Raising Our Performance to the Next Level

In 2015, Newmont continued making progress on its strategy to lead the gold sector in profitability and responsibility, and is building on that momentum in 2016.

Newmont’s President and CEO, Gary Goldberg, presented the company’s strategy, 2015 achievements and 2016 outlook at the 25th annual BMO Global Metals & Mining conference. In his presentation, Goldberg highlighted how the Newmont team is creating value and improving lives by:

  • Cutting injury rates by 18 percent to among the lowest in the mining industry
  • Reducing gold all-in sustaining costs by 10 percent, and keeping them below $1,000 per ounce for six consecutive quarters
  • Being ranked the mining industry’s sustainability leader in 2015 by the Dow Jones Sustainability Index
  • Increasing adjusted EBITDA by 29 percent to $2.7 billion despite a 9 percent decrease in realized gold price, and more than doubling free cash flow to $756 million
  • Divesting non-core assets, bringing total sales proceeds to $1.7 billion since 2013
  • Reducing net debt by 19 percent while continuing to invest in profitable new production in Australia, Suriname and the United States
  • Adding five million ounces of gold Reserves through exploration
  • Delivering first quartile Total Shareholder Returns versus our competitors, including paying $52 million in dividends

Goldberg concluded his presentation with the following:

“We’re proud of what we’ve accomplished over the last three years, but our sights are set on raising our performance to the next level. This means:

  • Moving from one of the safest companies in the mining sector to one of the safest among all industries;
  • Taking our asset portfolio from good to great;
  • Building a strong and diverse talent pipeline and maintaining leading environmental, social and governance practices, and;
  • Generating the financial flexibility we need to fund our best projects, reduce debt and return cash to shareholders.”

To view Gary Goldberg’s complete presentation, please visit our website. You may also view his CNBC interview during the conference at this link.

Cautionary Statement: This blog may contain certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, such as with respect to future financial flexibility, project funding, debt reduction, return of capital to shareholders and other future plans. Estimates or expectations of future events or results are based upon certain assumptions, which are subject to risks and uncertainties and may prove to be incorrect. Investors are encouraged to read the cautionary note on slide 2 of Newmont’s BMO Global Metals & Mining presentation available on Newmont’s website and at the link above. Investors are also cautioned that this blog also contains certain non-GAAP measures, such as adjusted EBITDA and gold all in sustaining costs. Investors are encouraged to refer to the reconciliations of non-GAAP metrics to the closest GAAP metric on pages 43-49 of Newmont’s BMO Global Metals & Mining presentation available on Newmont’s website.