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Newmont Mining Corp (NEM) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Newmont Mining Corp

CIK: 1164727 Ticker: NEM

Exhibit 99.1

Newmont Announces Full Year and Fourth Quarter 2017 Results

DENVER--(BUSINESS WIRE)--February 22, 2018--Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced full year and fourth quarter 2017 results that demonstrated improved operational and financial performance.

Full Year 2017 Summary

  • Net income (loss): Delivered full year GAAP net income (loss) from continuing operations attributable to stockholders of $(60) million or $(0.11) per diluted share; delivered adjusted net income1 of $780 million or $1.46 per diluted share, up 26 percent compared to the prior year
  • EBITDA: Generated $2.7 billion in adjusted EBITDA2, up 12 percent compared to the prior year
  • Cash flow: Reported consolidated operating cash flow from continuing operations of $2.4 billion, up 22 percent from the prior year, and free cash flow3 of $1.5 billion, up 88 percent from the prior year
  • Gold costs applicable to sales (CAS)4: Reported CAS of $691 per ounce, in line with full year guidance
  • Gold all-in sustaining costs (AISC)5: Reported AISC of $924 per ounce, in line with full year guidance
  • Attributable gold production: Produced 5.3 million ounces of gold, up eight percent from the prior year, in line with full year guidance
  • Portfolio improvements: Declared commercial production at the Tanami Expansion Project and approved the Tanami Power Project in Australia; achieved a full year of underground operation at Northwest Exodus and mined first ore at the Twin Creeks Underground mine in Nevada; approved and progressed expansion of the Ahafo Mill and produced first gold at Subika Underground in Africa; completed first full year of operations at Merian in Suriname; approved Quecher Main and increased ownership in Yanacocha in Peru; invested in early stage development projects in the Canadian Yukon, Colombia, Guiana Shield and the Andes; declared gold reserves of 68.5 million ounces, fully replacing depletion at a constant gold price, and increased gold resources6 to 48.2 million ounces
  • Financial strength: Reduced net debt to $0.8 billion, ending the year with $3.3 billion cash on hand, and an industry leading, investment-grade credit profile; fourth quarter dividend declared raised to $0.14 per share, nearly three times higher than the prior year quarter
  • Outlook: Released improved 2018 guidance at Investor Day for attributable production, CAS per ounce and AISC per ounce; increased 2018 capital outlook by $300 million7 following approval of the Tanami Power Project and the Turquoise Ridge Joint Venture Mine Optimization Project

“Newmont continued its steady trajectory of improving operational and financial performance in 2017, and built a stronger base for long-term value creation,” said Gary J. Goldberg, President and Chief Executive Officer. “We improved adjusted EBITDA by 12 percent to $2.7 billion and free cash flow by 88 percent to $1.5 billion on the back of lower cost production from newer mines and ongoing productivity improvements across the portfolio. This performance gave us the means to invest in five new projects, raise our dividend by 87 percent, and increase our investment in exploration – an investment that paid off as we added 6.4 million ounces of gold to our Reserve base, offsetting depletion for the first time in five years.”


The following information was filed by Newmont Mining Corp (NEM) on Thursday, February 22, 2018 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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Inside Newmont Mining Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii—valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (parenthetical)
Business Acquisition
Business Acquisition (tables)
Business Acquisition - Consideration (details)
Business Acquisition - Recognized Assets And Liabilities (details)
Commitments And Contingencies
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 - Administrative Matters (details)
Commitments And Contingencies - Royalty Obligations (details)
Condensed Consolidating Financial Statements
Condensed Consolidating Financial Statements (tables)
Condensed Consolidating Financial Statements - Additional Information (details)
Condensed Consolidating Financial Statements - Balance Sheet (details)
Condensed Consolidating Financial Statements - Cash Flows (details)
Condensed Consolidating Financial Statements - Statement Of Operations (details)
Debt
Debt (tables)
Debt - 2017 Convertible Senior Notes And 2019 Term Loan (details)
Debt - 2019 And 2039 Senior Notes (details)
Debt - 2022 And 2042 Senior Notes (details)
Debt - 2035 Senior Notes (details)
Debt - Corporate Revolving Credit Facilities (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 Net Income (loss) (details)
Discontinued Operations - Batu Hijau Terms (details)
Discontinued Operations - Holt Royalty Obligation (details)
Discontinued Operations - Ptnnt Cash Flows (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 - Changes In The Fair Value Of Level 3 Financial Assets And Liabilities (details)
Fair Value Accounting - Nonrecurring Measurement (details)
Fair Value Accounting - Quantitative Information (details)
Fair Value Accounting - Recurring Basis (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 - Changes In Valuation Allowance (details)
Income And Mining Taxes - Components Of Deferred Tax Assets (liabilities) (details)
Income And Mining Taxes - Domestic Vs Foreign (details)
Income And Mining Taxes - Income And Mining Tax Benefit (expense) - Current Vs Deferred (detail)
Income And Mining Taxes - Other Information (details)
Income And Mining Taxes - Tax Cuts And Jobs Act Narrative (details)
Income And Mining Taxes - Tax Cuts And Jobs Act Other (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 - Unrecognized Tax Benefits - Narrative (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 - Impairments And Other (details)
Investments - Marketable Securities - Amortized Cost/fair Value (details)
Investments - Other Changes - Novo (details)
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)
Net Income (loss) Attributable To Noncontrolling Interests
Net Income (loss) Attributable To Noncontrolling Interests (tables)
Net Income (loss) Attributable To Noncontrolling Interests - Consolidated Assets And Liabilities Of Vie (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 - Basic And Diluted (details)
Operating Lease Commitments
Operating Lease Commitments (details)
Other Expense, Net
Other Expense, Net (tables)
Other Expense, Net - Other Information (details)
Other Expense, Net - Summary (details)
Other Income, Net
Other Income, Net (tables)
Other Income, Net - Other Information (details)
Other Income, Net - Summary (details)
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 - 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)
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 - Assets Held For Sale And Discontinued Operations (details)
Summary Of Significant Accounting Policies - Consolidation - Other (details)
Summary Of Significant Accounting Policies - Investments (details)
Summary Of Significant Accounting Policies - Recently Adopted Accounting Pronouncements - Stock-based Compensation (details)
Summary Of Significant Accounting Policies - Recently Issued Accounting Pronouncements - Investments (details)
Summary Of Significant Accounting Policies - Recently Issued Accounting Pronouncements - Restricted Cash (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)
Ticker: NEM
CIK: 1164727
Form Type: 10-K Annual Report
Accession Number: 0001558370-18-000894
Submitted to the SEC: Thu Feb 22 2018 7:37:20 AM EST
Accepted by the SEC: Thu Feb 22 2018
Period: Sunday, December 31, 2017
Industry: Gold And Silver Ores

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