HighGravityDataNewmont — Feb 20, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001164727-25-000008
Showing in the filing
Attributable Production seasonality
“48%”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 87
Total proceeds from non-core asset and other…
“up to $4.3 billion”
Cash expected to be delivered from non-core … for FY2025
“up to $2.5 billion”
Share repurchase program for FY2026
“$3.0 billion total share repurchase programs”
Attributable production for 2025 for FY2025
“approximately 5.9 million gold ounces”
Gold ounces from non-core assets held for sale for Q1 FY2025
“0.3 million gold ounces”
Gold ounces for the Total Tier 1 Portfolio for FY2025
“5.6 million gold ounces”
Gold AISC (Total Portfolio) for FY2025
“$1,630 per ounce”
Gold AISC for the Total Portfolio
“$1,630 per ounce”
Sustaining capital spend for the Total Tier … for FY2025
“approximately $1.8 billion”
Development capital spend for the Total Tier… for FY2025
“approximately $1.3 billion”
Dividend for Q4 FY2024
“$0.25 per share of common stock”
Consolidated adjusted effective tax rate rel… for FY2025
“34%”
Attributable Gold Production (Moz) - Non-Man… for FY2025
“1.4”
Attributable Gold Production (Moz) - Total T… for FY2025
“5.6”
Attributable Gold Production (Moz) - Non-Cor… for FY2025
“0.3”
Total Newmont Attributable Gold Production (… for FY2025
“5.9”
Gold CAS ($/oz) ** - Managed Tier 1 Portfolio for FY2025
“1,170”
Gold CAS ($/oz) ** - Non-Managed Tier 1 Port… for FY2025
“1,240”
Gold CAS ($/oz) ** - Total Tier 1 Portfolio for FY2025
“1,180”
Gold CAS ($/oz) ** - Non-Core Assets * for FY2025
“1,450”
Total Newmont Gold CAS ($/oz) ** for FY2025
“1,200”
Gold AISC ($/oz) ** - Managed Tier 1 Portfolio for FY2025
“1,630”
Gold AISC ($/oz) ** - Non-Managed Tier 1 Por… for FY2025
“1,555”
Gold AISC ($/oz) ** - Non-Core Assets * for FY2025
“1,830”
Total Newmont Gold AISC ($/oz) ** for FY2025
“1,630”
Gold CAS for Total Tier 1 Portfolio
“$1,180 per ounce”
Gold AISC from the Total Tier 1 Portfolio for FY2025
“$1,620 per ounce”
Gold AISC ($/oz) ** - Total Tier 1 Portfolio for FY2025
“1,620”
Cost escalation impact on unit costs for FY2025
“approximately 3 percent”
Sustaining Capital ($M) - Managed Tier 1 Por… for FY2025
“1,530”
Sustaining Capital ($M) - Non-Managed Tier 1… for FY2025
“270”
Sustaining Capital ($M) - Total Tier 1 Portf… for FY2025
“1,800”
Sustaining Capital ($M) - Non-Core Assets* for FY2025
“75”
Total Newmont Sustaining Capital ($M) for FY2025
“1,875”
Development Capital ($M) - Managed Tier 1 Po… for FY2025
“1,140”
Development Capital ($M) - Non-Managed Tier … for FY2025
“160”
Development Capital ($M) - Total Tier 1 Port… for FY2025
“1,300”
Development Capital ($M) - Non-Core Assets* for FY2025
“30”
Total Newmont Development Capital ($M) for FY2025
“1,330”
Attributable Production seasonality for FY2025
“48%”
Sustaining Capital seasonality for FY2025
“52%”
Development Capital seasonality for FY2025
“57%”
Attributable gold production for the Total T… for H1 FY2025
“approximately 48 percent”
Total Tier 1 Portfolio production in first q… for Q1 FY2025
“23 percent”
Copper Production (ktonne) for FY2025
“118”
Copper CAS ($/tonne) ** for FY2025
“$5,160”
Copper AISC ($/tonne) ** for FY2025
“$8,510”
Silver Production (Moz) for FY2025
“28”
Silver CAS ($/oz) ** for FY2025
“$11.50”
Silver AISC ($/oz) ** for FY2025
“$15.00”
Lead Production (ktonne) for FY2025
“90”
Lead CAS ($/tonne) ** for FY2025
“$1,080”
Lead AISC ($/tonne) ** for FY2025
“$1,290”
Zinc Production (ktonne) for FY2025
“236”
Zinc CAS ($/tonne) ** for FY2025
“$1,430”
Zinc AISC ($/tonne) ** for FY2025
“$1,890”
Investment in exploration and advanced proje… for FY2025
“approximately $525 million”
Exploration expense for FY2025
“$275 million”
Advanced project spending for FY2025
“approximately $250 million”
General & Administrative ($M) for FY2025
“$475”
