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Newmont Announces Preliminary Third Quarter Attributable Gold And Copper Production And Sales

Newmont Mining Corporation (NYSE: NEM) (“Newmont” or the “Company”) today reported preliminary third quarter attributable gold and copper production of 1.283 million ounces and 34 million pounds, respectively. Preliminary attributable gold and copper sales were 1.263 million ounces and 35 million pounds, respectively. Third quarter production was positively impacted by increased mill throughput in Nevada and higher grades and increased mining productivity as a result of efficiency improvements at Tanami in Australia.

The Company continues to expect full year 2013 attributable gold production of 4.8 – 5.1 million ounces and has revised its attributable copper production outlook to 135 – 145 million pounds from 150 – 170 million pounds. Gold production is expected to benefit from increased mill throughput in Nevada and the commencement of commercial production from Akyem in the fourth quarter. Attributable copper production for the year has been revised due to lower than expected mill throughput at Boddington and lower than expected ore grade processed at Batu Hijau.

Q3 2013 Preliminary Operating Results

Attributable Production


Q3 2012 Attributable Production


Q2 2013 Attributable Production


Q3 2013 Attributable Production


% Change Q3 2013 vs


% Change Q3 2013 vs

Region   (Kozs, Mlbs)   (Kozs, Mlbs)   (Kozs, Mlbs)   Q3 2012   Q2 2013
Nevada a 457 383 468 2% 22%
La Herradura   51   54   52   2%   -4%
North America   508   437   520   2%   19%
Yanacocha 182 150 132 -27% -12%
La Zanja   14   17   17   21%   0%
South America   196   167   149   -24%   -11%
Boddington 166 171 178 7% 4%

Other Australia/New Zealand

  230   247   288   25%   17%

Australia/New Zealand

  396   418   466   18%   11%
Batu Hijau   8   6   4   -50%   -33%
Indonesia   8   6   4   -50%   -33%
Ahafo   131   139   144   10%   4%
Africa   131   139   144   10%   4%
Total Gold   1,239   1,167   1,283   4%   10%
Boddington 16 16 15 -6% -6%
Batu Hijau   19   18   19   0%   6%
Total Copper   35   34   34   -3%   0%

Stock quotes in this article: NEM 

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