Newmont Reports 2020 Mineral Reserves of 94 Million Gold Ounces Replacing 80 Percent of Depletion

 

  Newmont Corporation (NYSE: NEM, TSX: NGT) reported gold Mineral Reserves (reserves) of 94.2 million attributable ounces for 2020 as compared to the Company's adjusted 1 95.7 million ounces at the end of 2019. Newmont exceeded its 2020 conversion target by replacing 80 percent of all depletion and maintaining its industry-leading position with the largest gold reserves.

 

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 PERCENTAGE OF GOLD RESERVES BY JURISDICTION (North America includes 38.5 percent interest in Nevada Gold Mines; South America includes Newmont's 40 percent interest in Pueblo Viejo.)

PERCENTAGE OF GOLD RESERVES BY JURISDICTION (North America includes 38.5 percent interest in Nevada Gold Mines; South America includes Newmont's 40 percent interest in Pueblo Viejo.)

 
 

"As the world's leading gold company, Newmont has an exceptional history of exploration success and a track record of consistently delivering on our commitments," said Tom Palmer, President and Chief Executive Officer. "In 2020, we added 6 million ounces of gold reserves overcoming the challenges of an unprecedented year. Newmont's ability to replace reserves is underpinned by our disciplined operating model and world-class portfolio which will support stable production for decades to come."

 

  KEY HIGHLIGHTS AND DIFFERENTIATORS:  

 
  • Industry's largest gold Mineral Reserves of 94.2 million ounces
  •  
  • Over 90 percent of gold reserves in top-tier jurisdictions
  •  
  • Addition of 6 million ounces in 2020, approximately 5 million ounces added through drilling
  •  
  • Gold reserve life at operating sites of >10 years underpinned by a strong base at Boddington, Tanami, Ahafo, Yanacocha, Peñasquito, and Nevada Gold Mines (NGM), and further enhanced from our seven other operating mines and equity ownership in Pueblo Viejo
  •  
  • Significant gold reserves per share with 117 ounces per 1,000 shares, highest in the industry
  •  
  • Measured & Indicated gold Mineral Resources of 69.6 million ounces; Inferred of 31.6 million ounces
  •  
  • Significant exposure to copper with 6.9 million tonnes in reserves, 8.0 million tonnes in Measured & Indicated resources and 3.9 million tonnes in Inferred resources
  •  
  • Additional exposure to silver, zinc, and lead mainly at Peñasquito
  •  

  PERCENTAGE OF GOLD RESERVES BY JURISDICTION  

 

Newmont's reserve base is a key differentiator with over 90 percent of gold reserves located in top-tier jurisdictions, an operating reserve life of more than 10 years and average reserve grade of 1.03 grams per tonne. In addition, Newmont has substantial exposure to other metals, with nearly 65 million gold equivalent ounces 2 from copper, silver, zinc, lead and molybdenum.

 
                        
  PROVEN AND PROBABLE GOLD RESERVES 3  
  In millions of ounces  
  2019 Gold Reserves   

  95.7  

 
 

 

 
  Additions   

4.9

 
 

 

 
  Net Revisions   

1.1

 
 

 

 
  Depletion   

(7.5

 
 

)

 
  2020 Gold Reserves   

  94.2  

 
 

 

 
 

For 2020, Newmont reported 94.2 million ounces of gold Mineral Reserves slightly lower than prior year total of 95.7 million ounces after adjusting for the KCGM and Red Lake divestments. Depletion of 7.5 million ounces was largely replaced by additions before revisions of 4.9 million ounces and net revisions of 1.1 million ounces primarily from mine plan improvements.

 

Additions before revisions of 4.9 million ounces through exploration met the Company's target despite challenges created by the pandemic with travel restrictions and additional safety protocols. Notable reserve additions for the year from Newmont's operating sites included:

 
  • Ahafo added 0.8 million ounces primarily from drilling at Subika Underground
  •  
  • Tanami added 0.6 million ounces from additional drilling at Auron and Federation
  •  
  • Merian added 0.6 million equity ounces primarily through drilling at the Merian 2 Open Pit
  •  
  • Nevada Gold Mines added 0.8 million equity ounces and Pueblo Viejo added 0.7 million equity ounces
  •  

Favorable net revisions include 1.7 million ounces at Boddington due to the conversion of a layback in the North Open Pit from resource to reserve, partially offset by net negative revision at NGM of 0.4 million ounces and revisions at Ahafo, Cripple Creek & Victor (CC&V), and Musselwhite from mine model and design updates.

 

Newmont has continued to make progress at recently acquired sites, demonstrating the Company's ability to improve operational performance and position operations for future growth through its proven operating model and disciplined technical standards. Highlights from select sites in 2020 net of revisions included:

 
  • Éléonore replaced depletion with reserves of 1.3 million ounces, as a result of positive drilling results along with cost improvements from Newmont's Full Potential program
  •  
  • Porcupine more than offset depletion, with reserves of 3 million ounces largely due to progressing study work at the Pamour pit and nearly replacing depletion at the Borden Underground
  •  
  • Cerro Negro replaced depletion with reserves of 2.6 million ounces by advancing infill drilling at underground mines
  •  

Newmont's 38.5 percent interest in NGM represented 17.4 million equity ounces of gold reserves at year end, as compared to 18.6 million equity ounces at the end of 2019. PV represented 4.1 million equity ounces in gold reserves at year end as compared to 3.8 million equity ounces at the end of 2019, representing Newmont's 40 percent interest.

 

Gold reserve grade held constant at 1.03 grams per tonne compared to the prior year.

 
                                                            
 

  MEASURED & INDICATED GOLD RESOURCES 4  

 
  INFERRED GOLD RESOURCES 4  
  In millions of ounces    In millions of ounces  
  2019 Gold Resources   

  74.1  

 
 

 

 
  2019 Gold Resources   

  29.4  

 
 

 

 
  Additions   

3.4

 
 

 

 
  Additions   

3.5

 
 

 

 
  Acquisitions   

1.2

 
 

 

 
  Acquisitions   

0.3

 
 

 

 
  Net Revisions   

(1.8

 
 

)

 
  Net Revisions   

(0.2

 
 

)

 
  Conversions   

(7.3

 
 

)

 
  Conversions   

(1.4

 
 

)

 
  2020 Gold Resources   

  69.6  

 
 

 

 
  2020 Gold Resources   

  31.6  

 
 

 

 
 

In 2020, Newmont reported Measured and Indicated gold Mineral Resources of 69.6 million ounces as compared to 74.1 million ounces in the prior year. Inferred gold Mineral Resources totaled 31.6 million ounces as compared to 29.4 million ounces in 2019. The impact from the pandemic required Newmont to prioritize drilling programs in existing operations due to travel restrictions and impacted our ability to progress greenfield resources.

 

Measured and Indicated Gold Mineral Resources added through exploration programs were 3.4 million ounces and included notable additions before revisions at Yanacocha of 0.5 million equity ounces and 0.3 million ounces at Ahafo South, Porcupine and Éléonore. Additionally, NGM added 0.9 million equity ounces.

 

Measured and Indicated Gold Mineral Resources reported negative revisions of 1.8 million ounces mainly driven by Porcupine of 2.4 million ounces primarily due to updated study work at the Dome and Pamour West Open Pits partially offset by positive revisions in North and South America.

 

Inferred Gold Mineral Resources added through exploration programs were 3.5 million ounces and included notable additions at Tanami of 1.4 million ounces, Merian of 0.5 million equity ounces, Cerro Negro of 0.5 million ounces and Ahafo South of 0.4 million ounces. Inferred Gold Mineral Resources had negative net revisions of 0.2 million ounces.

 

The formation of the MARA project at Agua Rica increased Measured and Indicated gold Mineral Resources by 1.2 million ounces and Inferred Gold Resources by 0.4 million ounces.

 

Newmont's Measured and Indicated gold Mineral Resource grade decreased to 0.65 grams per tonne compared to 0.70 grams per tonne in the prior year largely from higher grade being converted to reserves. Inferred gold Mineral Resource grade of 0.65 grams per tonne increased compared with 0.63 grams per tonne from 2019.

 

  OTHER METALS  

 

Newmont's base metal reserves were largely stable from 2019. Copper reserves increased slightly to 6.9 million tonnes from 6.8 million tonnes in 2019. Copper resources increased to 8.0 million tonnes of Measured & Indicated and 3.9 million tonnes of Inferred from 6.8 million tonnes of Measured and Indicated and 3.5 million tonnes of Inferred due to additions at Newmont's Nueva Union joint venture and the formation of the Agua Rica joint venture.

 

 Silver reserves decreased from 652 million ounces to 613 million ounces, largely due to depletion and the temporary suspension of exploration activities at Peñasquito from COVID-19 restrictions. Measured and Indicated silver resources were 482 million ounces and Inferred were 204 million ounces with revisions at Peñasquito, offsetting additions from Nueva Union and the MARA project at Agua Rica.

 

 Lead reserves decreased to 1.3 million tonnes from 1.5 million, zinc reserves also decreased to 3.1 million tonnes from 3.4 million tonnes. In both cases the reduction was primarily due to depletion and the suspension of exploration activities at Peñasquito from COVID-19 restrictions. Measured & Indicated zinc resources decreased to 1.7 million tonnes from 1.9 million tonnes and Inferred zinc resources decreased to 0.8 million tonnes from 1.0 million tonnes. Measured & Indicated lead resources remained consistent at 0.8 million tonnes and Inferred lead resources decreased to 0.4 million tonnes from 0.5 million tonnes.

 

  EXPLORATION OUTLOOK  

 

Newmont's total exploration expenditure is expected to be approximately $215 million in 2021 with 80 percent of total exploration investment dedicated to near-mine expansion programs and the remaining 20 percent allocated to the advancement of greenfield projects and innovation programs.

 

Additionally, Newmont's share of exploration investment for its non-managed joint ventures will total approximately $35 million.

 

Geographically, the Company expects to invest approximately 28 percent in North America, 25 percent in South America, 20 percent in Australia and the remainder in Africa and other locations.

 

  GOLD RESERVE SENSITIVITY  

 

A $100 increase in gold price would result in an approximate four percent increase in gold reserves while a $100 decrease in gold price would result in an approximate seven percent decrease in gold reserves. These sensitivities assume an oil price of $50 per barrel (WTI), Australian dollar exchange rate of $0.75 and Canadian dollar exchange rate of $0.77.

 

For additional details on Newmont's reported Gold, Copper, Silver, Zinc, Lead and Molybdenum Mineral Reserves and Mineral Resources, please refer to the tables at the end of this release.

 

  KEY RESERVE AND RESOURCE ASSUMPTIONS:  

 
                                                                                   
 

 

 
 

  Years Ended December 31,  

 
 

 

 
 

  2020  

 
 

 

 
 

  2019  

 
 

Gold Reserves (US$/oz.)

 
 

$1,200

 
 

 

 
 

$1,200

 
 

Gold Resources (US$/oz.)

 
 

$1,400

 
 

 

 
 

$1,400

 
 

Copper Reserves (US$/lb.)

 
 

$2.75

 
 

 

 
 

$2.75

 
 

Copper Resources (US$/lb.)

 
 

$3.25

 
 

 

 
 

$3.25

 
 

Silver Reserves (US$/oz.)

 
 

$17.00

 
 

 

 
 

$16.00

 
 

Silver Resources (US$/oz.)

