Newmont Increases Gold Reserves to 99.2 Million Ounces and Reports Copper Reserves at 9.5 Billion Pounds
Newmont also Added New Reserves at Merian and New Resources at Long Canyon
DENVER, Feb. 21, 2013 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced it increased attributable gold reserves by 0.4 million ounces, net of depletion, to 99.2 million ounces in 2012. Highlights include:
- Gold reserves of 99.2 million ounces;
- Copper reserves of 9.5 billion pounds;
- The addition of 2.9 million ounces of gold reserves at the Merian project in Suriname; and
- The addition of 2.6 million ounces of gold inferred resources at the Long Canyon project in Nevada.
"We are pleased to announce 6.6 million ounces of gold reserve additions in 2012 at higher grades than depleted, with 2.9 million ounces of new reserves declared at Merian in Suriname," said Gary Goldberg, President and Chief Operating Officer. "We also declared 2.6 million ounces of gold inferred resource at Long Canyon in Nevada," Goldberg added.
Gold and copper reserves1 were calculated at $1,400 per ounce, and $3.25 per pound, respectively. A $100 increase in gold price would result in an approximate 2.8% increase in gold reserves while a $100 decrease in gold price would result in an approximate 7.6% decrease in gold reserves. Gold and copper price related reserve additions accounted for 1.5 million ounces of gold and approximately 0.1 billion pounds of copper in 2012, as highlighted in the following charts.
1For detailed information on the Company's year-end attributable Proven and Probable Reserves and Measured, Indicated and Inferred Resources, please refer to the Supplemental Information and the cautionary statement at the end of this release.
(Photo: http://photos.prnewswire.com/prnh/20130221/LA64354-INFO-a)
Attributable measured and indicated gold resources for 2012 were 22.3 million ounces. In addition, attributable inferred gold resources were 17.9 million ounces. Attributable measured and indicated copper resources for 2012 were 2.2 billion pounds. In addition, attributable inferred copper resources were 970 million pounds. Gold and copper resources were calculated using prices of $1,600 per ounce and $3.50 per pound, respectively.
Attributable proven and probable silver reserves for 2012 were 186 million ounces. Attributable measured and indicated silver resources for 2012 were 53 million ounces, with additional inferred silver resources of 35 million ounces. Silver reserves and resources were calculated using prices of $30 and $35 per ounce, respectively.
Exploration: 2013 Planned Activity
Newmont's 2013 attributable exploration budget is $249 million, with over 40% allocated to North America, and the balance split between Asia Pacific, Africa, South America, and other strategic programs, as shown in the chart below. Of the total attributable exploration budget, approximately three quarters is expected to be focused on brownfields exploration activity, with the balance targeted on greenfields programs.
(Photo: http://photos.prnewswire.com/prnh/20130221/LA64354-INFO-b)
22013 Opportunity Fund budget to be allocated regionally to the highest ranking projects identified throughout the course of the year, consistent with prior year practice.
Reserve and Resource Tables
Proven and Probable reserves are based on extensive drilling, sampling, mine modeling and metallurgical testing from which we determined economic feasibility. 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 relevant processing methods. The cut-off grade, or lowest grade of mineralized 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 and copper will be realized. Ounces of gold and silver or pounds of copper included in the proven and probable reserves are calculated without regard to any losses during metallurgical treatment. Reserve estimates may require revision based on actual production. Market fluctuations in the price of gold and copper, 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 pounds of copper included in the Measured, Indicated and Inferred resources are calculated without regard to any losses during metallurgical treatment. Market fluctuations in the price of gold and copper, as well as increased production costs or reduced metallurgical recovery rates, could change future estimates of resources.
We publish reserves and resources annually, and will recalculate reserves and resources at December 31, 2013, taking into account metal prices, changes, if any, in future production and capital costs, divestments and depletion as well as any acquisitions and additions during 2013.
