Newmont Announces First Quarter 2022 Results; Remains on Track to Achieve Full-Year Guidance Ranges

About this update from Newmont Corporation

[{"type":"text","content":"DENVER / Apr 22, 2022 / Business Wire / Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced first quarter 2022 results. FIRST QUARTER 2022 HIGHLIGHTS Produced 1.34 million attributable ounces of gold and 350 thousand attributable gold equivalent ounces from co-products Reported gold CAS* of $890 per ounce and AISC* of $1,156 per ounce Remain on track to achieve full-year guidance ranges; full-year results continue to be back-half weighted** Generated $689 million of cash from continuing operations and $252 million of Free Cash Flow* Declared first quarter dividend of $0.55 per share, consistent with the previous quarter; $1 billion share repurchase program to be used opportunistically in 2022, with $475 million remaining*** Ended the quarter with $4.3 billion of consolidated cash and $7.3 billion of liquidity with a net debt to adjusted EBITDA ratio of 0.3x* Credit rating upgraded by S&P Global Ratings to BBB+ from BBB with a stable outlook Advancing profitable near-term projects, including Tanami Expansion 2, Ahafo North and Yanacocha Sulfides Executed on strategy to consolidate ownership in prolific mining districts with acquisition of Yanacocha's minority interest stake; increasing ownership in Sulfides project to 100 percent through acquisition of Buenaventura's 43.65% interest and Sumitomo Corporation's 5% interest**** Published 18th Annual Sustainability report, a transparent review of Environmental, Social and Governance (ESG) performance Committed $5 million contribution to support humanitarian efforts in Ukraine Ranked eleventh on Fortune's Modern Board 25, a list of the most innovative boards of directors among S&P 500 companies; recognized for gender equality, nationality dispersion and board independence \"Newmont delivered a solid first quarter performance with $1.4 billion in adjusted EBITDA as we safely managed through the Omicron surge. The strength of our proven operating model and global portfolio in the world's best mining jurisdictions is the foundation of Newmont's clear and consistent strategy to create value and improve lives through sustainable and responsible mining. In April, we published our 18th Annual Sustainability Report, which provides a transparent look at our ESG performance and the issues and metrics that matter most to our stakeholders. As a values-based ...

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