 
 

$20.00

 
 

 

 
 

$20.00

 
 

Zinc Reserves (US$/lb.)

 
 

$1.15

 
 

 

 
 

$1.20

 
 

Zinc Resources (US$/lb.)

 
 

$1.40

 
 

 

 
 

$1.45

 
 

Lead Reserves (US$/lb.)

 
 

$0.90

 
 

 

 
 

$0.95

 
 

Lead Resources (US$/lb.)

 
 

$1.10

 
 

 

 
 

$1.15

 
 

Australian Dollar (A$:US$)

 
 

$0.75

 
 

 

 
 

$0.75

 
 

Canadian Dollar (C$:US$)

 
 

$0.77

 
 

 

 
 

$0.77

 
 

Mexican Peso (M$:US$)

 
 

$19.50

 
 

 

 
 

$19.50

 
 

West Texas Intermediate (US$/bbl.)

 
 

$50

 
 

 

 
 

$60

 
 
 
               
 

   1  

 
 

  Newmont's reported 2019 gold Mineral Reserves of 100.2 million ounces, gold Measured and Indicated Mineral Resources of 76.7 million ounces, and gold Inferred Mineral Resources of 31.3 million ounces were adjusted for the sale of Red Lake and the Company's 50 percent interest in Kalgoorlie Consolidated Gold Mines (KCGM), which occurred during first quarter of 2020. Combined, these sites represented approximately 4.5 million ounces of gold Mineral Reserves and 2.6 million ounces of Measured and Indicated Mineral Resources (resources), bringing Newmont's adjusted 2019 gold Mineral Reserves to 95.7 million ounces and gold Measured and Indicated Mineral Resources to 74.1 million ounces. Newmont's adjusted 2019 Inferred gold Mineral Resources were 29.4 million ounces, after removal of 1.9 million ounces for the sale of Red Lake and KCGM.  

 
 

   2  

 

 

 
 

 

 
 

  Gold Equivalent Ounces calculated using Mineral Reserve pricing as shown in the Key Reserves and Resource Assumptions table above and metallurgical recoveries for each metal on a site by site basis.  

 
 

   3  

 
 

  2019 Gold Reserves are adjusted for divestiture of Red Lake and KCGM.  

 
 

   4  

 
 

  2019 Measured & Indicated Gold Resource and 2019 Inferred Gold Resource adjusted for divestiture of Red Lake and KCGM.  

 
 
 

  RESERVE AND RESOURCE TABLES  

 

Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determine economic feasibility. Newmont's metal price assumptions follow SEC guidance not to exceed a three year trailing average. The price sensitivity of reserves depends upon several factors including grade, metallurgical recovery, operating cost, waste-to-ore ratio and ore type. Metallurgical recovery rates vary depending on the metallurgical properties of each deposit and the production process used. The reserve tables included in this release list the average metallurgical recovery rate for each deposit, which takes into account the assumed processing methods. The cut-off grade, or lowest grade of material considered economic to process, varies with material type, price, metallurgical recoveries, operating costs and co- or by-product credits. The Proven and Probable reserve figures presented herein are estimates based on information available at the time of calculation. No assurance can be given that the indicated levels of recovery of gold, silver, copper, lead, zinc and molybdenum will be realized. Ounces of gold and silver or tonnes of copper, zinc, lead, or molybdenum included in the Proven and Probable reserves are those contained prior to losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold, silver, copper, zinc, lead, or molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could render certain Proven and Probable reserves containing relatively lower grades of mineralization uneconomic to exploit and might result in a reduction of reserves.

 

The Measured, Indicated, and Inferred resource figures presented herein are estimates based on information available at the time of calculation and are exclusive of reserves. A "Mineral Resource" is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade, or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories. Ounces of gold and silver or tonnes of copper, zinc, lead, and molybdenum included in the Measured, Indicated and Inferred resources are those contained prior to losses during metallurgical treatment. Market fluctuations in the price of gold, silver, copper, zinc, lead and molybdenum, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources. Please refer to the reserves and resources cautionary statement at the end of the release.

 

We publish reserves annually, and will recalculate reserves at December 31, 2021, taking into account metal prices, changes, if any, to future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2021. Reserve disclosures as at December 31, 2021 will be presented in the Annual Report on Form 10-K, expected to be filed in February 2022, in accordance with the new Regulation S-K 1300 requirements of the SEC; whereas reserve disclosures as at December 31, 2020, presented herein, have been prepared in accordance with the SEC's Industry Guide 7.

 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 

  Attributable Proven, Probable and Combined Gold Reserves (1) , Metric Units  

 
 

 

 
 

  December 31, 2020  

 
 

 

 
 

  December 31, 2019  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Proven Reserves

 
 

 

 
 

Probable Reserves

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Gold (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Gold (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Gold (3)

 
 

 

 
 

Metallurgical

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Gold (3)

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

Recovery

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

CC&V Open Pits (4)

 
 

100

 
 

%

 
 

85,300

 
 

0.50

 
 

1,370

 
 

19,900

 
 

0.38

 
 

240

 
 

105,200

 
 

0.48

 
 

1,610

 
 

62

 
 

%

 
 

118,500

 
 

0.50

 
 

1,910

 
 

CC&V Leach Pads (5)

 
 

100

 
 

%

 
 

 
 

 

 
 

 
 

33,000

 
 

0.82

 
 

880

 
 

33,000

 
 

0.82

 
 

880

 
 

57

 
 

%

 
 

31,600

 
 

0.88

 
 

890

 
 

Total CC&V, Colorado

 
 

 

 
 

85,300

 
 

0.50

 
 

1,370

 
 

52,900

 
 

0.66

 
 

1,120

 
 

138,200

 
 

0.56

 
 

2,490

 
 

61

 
 

%

 
 

150,100

 
 

0.58

 
 

2,800

 
 

Red Lake, Canada (6)

 
 

100

 
 

%

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

%

 
 

4,600

 
 

8.68

 
 

1,300

 
 

Musselwhite, Canada (7)

 
 

100

 
 

%

 
 

1,900

 
 

6.24

 
 

380

 
 

7,000

 
 

6.25

 
 

1,410

 
 

8,900

 
 

6.25

 
 

1,790

 
 

95

 
 

%

 
 

9,900

 
 

6.52

 
 

2,090

 
 

Porcupine Underground (8)

 
 

100

 
 

%

 
 

2,200

 
 

7.86

 
 

550

 
 

2,800

 
 

6.14

 
 

550

 
 

5,000

 
 

6.90

 
 

1,100

 
 

91

 
 

%

 
 

4,900

 
 

7.33

 
 

1,150

 
 

Porcupine Open Pit (9)

 
 

100

 
 

%

 
 

8,200

 
 

1.53

 
 

410

 
 

34,100

 
 

1.40

 
 

1,540

 
 

42,300

 
 

1.43

 
 

1,950

 
 

94

 
 

%

 
 

44,600

 
 

1.16

 
 

1,670

 
 

Total Porcupine, Canada

 
 

 

 
 

10,400

 
 

2.87

 
 

960

 
 

36,900

 
 

1.76

 
 

2,090

 
 

47,300

 
 

2.01

 
 

3,050

 
 

93

 
 

%

 
 

49,500

 
 

1.77

 
 

2,820

 
 

Éléonore, Canada (10)

 
 

100

 
 

%

 
 

1,400

 
 

5.75

 
 

260

 
 

6,400

 
 

4.84

 
 

1,000

 
 

7,800

 
 

5.00

 
 

1,260

 
 

93

 
 

%

 
 

7,400

 
 

5.31

 
 

1,280

 
 

Peñasquito Open Pit

 
 

100

 
 

%

 
 

100,100

 
 

0.64

 
 

2,060

 
 

248,100

 
 

0.58

 
 

4,620

 
 

348,200

 
 

0.60

 
 

6,680

 
 

71

 
 

%

 
 

409,700

 
 

0.60

 
 

7,860

 
 

Peñasquito Stockpiles

 
 

100

 
 

%

 
 

11,800

 
 

0.65

 
 

250

 
 

27,800

 
 

0.19

 
 

170

 
 

39,600

 
 

0.33

 
 

420

 
 

53

 
 

%

 
 

31,800

 
 

0.22

 
 

220

 
 

Total Peñasquito, Mexico (11)

 
 

 

 
 

111,900

 
 

0.64

 
 

2,310

 
 

275,900

 
 

0.54

 
 

4,790

 
 

387,800

 
 

0.57

 
 

7,100

 
 

70

 
 

%

 
 

441,500

 
 

0.57

 
 

8,080

 
 

  TOTAL NORTH AMERICA  

 
 

 

 
 

  210,900  

 
 

  0.78  

 
 

  5,280  

 
 

  379,100  

 
 

  0.85  

 
 

  10,410  

 
 

  590,000  

 
 

  0.83  

 
 

  15,690  

 
 

  78  

 
 

  %  

 
 

  663,000  

 
 

  0.86  

 
 

  18,370  

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Yanacocha Open Pits (12)

 
 

51.35

 
 

%

 
 

5,800

 
 

0.64

 
 

120

 
 

89,300

 
 

0.66

 
 

1,900

 
 

95,100

 
 

0.66

 
 

2,020

 
 

60

 
 

%

 
 

107,700

 
 

0.65

 
 

2,260

 
 

Yanacocha Underground (13)

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

7,000

 
 

6.20

 
 

1,390

 
 

7,000

 
 

6.20

 
 

1,390

 
 

97

 
 

%

 
 

6,000

 
 

6.88

 
 

1,310

 
 

Total Yanacocha, Peru

 
 

 

 
 

5,800

 
 

0.64

 
 

120

 
 

96,300

 
 

1.06

 
 

3,290

 
 

102,100

 
 

1.04

 
 

3,410

 
 

75

 
 

%

 
 

113,700

 
 

0.98

 
 

3,570

 
 

Merian, Suriname (14)

 
 

75

 
 

%

 
 

50,100

 
 

1.30

 
 

2,100

 
 

57,400

 
 

1.01

 
 

1,870

 
 

107,500

 
 

1.15

 
 

3,970

 
 

93

 
 

%

 
 

87,700

 
 

1.23

 
 

3,480

 
 

Cerro Negro, Argentina (15)

 
 

100

 
 

%

 
 

2,400

 
 

8.35

 
 

630

 
 

6,600

 
 

9.10

 
 

1,940

 
 

9,000

 
 

8.90

 
 

2,570

 
 

91

 
 

%

 
 

8,400

 
 

9.70

 
 

2,600

 
 

Pueblo Viejo Open Pits

 
 

40

 
 

%

 
 

9,500

 
 

2.41

 
 

730

 
 

10,100

 
 

2.27

 
 

740

 
 

19,600

 
 

2.34

 
 

1,470

 
 

91

 
 

%

 
 

12,300

 
 

2.70

 
 

1,070

 
 

Pueblo Viejo Stockpiles (16)

 
 

40

 
 

%

 
 

 
 

 

 
 

 
 

35,800

 
 

2.30

 
 

2,640

 
 

35,800

 
 

2.30

 
 

2,640

 
 

89

 
 

%

 
 

35,300

 
 

2.41

 
 

2,740

 
 

Total Pueblo Viejo, Dominican Republic (17)

 
 

 

 
 

9,500

 
 

2.41

 
 

730

 
 

45,900

 
 

2.29

 
 

3,380

 
 

