Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion
Newmont Corporation (NYSE: NEM, TSX: NGT) reported gold Mineral Reserves (reserves) of 94.2 million attributable ounces for 2020 as compared to the Company's adjusted(1) 95.7 million ounces at the end of 2019. Newmont exceeded its 2020 conversion target by replacing 80 percent of all depletion and maintaining its industry-leading position with the largest gold reserves.
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"As the world's leading gold company, Newmont has an exceptional history of exploration success and a track record of consistently delivering on our commitments," said Tom Palmer, President and Chief Executive Officer. "In 2020, we added 6 million ounces of gold reserves overcoming the challenges of an unprecedented year. Newmont's ability to replace reserves is underpinned by our disciplined operating model and world-class portfolio which will support stable production for decades to come."
KEY HIGHLIGHTS AND DIFFERENTIATORS:
Industry's largest gold Mineral Reserves of 94.2 million ouncesOver 90 percent of gold reserves in top-tier jurisdictionsAddition of 6 million ounces in 2020, approximately 5 million ounces added through drillingGold reserve life at operating sites of >10 years underpinned by a strong base at Boddington, Tanami, Ahafo, Yanacocha, Penasquito, and Nevada Gold Mines (NGM), and further enhanced from our seven other operating mines and equity ownership in Pueblo ViejoSignificant gold reserves per share with 117 ounces per 1,000 shares, highest in the industryMeasured & Indicated gold Mineral Resources of 69.6 million ounces; Inferred of 31.6 million ouncesSignificant exposure to copper with 6.9 million tonnes in reserves, 8.0 million tonnes in Measured & Indicated resources and 3.9 million tonnes in Inferred resourcesAdditional exposure to silver, zinc, and lead mainly at Penasquito
PERCENTAGE OF GOLD RESERVES BY JURISDICTION
Newmont's reserve base is a key differentiator with over 90 percent of gold reserves located in top-tier jurisdictions, an operating reserve life of more than 10 years and average reserve grade of 1.03 grams per tonne. In addition, Newmont has substantial exposure to other metals, with nearly 65 million gold equivalent ounces(2) from copper, silver, zinc, lead and molybdenum.
PROVEN AND PROBABLE GOLD RESERVES(3) In millions of ounces 2019 Gold Reserves 95.7 95.7 Additions 4.9 4.9 Net Revisions 1.1 1.1 Depletion (7.5 (7.5 )
For 2020, Newmont reported 94.2 million ounces of gold Mineral Reserves slightly lower than prior year total of 95.7 million ounces after adjusting for the KCGM and Red Lake divestments. Depletion of 7.5 million ounces was largely replaced by additions before revisions of 4.9 million ounces and net revisions of 1.1 million ounces primarily from mine plan improvements.
Additions before revisions of 4.9 million ounces through exploration met the Company's target despite challenges created by the pandemic with travel restrictions and additional safety protocols. Notable reserve additions for the year from Newmont's operating sites included:
Ahafo added 0.8 million ounces primarily from drilling at Subika UndergroundTanami added 0.6 million ounces from additional drilling at Auron and FederationMerian added 0.6 million equity ounces primarily through drilling at the Merian 2 Open PitNevada Gold Mines added 0.8 million equity ounces and Pueblo Viejo added 0.7 million equity ounces
Favorable net revisions include 1.7 million ounces at Boddington due to the conversion of a layback in the North Open Pit from resource to reserve, partially offset by net negative revision at NGM of 0.4 million ounces and revisions at Ahafo, Cripple Creek & Victor (CC&V), and Musselwhite from mine model and design updates.
Newmont has continued to make progress at recently acquired sites, demonstrating the Company's ability to improve operational performance and position operations for future growth through its proven operating model and disciplined technical standards. Highlights from select sites in 2020 net of revisions included:
Eleonore replaced depletion with reserves of 1.3 million ounces, as a result of positive drilling results along with cost improvements from Newmont's Full Potential programPorcupine more than offset depletion, with reserves of 3 million ounces largely due to progressing study work at the Pamour pit and nearly replacing depletion at the Borden UndergroundCerro Negro replaced depletion with reserves of 2.6 million ounces by advancing infill drilling at underground mines
Newmont's 38.5 percent interest in NGM represented 17.4 million equity ounces of gold reserves at year end, as compared to 18.6 million equity ounces at the end of 2019. PV represented 4.1 million equity ounces in gold reserves at year end as compared to 3.8 million equity ounces at the end of 2019, representing Newmont's 40 percent interest.
Gold reserve grade held constant at 1.03 grams per tonne compared to the prior year.
MEASURED & INDICATED GOLD RESOURCES(4) INFERRED GOLD RESOURCES(4) INFERRED GOLD RESOURCES(4) In millions of ounces In millions of ounces In millions of ounces 2019 Gold Resources 74.1 74.1 2019 Gold Resources 2019 Gold Resources 29.4 29.4 Additions 3.4 3.4 Additions Additions 3.5 3.5 Acquisitions 1.2 1.2 Acquisitions Acquisitions 0.3 0.3 Net Revisions (1.8 (1.8 ) Net Revisions Net Revisions (0.2 (0.2 ) Conversions (7.3 (7.3 ) Conversions Conversions (1.4 (1.4 )
In 2020, Newmont reported Measured and Indicated gold Mineral Resources of 69.6 million ounces as compared to 74.1 million ounces in the prior year. Inferred gold Mineral Resources totaled 31.6 million ounces as compared to 29.4 million ounces in 2019. The impact from the pandemic required Newmont to prioritize drilling programs in existing operations due to travel restrictions and impacted our ability to progress greenfield resources.
Measured and Indicated Gold Mineral Resources added through exploration programs were 3.4 million ounces and included notable additions before revisions at Yanacocha of 0.5 million equity ounces and 0.3 million ounces at Ahafo South, Porcupine and Eleonore. Additionally, NGM added 0.9 million equity ounces.
Measured and Indicated Gold Mineral Resources reported negative revisions of 1.8 million ounces mainly driven by Porcupine of 2.4 million ounces primarily due to updated study work at the Dome and Pamour West Open Pits partially offset by positive revisions in North and South America.
Inferred Gold Mineral Resources added through exploration programs were 3.5 million ounces and included notable additions at Tanami of 1.4 million ounces, Merian of 0.5 million equity ounces, Cerro Negro of 0.5 million ounces and Ahafo South of 0.4 million ounces. Inferred Gold Mineral Resources had negative net revisions of 0.2 million ounces.
The formation of the MARA project at Agua Rica increased Measured and Indicated gold Mineral Resources by 1.2 million ounces and Inferred Gold Resources by 0.4 million ounces.
Newmont's Measured and Indicated gold Mineral Resource grade decreased to 0.65 grams per tonne compared to 0.70 grams per tonne in the prior year largely from higher grade being converted to reserves. Inferred gold Mineral Resource grade of 0.65 grams per tonne increased compared with 0.63 grams per tonne from 2019.
OTHER METALS
Newmont's base metal reserves were largely stable from 2019. Copper reserves increased slightly to 6.9 million tonnes from 6.8 million tonnes in 2019. Copper resources increased to 8.0 million tonnes of Measured & Indicated and 3.9 million tonnes of Inferred from 6.8 million tonnes of Measured and Indicated and 3.5 million tonnes of Inferred due to additions at Newmont's Nueva Union joint venture and the formation of the Agua Rica joint venture.
Silver reserves decreased from 652 million ounces to 613 million ounces, largely due to depletion and the temporary suspension of exploration activities at Penasquito from COVID-19 restrictions. Measured and Indicated silver resources were 482 million ounces and Inferred were 204 million ounces with revisions at Penasquito, offsetting additions from Nueva Union and the MARA project at Agua Rica.
Lead reserves decreased to 1.3 million tonnes from 1.5 million, zinc reserves also decreased to 3.1 million tonnes from 3.4 million tonnes. In both cases the reduction was primarily due to depletion and the suspension of exploration activities at Penasquito from COVID-19 restrictions. Measured & Indicated zinc resources decreased to 1.7 million tonnes from 1.9 million tonnes and Inferred zinc resources decreased to 0.8 million tonnes from 1.0 million tonnes. Measured & Indicated lead resources remained consistent at 0.8 million tonnes and Inferred lead resources decreased to 0.4 million tonnes from 0.5 million tonnes.
EXPLORATION OUTLOOK
Newmont's total exploration expenditure is expected to be approximately $215 million in 2021 with 80 percent of total exploration investment dedicated to near-mine expansion programs and the remaining 20 percent allocated to the advancement of greenfield projects and innovation programs.
Additionally, Newmont's share of exploration investment for its non-managed joint ventures will total approximately $35 million.
Geographically, the Company expects to invest approximately 28 percent in North America, 25 percent in South America, 20 percent in Australia and the remainder in Africa and other locations.
GOLD RESERVE SENSITIVITY
A $100 increase in gold price would result in an approximate four percent increase in gold reserves while a $100 decrease in gold price would result in an approximate seven percent decrease in gold reserves. These sensitivities assume an oil price of $50 per barrel (WTI), Australian dollar exchange rate of $0.75 and Canadian dollar exchange rate of $0.77.
For additional details on Newmont's reported Gold, Copper, Silver, Zinc, Lead and Molybdenum Mineral Reserves and Mineral Resources, please refer to the tables at the end of this release.
