An Industry Leader
As of December 31, 2008, Newmont had proven and probable gold reserves of 85.0 million equity ounces and an aggregate land position of approximately 38,840 square miles (100,600 square kilometers).
Key Facts
Incorporated: 1921
Headquarters: Denver, Colorado
President and CEO: Richard T. O’Brien
New York Stock Exchange (NYSE): NEM
Work force: Approximately 31,000 employees and contractors
Number of countries in which we operate: Eight (U.S., Mexico, Peru, Bolivia, Australia, New Zealand, Indonesia and Ghana)
Land position: Approximately 38,840 square miles (100,600 square kilometers)
2009 Highlights:
- Record revenues of $7.7 billion, up 26% from 2008;
- Equity gold sales of 5.3 million ounces and equity copper sales of 226 million pounds;
- Equity gold sales and costs applicable to sales in line with original 2009 outlook;
- Record net cash from continuing operations of $2.9 billion, up 109% from 2008;
- Gold operating margin(1) increased 28% from 2008 on a gold price increase of 12%;
- $22.3 billion in total assets;
- Acquired the remaining 33.3% interest in Boddington;
- Raised $1.7 billion of equity and convertible debt to fund the Boddington acquisition;
- Commercial production was achieved at Boddington Gold, which will be Australia's largest gold mine at full production;
- Included in the Dow Jones Sustainability World Index for the third year in a row; and
- Completed our Community Relationships Review, which has been instrumental in improving and implementing global standards and policies to further more sustainable relationships with host communities.
(1)"Gold operating margin" defined as average realized price per ounce less costs applicable to sales per ounce, excluding amortization and accretion per ounce.
Core Commodities
Gold (as of year-end 2009)
- 91.8 million equity ounces of proven and probable gold reserves.
- Consolidated sales of 6.5 million ounces of gold (5.3 million equity ounces).
Copper (as of year-end 2009)
- 9.1 billion equity pounds of proven and probable copper reserves.
- Consolidated sales of 507 million pounds of copper (226 million equity pounds).
Vision, Mission and Values
In 2009, Newmont enhanced its Mission, Vision and Values to provide clarity and help us successfully grow our business:
Vision: We will be the most valued and respected mining company through industry leading performance.
Mission: We will build a sustainable mining business that delivers top quartile shareholder returns while leading in safety, environmental stewardship and social responsibility.
Values:
- Act with integrity, trust and respect.
- Reward creativity, a determination to excel and a commitment to action.
- Demonstrate leadership in safety, stewardship of the environment and social responsibility.
- Develop our people in pursuit of excellence.
- Insist on and demonstrate teamwork, as well as honest and transparent communication.
- Promote positive change by encouraging innovation and applying agreed upon practices.