55,400

 
 

2.31

 
 

4,110

 
 

90

 
 

%

 
 

47,600

 
 

2.49

 
 

3,810

 
 

NuevaUnión, Chile (18)

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

341,100

 
 

0.47

 
 

5,110

 
 

341,100

 
 

0.47

 
 

5,110

 
 

66

 
 

%

 
 

341,100

 
 

0.47

 
 

5,150

 
 

Norte Abierto, Chile (19)

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

598,800

 
 

0.60

 
 

11,620

 
 

598,800

 
 

0.60

 
 

11,620

 
 

74

 
 

%

 
 

598,800

 
 

0.60

 
 

11,620

 
 

  TOTAL SOUTH AMERICA  

 
 

 

 
 

  67,800  

 
 

  1.65  

 
 

  3,580  

 
 

  1,146,100  

 
 

  0.74  

 
 

  27,210  

 
 

  1,213,900  

 
 

  0.79  

 
 

  30,790  

 
 

  79  

 
 

  %  

 
 

  1,197,300  

 
 

  0.79  

 
 

  30,230  

 
 

  Australia  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Boddington Open Pit (20)

 
 

100

 
 

%

 
 

247,100

 
 

0.68

 
 

5,430

 
 

287,600

 
 

0.66

 
 

6,060

 
 

534,700

 
 

0.67

 
 

11,490

 
 

85

 
 

%

 
 

481,000

 
 

0.69

 
 

10,720

 
 

Boddington Stockpiles (16)

 
 

100

 
 

%

 
 

1,600

 
 

0.79

 
 

40

 
 

84,800

 
 

0.43

 
 

1,160

 
 

86,400

 
 

0.43

 
 

1,200

 
 

78

 
 

%

 
 

85,300

 
 

0.44

 
 

1,210

 
 

Total Boddington, Western Australia

 
 

 

 
 

248,700

 
 

0.69

 
 

5,470

 
 

372,400

 
 

0.60

 
 

7,220

 
 

621,100

 
 

0.64

 
 

12,690

 
 

85

 
 

%

 
 

566,300

 
 

0.65

 
 

11,930

 
 

Tanami, Northern Territory (21)

 
 

100

 
 

%

 
 

14,600

 
 

4.89

 
 

2,290

 
 

21,600

 
 

5.15

 
 

3,580

 
 

36,200

 
 

5.05

 
 

5,870

 
 

98

 
 

%

 
 

33,200

 
 

5.31

 
 

5,680

 
 

Kalgoorlie Open Pit and Underground

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

%

 
 

24,100

 
 

2.02

 
 

1,560

 
 

Kalgoorlie Stockpiles

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

%

 
 

65,000

 
 

0.76

 
 

1,580

 
 

Total Kalgoorlie, Western Australia (22)

 
 

 

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

 

 
 

 
 

 
 

%

 
 

89,100

 
 

1.10

 
 

3,140

 
 

  TOTAL AUSTRALIA  

 
 

 

 
 

  263,300  

 
 

  0.92  

 
 

  7,760  

 
 

  394,000  

 
 

  0.85  

 
 

  10,800  

 
 

  657,300  

 
 

  0.88  

 
 

  18,560  

 
 

  89  

 
 

  %  

 
 

  688,600  

 
 

  0.94  

 
 

  20,750  

 
 

  Africa  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Ahafo South Open Pits (23)

 
 

100

 
 

%

 
 

11,900

 
 

2.41

 
 

910

 
 

38,100

 
 

1.75

 
 

2,140

 
 

50,000

 
 

1.90

 
 

3,050

 
 

90

 
 

%

 
 

57,200

 
 

1.90

 
 

3,490

 
 

Ahafo South Underground (24)

 
 

100

 
 

%

 
 

7,500

 
 

3.91

 
 

950

 
 

9,600

 
 

3.23

 
 

990

 
 

17,100

 
 

3.53

 
 

1,940

 
 

94

 
 

%

 
 

14,500

 
 

3.29

 
 

1,540

 
 

Ahafo South Stockpiles (16)

 
 

100

 
 

%

 
 

36,200

 
 

0.92

 
 

1,070

 
 

 
 

 

 
 

 
 

36,200

 
 

0.92

 
 

1,070

 
 

88

 
 

%

 
 

38,300

 
 

0.92

 
 

1,140

 
 

Total Ahafo South, Ghana

 
 

 

 
 

55,600

 
 

1.64

 
 

2,930

 
 

47,700

 
 

2.04

 
 

3,130

 
 

103,300

 
 

1.82

 
 

6,060

 
 

91

 
 

%

 
 

110,000

 
 

1.74

 
 

6,170

 
 

Ahafo North, Ghana (25)

 
 

100

 
 

%

 
 

 
 

 

 
 

 
 

45,100

 
 

2.40

 
 

3,480

 
 

45,100

 
 

2.40

 
 

3,480

 
 

91

 
 

%

 
 

45,100

 
 

2.40

 
 

3,470

 
 

Akyem Open Pit (26)

 
 

100

 
 

%

 
 

17,100

 
 

1.67

 
 

920

 
 

17,100

 
 

1.73

 
 

950

 
 

34,200

 
 

1.70

 
 

1,870

 
 

91

 
 

%

 
 

38,900

 
 

1.70

 
 

2,120

 
 

Akyem Stockpiles (16)

 
 

100

 
 

%

 
 

15,100

 
 

0.82

 
 

400

 
 

 
 

 

 
 

 
 

15,100

 
 

0.82

 
 

400

 
 

90

 
 

%

 
 

16,400

 
 

0.88

 
 

460

 
 

Total Akyem, Ghana

 
 

 

 
 

32,200

 
 

1.27

 
 

1,320

 
 

17,100

 
 

1.73

 
 

950

 
 

49,300

 
 

1.43

 
 

2,270

 
 

90

 
 

%

 
 

55,300

 
 

1.46

 
 

2,580

 
 

  TOTAL AFRICA  

 
 

 

 
 

  87,800  

 
 

  1.51  

 
 

  4,250  

 
 

  109,900  

 
 

  2.14  

 
 

  7,560  

 
 

  197,700  

 
 

  1.86  

 
 

  11,810  

 
 

  91  

 
 

  %  

 
 

  210,400  

 
 

  1.81  

 
 

  12,220  

 
 

  Nevada  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NGM Open Pits

 
 

38.5

 
 

%

 
 

10,500

 
 

1.68

 
 

570

 
 

123,800

 
 

1.22

 
 

4,870

 
 

134,300

 
 

1.26

 
 

5,440

 
 

70

 
 

%

 
 

151,700

 
 

1.22

 
 

5,940

 
 

NGM Stockpiles (16)

 
 

38.5

 
 

%

 
 

33,300

 
 

2.36

 
 

2,530

 
 

 
 

 

 
 

 
 

33,300

 
 

2.36

 
 

2,530

 
 

71

 
 

%

 
 

37,100

 
 

2.38

 
 

2,830

 
 

NGM Underground

 
 

38.5

 
 

%

 
 

15,200

 
 

10.07

 
 

4,930

 
 

14,500

 
 

9.61

 
 

4,490

 
 

29,700

 
 

9.85

 
 

9,420

 
 

88

 
 

%

 
 

30,300

 
 

10.14

 
 

9,830

 
 

Total NGM (27)

 
 

 

 
 

59,000

 
 

4.23

 
 

8,030

 
 

138,300

 
 

2.11

 
 

9,360

 
 

197,300

 
 

2.74

 
 

17,390

 
 

80

 
 

%

 
 

219,100

 
 

2.64

 
 

18,600

 
 

  TOTAL NEVADA  

 
 

 

 
 

  59,000  

 
 

  4.23  

 
 

  8,030  

 
 

  138,300  

 
 

  2.11  

 
 

  9,360  

 
 

  197,300  

 
 

  2.74  

 
 

  17,390  

 
 

  80  

 
 

  %  

 
 

  219,100  

 
 

  2.64  

 
 

  18,600  

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  688,800  

 
 

  1.31  

 
 

  28,900  

 
 

  2,167,400  

 
 

  0.94  

 
 

  65,340  

 
 

  2,856,200  

 
 

  1.03  

 
 

  94,240  

 
 

  82  

 
 

  %  

 
 

  2,978,400  

 
 

  1.05  

 
 

  100,170  

 
 
                                                                                    
 

  (1)

 
 

See cautionary statement regarding reserves and resources on page 15 hereof. 2020 and 2019 reserves were estimated at a gold price of $1,200 per ounce unless otherwise noted.

 
 

  (2)

 
 

Tonnages include allowances for losses resulting from mining methods. Tonnages are rounded to the nearest 100,000.

 
 

  (3)

 
 

Ounces are estimates of metal contained in ore tonnages and do not include allowances for processing losses. Metallurgical recovery rates represent the estimated amount of metal to be recovered through metallurgical extraction processes. Ounces may not recalculate as they are rounded to the nearest 10,000.

 
 

  (4)

 
 

Cut-off grades utilized in 2020 reserves were as follows: oxide mill material not less than 0.89 gram per tonne and leach material not less than 0.16 gram per tonne.

 
 

  (5)

 
 

Leach pad material is the material on leach pads at the end of the year from which gold remains to be recovered. In-process reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

 
 

  (6)

 
 

Red Lake was sold during 2020 and classified as held for sale as of December 31, 2019.

 
 

  (7)

 
 

Cut-off grade utilized in 2020 reserves not less than 3.45 gram per tonne.

 
 

  (8)

 
 

Cut-off grade utilized in 2020 reserves not less than 2.50 gram per tonne.

 
 

  (9)

 
 

Cut-off grade utilized in 2020 reserves not less than 0.44 gram per tonne.

 
 

  (10)

 
 

Cut-off grade utilized in 2020 reserves not less than 4.50 gram per tonne.

 
 

  (11)

 
 

Gold cut-off grade varies with level of silver, lead and zinc credits.

 
 

  (12)

 
 

Gold cut-off grades utilized in 2020 reserves were as follows: oxide leach material not less than 0.13 gram per tonne; oxide mill material not less than 0.49 gram per tonne; and refractory mill material not less than 1.49 gram per tonne.

 
 

  (13)

 
 

Gold cut-off grades utilized in 2020 reserves not less than 2.10 gram per tonne.

 
 

  (14)

 
 

Cut-off grade utilized in 2020 reserves not less than 0.31 gram per tonne.

 
 

  (15)

 
 

Cut-off grade utilized in 2020 reserves not less than 5.85 gram per tonne.

 
 

  (16)

 
 

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

 
 

  (17)

 
 

Reserve estimates provided by Barrick, the operator of Pueblo Viejo.

 
 

  (18)

 
 

Project is currently undeveloped. Reserve estimates provided by the NuevaUnión joint venture.

 
 

  (19)

 
 

Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture

 
 

  (20)

 
 

Gold cut-off grade varies with level of copper credits.

 
 

  (21)

 
 

Cut-off grade utilized in 2020 reserves not less than 1.70 gram per tonne.

 
 

  (22)

 
 

Kalgoorlie was sold during 2020 and classified as held for sale as of December 31, 2019.

 
 

  (23)

 
 

Cut-off grade utilized in 2020 reserves not less than 0.67 gram per tonne.

 
 

  (24)

 
 

Cut-off grade utilized in 2020 reserves not less than 3.10 gram per tonne.

