Newmont Reports 2018 Reserves and Resources; Delivered 6.7Mozs of Reserves through exploration, Resources increase
Newmont Mining Corp. (NYSE: NEM) (Newmont or the Company) reported gold Reserves of 65.4 million attributable ounces for 2018 compared to 68.5 million ounces at the end of 2017. New additions of 6.7 million ounces exceeded the Company’s target, but were offset by negative revisions of 3.6 million ounces and depletion of 6.1 million ounces. Gold Resources1 increased significantly to 55.0 million ounces in 2018 compared to 48.2 million ounces in 2017 at a constant gold price.
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2018 attributable gold Reserves (Moz) (Graphic: Business Wire)
The Company outperformed its exploration target, adding 6.7 million ounces of gold Reserves by the drill bit, demonstrating the success of Newmont’s exploration program. Revisions of 3.6 million ounces were largely driven by model changes at Phoenix and cost and pit design changes at Carlin. Newmont reported 5.1 million ounces of attributable mine production in 2018 resulting in 6.1 million contained ounces of reserve depletion.
Notable reserve additions for the year include a first-time declaration of 2.2 million equity ounces from the Yanacocha Sulfides project, 0.8 million ounces each at Tanami and Cripple Creek & Victor (CC&V), 0.6 million ounces at Ahafo Open Pits, 0.5 million ounces at Carlin Underground and 0.4 million equity ounces at Turquoise Ridge.
The Company’s average gold Reserve grade increased four percent to 1.19 grams per tonne compared to 1.14 grams per tonne in the prior year, largely due to higher grade additions at Yanacocha Sulfides, Tanami, and Carlin Underground.
Newmont’s gold Resources increased significantly to 55.0 million ounces, up 14 percent from 48.2 million ounces in 2017 at a constant gold price, and more than offsetting the conversion of Resource ounces to Reserves. Positive changes to the Company’s resource base included 9.5 million ounces added through exploration and studies and 5.3 million ounces through the acquisition of a 50 percent interest in the Galore Creek project. These additions were offset by the conversion of 7.7 million ounces to Reserves, along with net negative revisions of 2.2 million ounces primarily driven by Phoenix.
Notable resource additions include 1.8 million equity ounces at KCGM, 1.6 million ounces at Tanami, 1.0 million equity ounces at Yanacocha, 0.8 million equity ounces at Merian, 0.8 million ounces each at Boddington and CC&V and 0.5 million ounces at Ahafo Open Pits.
Newmont’s gold Resource grade decreased to 0.76 grams per tonne compared to 0.92 grams per tonne in the prior year, largely due to the acquisition of Galore Creek and lower grade additions from Boddington.
The Company reported attributable Measured and Indicated2 gold resources of 39.4 million ounces, up 15 percent from the prior year, and 15.6 million ounces of attributable Inferred gold resources, an increase of 12 percent from the prior year.
Copper
The Company increased copper Reserves by seven percent to 1.3 million tonnes and copper Resources3 increased significantly to 4.7 million tonnes, as compared to 2.3 million tonnes at the end of 2017. The increase was largely driven by the Galore Creek acquisition of 2.8 million tonnes.
Exploration Outlook
Newmont’s total attributable exploration expenditure4 is expected to increase to approximately $250 million in 2019, up nine percent from the prior year as the Company continues to focus on growing reserves and resources over the longer term. Around 75 percent of total exploration spend will be dedicated to near-mine expansion programs and the remaining 25 percent will be allocated to the advancement of greenfield projects and innovation programs. Geographically, the Company expects to invest approximately 35 percent in North America, 20 percent in Australia and the remainder in South America, Africa and other locations.
Gold Reserve Sensitivity
A $100 increase in gold price would result in an approximate seven percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 13 percent decrease in gold reserves. These sensitivities assume an oil price of $65 per barrel (WTI) and an Australian dollar exchange rate of $0.75.
| ____________________ | ||
| 1 | Resources include measured, indicated and inferred resources; see cautionary statement at the end of this release regarding reserves and resources. See Attributable Gold Mineral Resources tables at the end of this release. | |
| 2 | Totals may not sum due to rounding; see Attributable Gold Mineral Resources tables at the end of this release | |
| 3 | Resources include measured, indicated and inferred resources; see cautionary statement at the end of this release regarding reserves and resources. See Attributable Copper Mineral Resources tables at the end of this release. | |
| 4 | Includes capitalized and expensed exploration | |
For additional details on Newmont’s reported Gold, Copper and Silver Mineral Reserves and Resources, please refer to the tables at the end of this release.
Key Assumptions:
| Years Ended December 31, | ||||||||||
| 2018 | 2017 | |||||||||
| Gold Reserves (US$/oz) | $1,200 | $1,200 | ||||||||
| Gold Resources (US$/oz) | $1,400 | $1,400 | ||||||||
| Copper Reserves (US$/lb) | $2.50 | $2.50 | ||||||||
| Copper Resources (US$/lb) | $3.25 | $3.25 | ||||||||
| Australian Dollar (A$:US$) | $0.75 | $0.75 | ||||||||
| West Texas Intermediate (US$/bbl) | $65 | $55 | ||||||||
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. 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 and copper will be realized. Ounces of gold and silver or pounds of copper 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 or copper, 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 pounds of copper included in the Measured, Indicated and Inferred resources are those contained prior to losses during metallurgical treatment. Market fluctuations in the price of gold and copper, 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 and resources annually, and will recalculate reserves and resources at year-end 2019, taking into account metal prices, changes, if any, in future production and capital costs, mine designs, model changes, divestments and depletion as well as any acquisitions and additions during 2019.
| Attributable Proven, Probable and Combined Gold Reserves (1), U.S. Units | |||||||||||||||||||||||||||||||
|
| December 31, 2018 | December 31, 2017 | |||||||||||||||||||||||||||||
