Newmont Legacy Fund Campaign Sets New Record
ELKO, Nov. 8, 2017 –Newmont Mining Corporation (NYSE: NEM) announced today that its 2018 Newmont Legacy Fund campaign in Nevada set a new, all-time-high for employee participation and dollars pledged. The charitable workplace giving campaign concluded its eighth annual run, with an unprecedented 75 percent of employees participating and pledging a record $1.45 million to Nevadabased non-profit organizations of their choosing. Newmont will match employee pledges dollar-for-dollar, bringing the total pledged to a record $2.9 million.
“We’re so proud of our employees’ generosity as this year’s campaign represents the largest amount we’ve ever raised as part of our workplace charitable giving programs,” commented Nancy Ostler, Executive Director of the Newmont Legacy Fund. “What’s even better is that, in addition to matching dollar-for-dollar, Newmont covers all the overhead and administrative costs of the Legacy Fund so 100 percent of employees’ contributions are available to help more than 200 nonprofit organizations in Nevada.”
Newmont also is also proud to note that several employee-selected non-profit organizations in Colorado will soon begin to benefit from the first-ever Legacy Fund campaign at its Cripple Creek & Victor Mine (CC&V), which Newmont acquired in 2015. “In their 2018 campaign which recently concluded, our CC&V employees achieved 30 percent participation and a total pledge amount of $140,000,” Ostler reported, explaining that the combined Nevada and Colorado campaign totals translate into nearly $3.1 Million that will benefit communities in both states.
“On behalf of everyone at Newmont, I express our sincere gratitude to all Legacy Fund participants for their boundless generosity,” said Ostler. “I also want to personally thank the hard-working, dedicated campaign coordinators who continue to make the Legacy Fund a tremendous success, their deep commitment to creating value and improving lives through sustainable and responsible mining is truly heartwarming.”
This year, Newmont also celebrates the growth of the Newmont Endowment Fund beyond the $2 million mark to its current balance of $2.1 million. This fund, which will help sustain local communities long after Newmont has finished operations in northern Nevada, continues to grow by approximately $300,000 each year through employee and Newmont donations, investment income and outside sources such as AmazonSmile.
Newmont is a leading gold and copper producer. The Company’s operations are primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015, 2016 and 2017. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety Performance. Newmont was founded in 1921 and has been publicly traded since 1925.