 
 

  (25)

 
 

Includes undeveloped reserves in the Ahafo trend totaling 3.4 million ounces. Cut-off grade utilized in 2020 reserves not less than 0.50 gram per tonne.

 
 

  (26)

 
 

Cut-off grade utilized in 2020 reserves not less than 0.57 gram per tonne.

 
 

  (27)

 
 

Reserve estimates provided by Barrick, the operator of the NGM joint venture.

 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 

  Attributable Gold Mineral Resources (1)(2) - December 31, 2020, Metric Units  

 
 

 

 
 

 

 
 

 

 
 

Measured Resource

 
 

 

 
 

Indicated Resource

 
 

 

 
 

Measured and Indicated
Resource (3)

 
 

 

 
 

Inferred Resource

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Gold

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Gold

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Gold

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Gold

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

CC&V, Colorado

 
 

100

 
 

%

 
 

103,200

 
 

0.42

 
 

1,400

 
 

57,800

 
 

0.38

 
 

710

 
 

161,000

 
 

0.41

 
 

2,110

 
 

20,000

 
 

0.35

 
 

220

 
 

Musselwhite, Canada

 
 

100

 
 

%

 
 

900

 
 

4.00

 
 

110

 
 

1,900

 
 

3.72

 
 

230

 
 

2,800

 
 

3.81

 
 

340

 
 

2,700

 
 

4.65

 
 

410

 
 

Porcupine Underground

 
 

100

 
 

%

 
 

100

 
 

5.41

 
 

20

 
 

500

 
 

6.68

 
 

110

 
 

600

 
 

6.42

 
 

130

 
 

1,900

 
 

4.20

 
 

260

 
 

Porcupine Open Pit

 
 

100

 
 

%

 
 

1,400

 
 

0.72

 
 

30

 
 

83,300

 
 

1.40

 
 

3,750

 
 

84,700

 
 

1.39

 
 

3,780

 
 

77,100

 
 

1.24

 
 

3,070

 
 

Total Porcupine, Canada

 
 

 

 
 

1,500

 
 

1.04

 
 

50

 
 

83,800

 
 

1.43

 
 

3,860

 
 

85,300

 
 

1.43

 
 

3,910

 
 

79,000

 
 

1.31

 
 

3,330

 
 

Éléonore, Canada

 
 

100

 
 

%

 
 

300

 
 

5.13

 
 

50

 
 

2,700

 
 

4.44

 
 

390

 
 

3,000

 
 

4.51

 
 

440

 
 

2,500

 
 

5.65

 
 

460

 
 

Peñasquito, Mexico

 
 

100

 
 

%

 
 

34,900

 
 

0.28

 
 

310

 
 

241,900

 
 

0.27

 
 

2,110

 
 

276,800

 
 

0.27

 
 

2,420

 
 

150,900

 
 

0.40

 
 

1,910

 
 

Noche Buena, Mexico

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

27,500

 
 

0.37

 
 

330

 
 

27,500

 
 

0.37

 
 

330

 
 

2,500

 
 

0.22

 
 

20

 
 

Coffee, Canada

 
 

100

 
 

%

 
 

1,000

 
 

2.01

 
 

60

 
 

54,500

 
 

1.19

 
 

2,080

 
 

55,500

 
 

1.20

 
 

2,140

 
 

6,800

 
 

1.07

 
 

230

 
 

Galore Creek, Canada (4)

 
 

50

 
 

%

 
 

128,400

 
 

0.36

 
 

1,510

 
 

423,400

 
 

0.23

 
 

3,120

 
 

551,800

 
 

0.26

 
 

4,630

 
 

99,100

 
 

0.21

 
 

670

 
 

  TOTAL NORTH AMERICA  

 
 

 

 
 

  270,200  

 
 

  0.40  

 
 

  3,490  

 
 

  893,500  

 
 

  0.45  

 
 

  12,830  

 
 

  1,163,700  

 
 

  0.44  

 
 

  16,320  

 
 

  363,500  

 
 

  0.62  

 
 

  7,250  

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Conga, Peru

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

356,300

 
 

0.65

 
 

7,490

 
 

356,300

 
 

0.65

 
 

7,490

 
 

118,400

 
 

0.39

 
 

1,480

 
 

Yanacocha Open Pit

 
 

51.35

 
 

%

 
 

4,400

 
 

0.45

 
 

70

 
 

66,600

 
 

0.43

 
 

930

 
 

71,000

 
 

0.44

 
 

1,000

 
 

98,700

 
 

0.81

 
 

2,560

 
 

Yanacocha Underground

 
 

51.35

 
 

%

 
 

 
 

6.29

 
 

10

 
 

1,800

 
 

6.28

 
 

370

 
 

1,800

 
 

6.28

 
 

380

 
 

1,900

 
 

4.93

 
 

300

 
 

Total Yanacocha, Peru

 
 

 

 
 

4,400

 
 

0.57

 
 

80

 
 

68,400

 
 

0.59

 
 

1,300

 
 

72,800

 
 

0.59

 
 

1,380

 
 

100,600

 
 

0.88

 
 

2,860

 
 

Merian, Suriname

 
 

75

 
 

%

 
 

7,300

 
 

0.92

 
 

220

 
 

38,400

 
 

1.07

 
 

1,320

 
 

45,700

 
 

1.05

 
 

1,540

 
 

32,600

 
 

0.86

 
 

900

 
 

Cerro Negro Underground

 
 

100

 
 

%

 
 

100

 
 

4.68

 
 

10

 
 

7,000

 
 

7.15

 
 

1,600

 
 

7,100

 
 

7.11

 
 

1,610

 
 

2,600

 
 

7.62

 
 

630

 
 

Cerro Negro Open Pit

 
 

100

 
 

%

 
 

900

 
 

4.40

 
 

130

 
 

1,000

 
 

4.09

 
 

130

 
 

1,900

 
 

4.24

 
 

260

 
 

100

 
 

3.49

 
 

10

 
 

Total Cerro Negro, Argentina

 
 

100

 
 

%

 
 

1,000

 
 

4.43

 
 

140

 
 

8,000

 
 

6.77

 
 

1,730

 
 

9,000

 
 

6.51

 
 

1,870

 
 

2,700

 
 

7.52

 
 

640

 
 

Pueblo Viejo, Dominican Republic (5)

 
 

40

 
 

%

 
 

34,800

 
 

2.02

 
 

2,260

 
 

56,700

 
 

1.88

 
 

3,430

 
 

91,500

 
 

1.93

 
 

5,690

 
 

27,500

 
 

1.79

 
 

1,580

 
 

NuevaUnión, Chile (6)

 
 

50

 
 

%

 
 

4,800

 
 

0.47

 
 

70

 
 

118,300

 
 

0.59

 
 

2,260

 
 

123,100

 
 

0.59

 
 

2,330

 
 

239,800

 
 

0.40

 
 

3,050

 
 

Norte Abierto, Chile (7)

 
 

50

 
 

%

 
 

77,300

 
 

0.61

 
 

1,500

 
 

596,900

 
 

0.49

 
 

9,310

 
 

674,200

 
 

0.50

 
 

10,810

 
 

369,600

 
 

0.37

 
 

4,370

 
 

Aqua Rica, Argentina (8)

 
 

18.75

 
 

%

 
 

141,900

 
 

0.25

 
 

1,150

 
 

137,400

 
 

0.15

 
 

650

 
 

279,300

 
 

0.20

 
 

1,800

 
 

139,900

 
 

0.09

 
 

410

 
 

  TOTAL SOUTH AMERICA  

 
 

 

 
 

  271,500  

 
 

  0.62  

 
 

  5,420  

 
 

  1,380,400  

 
 

  0.62  

 
 

  27,490  

 
 

  1,651,900  

 
 

  0.62  

 
 

  32,910  

 
 

  1,031,100  

 
 

  0.46  

 
 

  15,290  

 
 

  Australia  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Boddington, Western Australia

 
 

100

 
 

%

 
 

62,500

 
 

0.51

 
 

1,030

 
 

149,300

 
 

0.51

 
 

2,460

 
 

211,800

 
 

0.51

 
 

3,490

 
 

3,900

 
 

0.45

 
 

60

 
 

Tanami Open Pit

 
 

100

 
 

%

 
 

3,600

 
 

1.85

 
 

210

 
 

14,200

 
 

1.75

 
 

800

 
 

17,800

 
 

1.77

 
 

1,010

 
 

7,600

 
 

2.07

 
 

510

 
 

Tanami Underground

 
 

100

 
 

%

 
 

300

 
 

2.71

 
 

30

 
 

3,000

 
 

4.63

 
 

450

 
 

3,300

 
 

4.46

 
 

480

 
 

12,000

 
 

5.71

 
 

2,200

 
 

Total Tanami, Northern Territory

 
 

100

 
 

%

 
 

3,900

 
 

1.91

 
 

240

 
 

17,200

 
 

2.25

 
 

1,250

 
 

21,100

 
 

2.19

 
 

1,490

 
 

19,600

 
 

4.29

 
 

2,710

 
 

  TOTAL AUSTRALIA  

 
 

 

 
 

  66,400  

 
 

  0.60  

 
 

  1,270  

 
 

  166,500  

 
 

  0.69  

 
 

  3,710  

 
 

  232,900  

 
 

  0.67  

 
 

  4,980  

 
 

  23,500  

 
 

  3.65  

 
 

  2,770  

 
 

  Africa  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Ahafo South

 
 

100

 
 

%

 
 

500

 
 

0.63

 
 

10

 
 

24,800

 
 

1.15

 
 

920

 
 

25,300

 
 

1.14

 
 

930

 
 

12,300

 
 

1.36

 
 

540

 
 

Ahafo Underground

 
 

100

 
 

%

 
 

 
 

 

 
 

 
 

15,900

 
 

3.96

 
 

2,020

 
 

15,900

 
 

3.96

 
 

2,020

 
 

6,400

 
 

3.30

 
 

680

 
 

Total Ahafo South, Ghana

 
 

 

 
 

500

 
 

0.63

 
 

10

 
 

40,700

 
 

2.25

 
 

2,940

 
 

41,200

 
 

2.23

 
 

2,950

 
 

18,700

 
 

2.03

 
 

1,220

 
 

Ahafo North Open Pits, Ghana

 
 

100

 
 

%

 
 

2,000

 
 

1.24

 
 

80

 
 

8,300

 
 

1.99

 
 

530

 
 

10,300

 
 

1.84

 
 

610

 
 

7,100

 
 

1.78

 
 

410

 
 

Akyem Open Pits

 
 

100

 
 

%

 
 

900

 
 

0.54

 
 

20

 
 

1,400

 
 

0.54

 
 

30

 
 

2,300

 
 

0.54

 
 

50

 
 

2,600

 
 

1.20

 
 

100

 
 

Akyem Underground

 
 

100

 
 

%

 
 

 
 

 

 
 

 
 

5,300

 
 

3.85

 
 

650

 
 

5,300

 
 

3.85

 
 

650

 
 

3,700

 
 

3.31

 
 

390

 
 

Total Akyem, Ghana

 
 

 

 
 

900

 
 

0.54

 
 

20

 
 

6,700

 
 

3.16

 
 

680

 
 

7,600

 
 

2.86

 
 

700

 
 

6,300

 
 

2.42

 
 

490

 
 

  TOTAL AFRICA  

 
 

 

 
 

  3,400  

 
 

  0.96  

 
 

  110  

 
 

