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Newmont Corp (NEM) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Newmont Mining Corp

CIK: 1164727 Ticker: NEM
 
 Exhibit 99.1


Newmont Announces Full Year and Fourth Quarter 2019 Results

DENVER--(BUSINESS WIRE)--February 20, 2020--Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced full year and fourth quarter 2019 results.

2019 highlights

  • Assembled industry-leading portfolio of assets with the deepest project pipeline in top-tier jurisdictions after successfully completing two historic transactions
  • Produced 6.3 million attributable ounces of gold* and reported CAS* of $721 per ounce and AISC* of $966 per ounce, in line with the Company’s full year guidance
  • Delivered $2.9 billion of GAAP net income and adjusted EBITDA* of $3.7 billion
  • Generated $2.9 billion of cash from continuing operations and Free Cash Flow* of $1.4 billion
  • Reported industry-leading 100.2 million ounces of Gold Mineral Reserves
  • Delivered four projects on four continents on-time and within budget: Tanami Power in Australia, Borden in Canada, Ahafo Mill Expansion in Africa, and Quecher Main in Peru
  • Approved Tanami Expansion 2 project to extend mine life and increase profitable production
  • Maintained investment-grade balance sheet with $2.2 billion of consolidated cash and a leverage ratio of 1.2x net debt to pro forma adjusted EBITDA*
  • Recognized for industry-leading ESG performance: ranked as top gold company in DJSI for 5th consecutive year and as 3rd most transparent company in S&P 500 by Bloomberg ESG Disclosure score; recognized as top mining company on FORTUNE’s 2020 list of World’s Most Admired Companies

Outlook**

  • Stable production outlook of 6.4 million ounces in 2020, and 6.2 million ounces to 6.7 million ounces per year longer term through 2024 with an improving costs base
  • On track to realize $500 million per year of improvements in 2021, exceeding our commitment by approximately 40 percent
  • Expect to realize $1.4 billion in cash proceeds in Q1 2020 through divestitures
  • Announced plan to increase annual divided by 79 percent to $1.00 per share; effective upon approval and declaration of Q1 2020 dividend in April 2020

*See corresponding footnotes provided on the following pages below.
**See cautionary statement at end of release regarding forward-looking statements, including with respect to financial outlook and expected dividends.

“In 2019, Newmont generated $1.4 billion in free cash flow from the gold industry’s best portfolio of assets and we continued to deliver on our promises by completing four projects on four continents within budget,” said Tom Palmer, President and Chief Executive Officer. “We returned $1.4 billion to shareholders through dividends and share repurchases and as we enter our centenary year, Newmont is well positioned with the industry’s largest reserve base strategically located in top-tier jurisdictions that enables us to sustain production and generate robust cash flow across price cycles.”