KEY RESERVE AND RESOURCE ASSUMPTIONS:
Years Ended December 31, Years Ended December 31,
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2020 2020 2019
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Gold Reserves (US$/oz.) $1,200 $1,200 $1,200
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Gold Resources (US$/oz.) $1,400 $1,400 $1,400
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Copper Reserves (US$/lb.) $2.75 $2.75 $2.75
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Copper Resources (US$/lb.) $3.25 $3.25 $3.25
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Silver Reserves (US$/oz.) $17.00 $17.00 $16.00
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Silver Resources (US$/oz.) $20.00 $20.00 $20.00
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Zinc Reserves (US$/lb.) $1.15 $1.15 $1.20
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Zinc Resources (US$/lb.) $1.40 $1.40 $1.45
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Lead Reserves (US$/lb.) $0.90 $0.90 $0.95
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Lead Resources (US$/lb.) $1.10 $1.10 $1.15
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Australian Dollar (A$:US$) $0.75 $0.75 $0.75
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Canadian Dollar (C$:US$) $0.77 $0.77 $0.77
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Mexican Peso (M$:US$) $19.50 $19.50 $19.50
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West Texas Intermediate (US$/bbl.) $50 $50 $60
---------------------------------- ------------------------ -------- -------------------- --------(1) Newmont's reported 2019 gold Mineral Reserves of 100.2 million ounces, gold Measured and Indicated Mineral Resources of 76.7 million ounces, and gold Inferred Mineral Resources of 31.3 million ounces were adjusted for the sale of Red Lake and the Company's 50 percent interest in Kalgoorlie Consolidated Gold Mines (KCGM), which occurred during first quarter of 2020. Combined, these sites represented approximately 4.5 million ounces of gold Mineral Reserves and 2.6 million ounces of Measured and Indicated Mineral Resources (resources), bringing Newmont's adjusted 2019 gold Mineral Reserves to 95.7 million ounces and gold Measured and Indicated Mineral Resources to 74.1 million ounces. Newmont's adjusted 2019 Inferred gold Mineral Resources were 29.4 million ounces, after removal of 1.9 million ounces for the sale of Red Lake and KCGM. Newmont's reported 2019 gold Mineral Reserves of 100.2 million ounces, gold Measured and Indicated Mineral Resources of 76.7 million ounces, and gold Inferred Mineral Resources of 31.3 million ounces were adjusted for the sale of Red Lake and the Company's 50 percent interest in Kalgoorlie Consolidated Gold Mines (KCGM), which occurred during first quarter of 2020. Combined, these sites represented approximately 4.5 million ounces of gold Mineral Reserves and 2.6 million ounces of Measured and Indicated Mineral Resources (resources), bringing Newmont's adjusted 2019 gold Mineral Reserves to 95.7 million ounces and gold Measured and Indicated Mineral Resources to 74.1 million ounces. Newmont's adjusted 2019 Inferred gold Mineral Resources were 29.4 million ounces, after removal of 1.9 million ounces for the sale of Red Lake and KCGM.
(2) Gold Equivalent Ounces calculated using Mineral Reserve pricing as shown in the Key Reserves and Resource Assumptions table above and metallurgical recoveries for each metal on a site by site basis.
(3) 2019 Gold Reserves are adjusted for divestiture of Red Lake and KCGM. 2019 Gold Reserves are adjusted for divestiture of Red Lake and KCGM.
(4) 2019 Measured & Indicated Gold Resource and 2019 Inferred Gold Resource adjusted for divestiture of Red Lake and KCGM. 2019 Measured & Indicated Gold Resource and 2019 Inferred Gold Resource adjusted for divestiture of Red Lake and KCGM.RESERVE AND RESOURCE TABLES
Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determine economic feasibility. Newmont's metal price assumptions follow SEC guidance not to exceed a three year trailing average. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables included in this release list the average metallurgical recovery rate for each deposit, which takes into account the assumed processing methods. The cut-off grade, or lowest grade of material considered economic to process, varies with material type, price, metallurgical recoveries, operating costs and co- or by-product credits. The Proven and Probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold, silver, copper, lead, zinc and molybdenum will be realized. Ounces of gold and silver or tonnes of copper, zinc, lead, or molybdenum included in the Proven and Probable reserves are those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold, silver, copper, zinc, lead, or molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could render certain Proven and Probable reserves containing relatively lower grades of mineralization uneconomic to exploit and might result in a reduction of reserves.
The Measured, Indicated, and Inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A "Mineral Resource" is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade, or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. Ounces of gold and silver or tonnes of copper, zinc, lead, and molybdenum included in the Measured, Indicated and Inferred resources are those contained prior to losses during metallurgical treatment. Market fluctuations in the price of gold, silver, copper, zinc, lead and molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources. Please refer to the reserves and resources cautionary statement at the end of the release.
We publish reserves annually, and will recalculate reserves at December 31, 2021, taking into account metal prices, changes, if any, to future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2021. Reserve disclosures as at December 31, 2021 will be presented in the Annual Report on Form 10-K, expected to be filed in February 2022, in accordance with the new Regulation S-K 1300 requirements of the SEC; whereas reserve disclosures as at December 31, 2020, presented herein, have been prepared in accordance with the SEC's Industry Guide 7.
Attributable Proven, Probable and Combined Gold Reserves (1), Metric Units
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December 31, 2020 December 31, 2019
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Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
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Newmont Tonnage (2) Grade Gold (3) Tonnage (2) Grade Gold (3) Tonnage (2) Grade Gold (3) Metallurgical Tonnage (2) Grade Gold (3)
Deposits/Districts Share Share (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) Recovery (x1000 tonnes) (g/tonne) (x1000 ozs)
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North America
100 100 % 85,300 85,300 0.50 0.50 1,370 1,370 19,900 19,900 0.38 0.38 240 240 105,200 105,200 0.48 0.48 1,610 1,610 62 62 % 118,500 118,500 0.50 0.50 1,910 1,910
CC&V Open Pits (4)
100 100 % -- -- -- -- 33,000 33,000 0.82 0.82 880 880 33,000 33,000 0.82 0.82 880 880 57 57 % 31,600 31,600 0.88 0.88 890 890
CC&V Leach Pads (5)
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85,300 85,300 0.50 0.50 1,370 1,370 52,900 52,900 0.66 0.66 1,120 1,120 138,200 138,200 0.56 0.56 2,490 2,490 61 61 % 150,100 150,100 0.58 0.58 2,800 2,800
Total CC&V, Colorado
100 100 % -- -- -- -- -- -- -- -- -- -- -- -- -- -- % 4,600 4,600 8.68 8.68 1,300 1,300
Red Lake, Canada (6)
100 100 % 1,900 1,900 6.24 6.24 380 380 7,000 7,000 6.25 6.25 1,410 1,410 8,900 8,900 6.25 6.25 1,790 1,790 95 95 % 9,900 9,900 6.52 6.52 2,090 2,090
Musselwhite, Canada (7)
100 100 % 2,200 2,200 7.86 7.86 550 550 2,800 2,800 6.14 6.14 550 550 5,000 5,000 6.90 6.90 1,100 1,100 91 91 % 4,900 4,900 7.33 7.33 1,150 1,150
Porcupine Underground (8)
100 100 % 8,200 8,200 1.53 1.53 410 410 34,100 34,100 1.40 1.40 1,540 1,540 42,300 42,300 1.43 1.43 1,950 1,950 94 94 % 44,600 44,600 1.16 1.16 1,670 1,670
Porcupine Open Pit (9)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
10,400 10,400 2.87 2.87 960 960 36,900 36,900 1.76 1.76 2,090 2,090 47,300 47,300 2.01 2.01 3,050 3,050 93 93 % 49,500 49,500 1.77 1.77 2,820 2,820
Total Porcupine, Canada
100 100 % 1,400 1,400 5.75 5.75 260 260 6,400 6,400 4.84 4.84 1,000 1,000 7,800 7,800 5.00 5.00 1,260 1,260 93 93 % 7,400 7,400 5.31 5.31 1,280 1,280
Eleonore, Canada (10)
100 100 % 100,100 100,100 0.64 0.64 2,060 2,060 248,100 248,100 0.58 0.58 4,620 4,620 348,200 348,200 0.60 0.60 6,680 6,680 71 71 % 409,700 409,700 0.60 0.60 7,860 7,860
Penasquito Open Pit
100 100 % 11,800 11,800 0.65 0.65 250 250 27,800 27,800 0.19 0.19 170 170 39,600 39,600 0.33 0.33 420 420 53 53 % 31,800 31,800 0.22 0.22 220 220
Penasquito Stockpiles
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111,900 111,900 0.64 0.64 2,310 2,310 275,900 275,900 0.54 0.54 4,790 4,790 387,800 387,800 0.57 0.57 7,100 7,100 70 70 % 441,500 441,500 0.57 0.57 8,080 8,080
Total Penasquito, Mexico (11)
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TOTAL NORTH AMERICA 210,900 210,900 0.78 0.78 5,280 5,280 379,100 379,100 0.85 0.85 10,410 10,410 590,000 590,000 0.83 0.83 15,690 15,690 78 78 % 663,000 663,000 0.86 0.86 18,370 18,370
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South America
51.35 51.35 % 5,800 5,800 0.64 0.64 120 120 89,300 89,300 0.66 0.66 1,900 1,900 95,100 95,100 0.66 0.66 2,020 2,020 60 60 % 107,700 107,700 0.65 0.65 2,260 2,260
Yanacocha Open Pits (12)
51.35 51.35 % -- -- -- -- 7,000 7,000 6.20 6.20 1,390 1,390 7,000 7,000 6.20 6.20 1,390 1,390 97 97 % 6,000 6,000 6.88 6.88 1,310 1,310
Yanacocha Underground (13)
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5,800 5,800 0.64 0.64 120 120 96,300 96,300 1.06 1.06 3,290 3,290 102,100 102,100 1.04 1.04 3,410 3,410 75 75 % 113,700 113,700 0.98 0.98 3,570 3,570
Total Yanacocha, Peru
75 75 % 50,100 50,100 1.30 1.30 2,100 2,100 57,400 57,400 1.01 1.01 1,870 1,870 107,500 107,500 1.15 1.15 3,970 3,970 93 93 % 87,700 87,700 1.23 1.23 3,480 3,480
Merian, Suriname (14)
100 100 % 2,400 2,400 8.35 8.35 630 630 6,600 6,600 9.10 9.10 1,940 1,940 9,000 9,000 8.90 8.90 2,570 2,570 91 91 % 8,400 8,400 9.70 9.70 2,600 2,600
Cerro Negro, Argentina (15)
40 40 % 9,500 9,500 2.41 2.41 730 730 10,100 10,100 2.27 2.27 740 740 19,600 19,600 2.34 2.34 1,470 1,470 91 91 % 12,300 12,300 2.70 2.70 1,070 1,070