| Proven Reserves | Probable Reserves | Proven and Probable Reserves | Proven and Probable Reserves | ||||||||||||||||||||||||||||
| 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 | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | Recovery (3) | (x1000 tons) | (oz/ton) | (x1000 ozs) | |||||||||||||||||
| North America | |||||||||||||||||||||||||||||||
| Carlin Open Pits (4) | 100 | % | 1,700 | 0.088 | 140 | 118,200 | 0.047 | 5,550 | 119,900 | 0.048 | 5,690 | 73 | % | 190,600 | 0.041 | 7,760 | |||||||||||||||
| Carlin Leach Pad (5) | 100 | % | — | — | 73,500 | 0.009 | 650 | 73,500 | 0.009 | 650 | 51 | % | 67,400 | 0.009 | 580 | ||||||||||||||||
| Carlin Stockpiles (6) | 100 | % | 18,700 | 0.067 | 1,250 | — | — | 18,700 | 0.067 | 1,250 | 84 | % | 18,900 | 0.062 | 1,180 | ||||||||||||||||
| Carlin Underground (7) | 100 | % | 8,400 | 0.305 | 2,580 | 7,900 | 0.293 | 2,290 | 16,300 | 0.300 | 4,870 | 83 | % | 18,400 | 0.291 | 5,310 | |||||||||||||||
| Total Carlin, Nevada | 28,800 | 0.138 | 3,970 | 199,600 | 0.043 | 8,490 | 228,400 | 0.055 | 12,460 | 77 | % | 295,300 | 0.050 | 14,830 | |||||||||||||||||
| Phoenix (8) | 100 | % | 13,200 | 0.022 | 290 | 133,200 | 0.019 | 2,530 | 146,400 | 0.019 | 2,820 | 70 | % | 249,900 | 0.016 | 4,030 | |||||||||||||||
| Lone Tree | 100 | % | 3,900 | 0.008 | 30 | — | — | 3,900 | 0.008 | 30 | 32 | % | 3,700 | 0.007 | 20 | ||||||||||||||||
| Total Phoenix, Nevada | 17,100 | 0.019 | 320 | 133,200 | 0.019 | 2,530 | 150,300 | 0.019 | 2,850 | 70 | % | 253,600 | 0.016 | 4,050 | |||||||||||||||||
| Turquoise Ridge (9) | 25 | % | 3,300 | 0.397 | 1,310 | 2,700 | 0.355 | 960 | 6,000 | 0.378 | 2,270 | 92 | % | 4,400 | 0.454 | 1,980 | |||||||||||||||
| Twin Creeks (10) | 100 | % | 1,400 | 0.086 | 110 | 26,000 | 0.047 | 1,220 | 27,400 | 0.049 | 1,330 | 77 | % | 31,900 | 0.044 | 1,400 | |||||||||||||||
| Twin Creeks Stockpiles (6) | 100 | % | — | — | 31,300 | 0.061 | 1,910 | 31,300 | 0.061 | 1,910 | 71 | % | 31,900 | 0.063 | 2,010 | ||||||||||||||||
| Total Twin Creeks, Nevada | 4,700 | 0.302 | 1,420 | 60,000 | 0.068 | 4,090 | 64,700 | 0.085 | 5,510 | 81 | % | 68,200 | 0.079 | 5,390 | |||||||||||||||||
| Long Canyon, Nevada (11) | 100 | % | 700 | 0.064 | 50 | 23,900 | 0.038 | 920 | 24,600 | 0.039 | 970 | 76 | % | 21,600 | 0.049 | 1,070 | |||||||||||||||
| CC&V (12) | 100 | % | 123,000 | 0.016 | 1,940 | 30,900 | 0.013 | 400 | 153,900 | 0.015 | 2,340 | 59 | % | 125,500 | 0.017 | 2,090 | |||||||||||||||
| CC&V Leach Pads (5) | 100 | % | — | — | 41,900 | 0.025 | 1,050 | 41,900 | 0.025 | 1,050 | 57 | % | 45,800 | 0.025 | 1,140 | ||||||||||||||||
| CC&V Stockpiles (6) | 100 | % | 900 | 0.070 | 60 | — | — | 900 | 0.070 | 60 | 82 | % | 2,900 | 0.084 | 250 | ||||||||||||||||
| Total CC&V, Colorado | 123,900 | 0.016 | 2,000 | 72,800 | 0.020 | 1,450 | 196,700 | 0.018 | 3,450 | 59 | % | 174,200 | 0.020 | 3,480 | |||||||||||||||||
| TOTAL NORTH AMERICA | 175,200 | 0.044 | 7,760 | 489,500 | 0.036 | 17,480 | 664,700 | 0.038 | 25,240 | 78 | % | 812,900 | 0.035 | 28,820 | |||||||||||||||||
| South America | |||||||||||||||||||||||||||||||
| Yanacocha Open Pits (13) | 51.35 | % | 7,500 | 0.020 | 150 | 111,500 | 0.019 | 2,060 | 119,000 | 0.019 | 2,210 | 64 | % | 93,000 | 0.018 | 1,720 | |||||||||||||||
| Yanacocha Leach Pads (5) | 51.35 | % | 7,200 | 0.022 | 160 | — | — | 7,200 | 0.022 | 160 | 70 | % | 6,300 | 0.022 | 130 | ||||||||||||||||
| Yanacocha Stockpiles (6) | 51.35 | % | 2,300 | 0.035 | 80 | 1,600 | 0.056 | 90 | 3,900 | 0.044 | 170 | 80 | % | 5,100 | 0.042 | 220 | |||||||||||||||
| Yanacocha Underground (14) | 51.35 | % | — | — | 6,200 | 0.204 | 1,270 | 6,200 | 0.204 | 1,270 | 97 | % | — | — | |||||||||||||||||
| Total Yanacocha, Peru (23) | 17,000 | 0.023 | 390 | 119,300 | 0.029 | 3,420 | 136,300 | 0.028 | 3,810 | 76 | % | 104,400 | 0.020 | 2,070 | |||||||||||||||||
| Merian, Suriname (15) | 75 | % | 39,200 | 0.044 | 1,720 | 63,400 | 0.032 | 2,010 | 102,600 | 0.036 | 3,730 | 93 | % | 111,600 | 0.036 | 3,970 | |||||||||||||||
| TOTAL SOUTH AMERICA | 56,200 | 0.038 | 2,110 | 182,700 | 0.030 | 5,430 | 238,900 | 0.032 | 7,540 | 82 | % | 216,000 | 0.028 | 6,040 | |||||||||||||||||
| Australia | |||||||||||||||||||||||||||||||
| Boddington Open Pit (16) | 100 | % | 264,900 | 0.021 | 5,520 | 265,000 | 0.021 | 5,470 | 529,900 | 0.021 | 10,990 | 83 | % | 546,500 | 0.021 | 11,250 | |||||||||||||||
| Boddington Stockpiles (6) | 100 | % | 7,600 | 0.020 | 150 | 94,800 | 0.013 | 1,210 | 102,400 | 0.013 | 1,360 | 77 | % | 104,500 | 0.013 | 1,400 | |||||||||||||||
| Total Boddington, Western Australia | 272,500 | 0.021 | 5,670 | 359,800 | 0.019 | 6,680 | 632,300 | 0.020 | 12,350 | 83 | % | 651,000 | 0.019 | 12,650 | |||||||||||||||||
| Tanami, Northern Territory (17) | 100 | % | 11,200 | 0.159 | 1,780 | 18,000 | 0.162 | 2,910 | 29,200 | 0.161 | 4,690 | 97 | % | 26,400 | 0.166 | 4,410 | |||||||||||||||
| Kalgoorlie Open Pit and Underground (18) | 50 | % | 4,600 | 0.059 | 270 | 27,500 | 0.063 | 1,720 | 32,100 | 0.062 | 1,990 | 83 | % | 33,800 | 0.063 | 2,140 | |||||||||||||||
| Kalgoorlie Stockpiles (6) | 50 | % | 18,400 | 0.030 | 560 | 55,800 | 0.020 | 1,100 | 74,200 | 0.022 | 1,660 | 74 | % | 75,400 | 0.023 | 1,730 | |||||||||||||||
| Total Kalgoorlie, Western Australia | 23,000 | 0.036 | 830 | 83,300 | 0.034 | 2,820 | 106,300 | 0.034 | 3,650 | 79 | % | 109,200 | 0.035 | 3,870 | |||||||||||||||||
| TOTAL AUSTRALIA | 306,700 | 0.027 | 8,280 | 461,100 | 0.027 | 12,410 | 767,800 | 0.027 | 20,690 | 84 | % | 786,600 | 0.027 | 20,930 | |||||||||||||||||
| Africa | |||||||||||||||||||||||||||||||
| Ahafo South Open Pits (19) | 100 | % | 17,600 | 0.070 | 1,230 | 53,600 | 0.054 | 2,870 | 71,200 | 0.058 | 4,100 | 91 | % | 71,300 | 0.053 | 3,760 | |||||||||||||||
| Ahafo Underground (20) | 100 | % | — | — | 8,300 | 0.138 | 1,150 | 8,300 | 0.138 | 1,150 | 94 | % | 11,600 | 0.136 | 1,590 | ||||||||||||||||
| Ahafo Stockpiles (6) | 100 | % | 41,700 | 0.027 | 1,130 | — | — | 41,700 | 0.027 | 1,130 | 87 | % | 41,300 | 0.028 | 1,160 | ||||||||||||||||
| Total Ahafo South, Ghana | 59,300 | 0.040 | 2,360 | 61,900 | 0.065 | 4,020 | 121,200 | 0.053 | 6,380 | 91 | % | 124,200 | 0.052 | 6,510 | |||||||||||||||||
| Ahafo North, Ghana (21) | 100 | % | — | — | 48,000 | 0.070 | 3,350 | 48,000 | 0.070 | 3,350 | 91 | % | 48,000 | 0.070 | 3,350 | ||||||||||||||||
| Akyem Open Pit (22) | 100 | % | 9,100 | 0.049 | 450 | 28,600 | 0.049 | 1,410 | 37,700 | 0.049 | 1,860 | 90 | % | 51,600 | 0.048 | 2,500 | |||||||||||||||