The following information was filed by Newmont Mining Corp (NEM) on Thursday, February 20, 2020 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 Cash Flows (Parentheticals)
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parentheticals)
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Business Acquisition
Business Acquisition (Details)
Business Acquisition (Tables)
Business Acquisition - Pro-Forma Information (Details)
Business Acquisition - Purchase Price Allocation (Details)
Commitments And Contingencies
Commitments And Contingencies - Environmental Matters By Site (Details)
Commitments And Contingencies - Other Commitments (Details)
Commitments And Contingencies - Other Legal Matters - Nwg, Etc. (Details)
Commitments And Contingencies - Other Legal Matters - Yanacocha (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 (Details)
Debt - 2019 And 2039 Senior Notes (Details)
Debt - 2021, 2023, 2024 Senior Notes (Details)
Debt - 2022 And 2042 Senior Notes, 2029 Senior Notes (Details)
Debt - 2035 Senior Notes And Other Activity (Details)
Debt - Corporate Revolving Credit Facilities (Details)
Debt - Debt Covenants (Details)
Debt - Long-Term Debt (Details)
Debt - Maturities Of Long Term Debt (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Diesel Derivative Contracts Outstanding (Details)
Derivative Instruments - Fair Value, Batu Hijau, Continental (Details)
Derivative Instruments - Provisional Sales (Details)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Holt Royalty Obligation (Details)
Discontinued Operations - Summary (Details)
Employee Related Benefits
Employee Related Benefits - Benefit Obligations And Assets (Details)
Employee-Related Benefits (Tables)
Employee-Related Benefits - Asset Allocation (Details)
Employee-Related Benefits - Cash Flows (Details)
Employee-Related Benefits - Change In Assumed Health Care Cost Trend Rates (Details)
Employee-Related Benefits - Current And Long-Term Employee-Related Benefits (Details)
Employee-Related Benefits - Fair Value Of Plan Assets (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 Oci (Details)
Employee-Related Benefits - Savings Plans (Details)
Employee-Related Benefits - Significant Assumptions (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 - 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)
Goodwill
Goodwill (Details)
Goodwill (Tables)
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 - Components Of Deferred Tax Assets (Liabilities) (Details)
Income And Mining Taxes - Domestic Vs Foreign (Details)
Income And Mining Taxes - Factors That Impact Tax Rate (Details)
Income And Mining Taxes - Tax Benefit (Expense) - Current Vs Deferred (Detail)
Income And Mining Taxes - Tax Loss Carryforwards, Foreign Tax Credits, And Amt Credits (Details)
Income And Mining Taxes - Tax Rate Reconciliation (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 (Details)
Investments (Tables)
Investments - Purchases, Sales, And Exchanges (Details)
Lease And Other Financing Obligations
Lease And Other Financing Obligations (Tables)
Lease And Other Financing Obligations - Additional Information (Details)
Lease And Other Financing Obligations - Maturities (Details)
Lease And Other Financing Obligations - Parameters And Lease Cost (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 Nci - Net Income (Loss) (Details)
Net Income (Loss) Attributable To Nci - Ownership (Details)
Net Income (Loss) Attributable To Noncontrolling Interests
Net Income (Loss) Attributable To Noncontrolling Interests (Tables)
Nevada Gold Mines Joint Venture
Nevada Gold Mines Joint Venture (Details)
Nevada Gold Mines Joint Venture (Tables)
Nevada Gold Mines Joint Venture - Net Assets/Liabilities (Details)
Nevada Gold Mines Joint Venture - Other Information (Details)
Newmont Equity And Net Income (Loss) Per Common Share
Newmont Equity And Net Income (Loss) Per Common Share (Tables)
Newmont Equity And Net Income (Loss) Per Common Share - Basic And Diluted (Details)
Other Expense, Net
Other Expense, Net (Details)
Other Expense, Net (Tables)
Other Income, Net
Other Income, Net (Tables)
Other Income, Net - Additional Information (Details)
Other Income, Net - Components (Details)
Other Liabilities
Other Liabilities (Details)
Other Liabilities (Tables)
Property, Plant And Mine Development
Property, Plant And Mine Development (Details)
Property, Plant And Mine Development (Tables)
Property, Plant And Mine Development - Additional Information (Details)
Reclamation And Remediation
Reclamation And Remediation (Tables)
Reclamation And Remediation - Additional Information (Details)
Reclamation And Remediation - Expense (Details)
Reclamation And Remediation - Expense Detail (Details)
Reclamation And Remediation - Reconciliation Of Obligation (Details)
Reclassifications Out Of Aoci
Reclassifications Out Of Aoci (Tables)
Reclassifications Out Of Aoci - Components Of Aoci (Details)
Reclassifications Out Of Aoci - Reclassifications (Details)
Sales
Sales (Tables)
Sales - Concentration Risk (Details)
Sales - Disaggregation Of Revenue (Details)
Sales - Revenues By Location (Details)
Sales - Silver Streaming Agreement (Details)
Sales - Trade Receivables (Details)
Segment Information
Segment Information (Tables)
Segment Information - Assets Held For Sale (Details)
Segment Information - Financial Information Table (Details)
Segment Information - Long-Lived Assets (Details)
Stock Based Compensation (Tables)
Stock-Based Compensation
Stock-Based Compensation - Activity (Details)
Stock-Based Compensation - Compensation Costs (Details)
Stock-Based Compensation - 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)
Subsequent Events
Subsequent Events (Details)
Summary Of Policies - Income And Mining Taxes (Details)
Summary Of Policies - Recently Adopted - Leases (Details)
Summary Of Policies - Revenue Recognition (Details)
Summary Of Policies - Risks And Uncertainties (Details)
Summary Of Policies - Stockpiles And Ore On Leach Pads (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
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: 0001558370-20-001041
Submitted to the SEC: Thu Feb 20 2020 7:08:38 AM EST
Accepted by the SEC: Thu Feb 20 2020
Period: Tuesday, December 31, 2019
Industry: Gold And Silver Ores

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