sector: Basic Materials ·
industry: Precious Metals & Minerals ·
As of
1:07am IST
53.13USD
Newmont Mining Corporation (Newmont) is primarily a gold producer with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. As of December 31, 2008, Newmont had proven and probable gold reserves of 85 million equity ounces and an aggregate land position of approximately 38,840 square miles (100,600 square kilometers). Newmont is also engaged in the production of copper, principally through its Batu Hijau operation in Indonesia. The Company has operating segments of Nevada, Yanacocha in Peru, Australia/New Zealand, Batu Hijau in Indonesia, Africa and Other Operations comprising smaller operations in Bolivia and Mexico. It also has Hope Bay segment in Canada. As of December 31, 2008, the Company had proven and probable gold reserves of 85 million equity ounces. During the year ended December 31, 2008, the Company acquired the remaining interest in Miramar Mining Corporation.
BRIEF: For the nine months ended 30 September 2009, Newmont Mining Corporation's revenues increased 8% to $5.19BB. Net income from continuing operation decreased 8% to $748M. Revenues reflect increased in gold & copper sales volume, higher realization of gold price and copper price & lower cost. Net income was offset by heigher general and administrative expense, an increase in other expense and higher realized gold price.
Newmont Mining Corporation
1700 Lincoln Street
Denver CO 80203
P: +1303.8637414
F: +1303.8375837