| Akyem Stockpiles (6) | 100 | % | 14,300 | 0.026 | 380 | — | — | 14,300 | 0.026 | 380 | 89 | % | 11,200 | 0.028 | 320 | ||||||||||||||||
| Total Akyem, Ghana | 23,400 | 0.035 | 830 | 28,600 | 0.049 | 1,410 | 52,000 | 0.043 | 2,240 | 89 | % | 62,800 | 0.045 | 2,820 | |||||||||||||||||
| TOTAL AFRICA | 82,700 | 0.038 | 3,190 | 138,500 | 0.063 | 8,780 | 221,200 | 0.054 | 11,970 | 91 | % | 235,000 | 0.054 | 12,680 | |||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 620,800 | 0.034 | 21,340 | 1,271,800 | 0.035 | 44,100 | 1,892,600 | 0.035 | 65,440 | 83 | % | 2,050,500 | 0.033 | 68,470 | |||||||||||||||||
| (1) | See cautionary statement regarding reserves and resources at the end of this release. 2018 and 2017 reserves were calculated at a gold price of $1,200, or A$1,600 per ounce unless otherwise noted. | |
| (2) | 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. | |
| (4) | Cut-off grades utilized in 2018 reserves were as follows: oxide leach material not less than 0.006 ounce per ton; oxide mill material not less than 0.030 ounce per ton; flotation material not less than 0.016 ounce per ton; and refractory mill material not less than 0.041 ounce per ton. | |
| (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. | |
| (6) | 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. | |
| (7) | Cut-off grade utilized in 2018 reserves not less than 0.048 ounce per ton. | |
| (8) | Gold cut-off grade varies with level of copper and silver credits. | |
| (9) | Reserve estimates provided by Barrick, the operator of the Turquoise Ridge joint venture, as of February 13, 2019. | |
| (10) | Cut-off grades utilized in 2018 reserves were as follows: oxide leach material not less than 0.008 ounce per ton; oxide mill material not less than 0.016 ounce per ton; and refractory mill material not less than 0.046 ounce per ton. | |
| (11) | Cut-off grade utilized in 2018 reserves not less than 0.007 ounce per ton. | |
| (12) | Cut-off grades utilized in 2018 reserves were as follows: oxide mill material not less than 0.040 ounce per ton and leach material not less than 0.007 ounce per ton. | |
| (13) | Gold cut-off grades utilized in 2018 reserves were as follows: oxide leach material not less than 0.004 ounce per ton; oxide mill material not less than 0.013 ounce per ton; and refractory mill material not less than 0.040 ounce per ton. | |
| (14) | Gold cut-off grades utilized in 2018 reserves not less than 0.054 ounce per ton. | |
| (15) | Cut-off grade utilized in 2018 reserves not less than 0.010 ounce per ton. | |
| (16) | Gold cut-off grade varies with level of copper credits. | |
| (17) | Cut-off grade utilized in 2018 reserves not less than 0.047 ounce per ton. | |
| (18) | Cut-off grade utilized in 2018 in situ reserves not less than 0.026 ounce per ton. | |
| (19) | Cut-off grade utilized in 2018 reserves not less than 0.019 ounce per ton. | |
| (20) | Cut-off grade utilized in 2018 reserves not less than 0.064 ounce per ton. | |
| (21) | Includes undeveloped reserves at six pits in the Ahafo trend totaling 3.4 million ounces. Cut-off grade utilized in 2018 reserves not less than 0.014 ounce per ton. | |
| (22) | Cut-off grade utilized in 2018 reserves not less than 0.016 ounce per ton. | |
| (23) | 2017 Yanacocha ownership was 54.05%. | |
| Attributable Proven, Probable and Combined Gold Reserves (1), Metric Units | |||||||||||||||||||||||||||||||
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| December 31, 2018 | December 31, 2017 | |||||||||||||||||||||||||||||
| Proven Reserves | Probable Reserves | Proven and Probable Reserves | Proven and Probable Reserves | ||||||||||||||||||||||||||||
| 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 | (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) | |||||||||||||||||
| North America | |||||||||||||||||||||||||||||||
| Carlin Open Pits | 100 | % | 1,500 | 3.00 | 140 | 107,200 | 1.61 | 5,550 | 108,700 | 1.63 | 5,690 | 73 | % | 172,800 | 1.40 | 7,760 | |||||||||||||||
| Carlin Leach Pad (5) | 100 | % | — | — | 66,800 | 0.30 | 650 | 66,800 | 0.30 | 650 | 51 | % | 61,200 | 0.30 | 580 | ||||||||||||||||
| Carlin Stockpiles (6) | 100 | % | 16,900 | 2.30 | 1,250 | — | — | 16,900 | 2.30 | 1,250 | 84 | % | 17,200 | 2.14 | 1,180 | ||||||||||||||||
| Carlin Underground | 100 | % | 7,700 | 10.47 | 2,580 | 7,100 | 10.05 | 2,290 | 14,800 | 10.27 | 4,870 | 83 | % | 16,400 | 9.96 | 5,310 | |||||||||||||||
| Total Carlin, Nevada | 26,100 | 4.73 | 3,970 | 181,100 | 1.46 | 8,490 | 207,200 | 1.87 | 12,460 | 77 | % | 267,600 | 1.72 | 14,830 | |||||||||||||||||
| Phoenix | 100 | % | 12,000 | 0.76 | 290 | 120,800 | 0.65 | 2,530 | 132,800 | 0.66 | 2,820 | 70 | % | 226,600 | 0.55 | 4,030 | |||||||||||||||
| Lone Tree | 100 | % | 3,600 | 0.29 | 30 | — | — | 3,600 | 0.29 | 30 | 32 | % | 3,400 | 0.25 | 20 | ||||||||||||||||
| Total Phoenix, Nevada | 15,600 | 0.64 | 320 | 120,800 | 0.65 | 2,530 | 136,400 | 0.65 | 2,850 | 70 | % | 230,000 | 0.55 | 4,050 | |||||||||||||||||
| Turquoise Ridge (9) | 25 | % | 3,000 | 13.62 | 1,310 | 2,500 | 12.16 | 960 | 5,500 | 12.97 | 2,270 | 92 | % | 3,900 | 15.56 | 1,980 | |||||||||||||||
| Twin Creeks | 100 | % | 1,300 | 2.96 | 110 | 23,600 | 1.61 | 1,220 | 24,900 | 1.66 | 1,330 | 77 | % | 28,900 | 1.51 | 1,400 | |||||||||||||||
| Twin Creeks Stockpiles (6) | 100 | % | — | — | 28,400 | 2.09 | 1,910 | 28,400 | 2.09 | 1,910 | 71 | % | 29,000 | 2.16 | 2,010 | ||||||||||||||||
| Total Twin Creeks, Nevada | 4,300 | 10.27 | 1,420 | 54,500 | 2.33 | 4,090 | 58,800 | 2.91 | 5,510 | 81 | % | 61,800 | 2.71 | 5,390 | |||||||||||||||||
| Long Canyon, Nevada | 100 | % | 600 | 2.18 | 50 | 21,700 | 1.31 | 920 | 22,300 | 1.34 | 970 | 76 | % | 19,700 | 1.68 | 1,070 | |||||||||||||||
| CC&V | 100 | % | 111,400 | 0.54 | 1,940 | 28,100 | 0.45 | 400 | 139,500 | 0.52 | 2,340 | 59 | % | 114,000 | 0.57 | 2,090 | |||||||||||||||
| CC&V Leach Pads (5) | 100 | % | — | — | 38,100 | 0.86 | 1,050 | 38,100 | 0.86 | 1,050 | 57 | % | 41,500 | 0.86 | 1,140 | ||||||||||||||||
| CC&V Stockpiles (6) | 100 | % | 800 | 2.41 | 60 | — | — | 800 | 2.41 | 60 | 82 | % | 2,700 | 2.89 | 250 | ||||||||||||||||
| Total CC&V, Colorado | 112,200 | 0.56 | 2,000 | 66,200 | 0.68 | 1,450 | 178,400 | 0.60 | 3,450 | 59 | % | 158,200 | 0.69 | 3,480 | |||||||||||||||||
| TOTAL NORTH AMERICA | 158,800 | 1.53 | 7,760 | 444,300 | 1.22 | 17,480 | 603,100 | 1.30 | 25,240 | 78 | % | 737,300 | 1.22 | 28,820 | |||||||||||||||||
| South America | |||||||||||||||||||||||||||||||
| Yanacocha Open Pits | 51.35 | % | 6,700 | 0.68 | 150 | 101,100 | 0.64 | 2,060 | 107,800 | 0.64 | 2,210 | 64 | % | 84,200 | 0.63 | 1,720 | |||||||||||||||