Pueblo Viejo Open Pits
40 40 % -- -- -- -- 35,800 35,800 2.30 2.30 2,640 2,640 35,800 35,800 2.30 2.30 2,640 2,640 89 89 % 35,300 35,300 2.41 2.41 2,740 2,740
Pueblo Viejo Stockpiles (16)
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9,500 9,500 2.41 2.41 730 730 45,900 45,900 2.29 2.29 3,380 3,380 55,400 55,400 2.31 2.31 4,110 4,110 90 90 % 47,600 47,600 2.49 2.49 3,810 3,810
Total Pueblo Viejo, Dominican Republic(17)
50 50 % -- -- -- -- 341,100 341,100 0.47 0.47 5,110 5,110 341,100 341,100 0.47 0.47 5,110 5,110 66 66 % 341,100 341,100 0.47 0.47 5,150 5,150
NuevaUnion, Chile (18)
50 50 % -- -- -- -- 598,800 598,800 0.60 0.60 11,620 11,620 598,800 598,800 0.60 0.60 11,620 11,620 74 74 % 598,800 598,800 0.60 0.60 11,620 11,620
Norte Abierto, Chile (19)
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TOTAL SOUTH AMERICA 67,800 67,800 1.65 1.65 3,580 3,580 1,146,100 1,146,100 0.74 0.74 27,210 27,210 1,213,900 1,213,900 0.79 0.79 30,790 30,790 79 79 % 1,197,300 1,197,300 0.79 0.79 30,230 30,230
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Australia
100 100 % 247,100 247,100 0.68 0.68 5,430 5,430 287,600 287,600 0.66 0.66 6,060 6,060 534,700 534,700 0.67 0.67 11,490 11,490 85 85 % 481,000 481,000 0.69 0.69 10,720 10,720
Boddington Open Pit (20)
100 100 % 1,600 1,600 0.79 0.79 40 40 84,800 84,800 0.43 0.43 1,160 1,160 86,400 86,400 0.43 0.43 1,200 1,200 78 78 % 85,300 85,300 0.44 0.44 1,210 1,210
Boddington Stockpiles (16)
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248,700 248,700 0.69 0.69 5,470 5,470 372,400 372,400 0.60 0.60 7,220 7,220 621,100 621,100 0.64 0.64 12,690 12,690 85 85 % 566,300 566,300 0.65 0.65 11,930 11,930
Total Boddington, Western Australia
100 100 % 14,600 14,600 4.89 4.89 2,290 2,290 21,600 21,600 5.15 5.15 3,580 3,580 36,200 36,200 5.05 5.05 5,870 5,870 98 98 % 33,200 33,200 5.31 5.31 5,680 5,680
Tanami, Northern Territory (21)
50 50 % -- -- -- -- -- -- -- -- -- -- -- -- -- -- % 24,100 24,100 2.02 2.02 1,560 1,560
Kalgoorlie Open Pit and Underground
50 50 % -- -- -- -- -- -- -- -- -- -- -- -- -- -- % 65,000 65,000 0.76 0.76 1,580 1,580
Kalgoorlie Stockpiles
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-- -- -- -- -- -- -- -- -- -- -- -- -- -- % 89,100 89,100 1.10 1.10 3,140 3,140
Total Kalgoorlie, Western Australia (22)
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TOTAL AUSTRALIA 263,300 263,300 0.92 0.92 7,760 7,760 394,000 394,000 0.85 0.85 10,800 10,800 657,300 657,300 0.88 0.88 18,560 18,560 89 89 % 688,600 688,600 0.94 0.94 20,750 20,750
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Africa
100 100 % 11,900 11,900 2.41 2.41 910 910 38,100 38,100 1.75 1.75 2,140 2,140 50,000 50,000 1.90 1.90 3,050 3,050 90 90 % 57,200 57,200 1.90 1.90 3,490 3,490
Ahafo South Open Pits (23)
100 100 % 7,500 7,500 3.91 3.91 950 950 9,600 9,600 3.23 3.23 990 990 17,100 17,100 3.53 3.53 1,940 1,940 94 94 % 14,500 14,500 3.29 3.29 1,540 1,540
Ahafo South Underground (24)
100 100 % 36,200 36,200 0.92 0.92 1,070 1,070 -- -- -- -- 36,200 36,200 0.92 0.92 1,070 1,070 88 88 % 38,300 38,300 0.92 0.92 1,140 1,140
Ahafo South Stockpiles (16)
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55,600 55,600 1.64 1.64 2,930 2,930 47,700 47,700 2.04 2.04 3,130 3,130 103,300 103,300 1.82 1.82 6,060 6,060 91 91 % 110,000 110,000 1.74 1.74 6,170 6,170
Total Ahafo South, Ghana
100 100 % -- -- -- -- 45,100 45,100 2.40 2.40 3,480 3,480 45,100 45,100 2.40 2.40 3,480 3,480 91 91 % 45,100 45,100 2.40 2.40 3,470 3,470
Ahafo North, Ghana (25)
100 100 % 17,100 17,100 1.67 1.67 920 920 17,100 17,100 1.73 1.73 950 950 34,200 34,200 1.70 1.70 1,870 1,870 91 91 % 38,900 38,900 1.70 1.70 2,120 2,120
Akyem Open Pit (26)
100 100 % 15,100 15,100 0.82 0.82 400 400 -- -- -- -- 15,100 15,100 0.82 0.82 400 400 90 90 % 16,400 16,400 0.88 0.88 460 460
Akyem Stockpiles (16)
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32,200 32,200 1.27 1.27 1,320 1,320 17,100 17,100 1.73 1.73 950 950 49,300 49,300 1.43 1.43 2,270 2,270 90 90 % 55,300 55,300 1.46 1.46 2,580 2,580
Total Akyem, Ghana
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TOTAL AFRICA 87,800 87,800 1.51 1.51 4,250 4,250 109,900 109,900 2.14 2.14 7,560 7,560 197,700 197,700 1.86 1.86 11,810 11,810 91 91 % 210,400 210,400 1.81 1.81 12,220 12,220
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Nevada
38.5 38.5 % 10,500 10,500 1.68 1.68 570 570 123,800 123,800 1.22 1.22 4,870 4,870 134,300 134,300 1.26 1.26 5,440 5,440 70 70 % 151,700 151,700 1.22 1.22 5,940 5,940
NGM Open Pits
38.5 38.5 % 33,300 33,300 2.36 2.36 2,530 2,530 -- -- -- -- 33,300 33,300 2.36 2.36 2,530 2,530 71 71 % 37,100 37,100 2.38 2.38 2,830 2,830
NGM Stockpiles (16)
38.5 38.5 % 15,200 15,200 10.07 10.07 4,930 4,930 14,500 14,500 9.61 9.61 4,490 4,490 29,700 29,700 9.85 9.85 9,420 9,420 88 88 % 30,300 30,300 10.14 10.14 9,830 9,830
NGM Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
59,000 59,000 4.23 4.23 8,030 8,030 138,300 138,300 2.11 2.11 9,360 9,360 197,300 197,300 2.74 2.74 17,390 17,390 80 80 % 219,100 219,100 2.64 2.64 18,600 18,600
Total NGM (27)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NEVADA 59,000 59,000 4.23 4.23 8,030 8,030 138,300 138,300 2.11 2.11 9,360 9,360 197,300 197,300 2.74 2.74 17,390 17,390 80 80 % 219,100 219,100 2.64 2.64 18,600 18,600
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) See cautionary statement regarding reserves and resources on page 15 hereof. 2020 and 2019 reserves were estimated at a gold price of $1,200 per ounce unless otherwise noted. See cautionary statement regarding reserves and resources on page 15 hereof. 2020 and 2019 reserves were estimated at a gold price of $1,200 per ounce unless otherwise noted. (2) Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest 100,000. Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest 100,000. (3) Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Ounces may not recalculate as they are rounded to the nearest 10,000. Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Ounces may not recalculate as they are rounded to the nearest 10,000. (4) Cut-off grades utilized in 2020 reserves were as follows: oxide mill material not less than 0.89 gram per tonne and leach material not less than 0.16 gram per tonne. Cut-off grades utilized in 2020 reserves were as follows: oxide mill material not less than 0.89 gram per tonne and leach material not less than 0.16 gram per tonne. (5) Leach pad material is the material on leach pads at the end of the year from which gold remains to be recovered. In-process reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves. Leach pad material is the material on leach pads at the end of the year from which gold remains to be recovered. In-process reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves. (6) Red Lake was sold during 2020 and classified as held for sale as of December 31, 2019. Red Lake was sold during 2020 and classified as held for sale as of December 31, 2019. (7) Cut-off grade utilized in 2020 reserves not less than 3.45 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 3.45 gram per tonne. (8) Cut-off grade utilized in 2020 reserves not less than 2.50 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 2.50 gram per tonne. (9) Cut-off grade utilized in 2020 reserves not less than 0.44 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 0.44 gram per tonne. (10) Cut-off grade utilized in 2020 reserves not less than 4.50 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 4.50 gram per tonne. (11) Gold cut-off grade varies with level of silver, lead and zinc credits. Gold cut-off grade varies with level of silver, lead and zinc credits. (12) Gold cut-off grades utilized in 2020 reserves were as follows: oxide leach material not less than 0.13 gram per tonne; oxide mill material not less than 0.49 gram per tonne; and refractory mill material not less than 1.49 gram per tonne. Gold cut-off grades utilized in 2020 reserves were as follows: oxide leach material not less than 0.13 gram per tonne; oxide mill material not less than 0.49 gram per tonne; and refractory mill material not less than 1.49 gram per tonne. (13) Gold cut-off grades utilized in 2020 reserves not less than 2.10 gram per tonne. Gold cut-off grades utilized in 2020 reserves not less than 2.10 gram per tonne. (14) Cut-off grade utilized in 2020 reserves not less than 0.31 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 0.31 gram per tonne. (15) Cut-off grade utilized in 2020 reserves not less than 5.85 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 5.85 gram per tonne. (16) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves. Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves. (17) Reserve estimates provided by Barrick, the operator of Pueblo Viejo. Reserve estimates provided by Barrick, the operator of Pueblo Viejo. (18) Project is currently undeveloped. Reserve estimates provided by the NuevaUnion joint venture. Project is currently undeveloped. Reserve estimates provided by the NuevaUnion joint venture. (19) Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture (20) Gold cut-off grade varies with level of copper credits. Gold cut-off grade varies with level of copper credits. (21) Cut-off grade utilized in 2020 reserves not less than 1.70 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 1.70 gram per tonne. (22) Kalgoorlie was sold during 2020 and classified as held for sale as of December 31, 2019. Kalgoorlie was sold during 2020 and classified as held for sale as of December 31, 2019. (23) Cut-off grade utilized in 2020 reserves not less than 0.67 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 0.67 gram per tonne. (24) Cut-off grade utilized in 2020 reserves not less than 3.10 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 3.10 gram per tonne. (25) Includes undeveloped reserves in the Ahafo trend totaling 3.4 million ounces. Cut-off grade utilized in 2020 reserves not less than 0.50 gram per tonne. Includes undeveloped reserves in the Ahafo trend totaling 3.4 million ounces. Cut-off grade utilized in 2020 reserves not less than 0.50 gram per tonne. (26) Cut-off grade utilized in 2020 reserves not less than 0.57 gram per tonne. Cut-off grade utilized in 2020 reserves not less than 0.57 gram per tonne. (27) Reserve estimates provided by Barrick, the operator of the NGM joint venture. Reserve estimates provided by Barrick, the operator of the NGM joint venture.
