation to Costs applicable to sales.
5 Non-GAAP measure. See end of release for reconciliation to Costs applicable to sales.


The following information was filed by Newmont Mining Corp (NEM) on Tuesday, February 21, 2017 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Statements Of Consolidated Cash Flows
Statements Of Consolidated Changes In Equity
Statements Of Consolidated Comprehensive Income (loss)
Statements Of Consolidated Comprehensive Income (loss) (parenthetical)
Statements Of Consolidated Operations
Statements Of Consolidated Operations (parenthetical)
Basis Of Presentation - Definitive Agreement (details)
Business Acquisition
Business Acquisition (tables)
Business Acquisition - Consideration (details)
Business Acquisition - Recognized Assets And Liabilities (details)
Commitments And Contingencies
Commitments And Contingencies - Administrative Matters (details)
Commitments And Contingencies - Environmental Matters (details)
Commitments And Contingencies - Environmental Matters By Site (details)
Commitments And Contingencies - Investigations (details)
Commitments And Contingencies - Nwg Investments Inc V. Fronteer Gold Inc. (details)
Commitments And Contingencies - Other Commitments (details)
Commitments And Contingencies - Other Legal Matters (details)
Commitments And Contingencies - Royalty Obligations (details)
Condensed Consolidating Financial Statements
Condensed Consolidating Financial Statements (tables)
Condensed Consolidating Financial Statements - Balance Sheet (details)
Condensed Consolidating Financial Statements - Statement Of Cash Flows (details)
Condensed Consolidating Financial Statements - Statement Of Operation (details)
Debt
Debt (tables)
Debt - 2017 Convertible Senior Notes (details)
Debt - 2019 And 2039 Senior Notes (details)
Debt - 2022 And 2042 Senior Notes (details)
Debt - 2035 Senior Notes (details)
Debt - Corporate Revolving Credit Facility (details)
Debt - Long-term Debt (details)
Debt - Maturities (details)
Debt - Subsidiary Financings And Debt Covenants (details)
Derivative Instruments
Derivative Instruments (tables)
Derivative Instruments - Batu Hijau Contingent Consideration (details)
Derivative Instruments - Diesel Derivative Contracts Outstanding (details)
Derivative Instruments - Embedded Derivatives (details)
Derivative Instruments - Fair Values Of Instruments Designated As Hedges (details)
Derivative Instruments - Foreign Currency Derivative Contracts Outstanding (details)
Derivative Instruments - Location And Amount Of Gains (losses) Reported In Financial Statements (details)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Batu Hijau Balance Sheet (details)
Discontinued Operations - Batu Hijau Cash Flows (details)
Discontinued Operations - Batu Hijau Net Income (loss) (details)
Discontinued Operations - Batu Hijau Other Information (details)
Discontinued Operations - Batu Hijau Terms (details)
Discontinued Operations - Holt Royalty Obligation (details)
Discontinued Operations - Summary (details)
Employee-related Benefits
Employee-related Benefits (tables)
Employee-related Benefits - Asset Allocation (details)
Employee-related Benefits - Benefit Obligations And Assets (details)
Employee-related Benefits - Current And Long-term Employee-related Benefits (details)
Employee-related Benefits - Defined Contribution Plans (details)
Employee-related Benefits - Effect Of One Percentage Point Change In Assumed Health Care Cost Trend Rates (details)
Employee-related Benefits - Fair Value Of Plan Assets (details)
Employee-related Benefits - Health Care Trend Rates (details)
Employee-related Benefits - Net Pension Amounts Recognized In The Consolidated Balance Sheets (details)
Employee-related Benefits - Net Periodic Pension Costs And Components Recognized In Other Comprehensive Income (loss) (details)
Employee-related Benefits - Significant Assumptions (details)
Equity Income (loss) Of Affiliates
Equity Income (loss) Of Affiliates (details)
Equity Income (loss) Of Affiliates (tables)
Equity Income (loss) Of Affiliates - Additional Information (details)
Fair Value Accounting
Fair Value Accounting (tables)
Fair Value Accounting - Additional Information (detail)
Fair Value Accounting - Changes In The Fair Value Of Level 3 Financial Assets And Liabilities (details)
Fair Value Accounting - Fair Value On A Recurring Basis (details)
Fair Value Accounting - Nonrecurring Measurements (details)
Fair Value Accounting - Quantitative Information (details)
Impairment Of Long-lived Assets
Impairment Of Long-lived Assets (details)
Impairment Of Long-lived Assets (tables)