  55,700  

 
 

  2.32  

 
 

  4,150  

 
 

  59,100  

 
 

  2.24  

 
 

  4,260  

 
 

  32,100  

 
 

  2.05  

 
 

  2,120  

 
 

  Nevada  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NGM Open Pits and Stockpiles

 
 

38.5

 
 

%

 
 

17,100

 
 

1.56

 
 

860

 
 

159,300

 
 

0.98

 
 

5,020

 
 

176,400

 
 

1.04

 
 

5,880

 
 

53,300

 
 

0.78

 
 

1,330

 
 

NGM Underground

 
 

38.5

 
 

%

 
 

5,900

 
 

7.11

 
 

1,340

 
 

19,100

 
 

6.43

 
 

3,950

 
 

25,000

 
 

6.59

 
 

5,290

 
 

12,600

 
 

6.91

 
 

2,790

 
 

Total NGM (9)

 
 

 

 
 

23,000

 
 

2.97

 
 

2,200

 
 

178,400

 
 

1.56

 
 

8,970

 
 

201,400

 
 

1.72

 
 

11,170

 
 

65,900

 
 

1.94

 
 

4,120

 
 

  TOTAL NEVADA  

 
 

 

 
 

  23,000  

 
 

  2.97  

 
 

  2,200  

 
 

  178,400  

 
 

  1.56  

 
 

  8,970  

 
 

  201,400  

 
 

  1.72  

 
 

  11,170  

 
 

  65,900  

 
 

  1.94  

 
 

  4,120  

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  634,500  

 
 

  0.61  

 
 

  12,490  

 
 

  2,674,500  

 
 

  0.67  

 
 

  57,150  

 
 

  3,309,000  

 
 

  0.65  

 
 

  69,640  

 
 

  1,516,100  

 
 

  0.65  

 
 

  31,550  

 
 
 
                              
 

  (1)

 
 

Resources are reported exclusive of reserves.

 
 

  (2)

 
 

Resources are estimated at a gold price of $1,400 per ounce for 2020 and 2019. Tonnage amounts have been rounded to the nearest 100,000. Ounces may not recalculate as they have been rounded to the nearest 10,000.

 
 

  (3)

 
 

Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's 10-K filing.

 
 

  (4)

 
 

Project is currently undeveloped. Resource estimates provided by Teck Resources.

 
 

  (5)

 
 

Resource estimates provided by Barrick, the operator of Pueblo Viejo.

 
 

  (6)

 
 

Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.

 
 

  (7)

 
 

Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.

 
 

  (8)

 
 

Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture.

 
 

  (9)

 
 

Resource estimates provided by Barrick, the operator of the NGM joint venture.

 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 

  Attributable Copper Reserves (1) Metric Units  

 
 

 

 
 

 

 
 

  December 31, 2020  

 
 

 

 
 

  December 31, 2019  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Proven Reserves

 
 

 

 
 

Probable Reserves

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Copper (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Copper (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Copper (3)

 
 

 

 
 

Metallurgical

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Copper (3)

 
 

Deposits/Districts

 
 

 

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

Recovery

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu %)

 
 

 

 
 

(Tonnes)

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Yanacocha Open Pits and Underground, Peru (4)

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

57,700

 
 

0.62

 
 

%

 
 

360,000

 
 

57,700

 
 

0.62

 
 

%

 
 

360,000

 
 

83

 
 

%

 
 

53,600

 
 

0.63

 
 

%

 
 

340,000

 
 

NuevaUnión, Chile (5)

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

1,118,000

 
 

0.40

 
 

%

 
 

4,440,000

 
 

1,118,000

 
 

0.40

 
 

%

 
 

4,440,000

 
 

88

 
 

%

 
 

1,118,000

 
 

0.40

 
 

%

 
 

4,420,000

 
 

Norte Abierto, Chile (6)

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

598,800

 
 

0.22

 
 

%

 
 

1,310,000

 
 

598,800

 
 

0.22

 
 

%

 
 

1,310,000

 
 

87

 
 

%

 
 

598,800

 
 

0.22

 
 

%

 
 

1,310,000

 
 

  TOTAL SOUTH AMERICA  

 
 

 

 
 

 
 

 

 
 

 
 

  1,774,500  

 
 

  0.34  

 
 

  %  

 
 

  6,110,000  

 
 

  1,774,500  

 
 

  0.34  

 
 

  %  

 
 

  6,110,000  

 
 

  87  

 
 

  %  

 
 

  1,770,400  

 
 

  0.34  

 
 

  %  

 
 

  6,070,000  

 
 

  Australia  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Boddington Open Pit, Western Australia (7)

 
 

100

 
 

%

 
 

247,100

 
 

0.10

 
 

%

 
 

240,000

 
 

287,600

 
 

0.11

 
 

%

 
 

330,000

 
 

534,700

 
 

0.11

 
 

%

 
 

570,000

 
 

82

 
 

%

 
 

481,000

 
 

0.10

 
 

%

 
 

490,000

 
 

Boddington Stockpiles, Western Australia (8)

 
 

100

 
 

%

 
 

1,600

 
 

0.10

 
 

%

 
 

 
 

84,800

 
 

0.09

 
 

%

 
 

70,000

 
 

86,400

 
 

0.09

 
 

%

 
 

70,000

 
 

75

 
 

%

 
 

85,300

 
 

0.09

 
 

%

 
 

70,000

 
 

  TOTAL AUSTRALIA  

 
 

 

 
 

  248,700  

 
 

  0.10  

 
 

  %  

 
 

  240,000  

 
 

  372,400  

 
 

  0.11  

 
 

  %  

 
 

  400,000  

 
 

  621,100  

 
 

  0.10  

 
 

  %  

 
 

  640,000  

 
 

  81  

 
 

  %  

 
 

  566,300  

 
 

  0.10  

 
 

  %  

 
 

  560,000  

 
 

  Nevada  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NGM, Nevada (9)

 
 

38.5

 
 

%

 
 

14,100

 
 

0.20

 
 

%

 
 

30,000

 
 

68,500

 
 

0.17

 
 

%

 
 

120,000

 
 

82,600

 
 

0.18

 
 

%

 
 

150,000

 
 

64

 
 

%

 
 

97,100

 
 

0.18

 
 

%

 
 

170,000

 
 

  TOTAL NEVADA  

 
 

 

 
 

  14,100  

 
 

  0.20  

 
 

  %  

 
 

  30,000  

 
 

  68,500  

 
 

  0.17  

 
 

  %  

 
 

  120,000  

 
 

  82,600  

 
 

  0.18  

 
 

  %  

 
 

  150,000  

 
 

  64  

 
 

  %  

 
 

  97,100  

 
 

  0.18  

 
 

  %  

 
 

  170,000  

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  262,800  

 
 

  0.10  

 
 

  %  

 
 

  270,000  

 
 

  2,215,400  

 
 

  0.30  

 
 

  %  

 
 

  6,630,000  

 
 

  2,478,200  

 
 

  0.28  

 
 

  %  

 
 

  6,900,000  

 
 

  86  

 
 

  %  

 
 

  2,433,800  

 
 

  0.28  

 
 

  %  

 
 

  6,800,000  

 
 
                              
 

  (1)

 
 

See footnote (1) to the Gold Reserves table above. Copper reserves for 2020 and 2019 were estimated at a copper price of $2.75 per pound.

 
 

  (2)

 
 

See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 10,000.

 
 

  (3)

 
 

See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000.

 
 

  (4)

 
 

Reserve estimates relate to the undeveloped Yanacocha Sulfide project. Copper cut-off grade varies with level of gold and silver credits.

 
 

  (5)

 
 

Project is currently undeveloped. Reserve estimates provided by the NuevaUnión joint venture.

 
 

  (6)

 
 

Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture.

 
 

  (7)

 
 

Copper cut-off grade varies with level of gold credits.

 
 

  (8)

 
 

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpiles are reported separately where pounds exceed 100 million and are greater than 5% of the total site reported reserves.

 
 

  (9)

 
 

Reserve estimates provided by Barrick, the operator of the NGM joint venture.

 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 

  Attributable Copper Mineral Resources (1)(2) - December 31, 2020, Metric Units  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Measured Resource

 
 

 

 
 

Indicated Resource

 
 

 

 
 

Measured and Indicated
Resource (3)

 
 

 

 
 

Inferred Resource

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Copper

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Copper

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Copper

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Copper

 
 

Deposits/Districts

 
 

 

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Cu%)

 
 

 

 
 

(tonnes)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Galore Creek, Canada (4)

 
 

50

 
 

%

 
 

128,400

 
 

0.72

 
 

%

 
 

920,000

 
 

423,400

 
 

0.39

 
 

%

 
 

1,640,000

 
 

551,800

 
 

0.47

 
 

%

 
 

2,560,000

 
 

99,100

 
 

0.27

 
 

%

 
 

260,000

 
 

  TOTAL NORTH AMERICA  

 
 

 

 
 

  128,400  

 
 

  0.72  

 
 

  %  

 
 

  920,000  

 
 

  423,400  

 
 

  0.39  

 
 

  %  

 
 

  1,640,000  

 
 

  551,800  

 
 

  0.47  

 
 

  %  

 
 

  2,560,000  

 
 

  99,100  

 
 

  0.27  

 
 

  %  

 
 

  260,000  

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Conga, Peru

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

356,300

 
 

0.26

 
 

%

 
 

920,000

 
 

356,300

 
 

0.26

 
 

%

 
 

920,000

 
 

118,400

 
 

0.19

 
 

%

 
 

220,000

 
 

Yanacocha Open Pits and Stockpiles

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

48,600

 
 

0.39

 
 

%

 
 

190,000

 
 

48,600

 
 

0.39

 
 

%

 
 

190,000

 
 

18,700

 
 

0.39

 
 

%

 
 

70,000

 
 

Yanacocha Underground

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

1,800

 
 

0.09

 
 

%

 
 

 
 

1,800

 
 

0.09

 
 

%

 
 

 
 

1,900

 
 

0.13

 
 

%

 
 

 
 

Total Yanacocha, Peru

 
 

 

 
 

 
 

 

 
 

 
 

50,400

 
 

0.38

 
 

%

 
 

190,000

 
 

50,400

 
 

0.38

 
 

%

 
 

190,000

 
 

20,600

 
 

0.36

 
 

%

 
 

70,000

 
 

NuevaUnión, Chile (5)

 
 

50

 
 

%

 
 

164,300

 
 

0.19

 
 

%

 
 

320,000

 
 

349,900

 
 

0.34

 
 

%

 
 

1,200,000

 
 

514,200

 
 

0.30

 
 

%

 
 

1,520,000

 
 

602,200

 
 

0.39

 
 

%

 
 

2,340,000

 
 

Norte Abierto, Chile (6)

 
 

50

 
 

%

 
 

57,600

 
 

0.24

 
 

%

 
 

140,000

 
 

551,200

 
 

0.19

 
 

%

 
 

1,060,000

 
 

608,800

 
 

0.20

 
 

%

 
 

1,200,000

 
 

361,800

 
 

0.18

 
 

%

 
 

650,000

 
 

Aqua Rica, Argentina (7)

 
 

18.75

 
 

%

 
 

141,900

 
 

0.51

 
 

%

 
 

720,000

 
 

137,400

 
 

0.36

 
 

%

 
 

500,000

 
 

279,300

 
 

0.44

 
 

