Newmont Announces Adjusted 2015 Net Income of $507 Million

Newmont Mining Corp. (NYSE:NEM) released its operating and financial results for 2015, commenting that it brought in adjusted net income of $507 million, or $0.98 per share. Meanwhile, GAAP net income attributable to shareholders from continuing operations came in at $193 million, or $0.38 per share.
Other highlights are as follows:

• EBITDA: Increased consolidated adjusted EBITDA2 by 29% over 2014 to $2.7 billion
• Consolidated cash flow: More than doubled free cash flow3 to $756 million and generated cash from continuing operations of $2.2 billion
• Gold all-in sustaining costs (AISC)4 : Lowered gold AISC 10% to $898 per ounce, ending the year within guidance
• Gold costs applicable to sales (CAS): Lowered gold CAS 10% to $633 per ounce, ending the year within guidance
• Attributable production: Delivered 5.04 million ounces of attributable gold production, ending the year within guidance
• Portfolio Optimization: Completed the Turf Vent Shaft, progressed Merian, Long Canyon and the Tanami Expansion Project on time and on budget, and acquired Cripple Creek & Victor
• Outlook: Provided long-term production and cost outlook, including profitable gold production of between 4.5 and 5.0 million ounces at AISC below $1,000 per ounce

The company also reported gold reserves of 73.7 million ounces and copper reserves of 5.7 billion pounds for 2015.
Click here to read more about Newmont’s 2015 results.
Click here to read more about the company’s reserves and resources.