Newmont Announces Attributable Third Quarter Gold and Copper Production and Sales
DENVER, Oct. 16, 2012 /PRNewswire/ — Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) today reported preliminary third quarter attributable gold and copper production of 1.24 million ounces and 35 million pounds, respectively. Preliminary attributable gold and copper sales were 1.21 million ounces and 38 million pounds, respectively, at average realized prices of approximately $1,659 per ounce of gold and $3.54 per pound of copper. The London PM Fix average gold price for the quarter was $1,652 per ounce. Third quarter production was impacted by lower mill availability and recoveries at Boddington, and lower ore tonnes and grade mined at Tanami in Australia.
The Company is also expecting a $27 million charge for Hope Bay care and maintenance and a charge of approximately $50 million for restructuring, severance, and related costs in Other Expense for the quarter.
Newmont will report its third quarter 2012 financial results on Thursday, November 1(st), 2012, after market close.
Region Q3 2012 Attributable Production Q3 2012 Attributable Sales* YTD 2012 Attributable Production YTD 2012 Attributable Sales*
(Kozs, Mlbs) (Kozs, Mlbs) (Kozs, Mlbs) (Kozs, Mlbs)
--- ----------- ----------- ----------- -----------
Nevada 457 442 1270 1236
La Herradura 51 51 164 164
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North America 508 493 1434 1400
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Yanacocha 182 182 570 558
La Zanja 14 14 40 40
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South America 196 196 610 598
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Boddington 166 167 508 507
Other Australia/NZ 229 223 710 690
Batu Hijau 7 7 26 23
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Asia Pacific 402 397 1244 1220
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Ahafo 131 123 438 422
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Africa 131 123 438 422
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Total Gold 1237 1209 3726 3640
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Boddington 16 17 48 46
Batu Hijau 19 21 60 57
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Total Copper 35 38 108 103
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*Included in attributable sales are Newmont's non-consolidated equity interests in La Zanja and Duketon.
Conference Call Information
A conference call will be held on Friday, November 2, 2012 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
888.566.1822
Dial-In Number
312.470.7116
Intl Dial-In Number
John Seaberg
Leader
Newmont
Passcode
800-834-5839
Replay Number
203-369-3351
Intl Replay Number
2012
Replay Passcode
Webcast Details
http://services.choruscall.com/links/
newmont121102.html
URL
Please download the free Newmont Investor Relations iPad application from the Apple Online App Store, keyword search “Newmont”.
Cautionary Statement About Preliminary Results
We caution you that, whether or not expressly stated, all measures of the Company’s third quarter financial results and condition contained in this news release, including production, sales, average realized price, care and maintenance costs and other expenses, are preliminary results as of the date of this news release. Actual reported third quarter results are subject to management’s final review as well as review by the Company’s independent registered accounting firm, and may vary due to 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, refer to the Company’s 2011 Annual Report on Form 10-K, filed on February 24, 2012, 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. Investors are encouraged to review the Company’s third quarter Form 10-Q, which is expected to be filed on Form 10-Q on or prior to Friday, November 2, 2012 for the actual reported third quarter results.
Appendix
Attributable Production
Region Q3 2011 Attributable Production Q2 2012 Attributable Production Q3 2012 Attributable Production 2011 YTD Attributable Production 2012 YTD Attributable Production % Change % Change % Change
(Kozs, Mlbs) (Kozs, Mlbs) (Kozs, Mlbs) (Kozs, Mlbs) (Kozs, Mlbs) Q3 2012 vs Q3 2011 Q3 2012 vs Q2 2012 YTD 2012 vs YTD 2011
--- ----------- ----------- ----------- ----------- ----------- ------------------ ------------------ --------------------
Nevada 428 378 457 1218 1270 7% 21% 4%
La Herradura 54 59 51 156 164 -4% -12% 5%
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North America 482 437 508 1374 1434 5% 16% 4%
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Yanacocha 169 200 182 492 570 8% -9% 16%
La Zanja 19 13 14 49 40 -26% 8% -18%
-------- --- --- --- --- --- --- --- ---
South America 188 213 196 541 610 4% -8% 13%
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Boddington 166 180 166 536 508 0% -8% -5%
Other Australia/NZ 263 212 229 814 710 -13% 8% -13%
Batu Hijau 66 8 7 138 26 -89% -13% -81%
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Asia Pacific 495 400 402 1488 1244 -19% 0% -16%
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Ahafo 146 132 131 478 438 -10% -1% -8%
----- --- --- --- --- --- --- --- ---
Africa 146 132 131 478 438 -10% -1% -8%
------ --- --- --- --- --- --- --- ---
Total Gold 1311 1182 1237 3881 3726 -6% 5% -4%
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Boddington 17 18 16 47 48 -7% -12% 2%
Batu Hijau 41 20 19 112 60 -54% -5% -46%
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Total Copper 58 38 35 159 108 -40% -8% -32%
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SOURCE Newmont Mining Corporation