%

 
 

1,220,000

 
 

139,900

 
 

0.23

 
 

%

 
 

320,000

 
 

  TOTAL SOUTH AMERICA  

 
 

 

 
 

  363,800  

 
 

0.32

 
 

%

 
 

  1,180,000  

 
 

  1,445,200  

 
 

  0.27  

 
 

  %  

 
 

  3,870,000  

 
 

  1,809,000  

 
 

  0.28  

 
 

  %  

 
 

  5,050,000  

 
 

  1,242,900  

 
 

  0.29  

 
 

  %  

 
 

  3,600,000  

 
 

  Australia  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Boddington, Western Australia

 
 

100

 
 

%

 
 

62,500

 
 

0.11

 
 

%

 
 

70,000

 
 

149,300

 
 

0.12

 
 

%

 
 

170,000

 
 

211,800

 
 

0.11

 
 

%

 
 

240,000

 
 

3,900

 
 

0.09

 
 

%

 
 

 
 

  TOTAL AUSTRALIA  

 
 

 

 
 

  62,500  

 
 

  0.11  

 
 

  %  

 
 

  70,000  

 
 

  149,300  

 
 

  0.12  

 
 

  %  

 
 

  170,000  

 
 

  211,800  

 
 

  0.11  

 
 

  %  

 
 

  240,000  

 
 

  3,900  

 
 

  0.09  

 
 

  %  

 
 

  

 
 

  Nevada  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NGM, Nevada (8)

 
 

38.5

 
 

%

 
 

11,200

 
 

0.16

 
 

%

 
 

20,000

 
 

83,200

 
 

0.14

 
 

%

 
 

110,000

 
 

94,400

 
 

0.14

 
 

%

 
 

130,000

 
 

13,000

 
 

0.15

 
 

%

 
 

20,000

 
 

  TOTAL NEVADA  

 
 

 

 
 

  11,200  

 
 

  0.16  

 
 

  %  

 
 

  20,000  

 
 

  83,200  

 
 

  0.14  

 
 

  %  

 
 

  110,000  

 
 

  94,400  

 
 

  0.14  

 
 

  %  

 
 

  130,000  

 
 

  13,000  

 
 

  0.15  

 
 

  %  

 
 

  20,000  

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  565,900  

 
 

  0.39  

 
 

  %  

 
 

  2,190,000  

 
 

  2,101,100  

 
 

  0.28  

 
 

  %  

 
 

  5,790,000  

 
 

  2,667,000  

 
 

  0.30  

 
 

  %  

 
 

  7,980,000  

 
 

  1,358,900  

 
 

  0.29  

 
 

  %  

 
 

  3,880,000  

 
 
                           
 

  (1)

 
 

Resources are reported exclusive of reserves.

 
 

  (2)

 
 

Resources for 2020 and 2019 were estimated at a copper price of $3.25 per pound. Tonnage amounts have been rounded to the nearest 100,000.

 
 

  (3)

 
 

Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing.

 
 

  (4)

 
 

Project is currently undeveloped. Resource estimates provided by Teck Resources.

 
 

  (5)

 
 

Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.

 
 

  (6)

 
 

Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.

 
 

  (7)

 
 

Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture.

 
 

  (8)

 
 

Resource estimates provided by Barrick, the operator of the NGM joint venture.

 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 

  Attributable Proven, Probable and Combined Silver Reserves (1) Metric Units  

 
 

 

 
 

  December 31, 2020  

 
 

 

 
 

  December 31, 2019  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Proven Reserves

 
 

 

 
 

Probable Reserves

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Silver (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Silver (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Silver (3)

 
 

 

 
 

Metallurgical

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Silver (3)

 
 

Deposits/Districts

 
 

 

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

Recovery (3)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Peñasquito Open Pits, Mexico (4)

 
 

100

 
 

%

 
 

100,100

 
 

38.74

 
 

124,690

 
 

248,100

 
 

33.63

 
 

268,200

 
 

348,200

 
 

35.10

 
 

392,890

 
 

88

 
 

%

 
 

409,700

 
 

33.58

 
 

442,460

 
 

Peñasquito Stockpiles, Mexico (5)

 
 

100

 
 

%

 
 

11,800

 
 

30.03

 
 

11,400

 
 

27,800

 
 

24.01

 
 

21,460

 
 

39,600

 
 

25.81

 
 

32,860

 
 

82

 
 

%

 
 

31,800

 
 

28.24

 
 

28,900

 
 

  TOTAL NORTH AMERICA  

 
 

 

 
 

  111,900  

 
 

  37.82  

 
 

  136,090  

 
 

  275,900  

 
 

  32.66  

 
 

  289,660  

 
 

  387,800  

 
 

  34.15  

 
 

  425,750  

 
 

  88  

 
 

  %  

 
 

  441,500  

 
 

  33.20  

 
 

  471,360  

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Yanacocha Open Pits and Underground (6)

 
 

51.35

 
 

%

 
 

2,800

 
 

8.89

 
 

810

 
 

52,900

 
 

18.29

 
 

31,100

 
 

55,700

 
 

17.82

 
 

31,910

 
 

53

 
 

%

 
 

61,200

 
 

17.84

 
 

35,100

 
 

Yanacocha Stockpiles (5)

 
 

51.35

 
 

%

 
 

1,400

 
 

36.81

 
 

1,670

 
 

1,300

 
 

35.14

 
 

1,450

 
 

2,700

 
 

36.02

 
 

3,120

 
 

73

 
 

%

 
 

2,600

 
 

40.85

 
 

3,560

 
 

Yanacocha Leach Pads (7)

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

55,400

 
 

8.18

 
 

14,560

 
 

55,400

 
 

8.18

 
 

14,560

 
 

5

 
 

%

 
 

53,000

 
 

8.19

 
 

13,950

 
 

Total Yanacocha, Peru

 
 

 

 
 

4,200

 
 

18.19

 
 

2,480

 
 

109,600

 
 

13.85

 
 

47,110

 
 

113,800

 
 

13.85

 
 

49,590

 
 

40

 
 

%

 
 

116,800

 
 

14.01

 
 

52,610

 
 

Cerro Negro, Argentina (8)

 
 

100

 
 

%

 
 

2,400

 
 

66.89

 
 

5,060

 
 

6,600

 
 

72.12

 
 

15,360

 
 

9,000

 
 

70.75

 
 

20,420

 
 

75

 
 

%

 
 

8,400

 
 

79.51

 
 

21,340

 
 

Pueblo Viejo, Dominican Republic (9)

 
 

40

 
 

%

 
 

9,500

 
 

12.01

 
 

3,660

 
 

45,900

 
 

15.81

 
 

23,330

 
 

55,400

 
 

15.16

 
 

26,990

 
 

77

 
 

%

 
 

47,600

 
 

16.04

 
 

24,570

 
 

NuevaUnión, Chile (10)

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

1,118,000

 
 

1.31

 
 

47,170

 
 

1,118,000

 
 

1.31

 
 

47,170

 
 

66

 
 

%

 
 

776,900

 
 

1.54

 
 

38,440

 
 

Norte Abierto, Chile (11)

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

598,800

 
 

1.52

 
 

29,340

 
 

598,800

 
 

1.52

 
 

29,340

 
 

74

 
 

%

 
 

598,800

 
 

1.52

 
 

29,340

 
 

  TOTAL SOUTH AMERICA  

 
 

 

 
 

  16,100  

 
 

  21.67  

 
 

  11,200  

 
 

  1,878,900  

 
 

  2.69  

 
 

  162,310  

 
 

  1,895,000  

 
 

  2.85  

 
 

  173,510  

 
 

  63  

 
 

  %  

 
 

  1,548,500  

 
 

  3.34  

 
 

  166,300  

 
 

  Nevada  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NGM, Nevada (12)

 
 

38.5

 
 

%

 
 

6,000

 
 

7.83

 
 

1,500

 
 

53,800

 
 

6.90

 
 

11,930

 
 

59,800

 
 

6.99

 
 

13,430

 
 

38

 
 

%

 
 

64,600

 
 

7.10

 
 

14,760

 
 

  TOTAL NEVADA  

 
 

 

 
 

  6,000  

 
 

  7.83  

 
 

  1,500  

 
 

  53,800  

 
 

  6.90  

 
 

  11,930  

 
 

  59,800  

 
 

  6.99  

 
 

  13,430  

 
 

  38  

 
 

  %  

 
 

  64,600  

 
 

  7.10  

 
 

  14,760  

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  134,000  

 
 

  34.55  

 
 

  148,790  

 
 

  2,208,600  

 
 

  6.53  

 
 

  463,900  

 
 

  2,342,600  

 
 

  8.14  

 
 

  612,690  

 
 

  79  

 
 

  %  

 
 

  2,054,600  

 
 

  9.88  

 
 

  652,420  

 
 
                                       
 

  (1)

 
 

See footnote (1) to the Gold Reserves table above. Silver reserves for 2020 and 2019 were estimated at a silver price of $17 and $16 per ounce, respectively.

 
 

  (2)

 
 

See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.

 
 

  (3)

 
 

See footnote (3) to the Gold Reserves table above. Ounces may not recalculate as they are rounded to the nearest 10,000.

 
 

  (4)

 
 

Silver cut-off grade varies with gold, lead and zinc credits.

 
 

  (5)

 
 

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where ounces exceed 100,000 and are greater than 5% of the total site-reported reserves.

 
 

  (6)

 
 

Silver cut-off grade varies with gold and copper credits.

 
 

  (7)

 
 

Leach Pad material is the material on leach pads at the end of the year from which silver remains to be recovered. In-process material reserves are reported separately where tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000.

 
 

  (8)

 
 

Silver cut-off grade varies with gold credits.

 
 

  (9)

 
 

Reserve estimates provided by Barrick, the operator of Pueblo Viejo.

 
 

  (10)

 
 

Project is currently undeveloped. Reserve estimates provided by the NuevaUnión joint venture.

 
 

  (11)

 
 

Project is currently undeveloped. Reserve estimates provided by the Norte Abierto joint venture.

 
 

  (12)

 
 

Reserve estimates provided by Barrick, the operator of the NGM joint venture.

