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Mining News February 25, 2022 09:20:35 PM

Newmont Corporation Hit Revised Gold Output Guidance in 2021

Paul Ploumis
ScrapMonster Author
Newmont ended the year with $5.0 billion of consolidated cash and $8.0 billion of liquidity.

Newmont Corporation Hit Revised Gold Output Guidance in 2021

SEATTLE (Scrap Monster): Newmont Corporation announced strong full-year and fourth quarter 2021 results, meeting updated full-year gold production guidance.

The company produced 5.971 million attributable ounces of gold and 1.3 million attributable gold equivalent ounces of co-products. The attributable gold production for Q4 remained flat at 1.618 million ounces. The gold CAS recorded 5% surge over the prior year to $4.6 billion. Gold CAS per ounce was up by 4% to $785 per ounce. Also, gold AISC increased by 2% to $1,062 per ounce.

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Newmont ended the year with $5.0 billion of consolidated cash and $8.0 billion of liquidity. It declared dividend of $0.55 per share for a total declared dividend for 2021 of $2.20 per share. In its five-year outlook, the company guided for 6.2-6.8 million ounces of gold production in 2026.

Commenting on the robust results, Tom Palmer, President and CEO, Newmont Corporation noted that the company continued to maintain its position as the world's leading gold company with the strongest portfolio of operations and projects in top-tier jurisdictions. It is committed to creating long-term value for all of our stakeholders through its clear strategic focus, superior operational performance and unwavering commitment to leading ESG practices, he added.

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