Income And Mining Taxes
Income And Mining Taxes (tables)
Income And Mining Taxes - (expense) Benefit - Current Vs Deferred (details)
Income And Mining Taxes - Additional Information (details)
Income And Mining Taxes - Components Of Deferred Tax Assets (liabilities) (details)
Income And Mining Taxes - Domestic Vs Foreign (details)
Income And Mining Taxes - Tax Expense Reconciliation (details)
Income And Mining Taxes - Tax Loss Carryforwards, Foreign Tax Credits, And Amt Credits (details)
Income And Mining Taxes - Unrecognized Tax Benefits (details)
Income And Mining Taxes - Valuation Of Deferred Tax Assets (details)
Inventories
Inventories (tables)
Inventories - Additional Information (details)
Inventories - Summary Of Inventories (details)
Investments
Investments (tables)
Investments - Equity Method Investments (details)
Investments - Gross Unrealized Losses And Fair Value Of The Company's Investments (details)
Investments - Impairments And Other Information (details)
Investments - Investment Sales (details)
Investments - Marketable Securities - Amortized Cost/fair Value (details)
Investments - Other Investment Changes - Novo (details)
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 (tables)
Net Income (loss) Attributable To Noncontrolling Interests - Classified Assets And Liabilities Of Consolidated Vies (details)
Net Income (loss) Attributable To Noncontrolling Interests - Net Income (loss) (details)
Net Income (loss) Attributable To Noncontrolling Interests - Ownership (details)
Newmont Equity And Income/loss Per Share
Newmont Equity And Income/loss Per Share (tables)
Newmont Equity And Income/loss Per Share - Additional Information (details)
Newmont Equity And Income/loss Per Share - Anti-dilutive Shares (details)
Newmont Equity And Income/loss Per Share - Basic And Diluted (details)
Operating Lease Commitments
Operating Lease Commitments (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)
Property, Plant And Mine Development
Property, Plant And Mine Development (tables)
Property, Plant And Mine Development - Additional Information (details)
Property, Plant And Mine Development - Property, Plant And Mine Development (details)
Reclamation And Remediation
Reclamation And Remediation (tables)
Reclamation And Remediation - Acquisitions And Disposals (details)
Reclamation And Remediation - Additional Information (details)
Reclamation And Remediation - Expense (details)
Reclamation And Remediation - Impairment Assessment (details)
Reclamation And Remediation - Reconciliation Of Obligations (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) - Components Of Aoci (details)
Reclassifications Out Of Accumulated Other Comprehensive Income (loss) - Reclassifications (details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii—valuation And Qualifying Accounts (details)
Segment Information
Segment Information (tables)
Segment Information - Concentration Risk (details)
Segment Information - Financial Information Table (details)
Segment Information - Long-lived Assets (details)
Segment Information - Revenues By Location (details)
Stock Based Compensation (tables)
Stock-based Compensation
Stock-based Compensation - Compensation Costs (details)
Stock-based Compensation - Non-option Award Activity (details)
Stock-based Compensation - Other Stock Based Compensation (details)
Stock-based Compensation - Stock Option And General Information (details)
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 (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Consolidation - Other (details)
Summary Of Significant Accounting Policies - Recently Issued Accounting Pronouncements (details)
Summary Of Significant Accounting Policies - Reclassifications (details)
Summary Of Significant Accounting Policies - Revenue Recognition And Income And Mining Taxes (details)
Summary Of Significant Accounting Policies - Risks And Uncertainties (details)
Summary Of Significant Accounting Policies - Stockpiles And Ore On Leach Pads (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Supplemental Cash Flow Information - Additional Information (details)
The Company
Unaudited Supplementary Data
Unaudited Supplementary Data (details)
Unaudited Supplementary Data (tables)
Unaudited Supplementary Data - Additional Information (details)
Ticker: NEM
CIK: 1164727
Form Type: 10-K Annual Report
Accession Number: 0001558370-17-000729
Submitted to the SEC: Tue Feb 21 2017 5:29:57 PM EST
Accepted by the SEC: Tue Feb 21 2017
Period: Saturday, December 31, 2016
Industry: Gold And Silver Ores

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