Newmont Announces Second Quarter Attributable Gold and Copper Production and Sales
This release reflects Newmont′s preliminary second quarter operating
results, which remain subject to change when the Company files its
second quarter Form 10-Q on Thursday, July 25, 20131.
Newmont Mining Corporation (NYSE: NEM) ('Newmont? or the 'Company?)
today reported preliminary second quarter attributable gold and copper
production of 1.167 million ounces and 34 million pounds, respectively.
Preliminary attributable gold and copper sales were 1.213 million ounces
and 37 million pounds, respectively. Second quarter gold production was
in line with expectations.
The London PM Fix average gold price for the quarter was $1,415 per
ounce.
The Company continues to expect full year 2013 attributable gold and
copper production of 4.8 ? 5.1 million ounces and 150 ? 170 million
pounds, respectively.
1 See cautionary statement regarding preliminary results at
the end of this release.
Q2 2013 Preliminary Operating Results
Attributable Production | ? | ? | ? | ? | ? | ? | ? | ? | ||||||||
? | ? | Q2 2012 | Q1 2013 | Q2 2013 |
|
| ||||||||||
Region | (Kozs, Mlbs) | (Kozs, Mlbs) | (Kozs, Mlbs) | Q2 2012 | Q1 2013 | |||||||||||
Nevada a | 378 | 381 | 383 | 1% | 1% | |||||||||||
La Herradura | ? | ? | 59 | ? | ? | 55 | ? | ? | 54 | ? | ? | -8% | ? | ? | -2% | |
North America | ? | ? | 437 | ? | ? | 436 | ? | ? | 437 | ? | ? | 0% | ? | ? | 0% | |
Yanacocha | ? | ? | 200 | ? | ? | 147 | ? | ? | 150 | ? | ? | -25% | ? | ? | 2% | |
La Zanja | ? | ? | 13 | ? | ? | 15 | ? | ? | 17 | ? | ? | 31% | ? | ? | 13% | |
South America | ? | ? | 213 | ? | ? | 162 | ? | ? | 167 | ? | ? | -22% | ? | ? | 3% | |
Boddington | ? | ? | 180 | ? | ? | 177 | ? | ? | 171 | ? | ? | -5% | ? | ? | -3% | |
Other Australia/NZ | ? | ? | 212 | ? | ? | 258 | ? | ? | 247 | ? | ? | 17% | ? | ? | -4% | |
Asia Pacific | ? | ? | 392 | ? | ? | 435 | ? | ? | 418 | ? | ? | 7% | ? | ? | -4% | |
Batu Hijau | ? | ? | 8 | ? | ? | 7 | ? | ? | 6 | ? | ? | -25% | ? | ? | -14% | |
Indonesia | ? | ? | 8 | ? | ? | 7 | ? | ? | 6 | ? | ? | -25% | ? | ? | -14% | |
Ahafo | ? | ? | 132 | ? | ? | 125 | ? | ? | 139 | ? | ? | 5% | ? | ? | 11% | |
Africa | ? | ? | 132 | ? | ? | 125 | ? | ? | 139 | ? | ? | 5% | ? | ? | 11% | |
Total Gold | ? | ? | 1,182 | ? | ? | 1,165 | ? | ? | 1,167 | ? | ? | -1% | ? | ? | 0% | |
Boddington | ? | ? | 18 | ? | ? | 18 | ? | ? | 16 | ? | ? | -11% | ? | ? | -11% | |
Batu Hijau | ? | ? | 20 | ? | ? | 20 | ? | ? | 18 | ? | ? | -10% | ? | ? | -10% | |
Total Copper | ? | ? | 38 | ? | ? | 38 | ? | ? | 34 | ? | ? | -11% | ? | ? | -11% | |
? |
Attributable Sales | ? | ? | ? | ? | ? | ? | ? | ? | ||||||||
? | ? | Q2 2012 | Q1 2013 | Q2 2013 |
|
| ||||||||||
Region | (Kozs, Mlbs) | (Kozs, Mlbs) | (Kozs, Mlbs) | Q2 2012 | Q1 2013 | |||||||||||
Nevada a | 361 | ? | ? | 351 | ? | ? | 399 | ? | ? | 11% | ? | ? | 14% | |||
La Herradura | ? | ? | 59 | ? | ? | 55 | ? | ? | 54 | ? | ? | -8% | ? | ? | -2% | |
North America | ? | ? | 420 | ? | ? | 406 | ? | ? | 453 | ? | ? | 8% | ? | ? | 12% | |
Yanacocha | ? | ? | 196 | ? | ? | 143 | ? | ? | 152 | ? | ? | -22% | ? | ? | 6% | |
La Zanja | ? | ? | 13 | ? | ? | 15 | ? | ? | 17 | ? | ? | 31% | ? | ? | 13% | |
South America | ? | ? | 209 | ? | ? | 158 | ? | ? | 169 | ? | ? | -19% | ? | ? | 7% | |
Boddington | ? | ? | 164 | ? | ? | 200 | ? | ? | 193 | ? | ? | 18% | ? | ? | -4% | |
Other Australia/NZ | ? | ? | 211 | ? | ? | 254 | ? | ? | 250 | ? | ? | 18% | ? | ? | -2% | |
Asia Pacific | ? | ? | 375 | ? | ? | 454 | ? | ? | 443 | ? | ? | 18% | ? | ? | -2% | |
Batu Hijau | ? | ? | 6 | ? | ? | 3 | ? | ? | 6 | ? | ? | 0% | ? | ? | 100% | |
Indonesia | ? | ? | 6 | ? | ? | 3 | ? | ? | 6 | ? | ? | 0% | ? | ? | 100% | |
Ahafo | ? | ? | 130 | ? | ? | 119 | ? | ? | 142 | ? | ? | 9% | ? | ? | 19% | |
Africa | ? | ? | 130 | ? | ? | 119 | ? | ? | 142 | ? | ? | 9% | ? | ? | 19% | |
Total Gold | ? | ? | 1,140 | ? | ? | 1,140 | ? | ? | 1,213 | ? | ? | 6% | ? | ? | 6% | |
Boddington | ? | ? | 13 | ? | ? | 20 | ? | ? | 19 | ? | ? | 46% | ? | ? | -5% | |
Batu Hijau | ? | ? | 15 | ? | ? | 11 | ? | ? | 18 | ? | ? | 20% | ? | ? | 64% | |
Total Copper | ? | ? | 28 | ? | ? | 31 | ? | ? | 37 | ? | ? | 32% | ? | ? | 19% |
a Production and sales volumes do not include copper production from the Phoenix mine. Phoenix copper production is accounted for as a by-product and its revenues, net of treatment and refining charges, are credited to Nevada costs applicable to sales as a by-product credit. |
b Included in attributable sales are Newmont′s non-consolidated equity interests in La Zanja and Duketon. |
? |
Conference Call Details
Newmont Mining Corporation will report second quarter 2013 results after
the market closes on Thursday, July 25, 2013. A conference call
