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Newmont Mining Corp.
Summary
| Project: | Carlin | |
|---|---|---|
| Deposit: | Carlin | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/21/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-2-2018: Newmont Mining Corp. announces a Resource Estimation report for its Carlin deposit at the Carlin project. Annual statement of mineral resources and ore reserves. DENVER, February 21, 2018 – Newmont Mining Corporation (NYSE: NEM) (Newmont or the | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | DENVER, February 21, 2018 – Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) reported gold reserves of 68.5 million attributable ounces for 2017, unchanged from 2016 as additions and revisions fully replaced depletion at a constant gold price, and increased gold resources1 to 48.2 million ounces. The Company added 6.4 million ounces of gold reserves, 4.4 million ounces through exploration and projects and 2.0 million ounces through revisions and acquisitions. Newmont reported 5.3 million ounces of attributable mine production in 2017 resulting in 6.4 million contained ounces of reserve depletion. Notable additions and revisions for the year include 1.8 million ounces at Boddington, 0.8 million ounces each at Carlin Underground and Cripple Creek & Victor, 0.7 million equity ounces at Turquoise Ridge, 0.6 million ounces at Ahafo Open Pits and 0.4 million ounces at Tanami. These improvements demonstrate a strengthened reserve base across the portfolio. Gold reserve grades decreased five percent to 1.14 grams per tonne compared to 1.20 grams per tonne in the prior year, largely due to the conversion of lower grade ounces at Boddington and Cripple Creek & Victor. Gold resources increased to 48.2 million ounces, up one percent from the prior year and offsetting the conversion of resource ounces to reserves. The Company added 6.9 million ounces of gold resource through exploration and studies at a constant gold price and 0.7 million ounces through acquisitions which more than offset the conversion of 7.2 million ounces to reserves. | |
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