Attributable Gold Mineral Resources (1)(2) - December 31, 2020, Metric Units
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Measured Resource Indicated Resource Measured and Indicated Inferred Resource
Resource (3)
---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------
Newmont Newmont Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold
Deposits/Districts Share Share (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs)
-------------------------------------------- -------------------- ------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
North America
100 100 % 103,200 103,200 0.42 0.42 1,400 1,400 57,800 57,800 0.38 0.38 710 710 161,000 161,000 0.41 0.41 2,110 2,110 20,000 20,000 0.35 0.35 220 220
CC&V, Colorado
100 100 % 900 900 4.00 4.00 110 110 1,900 1,900 3.72 3.72 230 230 2,800 2,800 3.81 3.81 340 340 2,700 2,700 4.65 4.65 410 410
Musselwhite, Canada
100 100 % 100 100 5.41 5.41 20 20 500 500 6.68 6.68 110 110 600 600 6.42 6.42 130 130 1,900 1,900 4.20 4.20 260 260
Porcupine Underground
100 100 % 1,400 1,400 0.72 0.72 30 30 83,300 83,300 1.40 1.40 3,750 3,750 84,700 84,700 1.39 1.39 3,780 3,780 77,100 77,100 1.24 1.24 3,070 3,070
Porcupine Open Pit
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
1,500 1,500 1.04 1.04 50 50 83,800 83,800 1.43 1.43 3,860 3,860 85,300 85,300 1.43 1.43 3,910 3,910 79,000 79,000 1.31 1.31 3,330 3,330
Total Porcupine, Canada
100 100 % 300 300 5.13 5.13 50 50 2,700 2,700 4.44 4.44 390 390 3,000 3,000 4.51 4.51 440 440 2,500 2,500 5.65 5.65 460 460
Eleonore, Canada
100 100 % 34,900 34,900 0.28 0.28 310 310 241,900 241,900 0.27 0.27 2,110 2,110 276,800 276,800 0.27 0.27 2,420 2,420 150,900 150,900 0.40 0.40 1,910 1,910
Penasquito, Mexico
50 50 % -- -- -- -- 27,500 27,500 0.37 0.37 330 330 27,500 27,500 0.37 0.37 330 330 2,500 2,500 0.22 0.22 20 20
Noche Buena, Mexico
100 100 % 1,000 1,000 2.01 2.01 60 60 54,500 54,500 1.19 1.19 2,080 2,080 55,500 55,500 1.20 1.20 2,140 2,140 6,800 6,800 1.07 1.07 230 230
Coffee, Canada
50 50 % 128,400 128,400 0.36 0.36 1,510 1,510 423,400 423,400 0.23 0.23 3,120 3,120 551,800 551,800 0.26 0.26 4,630 4,630 99,100 99,100 0.21 0.21 670 670
Galore Creek, Canada (4)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NORTH AMERICA 270,200 270,200 0.40 0.40 3,490 3,490 893,500 893,500 0.45 0.45 12,830 12,830 1,163,700 1,163,700 0.44 0.44 16,320 16,320 363,500 363,500 0.62 0.62 7,250 7,250
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
South America
51.35 51.35 % -- -- -- -- 356,300 356,300 0.65 0.65 7,490 7,490 356,300 356,300 0.65 0.65 7,490 7,490 118,400 118,400 0.39 0.39 1,480 1,480
Conga, Peru
51.35 51.35 % 4,400 4,400 0.45 0.45 70 70 66,600 66,600 0.43 0.43 930 930 71,000 71,000 0.44 0.44 1,000 1,000 98,700 98,700 0.81 0.81 2,560 2,560
Yanacocha Open Pit
51.35 51.35 % -- -- 6.29 6.29 10 10 1,800 1,800 6.28 6.28 370 370 1,800 1,800 6.28 6.28 380 380 1,900 1,900 4.93 4.93 300 300
Yanacocha Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
4,400 4,400 0.57 0.57 80 80 68,400 68,400 0.59 0.59 1,300 1,300 72,800 72,800 0.59 0.59 1,380 1,380 100,600 100,600 0.88 0.88 2,860 2,860
Total Yanacocha, Peru
75 75 % 7,300 7,300 0.92 0.92 220 220 38,400 38,400 1.07 1.07 1,320 1,320 45,700 45,700 1.05 1.05 1,540 1,540 32,600 32,600 0.86 0.86 900 900
Merian, Suriname
100 100 % 100 100 4.68 4.68 10 10 7,000 7,000 7.15 7.15 1,600 1,600 7,100 7,100 7.11 7.11 1,610 1,610 2,600 2,600 7.62 7.62 630 630
Cerro Negro Underground
100 100 % 900 900 4.40 4.40 130 130 1,000 1,000 4.09 4.09 130 130 1,900 1,900 4.24 4.24 260 260 100 100 3.49 3.49 10 10
Cerro Negro Open Pit
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
100 100 % 1,000 1,000 4.43 4.43 140 140 8,000 8,000 6.77 6.77 1,730 1,730 9,000 9,000 6.51 6.51 1,870 1,870 2,700 2,700 7.52 7.52 640 640
Total Cerro Negro, Argentina
40 40 % 34,800 34,800 2.02 2.02 2,260 2,260 56,700 56,700 1.88 1.88 3,430 3,430 91,500 91,500 1.93 1.93 5,690 5,690 27,500 27,500 1.79 1.79 1,580 1,580
Pueblo Viejo, Dominican Republic (5)
50 50 % 4,800 4,800 0.47 0.47 70 70 118,300 118,300 0.59 0.59 2,260 2,260 123,100 123,100 0.59 0.59 2,330 2,330 239,800 239,800 0.40 0.40 3,050 3,050
NuevaUnion, Chile (6)
50 50 % 77,300 77,300 0.61 0.61 1,500 1,500 596,900 596,900 0.49 0.49 9,310 9,310 674,200 674,200 0.50 0.50 10,810 10,810 369,600 369,600 0.37 0.37 4,370 4,370
Norte Abierto, Chile (7)
18.75 18.75 % 141,900 141,900 0.25 0.25 1,150 1,150 137,400 137,400 0.15 0.15 650 650 279,300 279,300 0.20 0.20 1,800 1,800 139,900 139,900 0.09 0.09 410 410
Aqua Rica, Argentina (8)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL SOUTH AMERICA 271,500 271,500 0.62 0.62 5,420 5,420 1,380,400 1,380,400 0.62 0.62 27,490 27,490 1,651,900 1,651,900 0.62 0.62 32,910 32,910 1,031,100 1,031,100 0.46 0.46 15,290 15,290
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Australia
100 100 % 62,500 62,500 0.51 0.51 1,030 1,030 149,300 149,300 0.51 0.51 2,460 2,460 211,800 211,800 0.51 0.51 3,490 3,490 3,900 3,900 0.45 0.45 60 60
Boddington, Western Australia
100 100 % 3,600 3,600 1.85 1.85 210 210 14,200 14,200 1.75 1.75 800 800 17,800 17,800 1.77 1.77 1,010 1,010 7,600 7,600 2.07 2.07 510 510
Tanami Open Pit
100 100 % 300 300 2.71 2.71 30 30 3,000 3,000 4.63 4.63 450 450 3,300 3,300 4.46 4.46 480 480 12,000 12,000 5.71 5.71 2,200 2,200
Tanami Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
100 100 % 3,900 3,900 1.91 1.91 240 240 17,200 17,200 2.25 2.25 1,250 1,250 21,100 21,100 2.19 2.19 1,490 1,490 19,600 19,600 4.29 4.29 2,710 2,710
Total Tanami, Northern Territory
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL AUSTRALIA 66,400 66,400 0.60 0.60 1,270 1,270 166,500 166,500 0.69 0.69 3,710 3,710 232,900 232,900 0.67 0.67 4,980 4,980 23,500 23,500 3.65 3.65 2,770 2,770
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Africa
100 100 % 500 500 0.63 0.63 10 10 24,800 24,800 1.15 1.15 920 920 25,300 25,300 1.14 1.14 930 930 12,300 12,300 1.36 1.36 540 540
Ahafo South
100 100 % -- -- -- -- 15,900 15,900 3.96 3.96 2,020 2,020 15,900 15,900 3.96 3.96 2,020 2,020 6,400 6,400 3.30 3.30 680 680
Ahafo Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
500 500 0.63 0.63 10 10 40,700 40,700 2.25 2.25 2,940 2,940 41,200 41,200 2.23 2.23 2,950 2,950 18,700 18,700 2.03 2.03 1,220 1,220
Total Ahafo South, Ghana
100 100 % 2,000 2,000 1.24 1.24 80 80 8,300 8,300 1.99 1.99 530 530 10,300 10,300 1.84 1.84 610 610 7,100 7,100 1.78 1.78 410 410
Ahafo North Open Pits, Ghana
100 100 % 900 900 0.54 0.54 20 20 1,400 1,400 0.54 0.54 30 30 2,300 2,300 0.54 0.54 50 50 2,600 2,600 1.20 1.20 100 100
Akyem Open Pits
100 100 % -- -- -- -- 5,300 5,300 3.85 3.85 650 650 5,300 5,300 3.85 3.85 650 650 3,700 3,700 3.31 3.31 390 390
Akyem Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
900 900 0.54 0.54 20 20 6,700 6,700 3.16 3.16 680 680 7,600 7,600 2.86 2.86 700 700 6,300 6,300 2.42 2.42 490 490
Total Akyem, Ghana
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL AFRICA 3,400 3,400 0.96 0.96 110 110 55,700 55,700 2.32 2.32 4,150 4,150 59,100 59,100 2.24 2.24 4,260 4,260 32,100 32,100 2.05 2.05 2,120 2,120
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Nevada
38.5 38.5 % 17,100 17,100 1.56 1.56 860 860 159,300 159,300 0.98 0.98 5,020 5,020 176,400 176,400 1.04 1.04 5,880 5,880 53,300 53,300 0.78 0.78 1,330 1,330