| Attributable Proven, Probable, and Combined Gold Reserves(1),U.S Units |
||||||||||||||||||
| December 31, 2012 |
December 31, 2011 |
|||||||||||||||||
| Deposits/Districts by Reporting Unit |
Proven Reserves |
Probable Reserves |
Proven and Probable Reserves |
Metallurgical Recovery |
Proven + Probable Reserves |
|||||||||||||
| Newmont Share |
Tonnage |
Grade |
Gold |
Tonnage |
Grade |
Gold |
Tonnage |
Grade |
Gold |
Tonnage |
Grade |
Gold |
||||||
| (x1000 tons) |
(oz/ton) |
(x1000 ozs) |
(x1000 tons) |
(oz/ton) |
(x1000 ozs) |
(x1000 tons) |
(oz/ton) |
(x1000 ozs) |
(x1000 tons) |
(oz/ton) |
(x1000 ozs) |
|||||||
| North America |
||||||||||||||||||
| Carlin Open Pits, Nevada |
100% |
82,100 |
0.059 |
4,810 |
231,100 |
0.030 |
6,840 |
313,200 |
0.037 |
11,650 |
74% |
331,700 |
0.038 |
12,620 |
||||
| Carlin Underground, Nevada |
100% |
14,500 |
0.252 |
3,650 |
9,000 |
0.285 |
2,580 |
23,500 |
0.265 |
6,230 |
86% |
18,000 |
0.282 |
5,090 |
||||
| Midas, Nevada |
100% |
200 |
0.191 |
30 |
400 |
0.055 |
20 |
600 |
0.095 |
50 |
90% |
800 |
0.226 |
160 |
||||
| Phoenix, Nevada |
100% |
22,700 |
0.019 |
440 |
417,200 |
0.017 |
6,990 |
439,900 |
0.017 |
7,430 |
73% |
447,100 |
0.016 |
7,250 |
||||
| Twin Creeks, Nevada |
100% |
7,100 |
0.101 |
720 |
51,200 |
0.052 |
2,680 |
58,300 |
0.058 |
3,400 |
80% |
48,300 |
0.078 |
3,780 |
||||
| Turquoise Ridge, Nevada(2) |
25% |
2,200 |
0.396 |
860 |
2,900 |
0.370 |
1,080 |
5,100 |
0.381 |
1,940 |
92% |
4,000 |
0.442 |
1,760 |
||||
| Nevada In-Process(3) |
100% |
25,500 |
0.018 |
450 |
0 |
0 |
25,500 |
0.018 |
450 |
64% |
23,000 |
0.020 |
460 |
|||||
| Nevada Stockpiles(4) |
100% |
68,900 |
0.055 |
3,830 |
3,400 |
0.026 |
90 |
72,300 |
0.054 |
3,920 |
75% |
68,200 |
0.052 |
3,530 |
||||
| Total Nevada |
223,200 |
0.066 |
14,790 |
715,200 |
0.028 |
20,280 |
938,400 |
0.037 |
35,070 |
77% |
941,100 |
0.037 |
34,650 |
|||||
| La Herradura, Mexico |
44% |
85,500 |
0.017 |
1,470 |
72,600 |
0.016 |
1,140 |
158,100 |
0.017 |
2,610 |
67% |
111,400 |
0.021 |
2,330 |
||||
| TOTAL NORTH AMERICA |
308,700 |
0.053 |
16,260 |
787,800 |
0.027 |
21,420 |
1,096,500 |
0.034 |
37,680 |
77% |
1,052,500 |
0.035 |
36,980 |
|||||
| South America |
||||||||||||||||||
| Conga, Peru(5) |
51.35% |
0 |
0 |
303,400 |
0.021 |
6,460 |
303,400 |
0.021 |
6,460 |
75% |
303,400 |
0.021 |
6,460 |
|||||
| Yanacocha Open Pits(6) |
51.35% |
23,000 |
0.057 |
1,310 |
73,400 |
0.014 |
1,050 |
96,400 |
0.024 |
2,360 |
73% |
119,900 |
0.030 |
3,570 |
||||
| Yanacocha In-Process(3) |
51.35% |
8,600 |
0.026 |
220 |
0 |
0 |
8,600 |
0.026 |
220 |
78% |
15,200 |
0.025 |
390 |
|||||
| Yanacocha Stockpiles(4) |
51.35% |
8,400 |
0.054 |
460 |
0 |
0 |
8,400 |
0.054 |
460 |
60% |
Not Disclosed in 2011 |
|||||||
| Total Yanacocha, Peru |
51.35% |
40,000 |
0.050 |
1,990 |
73,400 |
0.014 |
1,050 |
113,400 |
0.027 |
3,040 |
72% |
135,100 |
0.029 |
3,960 |
||||
| La Zanja, Peru(7) |
46.94% |
1,700 |
0.021 |
40 |
10,800 |
0.017 |
190 |
12,500 |
0.018 |
230 |
66% |
21,400 |
0.016 |
330 |
||||
| Merian, Suriname(8) |
80% |
0 |
0 |
79,800 |
0.036 |
2,850 |
79,800 |
0.036 |
2,850 |
93% |
||||||||
| TOTAL SOUTH AMERICA |
41,700 |
0.048 |
2,030 |
467,400 |
0.023 |
10,550 |
509,100 |
0.025 |
12,580 |
78% |
459,900 |
0.023 |
10,750 |
|||||
| Asia Pacific |
||||||||||||||||||
| Batu Hijau Open Pit(9) |
48.5% |
131,300 |
0.017 |
2,170 |
166,600 |
0.006 |
940 |
297,900 |
0.010 |
3,110 |
76% |
323,700 |
0.010 |
3,150 |
||||
| Batu Hijau Stockpiles(4)(5)(9) |
48.5% |
0 |
0 |
140,600 |
0.003 |
440 |
140,600 |
0.003 |
440 |
70% |
156,900 |
0.003 |
490 |
|||||
| Total Batu Hijau, Indonesia |
48.5% |
131,300 |
0.017 |
2,170 |
307,200 |
0.004 |
1,380 |
438,500 |