| Yanacocha Leach Pads (5) | 51.35 | % | 6,500 | 0.75 | 160 | — | — | 6,500 | 0.75 | 160 | 70 | % | 5,700 | 0.75 | 130 | ||||||||||||||||
| Yanacocha Stockpiles (6) | 51.35 | % | 2,100 | 1.21 | 80 | 1,500 | 1.91 | 90 | 3,600 | 1.50 | 170 | 80 | % | 4,700 | 1.44 | 220 | |||||||||||||||
| Yanacocha Underground | 51.35 | % | — | — | 5,700 | 6.98 | 1,270 | 5,700 | 6.98 | 1,270 | 97 | % | — | — | |||||||||||||||||
| Total Yanacocha, Peru (23) | 15,300 | 0.79 | 390 | 108,300 | 0.98 | 3,420 | 123,600 | 0.96 | 3,810 | 76 | % | 94,600 | 0.68 | 2,070 | |||||||||||||||||
| Merian, Suriname | 75 | % | 35,600 | 1.51 | 1,720 | 57,500 | 1.09 | 2,010 | 93,100 | 1.25 | 3,730 | 93 | % | 101,200 | 1.22 | 3,970 | |||||||||||||||
| TOTAL SOUTH AMERICA | 50,900 | 1.29 | 2,110 | 165,800 | 1.02 | 5,430 | 216,700 | 1.08 | 7,540 | 82 | % | 195,800 | 0.96 | 6,040 | |||||||||||||||||
| Australia | |||||||||||||||||||||||||||||||
| Boddington Open Pit | 100 | % | 240,400 | 0.71 | 5,520 | 240,300 | 0.71 | 5,470 | 480,700 | 0.71 | 10,990 | 83 | % | 495,900 | 0.71 | 11,250 | |||||||||||||||
| Boddington Stockpiles (6) | 100 | % | 6,900 | 0.67 | 150 | 86,100 | 0.44 | 1,210 | 93,000 | 0.45 | 1,360 | 77 | % | 94,900 | 0.46 | 1,400 | |||||||||||||||
| Total Boddington, Western Australia | 247,300 | 0.71 | 5,670 | 326,400 | 0.64 | 6,680 | 573,700 | 0.67 | 12,350 | 83 | % | 590,800 | 0.67 | 12,650 | |||||||||||||||||
| Tanami, Northern Territory | 100 | % | 10,200 | 5.46 | 1,780 | 16,400 | 5.54 | 2,910 | 26,600 | 5.51 | 4,690 | 97 | % | 24,100 | 5.69 | 4,410 | |||||||||||||||
| Kalgoorlie Open Pit and Underground | 50 | % | 4,100 | 2.03 | 270 | 24,900 | 2.14 | 1,720 | 29,000 | 2.13 | 1,990 | 83 | % | 30,700 | 2.17 | 2,140 | |||||||||||||||
| Kalgoorlie Stockpiles (6) | 50 | % | 16,700 | 1.04 | 560 | 50,600 | 0.68 | 1,100 | 67,300 | 0.77 | 1,660 | 74 | % | 68,300 | 0.78 | 1,730 | |||||||||||||||
| Total Kalgoorlie, Western Australia | 20,800 | 1.23 | 830 | 75,500 | 1.16 | 2,820 | 96,300 | 1.18 | 3,650 | 79 | % | 99,000 | 1.21 | 3,870 | |||||||||||||||||
| TOTAL AUSTRALIA | 278,300 | 0.92 | 8,280 | 418,300 | 0.92 | 12,410 | 696,600 | 0.92 | 20,690 | 84 | % | 713,900 | 0.91 | 20,930 | |||||||||||||||||
| Africa | |||||||||||||||||||||||||||||||
| Ahafo South Open Pits | 100 | % | 15,900 | 2.40 | 1,230 | 48,700 | 1.83 | 2,870 | 64,600 | 1.97 | 4,100 | 91 | % | 64,900 | 1.81 | 3,760 | |||||||||||||||
| Ahafo Underground | 100 | % | — | — | 7,500 | 4.74 | 1,150 | 7,500 | 4.74 | 1,150 | 94 | % | 10,500 | 4.67 | 1,590 | ||||||||||||||||
| Ahafo Stockpiles (6) | 100 | % | 38,000 | 0.92 | 1,130 | — | — | 38,000 | 0.92 | 1,130 | 87 | % | 37,600 | 0.95 | 1,160 | ||||||||||||||||
| Total Ahafo South, Ghana | 53,900 | 1.36 | 2,360 | 56,200 | 2.22 | 4,020 | 110,100 | 1.80 | 6,380 | 91 | % | 113,000 | 1.79 | 6,510 | |||||||||||||||||
| Ahafo North, Ghana | 100 | % | — | — | 43,500 | 2.39 | 3,350 | 43,500 | 2.39 | 3,350 | 91 | % | 43,500 | 2.39 | 3,350 | ||||||||||||||||
| Akyem Open Pit | 100 | % | 8,200 | 1.69 | 450 | 26,000 | 1.69 | 1,410 | 34,200 | 1.69 | 1,860 | 90 | % | 46,900 | 1.66 | 2,500 | |||||||||||||||
| Akyem Stockpiles (6) | 100 | % | 12,900 | 0.90 | 380 | — | — | 12,900 | 0.90 | 380 | 89 | % | 10,200 | 0.95 | 320 | ||||||||||||||||
| Total Akyem, Ghana | 21,100 | 1.21 | 830 | 26,000 | 1.69 | 1,410 | 47,100 | 1.47 | 2,240 | 89 | % | 57,100 | 1.53 | 2,820 | |||||||||||||||||
| TOTAL AFRICA | 75,000 | 1.32 | 3,190 | 125,700 | 2.17 | 8,780 | 200,700 | 1.85 | 11,970 | 91 | % | 213,600 | 1.84 | 12,680 | |||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 563,000 | 1.18 | 21,340 | 1,154,100 | 1.19 | 44,100 | 1,717,100 | 1.19 | 65,440 | 83 | % | 1,860,600 | 1.14 | 68,470 | |||||||||||||||||
See Footnotes under Gold Reserves U.S. units table. Note that cut off grades in such footnotes are represented in U.S. units
| Attributable Gold Mineral Resources (1)(2) - December 31, 2018, U.S. Units | ||||||||||||||||||||||||||||
| Measured Resource | Indicated Resource | Measured and Indicated Resource (3) | Inferred Resource | |||||||||||||||||||||||||
| Newmont | Tonnage | Grade | Gold | Tonnage | Grade | Gold | Tonnage | Grade | Gold | Tonnage | Grade | Gold | ||||||||||||||||
| Deposits/Districts | Share | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | |||||||||||||||
| North America | ||||||||||||||||||||||||||||
| Carlin Trend Open Pit | 100 | % | 1,100 | 0.084 | 90 | 110,400 | 0.037 | 4,090 | 111,500 | 0.038 | 4,180 | 10,500 | 0.029 | 310 | ||||||||||||||
| Carlin Trend Underground | 100 | % | 1,000 | 0.214 | 220 | 2,600 | 0.162 | 440 | 3,600 | 0.176 | 660 | 2,600 | 0.279 | 740 | ||||||||||||||
| Total Carlin, Nevada | 2,100 | 0.148 | 310 | 113,000 | 0.040 | 4,530 | 115,100 | 0.042 | 4,840 | 13,100 | 0.080 | 1,050 | ||||||||||||||||
| Phoenix | 100 | % | 7,000 | 0.015 | 100 | 106,700 | 0.014 | 1,530 | 113,700 | 0.014 | 1,630 | 16,100 | 0.019 | 300 | ||||||||||||||
| Buffalo Valley | 70 | % | — | 0.000 | — | 15,500 | 0.019 | 290 | 15,500 | 0.019 | 290 | 400 | 0.011 | — | ||||||||||||||
| Total Phoenix, Nevada | 7,000 | 0.015 | 100 | 122,200 | 0.015 | 1,820 | 129,200 | 0.015 | 1,920 | 16,500 | 0.018 | 300 | ||||||||||||||||
| Twin Creeks | 100 | % | 1,900 | 0.083 | 150 | 34,600 | 0.062 | 2,150 | 36,500 | 0.063 | 2,300 | 14,200 | 0.050 | 710 | ||||||||||||||
| Twin Creeks Stockpiles (4) | 100 | % | 9,000 | 0.059 | 530 | — | 0.000 | — | 9,000 | 0.059 | 530 | — | 0.000 | — | ||||||||||||||
| Sandman | 100 | % | — | 0.000 | — | 1,300 | 0.036 | 50 | 1,300 | 0.036 | 50 | 1,100 | 0.054 | 60 | ||||||||||||||
| Turquoise Ridge (5) | 25 | % | 1,100 | 0.225 | 240 | 900 | 0.240 | 210 | 2,000 | 0.231 | 450 | 700 | 0.348 | 240 | ||||||||||||||
| Total Twin Creeks, Nevada | 12,000 | 0.077 | 920 | 36,800 | 0.065 | 2,410 | 48,800 | 0.068 | 3,330 | 16,000 | 0.063 | 1,010 | ||||||||||||||||
| Long Canyon, Nevada | 100 | % | 600 | 0.112 | 60 | 15,400 | 0.102 | 1,570 | 16,000 | 0.103 | 1,630 | 6,200 | 0.057 | 350 | ||||||||||||||
| CC&V, Colorado | 100 | % | 46,900 | 0.016 | 750 | 30,900 | 0.014 | 450 | 77,800 | 0.015 | 1,200 | 17,300 | 0.013 | 200 | ||||||||||||||
| Galore Creek, Canada (6) | 50 | % | 141,500 | 0.011 | 1,510 | 466,800 | 0.007 | 3,120 | 608,300 | 0.008 | 4,630 | 109,200 | 0.006 | 670 | ||||||||||||||
| TOTAL NORTH AMERICA | 210,100 | 0.017 | 3,650 | 785,100 | 0.018 | 13,900 | 995,200 | 0.018 | 17,550 | 178,300 | 0.020 | 3,580 | ||||||||||||||||
| South America | ||||||||||||||||||||||||||||