NGM Open Pits and Stockpiles
38.5 38.5 % 5,900 5,900 7.11 7.11 1,340 1,340 19,100 19,100 6.43 6.43 3,950 3,950 25,000 25,000 6.59 6.59 5,290 5,290 12,600 12,600 6.91 6.91 2,790 2,790
NGM Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
23,000 23,000 2.97 2.97 2,200 2,200 178,400 178,400 1.56 1.56 8,970 8,970 201,400 201,400 1.72 1.72 11,170 11,170 65,900 65,900 1.94 1.94 4,120 4,120
Total NGM (9)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NEVADA 23,000 23,000 2.97 2.97 2,200 2,200 178,400 178,400 1.56 1.56 8,970 8,970 201,400 201,400 1.72 1.72 11,170 11,170 65,900 65,900 1.94 1.94 4,120 4,120
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NEWMONT 634,500 634,500 0.61 0.61 12,490 12,490 2,674,500 2,674,500 0.67 0.67 57,150 57,150 3,309,000 3,309,000 0.65 0.65 69,640 69,640 1,516,100 1,516,100 0.65 0.65 31,550 31,550
==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ====================(1) Resources are reported exclusive of reserves. Resources are reported exclusive of reserves. (2) Resources are estimated at a gold price of $1,400 per ounce for 2020 and 2019. Tonnage amounts have been rounded to the nearest 100,000. Ounces may not recalculate as they have been rounded to the nearest 10,000. Resources are estimated at a gold price of $1,400 per ounce for 2020 and 2019. Tonnage amounts have been rounded to the nearest 100,000. Ounces may not recalculate as they have been rounded to the nearest 10,000. (3) Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's 10-K filing. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's 10-K filing. (4) Project is currently undeveloped. Resource estimates provided by Teck Resources. Project is currently undeveloped. Resource estimates provided by Teck Resources. (5) Resource estimates provided by Barrick, the operator of Pueblo Viejo. Resource estimates provided by Barrick, the operator of Pueblo Viejo. (6) Project is currently undeveloped. Resource estimates provided by the NuevaUnion joint venture. Project is currently undeveloped. Resource estimates provided by the NuevaUnion joint venture. (7) Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture. Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture. (8) Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture. Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture. (9) Resource estimates provided by Barrick, the operator of the NGM joint venture. Resource estimates provided by Barrick, the operator of the NGM joint venture.
Attributable Copper Reserves (1) Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December 31, 2020 December 31, 2019
----------------------------------------------- -------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ---------------------------------------------------------------------------------------------------
Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
--------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
Newmont Tonnage (2) Grade Copper (3) Tonnage (2) Grade Copper (3) Tonnage (2) Grade Copper (3) Metallurgical Tonnage (2) Grade Copper (3)
Deposits/Districts Share (x1000 tonnes) (Cu %) (Tonnes) (x1000 tonnes) (Cu %) (Tonnes) (x1000 tonnes) (Cu %) (Tonnes) Recovery (x1000 tonnes) (Cu %) (Tonnes)
----------------------------------------------- ------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- ------------------- -------------------- ------------------- --------------------
South America
51.35 51.35 % -- -- -- -- 57,700 57,700 0.62 0.62 % 360,000 360,000 57,700 57,700 0.62 0.62 % 360,000 360,000 83 83 % 53,600 53,600 0.63 0.63 % 340,000 340,000
Yanacocha Open Pits and Underground, Peru (4)
50 50 % -- -- -- -- 1,118,000 1,118,000 0.40 0.40 % 4,440,000 4,440,000 1,118,000 1,118,000 0.40 0.40 % 4,440,000 4,440,000 88 88 % 1,118,000 1,118,000 0.40 0.40 % 4,420,000 4,420,000
NuevaUnion, Chile (5)
50 50 % -- -- -- -- 598,800 598,800 0.22 0.22 % 1,310,000 1,310,000 598,800 598,800 0.22 0.22 % 1,310,000 1,310,000 87 87 % 598,800 598,800 0.22 0.22 % 1,310,000 1,310,000
Norte Abierto, Chile (6)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL SOUTH AMERICA -- -- -- -- 1,774,500 1,774,500 0.34 0.34 % 6,110,000 6,110,000 1,774,500 1,774,500 0.34 0.34 % 6,110,000 6,110,000 87 87 % 1,770,400 1,770,400 0.34 0.34 % 6,070,000 6,070,000
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Australia
100 100 % 247,100 247,100 0.10 0.10 % 240,000 240,000 287,600 287,600 0.11 0.11 % 330,000 330,000 534,700 534,700 0.11 0.11 % 570,000 570,000 82 82 % 481,000 481,000 0.10 0.10 % 490,000 490,000
Boddington Open Pit, Western Australia (7)
100 100 % 1,600 1,600 0.10 0.10 % -- -- 84,800 84,800 0.09 0.09 % 70,000 70,000 86,400 86,400 0.09 0.09 % 70,000 70,000 75 75 % 85,300 85,300 0.09 0.09 % 70,000 70,000
Boddington Stockpiles, Western Australia (8)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL AUSTRALIA 248,700 248,700 0.10 0.10 % 240,000 240,000 372,400 372,400 0.11 0.11 % 400,000 400,000 621,100 621,100 0.10 0.10 % 640,000 640,000 81 81 % 566,300 566,300 0.10 0.10 % 560,000 560,000
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Nevada
38.5 38.5 % 14,100 14,100 0.20 0.20 % 30,000 30,000 68,500 68,500 0.17 0.17 % 120,000 120,000 82,600 82,600 0.18 0.18 % 150,000 150,000 64 64 % 97,100 97,100 0.18 0.18 % 170,000 170,000
NGM, Nevada (9)
TOTAL NEVADA 14,100 14,100 0.20 0.20 % 30,000 30,000 68,500 68,500 0.17 0.17 % 120,000 120,000 82,600 82,600 0.18 0.18 % 150,000 150,000 64 64 % 97,100 97,100 0.18 0.18 % 170,000 170,000
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) See footnote (1) to the Gold Reserves table above. Copper reserves for 2020 and 2019 were estimated at a copper price of $2.75 per pound. See footnote (1) to the Gold Reserves table above. Copper reserves for 2020 and 2019 were estimated at a copper price of $2.75 per pound. (2) See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 10,000. See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 10,000. (3) See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. (4) Reserve estimates relate to the undeveloped Yanacocha Sulfide project. Copper cut-off grade varies with level of gold and silver credits. Reserve estimates relate to the undeveloped Yanacocha Sulfide project. Copper cut-off grade varies with level of gold and silver credits. (5) Project is currently undeveloped. Reserve estimates provided by the NuevaUnion joint venture. Project is currently undeveloped. Reserve estimates provided by the NuevaUnion joint venture. (6) Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture. Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture. (7) Copper cut-off grade varies with level of gold credits. Copper cut-off grade varies with level of gold credits. (8) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where pounds exceed 100 million and are greater than 5% of the total site reported reserves. Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where pounds exceed 100 million and are greater than 5% of the total site reported reserves. (9) Reserve estimates provided by Barrick, the operator of the NGM joint venture. Reserve estimates provided by Barrick, the operator of the NGM joint venture.