 
 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 

  Attributable Silver Mineral Resources (1)(2) - December 31, 2020, Metric Units  

 
 

 

 
 

 

 
 

 

 
 

Measured Resource

 
 

 

 
 

Indicated Resource

 
 

 

 
 

Measured and Indicated
Resource (3)

 
 

 

 
 

Inferred Resource

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Silver

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Silver

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Silver

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Silver

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(g/tonne)

 
 

 

 
 

(x1000 ozs)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Peñasquito, Mexico

 
 

100

 
 

%

 
 

34,900

 
 

26.81

 
 

30,080

 
 

241,900

 
 

26.74

 
 

207,990

 
 

276,800

 
 

26.75

 
 

238,070

 
 

150,900

 
 

26.36

 
 

127,920

 
 

Noche Buena, Mexico

 
 

50

 
 

%

 
 

 
 

 

 
 

 
 

27,500

 
 

12.35

 
 

10,920

 
 

27,500

 
 

12.35

 
 

10,920

 
 

2,500

 
 

8.08

 
 

640

 
 

Galore Creek, Canada (4)

 
 

50

 
 

%

 
 

128,400

 
 

5.79

 
 

23,900

 
 

423,400

 
 

3.75

 
 

51,020

 
 

551,800

 
 

4.22

 
 

74,920

 
 

99,100

 
 

2.65

 
 

8,440

 
 

  TOTAL NORTH AMERICA  

 
 

 

 
 

  163,300  

 
 

  10.28  

 
 

  53,980  

 
 

  692,800  

 
 

  12.12  

 
 

  269,930  

 
 

  856,100  

 
 

  11.77  

 
 

  323,910  

 
 

  252,500  

 
 

  16.88  

 
 

  137,000  

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Conga, Peru

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

356,300

 
 

2.06

 
 

23,580

 
 

356,300

 
 

2.06

 
 

23,580

 
 

89,900

 
 

1.13

 
 

3,250

 
 

Yanacocha Open Pits and Stockpiles

 
 

51.35

 
 

%

 
 

4,200

 
 

2.71

 
 

370

 
 

40,900

 
 

14.13

 
 

18,590

 
 

45,100

 
 

13.07

 
 

18,960

 
 

14,100

 
 

13.86

 
 

6,280

 
 

Yanacocha Underground

 
 

51.35

 
 

%

 
 

 
 

 

 
 

 
 

1,800

 
 

64.29

 
 

3,760

 
 

1,800

 
 

62.68

 
 

3,760

 
 

1,900

 
 

37.56

 
 

2,260

 
 

Total Yanacocha, Peru

 
 

 

 
 

4,200

 
 

2.71

 
 

370

 
 

42,700

 
 

16.28

 
 

22,350

 
 

46,900

 
 

15.07

 
 

22,720

 
 

16,000

 
 

16.60

 
 

8,540

 
 

Cerro Negro Underground

 
 

100

 
 

%

 
 

100

 
 

52.14

 
 

150

 
 

7,000

 
 

35.15

 
 

7,870

 
 

7,100

 
 

35.37

 
 

8,020

 
 

2,600

 
 

65.53

 
 

5,440

 
 

Cerro Negro Open Pit

 
 

100

 
 

%

 
 

900

 
 

8.53

 
 

240

 
 

1,000

 
 

7.87

 
 

250

 
 

1,900

 
 

8.18

 
 

490

 
 

100

 
 

11.07

 
 

20

 
 

Total Cerro Negro, Argentina

 
 

 

 
 

1,000

 
 

12.56

 
 

390

 
 

8,000

 
 

31.80

 
 

8,120

 
 

9,000

 
 

29.70

 
 

8,510

 
 

2,700

 
 

64.21

 
 

5,460

 
 

Pueblo Viejo, Dominican Republic (5)

 
 

40

 
 

%

 
 

34,800

 
 

10.24

 
 

11,480

 
 

56,700

 
 

8.84

 
 

16,120

 
 

91,500

 
 

9.38

 
 

27,600

 
 

27,500

 
 

7.77

 
 

6,870

 
 

NuevaUnión, Chile (6)

 
 

50

 
 

%

 
 

164,300

 
 

0.96

 
 

5,080

 
 

349,900

 
 

1.19

 
 

13,370

 
 

514,200

 
 

1.12

 
 

18,450

 
 

602,200

 
 

1.16

 
 

22,530

 
 

Norte Abierto, Chile (7)

 
 

50

 
 

%

 
 

77,300

 
 

1.20

 
 

2,990

 
 

596,900

 
 

1.07

 
 

20,560

 
 

674,200

 
 

1.09

 
 

23,550

 
 

369,600

 
 

0.95

 
 

11,330

 
 

Aqua Rica, Argentina (8)

 
 

18.75

 
 

%

 
 

120,200

 
 

2.90

 
 

11,190

 
 

135,700

 
 

2.41

 
 

10,520

 
 

255,900

 
 

2.64

 
 

21,710

 
 

139,300

 
 

1.62

 
 

7,260

 
 

  TOTAL SOUTH AMERICA  

 
 

 

 
 

  401,800  

 
 

  2.44  

 
 

  31,500  

 
 

  1,546,200  

 
 

  2.31  

 
 

  114,620  

 
 

  1,948,000  

 
 

  2.33  

 
 

  146,120  

 
 

  1,247,200  

 
 

  1.63  

 
 

  65,240  

 
 

  Nevada  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NGM, Nevada (9)

 
 

38.5

 
 

%

 
 

4,300

 
 

5.88

 
 

810

 
 

60,500

 
 

5.73

 
 

11,130

 
 

64,800

 
 

5.74

 
 

11,940

 
 

8,700

 
 

5.91

 
 

1,650

 
 

  TOTAL NEVADA  

 
 

 

 
 

  4,300  

 
 

  5.88  

 
 

  810  

 
 

  60,500  

 
 

  5.73  

 
 

  11,130  

 
 

  64,800  

 
 

  5.74  

 
 

  11,940  

 
 

  8,700  

 
 

  5.91  

 
 

  1,650  

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  569,400  

 
 

  4.71  

 
 

  86,290  

 
 

  2,299,500  

 
 

  5.35  

 
 

  395,680  

 
 

  2,868,900  

 
 

  5.23  

 
 

  481,970  

 
 

  1,508,400  

 
 

  4.21  

 
 

  203,890  

 
 
                              
 

  (1)

 
 

 

 
 

Resources are reported exclusive of reserves.

 
 

  (2)

 
 

 

 
 

Resource for 2020 and 2019 were estimated at a silver price of $20 per ounce. Tonnage amounts have been rounded to the nearest 100,000.

 
 

  (3)

 
 

Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing.

 
 

  (4)

 
 

Project is currently undeveloped. Resource estimates provided by Teck Resources.

 
 

  (5)

 
 

Resource estimates provided by Barrick, the operator of Pueblo Viejo.

 
 

  (6)

 
 

Project is currently undeveloped. Resource estimates provided by the NuevaUnión joint venture.

 
 

  (7)

 
 

Project is currently undeveloped. Resource estimates provided by the Norte Abierto joint venture.

 
 

  (8)

 
 

Project is currently undeveloped. Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture.

 
 

  (9)

 
 

Resource estimates provided by Barrick, the operator of the NGM joint venture.

 
 
 
                                                                                                                                                                                                                  
 

  Attributable Zinc Reserves (1) Metric Units  

 
 

 

 
 

  December 31, 2020  

 
 

 

 
 

  December 31, 2019  

 
 

 

 
 

 

 
 

 

 
 

Proven Reserves

 
 

 

 
 

Probable Reserves

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Zinc (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Zinc (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Zinc (3)

 
 

 

 
 

Metallurgical

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Zinc (3)

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

Recovery

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn %)

 
 

 

 
 

(Tonnes)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Peñasquito Open Pits, Mexico (4)

 
 

100

 
 

%

 
 

100,100

 
 

0.98

 
 

%

 
 

980,000

 
 

248,100

 
 

0.77

 
 

%

 
 

1,910,000

 
 

348,200

 
 

0.83

 
 

%

 
 

2,890,000

 
 

82

 
 

%

 
 

406,800

 
 

0.79

 
 

%

 
 

3,210,000

 
 

Peñasquito Stockpiles, Mexico (5)

 
 

100

 
 

%

 
 

11,800

 
 

0.62

 
 

%

 
 

70,000

 
 

27,800

 
 

0.44

 
 

%

 
 

120,000

 
 

39,600

 
 

0.49

 
 

%

 
 

190,000

 
 

72

 
 

%

 
 

31,800

 
 

0.49

 
 

%

 
 

150,000

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  111,900  

 
 

  0.94  

 
 

  %  

 
 

  1,050,000  

 
 

  275,900  

 
 

  0.74  

 
 

  %  

 
 

  2,030,000  

 
 

  387,800  

 
 

  0.80  

 
 

  %  

 
 

  3,080,000  

 
 

  82  

 
 

  %  

 
 

  438,600  

 
 

  0.77  

 
 

  %  

 
 

  3,360,000  

 
 
                  
 

  (1)

 
 

See footnote (1) to the Gold Reserves table above. Zinc reserves for 2020 and 2019 were estimated at a zinc price of $1.15 and $1.20 per pound, respectively.

 
 

  (2)

 
 

See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.

 
 

  (3)

 
 

See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000.

 
 

  (4)

 
 

Zinc cut-off grade varies with level of gold, silver and zinc credits.

 
 

  (5)

 
 

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnes exceed 10,000 and are greater than 5% of the total site-reported reserves.

 
 
 
                                                                                                                                                            
 

  Attributable Zinc Resources (1)(2) - December 31, 2020, Metric Units  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Measured Resource

 
 

 

 
 

Indicated Resource

 
 

 

 
 

Measured and Indicated
Resource (3)

 
 

 

 
 

Inferred Resource

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Zinc

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Zinc

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Zinc

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Zinc

 
 

Deposits/Districts

 
 

 

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Zn%)

 
 

 

 
 

(tonnes)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Peñasquito, Mexico

 
 

100

 
 

%

 
 

34,900

 
 

0.69

 
 

%

 
 

240,000

 
 

241,900

 
 

0.59

 
 

%

 
 

1,430,000

 
 

276,800

 
 

0.60

 
 

%

 
 

1,670,000

 
 

150,900

 
 

0.53

 
 

%

 
 

790,000

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  34,900  

 
 

  0.69  

 
 

  %  

 
 

  240,000  

 
 

  241,900  

 
 

  0.59  

 
 

  %  

 
 

  1,430,000  

 
 

  276,800  

 
 

  0.60  

 
 

  %  

 
 

  1,670,000  

 
 

  150,900  

 
 

  0.53  

 
 

  %  

 
 

  790,000  

 
 
            
 

  (1)

 
 

Resources are reported exclusive of reserves.

 
 

  (2)

 
 

Resources for 2020 and 2019 were estimated at a zinc price of $1.40 and $1.45 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000.

 
 

  (3)

 
 

Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing.

 
 
 
                                                                                                                                                                                                                  
 

  Attributable Lead Reserves (1) Metric Units  

 
 

 

 
 

 

 
 

  December 31, 2020  

 
 

 

 
 

  December 31, 2019  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Proven Reserves

 
 

 

 
 

Probable Reserves

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Lead (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Lead (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Lead (3)

 
 

 

 
 

Metallurgical

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Lead (3)

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

Recovery

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb %)

 
 

 

 
 

(Tonnes)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Peñasquito Open Pits, Mexico (4)

 
 

100

 
 

%

 
 

100,100

 
 

0.39

 
 

%

 
 

390,000

 
 

248,100

 
 

0.33

 
 

%

 
 

810,000

 
 

348,200

 
 

0.34

 
 

%

 
 

1,200,000

 
 

78

 
 

%

 
 

406,800

 
 

0.34

 
 

%

 
 

1,370,000

 
 

Peñasquito Stockpiles, Mexico (5)

 
 

100

 
 

%

 
 

11,800

 
 

0.36

 
 

%

 
 

40,000

 
 

27,800

 
 

0.32

 
 

%

 
 

90,000

 
 

39,600

 
 

0.33

 
 

%

 
 

130,000

 
 

64

 
 

%

 
 

31,800

 
 

0.35

 
 

%

 
 

110,000

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  111,900  

 
 

  0.39  

 
 

  %  

 
 

  430,000  

 
 

  275,900  

 
 

  0.32  

 
 

  %  

 
 

  900,000  

 
 

  387,800  

 
 

  0.34  

 
 

  %  

 
 

  1,330,000  

 
 

  76  

 
 

  %  

 
 

  438,600  

 
 

  0.34  

 
 

  %  

 
 

  1,480,000  

 
 
                  
 

  (1)

 
 

See footnote (1) to the Gold Reserves table above. Lead reserves for 2020 and 2019 were estimated at a lead price of $0.90 and $0.95 per pound, respectively.