| Conga, Peru | 51.35 | % | — | 0.000 | — | 392,700 | 0.019 | 7,490 | 392,700 | 0.019 | 7,490 | 130,500 | 0.011 | 1,480 | ||||||||||||||
| Yanacocha | 51.35 | % | 6,200 | 0.015 | 90 | 36,500 | 0.011 | 410 | 42,700 | 0.012 | 500 | 100,200 | 0.025 | 2,480 | ||||||||||||||
| Yanacocha Underground | 51.35 | % | — | 0.000 | — | 2,500 | 0.161 | 390 | 2,500 | 0.161 | 390 | 4,500 | 0.103 | 460 | ||||||||||||||
| Total Yanacocha, Peru | 6,200 | 0.015 | 90 | 39,000 | 0.021 | 800 | 45,200 | 0.020 | 890 | 104,700 | 0.028 | 2,940 | ||||||||||||||||
| Merian, Suriname | 75 | % | 3,900 | 0.028 | 110 | 33,500 | 0.034 | 1,130 | 37,400 | 0.033 | 1,240 | 47,600 | 0.036 | 1,730 | ||||||||||||||
| TOTAL SOUTH AMERICA | 10,100 | 0.019 | 200 | 465,200 | 0.020 | 9,420 | 475,300 | 0.020 | 9,620 | 282,800 | 0.022 | 6,150 | ||||||||||||||||
| Australia | ||||||||||||||||||||||||||||
| Boddington, Western Australia | 100 | % | 104,900 | 0.016 | 1,680 | 279,700 | 0.016 | 4,510 | 384,600 | 0.016 | 6,190 | 5,700 | 0.014 | 80 | ||||||||||||||
| Tanami, Northern Territory | 100 | % | 400 | 0.092 | 40 | 8,900 | 0.099 | 870 | 9,300 | 0.099 | 910 | 11,200 | 0.123 | 1,370 | ||||||||||||||
| Kalgoorlie, Western Australia | 50 | % | 5,900 | 0.042 | 240 | 27,900 | 0.044 | 1,240 | 33,800 | 0.044 | 1,480 | 10,300 | 0.068 | 700 | ||||||||||||||
| TOTAL AUSTRALIA | 111,200 | 0.018 | 1,960 | 316,500 | 0.021 | 6,620 | 427,700 | 0.020 | 8,580 | 27,200 | 0.079 | 2,150 | ||||||||||||||||
| Africa | ||||||||||||||||||||||||||||
| Ahafo South | 100 | % | 1,600 | 0.017 | 30 | 28,100 | 0.035 | 990 | 29,700 | 0.034 | 1,020 | 10,600 | 0.045 | 480 | ||||||||||||||
| Ahafo Underground | 100 | % | — | 0.000 | — | 11,000 | 0.140 | 1,530 | 11,000 | 0.140 | 1,530 | 13,400 | 0.130 | 1,740 | ||||||||||||||
| Total Ahafo South, Ghana | 1,600 | 0.017 | 30 | 39,100 | 0.064 | 2,520 | 40,700 | 0.063 | 2,550 | 24,000 | 0.093 | 2,220 | ||||||||||||||||
| Ahafo North Open Pits, Ghana | 100 | % | — | 0.000 | — | 10,800 | 0.048 | 520 | 10,800 | 0.048 | 520 | 8,300 | 0.052 | 440 | ||||||||||||||
| Akyem Open Pits | 100 | % | 600 | 0.023 | 10 | 1,700 | 0.013 | 20 | 2,300 | 0.016 | 30 | — | 0.000 | — | ||||||||||||||
| Akyem Underground | 100 | % | — | 0.000 | — | 4,100 | 0.134 | 540 | 4,100 | 0.134 | 540 | 8,700 | 0.120 | 1,050 | ||||||||||||||
| Akyem, Ghana | 600 | 0.023 | 10 | 5,800 | 0.097 | 560 | 6,400 | 0.089 | 570 | 8,700 | 0.121 | 1,050 | ||||||||||||||||
| TOTAL AFRICA | 2,200 | 0.019 | 40 | 55,700 | 0.065 | 3,600 | 57,900 | 0.063 | 3,640 | 41,000 | 0.090 | 3,710 | ||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 333,600 | 0.018 | 5,850 | 1,622,500 | 0.021 | 33,540 | 1,956,100 | 0.020 | 39,390 | 529,300 | 0.030 | 15,590 | ||||||||||||||||
| (1) | Resources are reported exclusive of reserves. | |
| (2) | Resources are calculated at a gold price of $1,400 or A$1,750 per ounce for 2018 and 2017. 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. | |
| (4) | Stockpiles are comprised primarily of mineralized material that has been set aside during mining activities. Stockpiles can increase or decrease depending on changes in metal prices and other mining and processing cost and recovery factors. Stockpile reserves are reported separately where tonnage exceeds 100,000 and is greater than 5% of the total site-reported resources. | |
| (5) | Resource estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture. | |
| (6) | Resource estimates provided by Teck Resources, the operator of Galore Creek. | |
| Attributable Gold Mineral Resources (1)(2) - December 31, 2018, Metric Units | ||||||||||||||||||||||||||||
| Measured Resource | Indicated Resource | Measured and Indicated Resource (3) | Inferred Resource | |||||||||||||||||||||||||
| Newmont | Tonnage | Grade | Gold | Tonnage | Grade | Gold | Tonnage | Grade | Gold | Tonnage | Grade | Gold | ||||||||||||||||
| Deposits/Districts | 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 | ||||||||||||||||||||||||||||
| Carlin Trend Open Pit | 100 | % | 1,000 | 2.88 | 90 | 100,100 | 1.27 | 4,090 | 101,100 | 1.29 | 4,180 | 9,600 | 1.01 | 310 | ||||||||||||||
| Carlin Trend Underground | 100 | % | 900 | 7.35 | 220 | 2,400 | 5.54 | 440 | 3,300 | 6.04 | 660 | 2,300 | 9.55 | 740 | ||||||||||||||
| Total Carlin, Nevada | 1,900 | 5.07 | 310 | 102,500 | 1.37 | 4,530 | 104,400 | 1.44 | 4,840 | 11,900 | 2.74 | 1,050 | ||||||||||||||||
| Phoenix | 100 | % | 6,400 | 0.51 | 100 | 96,800 | 0.49 | 1,530 | 103,200 | 0.49 | 1,630 | 14,500 | 0.64 | 300 | ||||||||||||||
| Buffalo Valley | 70 | % | — | 0.00 | — | 14,100 | 0.65 | 290 | 14,100 | 0.65 | 290 | 400 | 0.38 | — | ||||||||||||||
| Total Phoenix, Nevada | 6,400 | 0.51 | 100 | 110,900 | 0.51 | 1,820 | 117,300 | 0.51 | 1,920 | 14,900 | 0.63 | 300 | ||||||||||||||||
| Twin Creeks | 100 | % | 1,700 | 2.84 | 150 | 31,300 | 2.13 | 2,150 | 33,000 | 2.17 | 2,300 | 12,900 | 1.72 | 710 | ||||||||||||||
| Twin Creeks Stockpiles (4) | 100 | % | 8,200 | 2.03 | 530 | — | 0.00 | — | 8,200 | 2.03 | 530 | — | 0.00 | — | ||||||||||||||
| Sandman | 100 | % | — | 0.00 | — | 1,200 | 1.23 | 50 | 1,200 | 1.23 | 50 | 1,100 | 1.85 | 60 | ||||||||||||||
| Turquoise Ridge (5) | 25 | % | 1,000 | 7.70 | 240 | 800 | 8.22 | 210 | 1,800 | 7.93 | 450 | 600 | 11.92 | 240 | ||||||||||||||
| Total Twin Creeks, Nevada | 10,900 | 2.63 | 920 | 33,300 | 2.25 | 2,410 | 44,200 | 2.34 | 3,330 | 14,600 | 2.15 | 1,010 | ||||||||||||||||
| Long Canyon, Nevada | 100 | % | 500 | 3.84 | 60 | 14,000 | 3.50 | 1,570 | 14,500 | 3.52 | 1,630 | 5,600 | 1.94 | 350 | ||||||||||||||
| CC&V, Colorado | 100 | % | 42,700 | 0.54 | 750 | 28,100 | 0.49 | 450 | 70,800 | 0.52 | 1,200 | 15,800 | 0.43 | 200 | ||||||||||||||
| Galore Creek, Canada (6) | 50 | % | 128,400 | 0.36 | 1,510 | 423,400 | 0.23 | 3,120 | 551,800 | 0.26 | 4,630 | 99,100 | 0.21 | 670 | ||||||||||||||
| TOTAL NORTH AMERICA | 190,800 | 0.60 | 3,650 | 712,200 | 0.61 | 13,900 | 903,000 | 0.61 | 17,550 | 161,900 | 0.69 | 3,580 | ||||||||||||||||
| South America | ||||||||||||||||||||||||||||
| Conga, Peru | 51.35 | % | — | 0.00 | — | 356,300 | 0.65 | 7,490 | 356,300 | 0.65 | 7,490 | 118,400 | 0.39 | 1,480 | ||||||||||||||
| Yanacocha | 51.35 | % | 5,600 | 0.50 | 90 | 33,100 | 0.39 | 410 | 38,700 | 0.40 | 500 | 90,900 | 0.85 | 2,480 | ||||||||||||||
| Yanacocha Underground | 51.35 | % | — | 0.00 | — | 2,200 | 5.53 | 390 | 2,200 | 5.53 | 390 | 4,100 | 3.54 | 460 | ||||||||||||||
| Total Yanacocha, Peru | 5,600 | 0.50 | 90 | 35,300 | 0.70 | 800 | 40,900 | 0.68 | 890 | 95,000 | 0.96 | 2,940 | ||||||||||||||||
