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Newmont Announces Increased 2022 Mineral Reserves of 96 Million Gold Ounces and 68 Million Gold Equivalent Ounces
DENVER / Feb 23, 2023 / Business Wire / Newmont Corporation (NYSE: NEM, TSX: NGT) reported higher gold Mineral Reserves ("reserves") of 96.1 million
About this update from Newmont Corporation
[{"type":"text","content":"DENVER / Feb 23, 2023 / Business Wire / Newmont Corporation (NYSE: NEM, TSX: NGT) reported higher gold Mineral Reserves (\"reserves\") of 96.1 million attributable ounces for 2022 compared to the Company’s 92.8 million ounces at the end of 2021. Newmont has significant upside to other metals, including more than 15 billion pounds of copper reserves and nearly 600 million ounces of silver reserves. \"In 2022, Newmont replaced depletion and grew reserves by nearly 4 percent as we continued to focus on extending mine life, developing districts and discovering new opportunities in the most favorable mining jurisdictions. Our diverse, global portfolio of operations and projects delivers steady production for at least the next decade, leading the industry with approximately six million gold ounces per year. Supported by the most extensive exploration program in the industry, our team is actively building a profitable and resilient production pipeline for the next several decades.\" - Tom Palmer, President and Chief Executive Officer 2022 RESERVES & RESOURCES HIGHLIGHTS Robust gold reserves of 96.1 million ounces Over 90 percent of gold reserves in top-tier jurisdictions Addition of 8.6 million ounces in 2022 primarily due to 4.4 million attributable ounces from additions at Pueblo Viejo and 2.8 million from exploration at Newmont's managed operations; further improved by 3.1 million ounces from Newmont's increase in ownership of Yanacocha to 100 percent in 2022 Underpinned by a strong base of operating sites with gold reserve life of 10 years or more, including Boddington, Tanami, Ahafo, Peñasquito, Cerro Negro, Merian, Pueblo Viejo and Nevada Gold Mines (NGM), and further enhanced by our six other managed mines and organic project pipeline Significant gold reserves per share with 120 ounces per 1,000 shares Measured & Indicated Gold Mineral Resources of 75.3 million ounces and Inferred Resources of 36.1 million ounces Significant exposure to copper with 15.7 billion pounds in reserves, 17.9 billion pounds in Measured & Indicated resources and 8.6 billion pounds in Inferred resources Additional exposure to other metals including silver, lead and zinc PERCENTAGE OF GOLD RESERVES BY JURISDICTION1 Newmont’s reserve base is a key differentiator with over 90 percent of gold reserves located in top-tier jurisdictions, an average...