Attributable Copper Mineral Resources (1)(2) - December 31, 2020, Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Measured Resource Indicated Resource Measured and Indicated Inferred Resource
Resource (3)
--------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
Newmont Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper Tonnage Grade Copper
Deposits/Districts Share (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes) (x1000 tonnes) (Cu%) (tonnes)
------------------------------------ ------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- --------------------
North America
50 50 % 128,400 128,400 0.72 0.72 % 920,000 920,000 423,400 423,400 0.39 0.39 % 1,640,000 1,640,000 551,800 551,800 0.47 0.47 % 2,560,000 2,560,000 99,100 99,100 0.27 0.27 % 260,000 260,000
Galore Creek, Canada (4)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NORTH AMERICA 128,400 128,400 0.72 0.72 % 920,000 920,000 423,400 423,400 0.39 0.39 % 1,640,000 1,640,000 551,800 551,800 0.47 0.47 % 2,560,000 2,560,000 99,100 99,100 0.27 0.27 % 260,000 260,000
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
South America
51.35 51.35 % -- -- -- -- 356,300 356,300 0.26 0.26 % 920,000 920,000 356,300 356,300 0.26 0.26 % 920,000 920,000 118,400 118,400 0.19 0.19 % 220,000 220,000
Conga, Peru
51.35 51.35 % -- -- -- -- 48,600 48,600 0.39 0.39 % 190,000 190,000 48,600 48,600 0.39 0.39 % 190,000 190,000 18,700 18,700 0.39 0.39 % 70,000 70,000
Yanacocha Open Pits and Stockpiles
51.35 51.35 % -- -- -- -- 1,800 1,800 0.09 0.09 % -- -- 1,800 1,800 0.09 0.09 % -- -- 1,900 1,900 0.13 0.13 % -- --
Yanacocha Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
-- -- -- -- 50,400 50,400 0.38 0.38 % 190,000 190,000 50,400 50,400 0.38 0.38 % 190,000 190,000 20,600 20,600 0.36 0.36 % 70,000 70,000
Total Yanacocha, Peru
50 50 % 164,300 164,300 0.19 0.19 % 320,000 320,000 349,900 349,900 0.34 0.34 % 1,200,000 1,200,000 514,200 514,200 0.30 0.30 % 1,520,000 1,520,000 602,200 602,200 0.39 0.39 % 2,340,000 2,340,000
NuevaUnion, Chile (5)
50 50 % 57,600 57,600 0.24 0.24 % 140,000 140,000 551,200 551,200 0.19 0.19 % 1,060,000 1,060,000 608,800 608,800 0.20 0.20 % 1,200,000 1,200,000 361,800 361,800 0.18 0.18 % 650,000 650,000
Norte Abierto, Chile (6)
18.75 18.75 % 141,900 141,900 0.51 0.51 % 720,000 720,000 137,400 137,400 0.36 0.36 % 500,000 500,000 279,300 279,300 0.44 0.44 % 1,220,000 1,220,000 139,900 139,900 0.23 0.23 % 320,000 320,000
Aqua Rica, Argentina (7)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL SOUTH AMERICA 363,800 363,800 0.32 0.32 % 1,180,000 1,180,000 1,445,200 1,445,200 0.27 0.27 % 3,870,000 3,870,000 1,809,000 1,809,000 0.28 0.28 % 5,050,000 5,050,000 1,242,900 1,242,900 0.29 0.29 % 3,600,000 3,600,000
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Australia
100 100 % 62,500 62,500 0.11 0.11 % 70,000 70,000 149,300 149,300 0.12 0.12 % 170,000 170,000 211,800 211,800 0.11 0.11 % 240,000 240,000 3,900 3,900 0.09 0.09 % -- --
Boddington, Western Australia
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL AUSTRALIA 62,500 62,500 0.11 0.11 % 70,000 70,000 149,300 149,300 0.12 0.12 % 170,000 170,000 211,800 211,800 0.11 0.11 % 240,000 240,000 3,900 3,900 0.09 0.09 % -- --
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Nevada
38.5 38.5 % 11,200 11,200 0.16 0.16 % 20,000 20,000 83,200 83,200 0.14 0.14 % 110,000 110,000 94,400 94,400 0.14 0.14 % 130,000 130,000 13,000 13,000 0.15 0.15 % 20,000 20,000
NGM, Nevada (8)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NEVADA 11,200 11,200 0.16 0.16 % 20,000 20,000 83,200 83,200 0.14 0.14 % 110,000 110,000 94,400 94,400 0.14 0.14 % 130,000 130,000 13,000 13,000 0.15 0.15 % 20,000 20,000
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) Resources are reported exclusive of reserves. Resources are reported exclusive of reserves. (2) Resources for 2020 and 2019 were estimated at a copper price of $3.25 per pound. Tonnage amounts have been rounded to the nearest 100,000. Resources for 2020 and 2019 were estimated at a copper price of $3.25 per pound. Tonnage amounts have been rounded to the nearest 100,000. (3) Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. (4) Project is currently undeveloped. Resource estimates provided by Teck Resources. Project is currently undeveloped. Resource estimates provided by Teck Resources. (5) Project is currently undeveloped. Resource estimates provided by the NuevaUnion joint venture. Project is currently undeveloped. Resource estimates provided by the NuevaUnion joint venture. (6) Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture. Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture. (7) Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture. Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture. (8) Resource estimates provided by Barrick, the operator of the NGM joint venture. Resource estimates provided by Barrick, the operator of the NGM joint venture.
Attributable Proven, Probable and Combined Silver Reserves (1) Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December 31, 2020 December 31, 2019
-------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------
Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------
Newmont Tonnage (2) Grade Silver (3) Tonnage (2) Grade Silver (3) Tonnage (2) Grade Silver (3) Metallurgical Tonnage (2) Grade Silver (3)
Deposits/Districts Share (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) Recovery (3) (x1000 tonnes) (g/tonne) (x1000 ozs)
------------------------------------------------ ------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------------------- -------------------- -------------------- --------------------
North America
100 100 % 100,100 100,100 38.74 38.74 124,690 124,690 248,100 248,100 33.63 33.63 268,200 268,200 348,200 348,200 35.10 35.10 392,890 392,890 88 88 % 409,700 409,700 33.58 33.58 442,460 442,460
Penasquito Open Pits, Mexico (4)
100 100 % 11,800 11,800 30.03 30.03 11,400 11,400 27,800 27,800 24.01 24.01 21,460 21,460 39,600 39,600 25.81 25.81 32,860 32,860 82 82 % 31,800 31,800 28.24 28.24 28,900 28,900
Penasquito Stockpiles, Mexico (5)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NORTH AMERICA 111,900 111,900 37.82 37.82 136,090 136,090 275,900 275,900 32.66 32.66 289,660 289,660 387,800 387,800 34.15 34.15 425,750 425,750 88 88 % 441,500 441,500 33.20 33.20 471,360 471,360
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
South America
51.35 51.35 % 2,800 2,800 8.89 8.89 810 810 52,900 52,900 18.29 18.29 31,100 31,100 55,700 55,700 17.82 17.82 31,910 31,910 53 53 % 61,200 61,200 17.84 17.84 35,100 35,100
Yanacocha Open Pits and Underground (6)
51.35 51.35 % 1,400 1,400 36.81 36.81 1,670 1,670 1,300 1,300 35.14 35.14 1,450 1,450 2,700 2,700 36.02 36.02 3,120 3,120 73 73 % 2,600 2,600 40.85 40.85 3,560 3,560
Yanacocha Stockpiles (5)
51.35 51.35 % -- -- -- -- 55,400 55,400 8.18 8.18 14,560 14,560 55,400 55,400 8.18 8.18 14,560 14,560 5 5 % 53,000 53,000 8.19 8.19 13,950 13,950
Yanacocha Leach Pads (7)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
4,200 4,200 18.19 18.19 2,480 2,480 109,600 109,600 13.85 13.85 47,110 47,110 113,800 113,800 13.85 13.85 49,590 49,590 40 40 % 116,800 116,800 14.01 14.01 52,610 52,610
Total Yanacocha, Peru
100 100 % 2,400 2,400 66.89 66.89 5,060 5,060 6,600 6,600 72.12 72.12 15,360 15,360 9,000 9,000 70.75 70.75 20,420 20,420 75 75 % 8,400 8,400 79.51 79.51 21,340 21,340
Cerro Negro, Argentina (8)
40 40 % 9,500 9,500 12.01 12.01 3,660 3,660 45,900 45,900 15.81 15.81 23,330 23,330 55,400 55,400 15.16 15.16 26,990 26,990 77 77 % 47,600 47,600 16.04 16.04 24,570 24,570
Pueblo Viejo, Dominican Republic (9)
50 50 % -- -- -- -- 1,118,000 1,118,000 1.31 1.31 47,170 47,170 1,118,000 1,118,000 1.31 1.31 47,170 47,170 66 66 % 776,900 776,900 1.54 1.54 38,440 38,440
NuevaUnion, Chile (10)
50 50 % -- -- -- -- 598,800 598,800 1.52 1.52 29,340 29,340 598,800 598,800 1.52 1.52 29,340 29,340 74 74 % 598,800 598,800 1.52 1.52 29,340 29,340
Norte Abierto, Chile (11)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL SOUTH AMERICA 16,100 16,100 21.67 21.67 11,200 11,200 1,878,900 1,878,900 2.69 2.69 162,310 162,310 1,895,000 1,895,000 2.85 2.85 173,510 173,510 63 63 % 1,548,500 1,548,500 3.34 3.34 166,300 166,300
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Nevada
38.5 38.5 % 6,000 6,000 7.83 7.83 1,500 1,500 53,800 53,800 6.90 6.90 11,930 11,930 59,800 59,800 6.99 6.99 13,430 13,430 38 38 % 64,600 64,600 7.10 7.10 14,760 14,760
NGM, Nevada (12)
TOTAL NEVADA 6,000 6,000 7.83 7.83 1,500 1,500 53,800 53,800 6.90 6.90 11,930 11,930 59,800 59,800 6.99 6.99 13,430 13,430 38 38 % 64,600 64,600 7.10 7.10 14,760 14,760
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) See footnote (1) to the Gold Reserves table above. Silver reserves for 2020 and 2019 were estimated at a silver price of $17 and $16 per ounce, respectively. See footnote (1) to the Gold Reserves table above. Silver reserves for 2020 and 2019 were estimated at a silver price of $17 and $16 per ounce, respectively. (2) See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. (3) See footnote (3) to the Gold Reserves table above. Ounces may not recalculate as they are rounded to the nearest 10,000. See footnote (3) to the Gold Reserves table above. Ounces may not recalculate as they are rounded to the nearest 10,000. (4) Silver cut-off grade varies with gold, lead and zinc credits. Silver cut-off grade varies with gold, lead and zinc credits. (5) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves. Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves. (6) Silver cut-off grade varies with gold and copper credits. Silver cut-off grade varies with gold and copper credits. (7) Leach Pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process material reserves are reported separately where tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000. Leach Pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process material reserves are reported separately where tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000. (8) Silver cut-off grade varies with gold credits. Silver cut-off grade varies with gold credits. (9) Reserve estimates provided by Barrick, the operator of Pueblo Viejo. Reserve estimates provided by Barrick, the operator of Pueblo Viejo. (10) Project is currently undeveloped. Reserve estimates provided by the NuevaUnion joint venture. Project is currently undeveloped. Reserve estimates provided by the NuevaUnion joint venture. (11) Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture. Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture. (12) Reserve estimates provided by Barrick, the operator of the NGM joint venture. Reserve estimates provided by Barrick, the operator of the NGM joint venture.
