Newmont Provides Preliminary 2011 Operating Highlights and 2012 Outlook; Sees 2012 Copper Production 150M-170M Pounds
Newmont Mining Corporation (NYSE: NEM) announced preliminary attributable gold and copper production and costs applicable to sales in-line with its 2011 Outlook.
Full Year and Fourth Quarter Preliminary 2011 Operating Highlights:
o Attributable gold and copper production of 5.2 million ounces and 206 million pounds, and 1.3 million ounces and 48 million pounds for 2011 and the fourth quarter, respectively; o Average realized gold and copper price of approximately $1,563 per ounce and $3.54 per pound, and $1,670 per ounce and $3.41 per pound for 2011 and the fourth quarter, respectively; o Costs applicable to sales for gold and copper of $592 per ounce and $1.26 per pound, and $606 per ounce and $1.58 per pound, for 2011 and the fourth quarter, respectively; and o Consolidated capital expenditures of $3.0 billion and $998 million for 2011 and the fourth quarter, respectively.