| Merian, Suriname | 75 | % | 3,500 | 0.96 | 110 | 30,300 | 1.15 | 1,130 | 33,800 | 1.13 | 1,240 | 43,300 | 1.24 | 1,730 | ||||||||||||||
| TOTAL SOUTH AMERICA | 9,100 | 0.65 | 200 | 421,900 | 0.70 | 9,420 | 431,000 | 0.69 | 9,620 | 256,700 | 0.74 | 6,150 | ||||||||||||||||
| Australia | ||||||||||||||||||||||||||||
| Boddington, Western Australia | 100 | % | 95,200 | 0.55 | 1,680 | 253,800 | 0.55 | 4,510 | 349,000 | 0.55 | 6,190 | 5,100 | 0.49 | 80 | ||||||||||||||
| Tanami, Northern Territory | 100 | % | 400 | 3.15 | 40 | 8,000 | 3.40 | 870 | 8,400 | 3.39 | 910 | 10,200 | 4.22 | 1,370 | ||||||||||||||
| Kalgoorlie, Western Australia | 50 | % | 5,300 | 1.42 | 240 | 25,500 | 1.51 | 1,240 | 30,800 | 1.49 | 1,480 | 9,400 | 2.33 | 700 | ||||||||||||||
| TOTAL AUSTRALIA | 100,900 | 0.61 | 1,960 | 287,300 | 0.72 | 6,620 | 388,200 | 0.69 | 8,580 | 24,700 | 2.72 | 2,150 | ||||||||||||||||
| Africa | ||||||||||||||||||||||||||||
| Ahafo South | 100 | % | 1,400 | 0.59 | 30 | 25,400 | 1.21 | 990 | 26,800 | 1.18 | 1,020 | 9,600 | 1.54 | 480 | ||||||||||||||
| Ahafo Underground | 100 | % | — | 0.00 | — | 9,900 | 4.80 | 1,530 | 9,900 | 4.80 | 1,530 | 12,200 | 4.47 | 1,740 | ||||||||||||||
| Total Ahafo South, Ghana | 1,400 | 0.59 | 30 | 35,300 | 2.22 | 2,520 | 36,700 | 2.16 | 2,550 | 21,800 | 3.17 | 2,220 | ||||||||||||||||
| Ahafo North Open Pits, Ghana | 100 | % | — | 0.00 | — | 9,900 | 1.65 | 520 | 9,900 | 1.65 | 520 | 7,500 | 1.79 | 440 | ||||||||||||||
| Akyem Open Pits | 100 | % | 600 | 0.77 | 10 | 1,500 | 0.44 | 20 | 2,100 | 0.53 | 30 | — | 0.00 | — | ||||||||||||||
| Akyem Underground | 100 | % | — | 0.00 | — | 3,700 | 4.59 | 540 | 3,700 | 4.59 | 540 | 7,900 | 4.11 | 1,050 | ||||||||||||||
| Akyem, Ghana | 600 | 0.77 | 10 | 5,200 | 3.35 | 560 | 5,800 | 3.06 | 570 | 7,900 | 4.13 | 1,050 | ||||||||||||||||
| TOTAL AFRICA | 2,000 | 0.64 | 40 | 50,400 | 2.22 | 3,600 | 52,400 | 2.16 | 3,640 | 37,200 | 3.09 | 3,710 | ||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 302,800 | 0.60 | 5,850 | 1,471,800 | 0.71 | 33,540 | 1,774,600 | 0.69 | 39,390 | 480,500 | 1.01 | 15,590 | ||||||||||||||||
See footnotes in Gold Resources U.S. units table.
| Attributable Copper Reserves (1) U.S. Units | |||||||||||||||||||||||||||||||||||
|
| December 31, 2018 | December 31, 2017 | |||||||||||||||||||||||||||||||||
| 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 tons) | (Cu %) | (million pounds) | (x1000 tons) | (Cu %) | (million pounds) | (x1000 tons) | (Cu %) | (million pounds) | Recovery (3) | (x1000 tons) | (Cu %) | (million pounds) | |||||||||||||||||||||
| North America | |||||||||||||||||||||||||||||||||||
| Phoenix, Nevada (4) | 100 | % | 53,200 | 0.21 | % | 230 | 189,900 | 0.17 | % | 660 | 243,100 | 0.18 | % | 890 | 64 | % | 394,700 | 0.17 | % | 1,330 | |||||||||||||||
| TOTAL NORTH AMERICA | 53,200 | 0.21 | % | 230 | 189,900 | 0.17 | % | 660 | 243,100 | 0.18 | % | 890 | 64 | % | 394,700 | 0.17 | % | 1,330 | |||||||||||||||||
| South America | |||||||||||||||||||||||||||||||||||
| Yanacocha Open Pits and Underground, Peru (5) | 51.35 | % | — | — | 59,000 | 0.63 | % | 740 | 59,000 | 0.63 | % | 740 | 83 | % | — | — | |||||||||||||||||||
| TOTAL SOUTH AMERICA | — | — | 59,000 | 0.63 | % | 740 | 59,000 | 0.63 | % | 740 | 83 | % | — | — | |||||||||||||||||||||
| Australia | |||||||||||||||||||||||||||||||||||
| Boddington Open Pit, Western Australia (6) | 100 | % | 264,900 | 0.09 | % | 500 | 265,000 | 0.11 | % | 580 | 529,900 | 0.10 | % | 1,080 | 79 | % | 546,500 | 0.11 | % | 1,160 | |||||||||||||||
| Boddington Stockpiles, Western Australia (7) | 100 | % | 7,600 | 0.08 | % | 10 | 94,800 | 0.08 | % | 160 | 102,400 | 0.08 | % | 170 | 73 | % | 104,500 | 0.09 | % | 180 | |||||||||||||||
| TOTAL AUSTRALIA | 272,500 | 0.09 | % | 510 | 359,800 | 0.10 | % | 740 | 632,300 | 0.10 | % | 1,250 | 78 | % | 651,000 | 0.10 | % | 1,340 | |||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 325,700 | 0.11 | % | 740 | 608,700 | 0.18 | % | 2,140 | 934,400 | 0.15 | % | 2,880 | 77 | % | 1,045,700 | 0.13 | % | 2,670 | |||||||||||||||||
| (1) | See footnote (1) to the Gold Reserves table above. Copper reserves for 2018 and 2017 were calculated at a copper price of $2.50 or A$3.35 per pound. | |
| (2) | 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. Pounds may not recalculate as they are rounded to the nearest 10 million. | |
| (4) | Copper cut-off grade varies with level of gold and silver credits. | |
| (5) | Copper cut-off grade varies with level of gold and silver credits. | |
| (6) | Copper cut-off grade varies with level of gold credits. | |
| (7) | 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. | |
| Attributable Copper Reserves (1) Metric Units | |||||||||||||||||||||||||||||||||||
|
| December 31, 2018 | December 31, 2017 | |||||||||||||||||||||||||||||||||
| 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) | |||||||||||||||||||||
| North America | |||||||||||||||||||||||||||||||||||
| Phoenix, Nevada | 100 | % | 48,200 | 0.21 | % | 100,000 | 172,300 | 0.17 | % | 300,000 | 220,500 | 0.18 | % | 400,000 | 64 | % | 358,000 | 0.17 | % | 600,000 | |||||||||||||||
| TOTAL NORTH AMERICA | 48,200 | 0.21 | % | 100,000 | 172,300 | 0.17 | % | 300,000 | 220,500 | 0.18 | % | 400,000 | 64 | % | 358,000 | 0.17 | % | 600,000 | |||||||||||||||||
| South America | |||||||||||||||||||||||||||||||||||
| Yanacocha Open Pits and Underground, Peru | 51.35 | % | — | — | 53,600 | 0.63 | % | 340,000 | 53,600 | 0.63 | % | 340,000 | 83 | % | — | — | |||||||||||||||||||
| TOTAL SOUTH AMERICA | — | — | 53,600 | 0.63 | % | 340,000 | 53,600 | 0.63 | % | 340,000 | 83 | % | — | — | |||||||||||||||||||||
| Australia | |||||||||||||||||||||||||||||||||||
| Boddington Open Pit, Western Australia | 100 | % | 240,400 | 0.09 | % | 230,000 | 240,300 | 0.11 | % | 260,000 | 480,700 | 0.10 | % | 490,000 | 79 | % | 495,900 | 0.11 | % | 530,000 | |||||||||||||||
| Boddington Stockpiles, Western Australia (7) | 100 | % | 6,900 | 0.08 | % | — | 86,100 | 0.08 | % | 70,000 | 93,000 | 0.08 | % | 70,000 | 73 | % | 94,900 | 0.09 | % | 80,000 | |||||||||||||||
| TOTAL AUSTRALIA | 247,300 | 0.09 | % | 230,000 | 326,400 | 0.10 | % | 330,000 | 573,700 | 0.10 | % | 560,000 | 78 | % | 590,800 | 0.10 | % | 610,000 | |||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 295,500 | 0.11 | % | 330,000 | 552,300 | 0.18 | % | 970,000 | 847,800 | 0.15 | % | 1,300,000 | 77 | % | 948,800 | 0.13 | % | 1,210,000 | |||||||||||||||||
See footnotes under Copper Reserves U.S. units table.