Attributable Silver Mineral Resources (1)(2) - December 31, 2020, Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Measured Resource Indicated Resource Measured and Indicated Inferred Resource
Resource (3)
---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------
Newmont Newmont Tonnage Grade Silver Tonnage Grade Silver Tonnage Grade Silver Tonnage Grade Silver
Deposits/Districts Share Share (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs) (x1000 tonnes) (g/tonne) (x1000 ozs)
-------------------------------------- -------------------- ------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
North America
100 100 % 34,900 34,900 26.81 26.81 30,080 30,080 241,900 241,900 26.74 26.74 207,990 207,990 276,800 276,800 26.75 26.75 238,070 238,070 150,900 150,900 26.36 26.36 127,920 127,920
Penasquito, Mexico
50 50 % -- -- -- -- 27,500 27,500 12.35 12.35 10,920 10,920 27,500 27,500 12.35 12.35 10,920 10,920 2,500 2,500 8.08 8.08 640 640
Noche Buena, Mexico
50 50 % 128,400 128,400 5.79 5.79 23,900 23,900 423,400 423,400 3.75 3.75 51,020 51,020 551,800 551,800 4.22 4.22 74,920 74,920 99,100 99,100 2.65 2.65 8,440 8,440
Galore Creek, Canada (4)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NORTH AMERICA 163,300 163,300 10.28 10.28 53,980 53,980 692,800 692,800 12.12 12.12 269,930 269,930 856,100 856,100 11.77 11.77 323,910 323,910 252,500 252,500 16.88 16.88 137,000 137,000
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
South America
51.35 51.35 % -- -- -- -- 356,300 356,300 2.06 2.06 23,580 23,580 356,300 356,300 2.06 2.06 23,580 23,580 89,900 89,900 1.13 1.13 3,250 3,250
Conga, Peru
51.35 51.35 % 4,200 4,200 2.71 2.71 370 370 40,900 40,900 14.13 14.13 18,590 18,590 45,100 45,100 13.07 13.07 18,960 18,960 14,100 14,100 13.86 13.86 6,280 6,280
Yanacocha Open Pits and Stockpiles
51.35 51.35 % -- -- -- -- 1,800 1,800 64.29 64.29 3,760 3,760 1,800 1,800 62.68 62.68 3,760 3,760 1,900 1,900 37.56 37.56 2,260 2,260
Yanacocha Underground
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
4,200 4,200 2.71 2.71 370 370 42,700 42,700 16.28 16.28 22,350 22,350 46,900 46,900 15.07 15.07 22,720 22,720 16,000 16,000 16.60 16.60 8,540 8,540
Total Yanacocha, Peru
100 100 % 100 100 52.14 52.14 150 150 7,000 7,000 35.15 35.15 7,870 7,870 7,100 7,100 35.37 35.37 8,020 8,020 2,600 2,600 65.53 65.53 5,440 5,440
Cerro Negro Underground
100 100 % 900 900 8.53 8.53 240 240 1,000 1,000 7.87 7.87 250 250 1,900 1,900 8.18 8.18 490 490 100 100 11.07 11.07 20 20
Cerro Negro Open Pit
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
1,000 1,000 12.56 12.56 390 390 8,000 8,000 31.80 31.80 8,120 8,120 9,000 9,000 29.70 29.70 8,510 8,510 2,700 2,700 64.21 64.21 5,460 5,460
Total Cerro Negro, Argentina
40 40 % 34,800 34,800 10.24 10.24 11,480 11,480 56,700 56,700 8.84 8.84 16,120 16,120 91,500 91,500 9.38 9.38 27,600 27,600 27,500 27,500 7.77 7.77 6,870 6,870
Pueblo Viejo, Dominican Republic (5)
50 50 % 164,300 164,300 0.96 0.96 5,080 5,080 349,900 349,900 1.19 1.19 13,370 13,370 514,200 514,200 1.12 1.12 18,450 18,450 602,200 602,200 1.16 1.16 22,530 22,530
NuevaUnion, Chile (6)
50 50 % 77,300 77,300 1.20 1.20 2,990 2,990 596,900 596,900 1.07 1.07 20,560 20,560 674,200 674,200 1.09 1.09 23,550 23,550 369,600 369,600 0.95 0.95 11,330 11,330
Norte Abierto, Chile (7)
18.75 18.75 % 120,200 120,200 2.90 2.90 11,190 11,190 135,700 135,700 2.41 2.41 10,520 10,520 255,900 255,900 2.64 2.64 21,710 21,710 139,300 139,300 1.62 1.62 7,260 7,260
Aqua Rica, Argentina (8)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL SOUTH AMERICA 401,800 401,800 2.44 2.44 31,500 31,500 1,546,200 1,546,200 2.31 2.31 114,620 114,620 1,948,000 1,948,000 2.33 2.33 146,120 146,120 1,247,200 1,247,200 1.63 1.63 65,240 65,240
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Nevada
38.5 38.5 % 4,300 4,300 5.88 5.88 810 810 60,500 60,500 5.73 5.73 11,130 11,130 64,800 64,800 5.74 5.74 11,940 11,940 8,700 8,700 5.91 5.91 1,650 1,650
NGM, Nevada (9)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
TOTAL NEVADA 4,300 4,300 5.88 5.88 810 810 60,500 60,500 5.73 5.73 11,130 11,130 64,800 64,800 5.74 5.74 11,940 11,940 8,700 8,700 5.91 5.91 1,650 1,650
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) Resources are reported exclusive of reserves. (2) Resource for 2020 and 2019 were estimated at a silver price of $20 per ounce. Tonnage amounts have been rounded to the nearest 100,000. (3) Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. (4) Project is currently undeveloped. Resource estimates provided by Teck Resources. Project is currently undeveloped. Resource estimates provided by Teck Resources. (5) Resource estimates provided by Barrick, the operator of Pueblo Viejo. Resource estimates provided by Barrick, the operator of Pueblo Viejo. (6) Project is currently undeveloped. Resource estimates provided by the NuevaUnion joint venture. Project is currently undeveloped. Resource estimates provided by the NuevaUnion joint venture. (7) Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture. Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture. (8) Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture. Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture. (9) Resource estimates provided by Barrick, the operator of the NGM joint venture. Resource estimates provided by Barrick, the operator of the NGM joint venture.
Attributable Zinc Reserves (1) Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December 31, 2020 December 31, 2020 December 31, 2019
------------------------------------------------ -------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ---------------------------------------------------------------------------------------------------
Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
--------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
Newmont Newmont Tonnage (2) Grade Zinc (3) Tonnage (2) Grade Zinc (3) Tonnage (2) Grade Zinc (3) Metallurgical Tonnage (2) Grade Zinc (3)
Deposits/Districts Share Share (x1000 tonnes) (Zn %) (Tonnes) (x1000 tonnes) (Zn %) (Tonnes) (x1000 tonnes) (Zn %) (Tonnes) Recovery (x1000 tonnes) (Zn %) (Tonnes)
------------------------------------------------ -------------------- ------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- ------------------- -------------------- ------------------- --------------------
North America
100 100 % 100,100 100,100 0.98 0.98 % 980,000 980,000 248,100 248,100 0.77 0.77 % 1,910,000 1,910,000 348,200 348,200 0.83 0.83 % 2,890,000 2,890,000 82 82 % 406,800 406,800 0.79 0.79 % 3,210,000 3,210,000
Penasquito Open Pits, Mexico (4)
100 100 % 11,800 11,800 0.62 0.62 % 70,000 70,000 27,800 27,800 0.44 0.44 % 120,000 120,000 39,600 39,600 0.49 0.49 % 190,000 190,000 72 72 % 31,800 31,800 0.49 0.49 % 150,000 150,000
Penasquito Stockpiles, Mexico (5)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) See footnote (1) to the Gold Reserves table above. Zinc reserves for 2020 and 2019 were estimated at a zinc price of $1.15 and $1.20 per pound, respectively. See footnote (1) to the Gold Reserves table above. Zinc reserves for 2020 and 2019 were estimated at a zinc price of $1.15 and $1.20 per pound, respectively. (2) See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. (3) See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. (4) Zinc cut-off grade varies with level of gold, silver and zinc credits. Zinc cut-off grade varies with level of gold, silver and zinc credits. (5) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnes exceed 10,000 and are greater than 5% of the total site-reported reserves. Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnes exceed 10,000 and are greater than 5% of the total site-reported reserves.
Attributable Zinc Resources (1)(2) - December 31, 2020, Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Measured Resource Indicated Resource Measured and Indicated Inferred Resource
Resource (3)
--------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
Newmont Tonnage Grade Zinc Tonnage Grade Zinc Tonnage Grade Zinc Tonnage Grade Zinc
Deposits/Districts Share (x1000 tonnes) (Zn%) (tonnes) (x1000 tonnes) (Zn%) (tonnes) (x1000 tonnes) (Zn%) (tonnes) (x1000 tonnes) (Zn%) (tonnes)
--------------------------------- ------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- --------------------
North America
100 100 % 34,900 34,900 0.69 0.69 % 240,000 240,000 241,900 241,900 0.59 0.59 % 1,430,000 1,430,000 276,800 276,800 0.60 0.60 % 1,670,000 1,670,000 150,900 150,900 0.53 0.53 % 790,000 790,000
Penasquito, Mexico
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) Resources are reported exclusive of reserves. Resources are reported exclusive of reserves. (2) Resources for 2020 and 2019 were estimated at a zinc price of $1.40 and $1.45 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000. Resources for 2020 and 2019 were estimated at a zinc price of $1.40 and $1.45 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000. (3) Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing.