Interest Expense ($M) for FY2025
“$300”
Depreciation & Amortization ($M) a for FY2025
“$2,600”
Reclamation and Remediation Accretion ($M) b for FY2025
“$475”
Attributable Gold Production (Moz) - Managed… for FY2025
“4.2”
General and administrative costs for FY2025
“$475 million”
Interest expense
“approximately $300 million”
Reclamation and remediation expense
“$475 million”
Proceeds from the sale of the Akyem operation for FY2025
“Up to $1.0 billion”
Proceeds from the sale of the Musselwhite op… for Q1 FY2025
“Up to $850 million”
Proceeds from the sale of the Éléonore opera… for Q1 FY2025
“$795 million”
Proceeds from the sale of the CC&V operation for Q1 FY2025
“Up to $275 million”
Proceeds from the sale of the Porcupine oper… for FY2025
“Up to $425 million”
Tanami Expansion 2 average annual gold produ… for FY2028–2032
“approximately 150,000 to 200,000 ounces per year”
Tanami Expansion 2 total capital costs
“between $1.7 and $1.8 billion”
Ahafo North production for FY2026
“between 275,000 and 325,000 ounces per year”
Ahafo North All-In Sustaining Costs for FY2026
“$800 to $900 per ounce”
Ahafo North total capital costs
“between $950 and $1,050 million”
PC2-3 production over cave life for FY2024
“1.0 million ounces of gold and more than 400 thousand tonnes of copper”
PC2-3 peak production for FY2027
“between 100 and 150 thousand ounces of gold per year, and between 40 and 60 thousand tonnes of copper per year”
PC2-3 total capital costs
“between $1.0 and $1.2 billion”
PC2-3 development capital spend by Newmont
“between $150 to $250 million”
Panel Cave 1-2 (PC1-2) gold production for FY2027
“4.0 million ounces of gold”
PC1-2 production over cave life for FY2027
“4.0 million ounces of gold and more than 700 thousand tonnes of copper”
Panel Cave 1-2 (PC1-2) copper production for FY2027
“more than 700 thousand tonnes of copper”
Panel Cave 1-2 (PC1-2) peak gold production … for FY2030
“between 275 and 325 thousand ounces of gold per year”
PC1-2 peak production for FY2030
“between 275 and 325 thousand ounces of gold per year, and between 35 and 55 thousand tonnes of copper per year”
Panel Cave 1-2 (PC1-2) peak copper productio… for FY2030
“between 35 and 55 thousand tonnes of copper per year”
Exhibit 99.1 · the passage around this item
… earlier in the release
Development capital estimates exclude contributions to support Newmont’s 40 percent interest in the Pueblo Viejo expansion, which is accounted for as an equity method investment. 2025 GOLD PRODUCTION AND CAPITAL SEASONALITY GUIDANCE AND FIRST QUARTER COMMENTARY Total Tier 1 Portfolio* H1 2025E H2 2025E Attributable Production 48% 52% Sustaining Capital 52% 48% Development Capital 57% 43% * Total Tier 1 Portfolio includes the Managed Tier 1 Portfolio and the Non-Managed Tier 1 Portfolio and does not include non-core assets held for sale. H1/H2 Commentary: Attributable gold production for the Total Tier 1 Portfolio in 2025 is expected to be approximately 48 percent weighted to the first half of the year. The increase in production in the second half of the year is expected to be driven by the non-managed Nevada Gold Mines and Pueblo Viejo operations and the addition of Ahafo North to commercial production. Gold production weighting excludes non-core assets. Sustaining capital for the Total Tier 1 Portfolio is weighted toward the first half of 2025, primarily due to the timing of scheduled work on pit design and access roads for Phase 14a at Lihir in the first half and the Q2 start of warmer weather surface work at Red Chris and Brucejack in Northern Canada. Development capital for the Total Tier 1 Portfolio is heavily weighted to the first half of 2025 driven primarily by work at Ahafo North as the project moves toward commercial production. First Quarter Commentary: The first quarter of 2025 is expected to
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.