will be held on Friday, July 26 at 10:00 a.m. Eastern Time
(8:00 a.m. Mountain Time); it will also be carried on the Company′s
website.
Conference Call Details | |||||||
? | ? | ? |
| ? | ? | ? |
|
|
| ||||||
|
| ||||||
|
| ||||||
|
| ||||||
|
| ||||||
|
|
Webcast Details | |||||||
? | ? | ? | URL | ? | ? | ? |
The second quarter 2013 results and related financial and statistical
information will be available after the market close on Thursday, July
25, 2013 on the 'Investor Relations? section of the Company′s web site, www.newmont.com.
Additionally, the conference call will be archived for a limited time on
the Company′s website.
Cautionary Statement Regarding Preliminary Results
We caution you that, whether or not expressly stated, all measures of
the Company's second quarter financial results and condition contained
in this news release, including gold and copper production and sales,
are preliminary and reflect our expected second quarter results as of
the date of this news release. Actual reported results are subject to
management's final review as well as audit by the Company's independent
registered accounting firm and may vary significantly from those
expectations because of a number of factors, including, without
limitation, additional or revised information and changes in accounting
standards or policies or in how those standards are applied. For a
discussion of factors that may adversely affect our financial results
and condition, see the Company′s 2012 Annual Report on Form 10-K, filed
on February 22, 2013, with the Securities and Exchange Commission
('SEC?), as well as the Company′s other SEC filings, available on the
SEC's website at www.sec.gov.
The Company will provide additional discussion and analysis and other
important information about its second quarter financial results and
condition when it reports actual results on July 25, 2013. Investors are
encouraged to consider this information in conjunction with the
Company′s Form 10-Q for the quarter-ended June 30, 2013, which is
expected to be filed with the SEC on or about July 25, 2013.
Cautionary Statement Regarding Forward Looking
Statements:
This release contains '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 forward-looking statements may include, without
limitation estimates of full year 2013 attributable gold and copper
production and sales. ?Estimates or expectations of future events or
results are based upon certain assumptions, which may prove to be
incorrect. Such assumptions, include, but are not limited to: (i) there
being no significant change to current geotechnical, metallurgical,
hydrological, meteorological and other physical conditions; (ii)
permitting, development, operations and expansion being consistent with
current expectations and mine plans; (iii) political developments in any
jurisdiction in which the Company operates being consistent with its
current expectations; (v) certain price assumptions for gold, copper and
oil; (vi) prices for key supplies being approximately consistent with
current levels; and (vii) the accuracy of our current mineral reserve
and mineral resource estimates. Where the Company expresses or implies
an expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to have a
reasonable basis. However, such statements are subject to risks,
uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by
the 'forward-looking statements?. ?Such risks include, but are not
limited to, gold and other metals price volatility, currency
fluctuations, increased production costs and variances in ore grade or
recovery rates from those assumed in mining plans, political and
operational risks, community relations, conflict resolution and outcome
of oppositions and governmental regulation and judicial outcomes. For a
more detailed discussion of such risks and other factors, see the
Company′s 2012 Annual Report on Form 10-K, filed on February 22, 2013,
with the Securities and Exchange Commission, as well as the Company′s
other SEC filings. The Company does not undertake any obligation to
release publicly revisions to any 'forward-looking statement,?
including, without limitation, outlook, to reflect events or
circumstances after the date of this news release, or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws. Investors should not assume that any lack of
update to a previously issued 'forward-looking statement? constitutes a
reaffirmation of that statement. Continued reliance on 'forward-looking
statements? is at investors' own risk.
Newmont Mining Corporation
Investor
Contacts
John Seaberg, 303-837-5743
john.seaberg@newmont.com
Allysa
Howell, 303-837-5788
allysa.howell@newmont.com
or
Media
Contacts
Omar Jabara, 303-837-5114
omar.jabara@newmont.com
Diane
Reberger, 303-967-9455
diane.reberger@newmont.com