| Attributable Copper Mineral Resources (1)(2) - December 31, 2018, U.S. Units | ||||||||||||||||||||||||||||||||
| Measured Resources | Indicated Resources | Measured and Indicated Resource | Inferred Resource | |||||||||||||||||||||||||||||
| Newmont | Tonnage | Grade | Copper | Tonnage | Grade | Copper | Tonnage | Grade | Copper | Tonnage | Grade | Copper | ||||||||||||||||||||
| Deposits/Districts | Share | (x1000 tons) | (Cu%) | (million Pounds) | (x1000 tons) | (Cu%) | (million Pounds) | (x1000 tons) | (Cu%) | (million Pounds) | (x1000 tons) | (Cu%) | (million Pounds) | |||||||||||||||||||
| North America | ||||||||||||||||||||||||||||||||
| Phoenix, Nevada | 100 | % | 26,600 | 0.16 | % | 80 | 169,600 | 0.14 | % | 470 | 196,200 | 0.14 | % | 550 | 27,000 | 0.15 | % | 80 | ||||||||||||||
| Galore Creek, Canada | 50 | % | 141,500 | 0.72 | % | 2,030 | 466,800 | 0.39 | % | 3,630 | 608,300 | 0.47 | % | 5,660 | 109,200 | 0.27 | % | 590 | ||||||||||||||
| TOTAL NORTH AMERICA | 168,100 | 0.63 | % | 2,110 | 636,400 | 0.32 | % | 4,100 | 804,500 | 0.39 | % | 6,210 | 136,200 | 0.25 | % | 670 | ||||||||||||||||
| South America | ||||||||||||||||||||||||||||||||
| Conga, Peru | 51.35 | % | — | — | 392,700 | 0.26 | % | 2,040 | 392,700 | 0.26 | % | 2,040 | 130,500 | 0.19 | % | 500 | ||||||||||||||||
| Yanacocha, Peru | 51.35 | % | — | — | 2,200 | 0.12 | % | — | 2,200 | 0.12 | % | — | 6,700 | 0.22 | % | 30 | ||||||||||||||||
| TOTAL SOUTH AMERICA | — | — | 394,900 | 0.26 | % | 2,040 | 394,900 | 0.26 | % | 2,040 | 137,200 | 0.19 | % | 530 | ||||||||||||||||||
| Australia | ||||||||||||||||||||||||||||||||
| Boddington, Western Australia | 100 | % | 104,900 | 0.11 | % | 230 | 279,700 | 0.12 | % | 670 | 384,600 | 0.12 | % | 900 | 5,700 | 0.09 | % | 10 | ||||||||||||||
| TOTAL AUSTRALIA | 104,900 | 0.11 | % | 230 | 279,700 | 0.12 | % | 670 | 384,600 | 0.12 | % | 900 | 5,700 | 0.09 | % | 10 | ||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 273,000 | 0.43 | % | 2,340 | 1,311,000 | 0.26 | % | 6,810 | 1,584,000 | 0.29 | % | 9,150 | 279,100 | 0.22 | % | 1,210 | ||||||||||||||||
| (1) | Resources are reported exclusive of reserves. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s Form 10-K filing. | |
| (2) | Resources are calculated at a copper price of $3.25 or A$4.00 per pound for 2018 and 2017. Tonnage amounts have been rounded to the nearest 100,000. Pounds may not recalculate as they have been rounded to the nearest 10 million. | |
| Attributable Copper Mineral Resources (1)(2) - December 31, 2018, Metric Units | ||||||||||||||||||||||||||||||||
| Measured Resources | Indicated Resources | Measured and Indicated Resource | Inferred Resource | |||||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||||
| Phoenix, Nevada | 100 | % | 24,200 | 0.16 | % | 40,000 | 153,900 | 0.14 | % | 210,000 | 178,100 | 0.14 | % | 250,000 | 24,500 | 0.15 | % | 30,000 | ||||||||||||||
| Galore Creek, Canada | 50 | % | 128,400 | 0.72 | % | 920,000 | 423,400 | 0.39 | % | 1,640,000 | 551,800 | 0.47 | % | 2,560,000 | 99,100 | 0.27 | % | 260,000 | ||||||||||||||
| TOTAL NORTH AMERICA | 152,600 | 0.63 | % | 960,000 | 577,300 | 0.32 | % | 1,850,000 | 729,900 | 0.39 | % | 2,810,000 | 123,600 | 0.25 | % | 290,000 | ||||||||||||||||
| South America | ||||||||||||||||||||||||||||||||
| Conga, Peru | 51.35 | % | — | — | 356,300 | 0.26 | % | 930,000 | 356,300 | 0.26 | % | 930,000 | 118,400 | 0.19 | % | 220,000 | ||||||||||||||||
| Yanacocha, Peru | 51.35 | % | — | — | 1,900 | 0.12 | % | — | 1,900 | 0.12 | % | — | 6,100 | 0.22 | % | 10,000 | ||||||||||||||||
| TOTAL SOUTH AMERICA | — | — | 358,200 | 0.26 | % | 930,000 | 358,200 | 0.26 | % | 930,000 | 124,500 | 0.19 | % | 230,000 | ||||||||||||||||||
| Australia | ||||||||||||||||||||||||||||||||
| Boddington, Western Australia | 100 | % | 95,200 | 0.11 | % | 100,000 | 253,800 | 0.12 | % | 300,000 | 349,000 | 0.12 | % | 400,000 | 5,100 | 0.09 | % | — | ||||||||||||||
| TOTAL AUSTRALIA | 95,200 | 0.11 | % | 100,000 | 253,800 | 0.12 | % | 300,000 | 349,000 | 0.12 | % | 400,000 | 5,100 | 0.09 | % | — | ||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 247,800 | 0.43 | % | 1,060,000 | 1,189,300 | 0.26 | % | 3,080,000 | 1,437,100 | 0.29 | % | 4,140,000 | 253,200 | 0.22 | % | 520,000 | ||||||||||||||||
See footnotes under Copper Resources U.S. units table.
| Attributable Proven, Probable and Combined Silver Reserves (1) U.S. Units | |||||||||||||||||||||||||||||
|
| December 31, 2018 | December 31, 2017 | |||||||||||||||||||||||||||
| 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 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | Recovery (3) | (x1000 tons) | (oz/ton) | (x1000 ozs) | |||||||||||||||
| North America | |||||||||||||||||||||||||||||
| Phoenix, Nevada | 100% | 13,200 | 0.25 | 3,360 | 133,200 | 0.21 | 28,550 | 146,400 | 0.22 | 31,910 | 38% | 249,900 | 0.24 | 60,880 | |||||||||||||||
| TOTAL NORTH AMERICA | 13,200 | 0.25 | 3,360 | 133,200 | 0.21 | 28,550 | 146,400 | 0.22 | 31,910 | 38% | 249,900 | 0.24 | 60,880 | ||||||||||||||||
| South America | |||||||||||||||||||||||||||||
| Yanacocha Open Pits and Underground, Peru | 51.35% | 7,500 | 0.23 | 1,710 | 65,900 | 0.52 | 34,110 | 73,400 | 0.49 | 35,820 | 46% | 36,600 | 0.21 | 7,590 | |||||||||||||||
| Yanacocha Stockpiles, Peru (4) | 51.35% | 2,400 | 1.09 | 2,490 | 1,600 | 1.22 | 2,020 | 4,000 | 1.14 | 4,510 | 48% | 5,100 | 1.13 | 5,840 | |||||||||||||||
| Yanacocha Leach Pads, Peru (5) | 51.35% | — | — | 54,600 | 0.25 | 13,460 | 54,600 | 0.25 | 13,460 | 6% | 55,000 | 0.25 | 13,570 | ||||||||||||||||
| TOTAL SOUTH AMERICA (6) | 9,900 | 0.43 | 4,200 | 122,100 | 0.41 | 49,590 | 132,000 | 0.41 | 53,790 | 36% | 96,700 | 0.28 | 27,000 | ||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 23,100 | 0.33 | 7,560 | 255,300 | 0.31 | 78,140 | 278,400 | 0.31 | 85,700 | 36% | 346,600 | 0.25 | 87,880 | ||||||||||||||||
| (1) | See footnote (1) to the Gold Reserves table above. Silver reserves for 2018 and 2017 were calculated at a silver price of $16. | |
| (2) | 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. | |
| (4) | 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. | |
| (5) | 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. | |
| (6) | See footnote (23) to the Gold Reserves table above. | |
| Attributable Proven, Probable and Combined Silver Reserves (1) Metric Units | |||||||||||||||||||||||||||||||
|
| December 31, 2018 | December 31, 2017 | |||||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||||||
| Phoenix, Nevada | 100 | % | 12,000 | 8.7 | 3,360 | 120,800 | 7.4 | 28,550 | 132,800 | 7.5 | 31,910 | 38 | % | 226,600 | 8.4 | 60,880 | |||||||||||||||
| TOTAL NORTH AMERICA | 12,000 | 8.7 | 3,360 | 120,800 | 7.4 | 28,550 | 132,800 | 7.5 | 31,910 | 38 | % | 226,600 | 8.4 | 60,880 | |||||||||||||||||
| South America | |||||||||||||||||||||||||||||||
| Yanacocha Open Pits and Underground, Peru | 51.35 | % | 6,700 | 7.8 | 1,710 | 59,900 | 17.7 | 34,110 | 66,600 | 16.7 | 35,820 | 46 | % | 33,000 | 7.1 | 7,590 | |||||||||||||||
| Yanacocha Stockpiles, Peru (4) | 51.35 | % | 2,100 | 37.3 | 2,490 | 1,500 | 42.0 | 2,020 | 3,600 | 39.2 | 4,510 | 48 | % | 4,700 | 38.9 | 5,840 | |||||||||||||||
| Yanacocha Leach Pads, Peru (5) | 51.35 | % | — | — | 49,600 | 8.5 | 13,460 | 49,600 | 8.5 | 13,460 | 6 | % | 49,800 | 8.5 | 13,570 | ||||||||||||||||
| TOTAL SOUTH AMERICA (6) | 8,800 | 14.7 | 4,200 | 111,000 | 13.9 | 49,590 | 119,800 | 14.0 | 53,790 | 36 | % | 87,500 | 9.6 | 27,000 | |||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 20,800 | 11.2 | 7,560 | 231,800 | 10.5 | 78,140 | 252,600 | 10.6 | 85,700 | 36 | % | 314,100 | 8.7 | 87,880 | |||||||||||||||||
See Footnotes under Silver Reserves U.S. units table.
