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Newmont Corporation (NEM) Presents at 2023 Gold Forum Americas Brokers Conference (Transcript)
2023-09-20 18:36
Summary of Newmont Corporation's 2023 Gold Forum Americas Conference Company Overview - **Company**: Newmont Corporation (NYSE:NEM) - **Event**: 2023 Gold Forum Americas Conference - **Date**: September 19, 2023 - **Key Participants**: Tom Palmer (President, CEO), Jackie Przybylowski (BMO) Core Industry and Company Insights - **Industry**: Gold and Copper Mining - **Strategic Focus**: Newmont aims to retain its leadership in the gold industry while enhancing shareholder value through strategic acquisitions and operational efficiencies [2][5][26] Key Strategic Drivers 1. **Responsible Gold Leadership**: Emphasis on safety, sustainability, and strong relationships within the industry [3][7] 2. **Industry Consolidation**: Targeting opportunities that leverage Newmont's strengths and provide value to shareholders [4][5] 3. **Commodity Diversification**: Expanding into copper to complement gold production and meet future demand [4][5] Acquisition of Newcrest - **Rationale**: The acquisition is seen as a way to consolidate Tier 1 gold and copper assets, enhancing operational synergies and sustainability practices [5][9] - **Expected Synergies**: Anticipated annual synergies of $500 million from general and administrative costs, supply chain optimization, and operational efficiencies [9][21] - **Portfolio Strength**: The combined entity will have ten Tier 1 operations and a strong presence in key mining districts in Australia and Canada [9][26] Operational Excellence - **Full Potential Program**: A structured approach to operational improvement that has delivered significant value in past acquisitions, including Goldcorp [13][15] - **Performance Metrics**: At Boddington, throughput increased from 35 million to over 40 million tonnes per annum, with a 6% improvement in gold recovery [15] - **Future Plans**: Continued investment in existing operations, including expansions at Tanami and Ahafo, to enhance production capabilities [19][20] Financial Performance and Capital Allocation - **Shareholder Returns**: Newmont has returned $5.8 billion to shareholders since the Goldcorp acquisition, maintaining a dividend yield above 3% for 11 consecutive quarters [24][25] - **Capital Allocation Strategy**: Focus on maintaining a strong balance sheet, reinvesting in profitable projects, and returning excess cash to shareholders [24] Sustainability and Governance - **Commitment to Sustainability**: Newmont aims to set new sustainability standards in the industry, focusing on environmental stewardship and community engagement [11][26] - **Governance Structure**: Strong governance processes are in place to ensure accountability and transparency in operations [10] Conclusion - **Strategic Outlook**: Newmont is positioned to create long-term value through its acquisition of Newcrest, focusing on high-quality assets in low-risk jurisdictions and a disciplined approach to capital allocation [25][26] - **Future Engagement**: Plans to increase investor reach, particularly in Australia, as part of its growth strategy [26]
Newmont(NEM) - 2023 Q2 - Earnings Call Transcript
2023-07-20 16:21
Newmont Corporation (NYSE:NEM) Q2 2023 Earnings Conference Call July 20, 2023 11:00 AM ET Company Participants Tom Palmer - President & Chief Executive Officer Rob Atkinson - Chief Operating Officer Karyn Ovelmen - Chief Financial Officer Conference Call Participants Greg Barnes - TD Securities Anita Soni - CIBC Markets Mike Parkin - National Bank Tanya Jakusconek - Scotiabank Brian MacArthur - Raymond James Operator Good morning and welcome to Newmont's Second Quarter 2023 Earnings Call. All participants w ...
Newmont(NEM) - 2023 Q2 - Earnings Call Presentation
2023-07-20 15:12
Second Quarter 2023 Earnings CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING JULY 20, 2023 SECOND QUARTER 2023 EARNINGS NEWMONT CORPORATION 1 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS, INCLUDING OUTLOOK: This prese ...
Newmont(NEM) - 2023 Q2 - Quarterly Report
2023-07-19 16:00
For the transition period from__________to__________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Delaware ...
Newmont(NEM) - 2023 Q1 - Earnings Call Transcript
2023-04-27 18:50
Newmont Corporation (NYSE:NEM) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET Company Participants Tom Palmer - President and CEO Rob Atkinson - EVP and COO Brian Tabolt - Interim CFO Peter Toth - Chief Strategy and Sustainability Officer Conference Call Participants Jackie Przybylowski - BMO Capital Markets Tanya Jakusconek - Scotiabank Fahad Tariq - Credit Suisse Anita Soni - CIBC Capital Markets Greg Barnes - TD Securities Mike Parkin - National Bank Operator Good morning, and welcome to ...
Newmont(NEM) - 2023 Q1 - Quarterly Report
2023-04-26 16:00
Table of Contents For the transition period from__________to__________ Commission File Number: 001-31240 NEWMONT CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware ...
Newmont(NEM) - 2023 Q4 - Earnings Call Presentation
2023-03-02 18:26
Q4 2022 Results & 2023 Guidance CREATING VALUE & IMPROVING LIVES THROUGH SUSTAINABLE, RESPONSIBLE MINING FEBRUARY 23, 2023 FOURTH QUARTER 2022 RESULTS AND 2023 GUIDANCE NEWMONT CORPORATION 1 CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS: This prese ...
Newmont(NEM) - 2022 Q4 - Earnings Call Transcript
2023-02-23 20:53
Newmont Corporation (NYSE:NEM) Q4 2022 Results Conference Call February 23, 2023 10:00 AM ET Company Participants Tom Palmer - President and CEO Rob Atkinson - EVP and COO Brian Tabolt - Interim CFO Conference Call Participants Emily Chieng - Goldman Sachs Jackie Przybylowski - BMO Capital Markets Carey MacRury - Canaccord Genuity Anita Soni - CIBC World Markets Cleve Rueckert - UBS Fahad Tariq - Credit Suisse Lawson Winder - Bank of America Tanya Jakusconek - Scotiabank Greg Barnes - TD Securities Operator ...
Newmont(NEM) - 2022 Q4 - Annual Report
2023-02-22 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Delaware 84-1 ...