Newmont boasts world’s largest gold reserve base

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) reported gold Mineral Reserves (reserves) of 100.2 million attributable ounces for 2019 compared to 65.4 million ounces at the end of 2018, an increase of 53 percent after successfully completing two historic transactions and through ongoing exploration success.

Percentage of Newmont’s Gold Reserves by Jurisdiction (North America includes Nevada). Source: Newmont.

In 2019, Newmont added almost 50 million ounces of gold reserves through the acquisition of Goldcorp, formation of the Nevada Gold Mines joint venture and the continuation of its leading exploration program. “Our reserve and resource base will support stable production of more than 6 million ounces per annum for decades to come,” said Tom Palmer, President and Chief Executive Officer.

(Visited 30 times, 1 visits today)

Leave a Reply

error: Content is protected !!
Copy link