| Attributable Silver Mineral Resources (1)(2) - December 31, 2018, U.S. Units | ||||||||||||||||||||||||||||
| Measured Resources | Indicated Resources | Measured and Indicated Resource | Inferred Resource | |||||||||||||||||||||||||
| Newmont | Tonnage | Grade | Silver | Tonnage | Grade | Silver | Tonnage | Grade | Silver | Tonnage | Grade | Silver | ||||||||||||||||
| Deposits/Districts | Share | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | (x1000 tons) | (oz/ton) | (x1000 ozs) | |||||||||||||||
| North America | ||||||||||||||||||||||||||||
| Sandman, Nevada | 100 | % | — | — | 1,300 | 0.20 | 260 | 1,300 | 0.20 | 260 | 1,100 | 0.12 | 140 | |||||||||||||||
| Phoenix, Nevada | 100 | % | 7,000 | 0.20 | 1,400 | 106,700 | 0.19 | 19,750 | 113,700 | 0.19 | 21,150 | 16,100 | 0.18 | 2,960 | ||||||||||||||
| Galore Creek, Canada | 50 | % | 141,500 | 0.17 | 23,900 | 466,800 | 0.11 | 51,020 | 608,300 | 0.12 | 74,920 | 109,200 | 0.08 | 8,440 | ||||||||||||||
| TOTAL NORTH AMERICA | 148,500 | 0.17 | 25,300 | 574,800 | 0.12 | 71,030 | 723,300 | 0.13 | 96,330 | 126,400 | 0.09 | 11,540 | ||||||||||||||||
| South America | ||||||||||||||||||||||||||||
| Conga, Peru | 51.35 | % | — | — | 392,700 | 0.06 | 23,580 | 392,700 | 0.06 | 23,580 | 99,100 | 0.03 | 3,250 | |||||||||||||||
| Yanacocha Open Pits and Stockpiles | 51.35 | % | 6,100 | 0.14 | 840 | 10,500 | 0.36 | 3,750 | 16,600 | 0.28 | 4,590 | 4,800 | 0.83 | 3,990 | ||||||||||||||
| Yanacocha Underground | 51.35 | % | — | — | 2,200 | 1.48 | 3,240 | 2,200 | 1.48 | 3,240 | 4,500 | 0.56 | 2,500 | |||||||||||||||
| Total Yanacocha, Peru | 6,100 | 0.14 | 840 | 12,700 | 0.55 | 6,990 | 18,800 | 0.42 | 7,830 | 9,300 | 0.70 | 6,490 | ||||||||||||||||
| TOTAL SOUTH AMERICA | 6,100 | 0.14 | 840 | 405,400 | 0.08 | 30,570 | 411,500 | 0.08 | 31,410 | 108,400 | 0.09 | 9,740 | ||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 154,600 | 0.17 | 26,140 | 980,200 | 0.10 | 101,600 | 1,134,800 | 0.11 | 127,740 | 234,800 | 0.09 | 21,280 | ||||||||||||||||
| (1) | Resources are reported exclusive of reserves. Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont’s Form 10-K filing. | |
| (2) | Resource for 2018 and 2017 was calculated at a silver price of $20 per ounce. Tonnage amounts have been rounded to the nearest 100,000. | |
| Attributable Silver Mineral Resources (1)(2) - December 31, 2018, Metric Units | ||||||||||||||||||||||||||||
| Measured Resources | Indicated Resources | Measured and Indicated Resource | Inferred Resource | |||||||||||||||||||||||||
| Newmont | Tonnage | Grade | Silver | Tonnage | Grade | Silver | Tonnage | Grade | Silver | Tonnage | Grade | Silver | ||||||||||||||||
| Deposits/Districts | 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 | ||||||||||||||||||||||||||||
| Sandman, Nevada | 100 | % | — | — | 1,200 | 6.8 | 260 | 1,200 | 6.8 | 260 | 1,100 | 4.1 | 140 | |||||||||||||||
| Phoenix, Nevada | 100 | % | 6,400 | 6.8 | 1,400 | 96,800 | 6.3 | 19,750 | 103,200 | 6.4 | 21,150 | 14,500 | 6.3 | 2,960 | ||||||||||||||
| Galore Creek, Canada | 50 | % | 128,400 | 5.8 | 23,900 | 423,400 | 3.7 | 51,020 | 551,800 | 4.2 | 74,920 | 99,100 | 2.6 | 8,440 | ||||||||||||||
| TOTAL NORTH AMERICA | 134,800 | 5.8 | 25,300 | 521,400 | 4.2 | 71,030 | 656,200 | 4.6 | 96,330 | 114,700 | 3.1 | 11,540 | ||||||||||||||||
| South America | ||||||||||||||||||||||||||||
| Conga, Peru | 51.35 | % | — | — | 356,300 | 2.1 | 23,580 | 356,300 | 2.1 | 23,580 | 89,900 | 1.1 | 3,250 | |||||||||||||||
| Yanacocha Open Pits and Stockpiles | 51.35 | % | 5,500 | 4.7 | 840 | 9,400 | 12.3 | 3,750 | 14,900 | 9.5 | 4,590 | 4,300 | 28.5 | 3,990 | ||||||||||||||
| Yanacocha Underground | 51.35 | % | — | — | 1,900 | 50.9 | 3,240 | 1,900 | 50.9 | 3,240 | 4,100 | 19.1 | 2,500 | |||||||||||||||
| Total Yanacocha, Peru | 5,500 | 4.7 | 840 | 11,300 | 19.2 | 6,990 | 16,800 | 14.5 | 7,830 | 8,400 | 24.0 | 6,490 | ||||||||||||||||
| TOTAL SOUTH AMERICA | 5,500 | 4.7 | 840 | 367,600 | 2.6 | 30,570 | 373,100 | 2.6 | 31,410 | 98,300 | 3.1 | 9,740 | ||||||||||||||||
| TOTAL NEWMONT WORLDWIDE | 140,300 | 5.8 | 26,140 | 889,000 | 3.6 | 101,600 | 1,029,300 | 3.9 | 127,740 | 213,000 | 3.1 | 21,280 | ||||||||||||||||
See Footnotes under Silver Resources U.S. units table.
About Newmont
Newmont is a leading gold and copper producer. The Company’s operations are primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015, 2016, 2017 and 2018. The Company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement regarding Reserves and Resources:
The “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 computed from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are computed 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 computed 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 or silver attributable to Newmont’s ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term “cut-off 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 or silver 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. See the Company’s Annual Report for the “Proven and Probable Reserve” and “Mineralized Material” tables prepared in compliance with the SEC’s Industry Guide 7, available at www.newmont.com and on www.sec.gov. Investors are reminded that the tables presented in the Annual Report are estimates as of December 31, 2018 and were presented on an attributable basis reflecting the Company’s ownership interest at such time.
Cautionary Statement Regarding Forward Looking Statements:
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of future exploration expenditures and activities. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by the “forward-looking statements”. For a discussion of such risks relating to our business and other factors, see the Company’s Form 10-K, filed on February 21, 2019, with the Securities and Exchange Commission under the headings “Risk Factors” and “Forward-Looking Statements.” 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.
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Contact
Newmont Mining Corporation
Investor Contact
Jessica Largent, 303-837-5484
jessica.largent@newmont.com
Media Contact
Omar Jabara, 303-837-5114
omar.jabara@newmont.com