The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Newmont Announces Attributable Third Quarter Gold and Copper Production and Sales

Tuesday, October 16, 2012

Newmont Announces Attributable Third Quarter Gold and Copper Production and Sales16:15 EDT Tuesday, October 16, 2012This release reflects Newmont's preliminary third quarter operating results and are subject to change when the Company files its third quarter Form 10-Q on Thursday, November 1st.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 1st, 2012, after market close. RegionQ3 2012 Attributable Production(Kozs, Mlbs)Q3 2012 Attributable Sales*(Kozs, Mlbs)YTD 2012 Attributable Production(Kozs, Mlbs)YTD 2012 Attributable Sales*(Kozs, Mlbs)Nevada45744212701236La Herradura 5151164164  North America50849314341400Yanacocha182182570558La Zanja14144040  South America196196610598Boddington166167508507Other Australia/NZ 229223710690Batu Hijau 772623  Asia Pacific40239712441220Ahafo131123438422  Africa131123438422Total Gold1237120937263640Boddington 16174846Batu Hijau 19216057Total Copper3538108103*Included in attributable sales are Newmont's non-consolidated equity interests in La Zanja and Duketon. Conference Call InformationA 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 DetailsDial-In Number888.566.1822Intl Dial-In Number312.470.7116LeaderJohn SeabergPasscodeNewmontReplay Number800-834-5839Intl Replay Number203-369-3351Replay Passcode2012Webcast DetailsURLhttp://services.choruscall.com/links/newmont121102.htmlPlease 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.  AppendixAttributable Production  RegionQ3 2011 Attributable Production(Kozs, Mlbs)Q2 2012 Attributable Production(Kozs, Mlbs)Q3 2012 Attributable Production(Kozs, Mlbs)2011 YTD Attributable Production(Kozs, Mlbs)2012 YTD Attributable Production(Kozs, Mlbs)% ChangeQ3 2012 vs Q3 2011% ChangeQ3 2012 vs Q2 2012% ChangeYTD 2012 vs YTD 2011Nevada428378457121812707%21%4%La Herradura 545951156164-4%-12%5%   North America482437508137414345%16%4%Yanacocha1692001824925708%-9%16%La Zanja1913144940-26%8%-18%  South America1882131965416104%-8%13%Boddington1661801665365080%-8%-5%Other Australia/NZ 263212229814710-13%8%-13%Batu Hijau 668713826-89%-13%-81%  Asia Pacific49540040214881244-19%0%-16%Ahafo146132131478438-10%-1%-8%  Africa146132131478438-10%-1%-8%Total Gold13111182123738813726-6%5%-4%Boddington 1718164748-7%-12%2%Batu Hijau 41201911260-54%-5%-46%Total Copper583835159108-40%-8%-32%SOURCE Newmont Mining CorporationFor further information: Media, Omar Jabara, +1-303-837-5114, omar.jabara@newmont.com, or Diane Reberger, +1-303-967-9455, diane.reberger@newmont.com, or Investors, John Seaberg, +1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, +1-303-837-6049, karli.anderson@newmont.com