Attributable Lead Reserves (1) Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December 31, 2020 December 31, 2019
------------------------------------------------ ---------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ---------------------------------------------------------------------------------------------------
Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
--------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
Newmont Tonnage (2) Grade Lead (3) Tonnage (2) Grade Lead (3) Tonnage (2) Grade Lead (3) Metallurgical Tonnage (2) Grade Lead (3)
Deposits/Districts Share Share (x1000 tonnes) (Pb %) (Tonnes) (x1000 tonnes) (Pb %) (Tonnes) (x1000 tonnes) (Pb %) (Tonnes) Recovery (x1000 tonnes) (Pb %) (Tonnes)
------------------------------------------------ ---------------------- ------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- ------------------- -------------------- ------------------- --------------------
North America
100 100 % 100,100 100,100 0.39 0.39 % 390,000 390,000 248,100 248,100 0.33 0.33 % 810,000 810,000 348,200 348,200 0.34 0.34 % 1,200,000 1,200,000 78 78 % 406,800 406,800 0.34 0.34 % 1,370,000 1,370,000
Penasquito Open Pits, Mexico (4)
100 100 % 11,800 11,800 0.36 0.36 % 40,000 40,000 27,800 27,800 0.32 0.32 % 90,000 90,000 39,600 39,600 0.33 0.33 % 130,000 130,000 64 64 % 31,800 31,800 0.35 0.35 % 110,000 110,000
Penasquito Stockpiles, Mexico (5)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) See footnote (1) to the Gold Reserves table above. Lead reserves for 2020 and 2019 were estimated at a lead price of $0.90 and $0.95 per pound, respectively. See footnote (1) to the Gold Reserves table above. Lead reserves for 2020 and 2019 were estimated at a lead price of $0.90 and $0.95 per pound, respectively. (2) See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. (3) See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. (4) Lead cut-off grade varies with level of gold, silver and zinc credits. Lead cut-off grade varies with level of gold, silver and zinc credits. (5) Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnes exceed 10,000 and are greater than 5% of the total site-reported reserves. Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnes exceed 10,000 and are greater than 5% of the total site-reported reserves.
Attributable Lead Resources (1)(2) - December 31, 2020, Metric Units
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Measured Resource Indicated Resource Measured and Indicated Inferred Resource
Resource (3)
--------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
Newmont Tonnage Grade Lead Tonnage Grade Lead Tonnage Grade Lead Tonnage Grade Lead
Deposits/Districts Share Share (x1000 tonnes) (Pb%) (tonnes) (x1000 tonnes) (Pb%) (tonnes) (x1000 tonnes) (Pb%) (tonnes) (x1000 tonnes) (Pb%) (tonnes)
-------------------- ------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- --------------------
North America
100 100 % 34,900 34,900 0.30 0.30 % 100,000 100,000 241,900 241,900 0.27 0.27 % 660,000 660,000 276,800 276,800 0.28 0.28 % 760,000 760,000 150,900 150,900 0.27 0.27 % 400,000 400,000
Penasquito, Mexico
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) Resources are reported exclusive of reserves. Resources are reported exclusive of reserves. (2) Resources for 2020 and 2019 were estimated at a lead price of $1.10 and $1.15 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000. Resources for 2020 and 2019 were estimated at a lead price of $1.10 and $1.15 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000. (3) Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing.
Attributable Molybdenum Reserves (1) Metric Units
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December 31, 2020 December 31, 2019
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Proven Reserves Probable Reserves Proven and Probable Reserves Proven and Probable Reserves
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Newmont Tonnage (2) Grade Molybdenum (3) Tonnage (2) Grade Molybdenum (3) Tonnage (2) Grade Molybdenum (3) Metallurgical Tonnage (2) Grade Molybdenum (3)
Deposits/Districts Share Share (x1000 tonnes) (Mo %) (Tonnes) (x1000 tonnes) (Mo %) (Tonnes) (x1000 tonnes) (Mo %) (Tonnes) Recovery (x1000 tonnes) (Mo %) (Tonnes)
------------------------------------ -------------------- ------------------- -------------------- -------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- ------------------- -------------------- ------------------- --------------------
South America
50.00 50.00 % -- -- -- -- 776,900 776,900 0.02 0.02 % 120,000 120,000 776,900 776,900 0.02 0.02 % 120,000 120,000 48 48 % 776,900 776,900 0.02 0.02 % 120,000 120,000
NuevaUnion, Chile (4)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) See footnote (1) to the Gold Reserves table above. Molybdenum reserves were estimated based on a molybdenum price set by NuevaUnion joint venture. See footnote (1) to the Gold Reserves table above. Molybdenum reserves were estimated based on a molybdenum price set by NuevaUnion joint venture. (2) See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000. (3) See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000. (4) Project is currently undeveloped. Resource estimates provided by NuevaUnion joint venture. Project is currently undeveloped. Resource estimates provided by NuevaUnion joint venture.
Attributable Molybdenum Resources (1)(2) - December 31, 2020, Metric Units
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Measured Resource Indicated Resource Measured and Indicated Inferred Resource
Resource (3)
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Newmont Tonnage Grade Molybdenum Tonnage Grade Molybdenum Tonnage Grade Molybdenum Tonnage Grade Molybdenum
Deposits/Districts Share Share (x1000 tonnes) (Mo%) (tonnes) (x1000 tonnes) (Mo%) (tonnes) (x1000 tonnes) (Mo%) (tonnes) (x1000 tonnes) (Mo%) (tonnes)
------------------------------------ -------------------- ------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- -------------------- -------------------- ------------------- --------------------
South America
50 50 % 159,500 159,500 0.01 0.01 % 10,000 10,000 231,500 231,500 0.01 0.01 % 20,000 20,000 391,000 391,000 0.01 0.01 % 30,000 30,000 362,300 362,300 0.01 0.01 % 40,000 40,000
NuevaUnion, Chile (4)
18.75 18.75 % 141,900 141,900 0.03 0.03 % 40,000 40,000 137,400 137,400 0.03 0.03 % 40,000 40,000 279,300 279,300 0.03 0.03 % 80,000 80,000 139,900 139,900 0.03 0.03 % 40,000 40,000
Aqua Rica, Argentina (5)
-------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------(1) Resources are reported exclusive of reserves. Resources are reported exclusive of reserves. (2) Resources for NuevaUnion and Aqua Rica are estimated based on a molybdenum price set by NuevaUnion joint venture and Yamana, respectively. Tonnage amounts have been rounded to the nearest 100,000. Resources for NuevaUnion and Aqua Rica are estimated based on a molybdenum price set by NuevaUnion joint venture and Yamana, respectively. Tonnage amounts have been rounded to the nearest 100,000. (3) Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing. (4) Project is currently undeveloped. Resource estimates provided by NuevaUnion joint venture. Project is currently undeveloped. Resource estimates provided by NuevaUnion joint venture. (5) Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture.
Cautionary Statement:
The "Mineral Reserves" or "reserves" disclosed in this release have been prepared in compliance with Industry Guide 7 published by the SEC. As used in this news release, the term "reserve" means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination. The term "economically," as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term "legally," as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont's current mine plans. Reserves in this news release are aggregated from the proven and probable classes. The term "Proven Reserves" used in the tables of this news release means reserves for which (a) quantity is estimated from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are estimated from the results of detailed sampling; and (c) the sites for inspection, sampling and measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are well established. The term "Probable Reserves" means reserves for which quantity and grade are estimated from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Newmont classifies all reserves as Probable on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and Probable reserves include gold, copper, silver, zinc, lead or molybdenum attributable to Newmont's ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term "cutoff grade" means the lowest grade of mineralized material considered economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper, silver, zinc, lead, molybdenum extraction and type of milling or leaching facilities available.
Notice for U.S. Investors:
The terms "resources" and "Measured, Indicated and Inferred resources" are used in this news release. Investors are advised that the SEC does not recognize these terms and "resources" have not been prepared in accordance with Industry Guide 7. Newmont has determined that such "resources" would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration (SME) and defined as "Mineral Resource". Estimates of resources are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred Resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned not to assume that any part or all of the Inferred Resource exists, or is economically or legally mineable. Also, disclosure of contained ounces is permitted under the SME Guideline and other regulatory guidelines, such as Canada's NI 43-101 and Australia's JORC. However, the SEC generally requires mineral resource information in SEC-filed documents to be reported only as in-place tonnage and grade. Investors are reminded that even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately move such mineralization to production the economic feasibility of production may change. US investors are encouraged to refer to the "Proven and Probable Reserve" tables contained herein for reserves prepared in compliance with the SEC's Industry Guide 7, and to the Company's website for the "Proven and Probable Reserve" and "Mineralized Material tables, available at www.newmont.com and included in the Company's Form 10-K, expected to be filed on or about February 18, 2021, on www.sec.gov. Investors are reminded that the tables presented in the Annual Report are estimates as of December 31, 2020 and were presented on an attributable basis reflecting the Company's ownership interest at such time.
Cautionary Statement Regarding Forward Looking Statements:
This release may contain "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 and expectations of future production, exploration outlook and expected expenditure, and operational and financial performance. 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, assumptions and other factors, which could cause actual results to differ materially from future results expressed or implied by the "forward-looking statements". Such assumptions, include, but are not limited to the key assumptions set forth on page 5 hereof. For a more detailed discussion of risks and other factors that might impact future looking statements, see the Company's Annual Report on Form 10-K for the year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission (the "SEC"), under the heading "Risk Factors", as well as the COVID-19 related "Risk Factor" in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, filed with the SEC, available on the SEC website or www.newmont.com. Investors are also encouraged to refer to the Company's 2020 Form 10-K, which is expected to be filed on or about February 18, 2021, with the SEC under the headings "Risk Factors" and "Forward-Looking Statements" for additional information, 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.
About Newmont
Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.
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SOURCE: Newmont Corporation
Media Contact Courtney Boone, 303.837.5159 courtney.boone@newmont.com Investor Contact Eric Colby, 303.837.5724 eric.colby@newmont.com