 
 

  (2)

 
 

See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.

 
 

  (3)

 
 

See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000.

 
 

  (4)

 
 

Lead cut-off grade varies with level of gold, silver and zinc credits.

 
 

  (5)

 
 

Stockpiles are comprised primarily of material that has been set aside to allow processing of higher grade material in the mills. Stockpiles increase or decrease depending on current mine plans. Stockpile reserves are reported separately where tonnes exceed 10,000 and are greater than 5% of the total site-reported reserves.

 
 
 
                                                                                                                                                            
 

  Attributable Lead Resources (1)(2) - December 31, 2020, Metric Units  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Measured Resource

 
 

 

 
 

Indicated Resource

 
 

 

 
 

Measured and Indicated
Resource (3)

 
 

 

 
 

Inferred Resource

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Lead

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Lead

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Lead

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Lead

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Pb%)

 
 

 

 
 

(tonnes)

 
 

  North America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Peñasquito, Mexico

 
 

100

 
 

%

 
 

34,900

 
 

0.30

 
 

%

 
 

100,000

 
 

241,900

 
 

0.27

 
 

%

 
 

660,000

 
 

276,800

 
 

0.28

 
 

%

 
 

760,000

 
 

150,900

 
 

0.27

 
 

%

 
 

400,000

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  34,900  

 
 

  0.30  

 
 

  %  

 
 

  100,000  

 
 

  241,900  

 
 

  0.27  

 
 

  %  

 
 

  660,000  

 
 

  276,800  

 
 

  0.28  

 
 

  %  

 
 

  760,000  

 
 

  150,900  

 
 

  0.27  

 
 

  %  

 
 

  400,000  

 
 
            
 

  (1)

 
 

Resources are reported exclusive of reserves.

 
 

  (2)

 
 

Resources for 2020 and 2019 were estimated at a lead price of $1.10 and $1.15 per pound, respectively. Tonnage amounts have been rounded to the nearest 100,000.

 
 

  (3)

 
 

Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing.

 
 
 
                                                                                                                                                                            
 

  Attributable Molybdenum Reserves (1) Metric Units  

 
 

 

 
 

  December 31, 2020  

 
 

 

 
 

  December 31, 2019  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Proven Reserves

 
 

 

 
 

Probable Reserves

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

 

 
 

Proven and Probable Reserves

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum (3)

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum (3)

 
 

 

 
 

Metallurgical

 
 

 

 
 

Tonnage (2)

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum (3)

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo %)

 
 

 

 
 

(Tonnes)

 
 

 

 
 

Recovery

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo %)

 
 

 

 
 

(Tonnes)

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NuevaUnión, Chile (4)

 
 

50.00

 
 

%

 
 

 
 

 

 
 

 
 

776,900

 
 

0.02

 
 

%

 
 

120,000

 
 

776,900

 
 

0.02

 
 

%

 
 

120,000

 
 

48

 
 

%

 
 

776,900

 
 

0.02

 
 

%

 
 

120,000

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  

 
 

 

 
 

  

 
 

  776,900  

 
 

  0.02  

 
 

  %  

 
 

  120,000  

 
 

  776,900  

 
 

  0.02  

 
 

  %  

 
 

  120,000  

 
 

  48  

 
 

  %  

 
 

  776,900  

 
 

  0.02  

 
 

  %  

 
 

  120,000  

 
 
               
 

  (1)

 
 

See footnote (1) to the Gold Reserves table above. Molybdenum reserves were estimated based on a molybdenum price set by NuevaUnión joint venture.

 
 

  (2)

 
 

See footnote (2) to the Gold Reserves table above. Tonnages are rounded to nearest 100,000.

 
 

  (3)

 
 

See footnote (3) to the Gold Reserves table above. Tonnes may not recalculate as they are rounded to the nearest 10,000.

 
 

  (4)

 
 

Project is currently undeveloped. Resource estimates provided by NuevaUnión joint venture.

 
 
 
                                                                                                                                                                                            
 

  Attributable Molybdenum Resources (1)(2) - December 31, 2020, Metric Units  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Measured Resource

 
 

 

 
 

Indicated Resource

 
 

 

 
 

Measured and Indicated
Resource (3)

 
 

 

 
 

Inferred Resource

 
 

 

 
 

 

 
 

Newmont

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum

 
 

 

 
 

Tonnage

 
 

 

 
 

Grade

 
 

 

 
 

Molybdenum

 
 

Deposits/Districts

 
 

Share

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo%)

 
 

 

 
 

(tonnes)

 
 

 

 
 

(x1000 tonnes)

 
 

 

 
 

(Mo%)

 
 

 

 
 

(tonnes)

 
 

  South America  

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

NuevaUnión, Chile (4)

 
 

50

 
 

%

 
 

159,500

 
 

0.01

 
 

%

 
 

10,000

 
 

231,500

 
 

0.01

 
 

%

 
 

20,000

 
 

391,000

 
 

0.01

 
 

%

 
 

30,000

 
 

362,300

 
 

0.01

 
 

%

 
 

40,000

 
 

Aqua Rica, Argentina (5)

 
 

18.75

 
 

%

 
 

141,900

 
 

0.03

 
 

%

 
 

40,000

 
 

137,400

 
 

0.03

 
 

%

 
 

40,000

 
 

279,300

 
 

0.03

 
 

%

 
 

80,000

 
 

139,900

 
 

0.03

 
 

%

 
 

40,000

 
 

  TOTAL NEWMONT  

 
 

 

 
 

  301,400  

 
 

  0.02  

 
 

  %  

 
 

  50,000  

 
 

  368,900  

 
 

  0.02  

 
 

  %  

 
 

  60,000  

 
 

  670,300  

 
 

  0.02  

 
 

  %  

 
 

  110,000  

 
 

  502,200  

 
 

  0.02  

 
 

  %  

 
 

  80,000  

 
 
                  
 

  (1)

 
 

Resources are reported exclusive of reserves.

 
 

  (2)

 
 

Resources for NuevaUnión and Aqua Rica are estimated based on a molybdenum price set by NuevaUnión joint venture and Yamana, respectively. Tonnage amounts have been rounded to the nearest 100,000.

 
 

  (3)

 
 

Measured and Indicated Resources (combined) are equivalent to Mineralized Material disclosed in Newmont's Form 10-K filing.

 
 

  (4)

 
 

Project is currently undeveloped. Resource estimates provided by NuevaUnión joint venture.

 
 

  (5)

 
 

Resource estimates provided by Yamana, the operator of the Aqua Rica joint venture.

 
 
 

   Cautionary Statement:   

 

The "Mineral Reserves" or "reserves" disclosed in this release have been prepared in compliance with Industry Guide 7 published by the SEC. As used in this news release, the term "reserve" means that part of a mineral deposit that can be economically and legally extracted or produced at the time of the reserve determination. The term "economically," as used in this definition, means that profitable extraction or production has been established or analytically demonstrated in a feasibility study to be viable and justifiable under reasonable investment and market assumptions. The term "legally," as used in this definition, does not imply that all permits needed for mining and processing have been obtained or that other legal issues have been completely resolved. However, for a reserve to exist, Newmont must have a justifiable expectation, based on applicable laws and regulations, that issuance of permits or resolution of legal issues necessary for mining and processing at a particular deposit will be accomplished in the ordinary course and in a timeframe consistent with Newmont's current mine plans. Reserves in this news release are aggregated from the proven and probable classes. The term "Proven Reserves" used in the tables of this news release means reserves for which (a) quantity is estimated from dimensions revealed in outcrops, trenches, workings or drill holes; (b) grade and/or quality are estimated from the results of detailed sampling; and (c) the sites for inspection, sampling and measurements are spaced so closely and the geologic character is sufficiently defined that size, shape, depth and mineral content of reserves are well established. The term "Probable Reserves" means reserves for which quantity and grade are estimated from information similar to that used for proven reserves, but the sites for sampling are farther apart or are otherwise less closely spaced. The degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation. Newmont classifies all reserves as Probable on its development projects until a year of production has confirmed all assumptions made in the reserve estimates. Proven and Probable reserves include gold, copper, silver, zinc, lead or molybdenum attributable to Newmont's ownership or economic interest. Proven and probable reserves were calculated using cut-off grades. The term "cutoff grade" means the lowest grade of mineralized material considered economic to process. Cut-off grades vary between deposits depending upon prevailing economic conditions, mineability of the deposit, by-products, amenability of the ore to gold, copper, silver, zinc, lead, molybdenum extraction and type of milling or leaching facilities available.

 

   Notice for U.S. Investors:   

 

The terms "resources" and "Measured, Indicated and Inferred resources" are used in this news release. Investors are advised that the SEC does not recognize these terms and "resources" have not been prepared in accordance with Industry Guide 7. Newmont has determined that such "resources" would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration (SME) and defined as "Mineral Resource". Estimates of resources are subject to further exploration and development, are subject to additional risks, and no assurance can be given that they will eventually convert to future reserves. Inferred Resources, in particular, have a great amount of uncertainty as to their existence and their economic and legal feasibility. Investors are cautioned not to assume that any part or all of the Inferred Resource exists, or is economically or legally mineable. Also, disclosure of contained ounces is permitted under the SME Guideline and other regulatory guidelines, such as Canada's NI 43-101 and Australia's JORC. However, the SEC generally requires mineral resource information in SEC-filed documents to be reported only as in-place tonnage and grade. Investors are reminded that even if significant mineralization is discovered and converted to reserves, during the time necessary to ultimately move such mineralization to production the economic feasibility of production may change. US investors are encouraged to refer to the "Proven and Probable Reserve" tables contained herein for reserves prepared in compliance with the SEC's Industry Guide 7, and to the Company's website for the "Proven and Probable Reserve" and "Mineralized Material tables, available at www.newmont.com and included in the Company's Form 10-K, expected to be filed on or about February 18, 2021, on www.sec.gov . Investors are reminded that the tables presented in the Annual Report are estimates as of December 31, 2020 and were presented on an attributable basis reflecting the Company's ownership interest at such time.

 

  Cautionary Statement Regarding Forward Looking Statements:  

 

This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements may include, without limitation, estimates and expectations of future production, exploration outlook and expected expenditure, and operational and financial performance. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed or implied by the "forward-looking statements". Such assumptions, include, but are not limited to the key assumptions set forth on page 5 hereof. For a more detailed discussion of risks and other factors that might impact future looking statements, see the Company's Annual Report on Form 10-K for the year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission (the "SEC"), under the heading "Risk Factors", as well as the COVID-19 related "Risk Factor" in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, filed with the SEC, available on the SEC website or www.newmont.com . Investors are also encouraged to refer to the Company's 2020 Form 10-K, which is expected to be filed on or about February 18, 2021, with the SEC under the headings "Risk Factors" and "Forward-Looking Statements" for additional information, The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk.

 

  About Newmont  

 

Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

 

  

  

  Media Contact  
Courtney Boone, 303.837.5159
courtney.boone@newmont.com  

Investor Contact  
Eric Colby, 303.837.5724
eric.colby@newmont.com  

 

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Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

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A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

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Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
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  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
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  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
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 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

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