0.008 |
3,550 |
76% |
480,600 |
0.008 |
3,640 |
||||
| Boddington, Western Australia |
100% |
117,100 |
0.020 |
2,390 |
813,400 |
0.019 |
15,270 |
930,500 |
0.019 |
17,660 |
81% |
1,053,500 |
0.019 |
19,490 |
||||
| Boddington Stockpiles |
100% |
32,000 |
0.017 |
540 |
31,800 |
0.013 |
400 |
63,800 |
0.015 |
940 |
81% |
0 |
0 |
|||||
| Total Boddington, Western Australia |
100% |
149,100 |
0.020 |
2,930 |
845,200 |
0.019 |
15,670 |
994,300 |
0.019 |
18,600 |
81% |
1,053,500 |
0.019 |
19,490 |
||||
| Duketon, Western Australia(10) |
19.75% |
1,500 |
0.044 |
70 |
11,100 |
0.045 |
500 |
12,600 |
0.045 |
570 |
95% |
10,800 |
0.045 |
490 |
||||
| Jundee, Western Australia |
100% |
2,300 |
0.090 |
210 |
1,600 |
0.188 |
300 |
3,900 |
0.130 |
510 |
91% |
3,800 |
0.174 |
650 |
||||
| Kalgoorlie Open Pit and Underground |
50% |
11,700 |
0.059 |
690 |
38,700 |
0.056 |
2,180 |
50,400 |
0.057 |
2,870 |
85% |
55,000 |
0.057 |
3,140 |
||||
| Kalgoorlie Stockpiles(4)(5) |
50% |
57,900 |
0.023 |
1,330 |
0 |
0 |
57,900 |
0.023 |
1,330 |
83% |
53,900 |
0.023 |
1,260 |
|||||
| Total Kalgoorlie, Western Australia |
50% |
69,600 |
0.029 |
2,020 |
38,700 |
0.056 |
2,180 |
108,300 |
0.039 |
4,200 |
84% |
108,900 |
0.040 |
4,400 |
||||
| Tanami, Northern Territory |
100% |
5,000 |
0.174 |
860 |
8,900 |
0.153 |
1,360 |
13,900 |
0.161 |
2,220 |
95% |
16,700 |
0.152 |
2,520 |
||||
| Waihi, New Zealand |
100% |
100 |
0.175 |
20 |
2,900 |
0.097 |
280 |
3,000 |
0.101 |
300 |
89% |
3,200 |
0.112 |
360 |
||||
| TOTAL ASIA PACIFIC |
358,900 |
0.023 |
8,280 |
1,215,600 |
0.018 |
21,670 |
1,574,500 |
0.019 |
29,950 |
82% |
1,677,500 |
0.019 |
31,550 |
|||||
| Africa |
||||||||||||||||||
| Ahafo Open Pits(11) |
100% |
0 |
0 |
183,100 |
0.055 |
10,150 |
183,100 |
0.055 |
10,150 |
88% |
194,700 |
0.055 |
10,790 |
|||||
| Ahafo Underground(12) |
100% |
0 |
0.000 |
0 |
4,900 |
0.13 |
630 |
4,900 |
0.129 |
630 |
92% |
5,900 |
0.112 |
660 |
||||
| Ahafo Stockpiles(4) |
100% |
27,200 |
0.030 |
800 |
0 |
0 |
27,200 |
0.030 |
800 |
86% |
21,000 |
0.030 |
630 |
|||||
| Total Ahafo, Ghana |
100% |
27,200 |
0.030 |
800 |
188,000 |
0.057 |
10,780 |
215,200 |
0.054 |
11,580 |
88% |
221,600 |
0.055 |
12,080 |
||||
| Akyem, Ghana(13) |
100% |
300 |
0.097 |
20 |
144,300 |
0.051 |
7,360 |
144,600 |
0.051 |
7,380 |
88% |
144,500 |
0.051 |
7,390 |
||||
| TOTAL AFRICA |
27,500 |
0.030 |
820 |
332,300 |
0.055 |
18,140 |
359,800 |
0.053 |
18,960 |
88% |
366,100 |
0.053 |
19,470 |
|||||
| TOTAL NEWMONT WORLDWIDE |
736,800 |
0.037 |
27,390 |
2,803,100 |
0.026 |
71,780 |
3,539,900 |
0.028 |
99,170 |
81% |
3,556,000 |
0.028 |
98,750 |
|||||
| (1) |
Reserves are calculated at a a gold price of US$1,400, A$1,400, or NZ$1,800 per ounce unless otherwise noted. 2011 reserves were calculated at a gold price of US$1,200, A$1,250, or NZ$1,600 per ounce unless otherwise noted. Tonnage amounts have been rounded to the nearest 100,000 unless they are less than 50,000, and gold ounces have been rounded to the nearest 10,000. |
|||||||||||||||||
| (2) |
Reserve estimates provided by Barrick, the operator of the Turquoise Ridge Joint Venture. |
|||||||||||||||||
| (3) |
In-process material is the material on leach pads at the end of each year from which gold remains to be recovered. In-process material reserves are reported separately where tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000. |
|||||||||||||||||
| (4) |
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 tonnage or contained ounces are greater than 5% of the total site-reported reserves and contained ounces are greater than 100,000. |
|||||||||||||||||
| (5) |
Project is under development. |
|||||||||||||||||
| (6) |
Reserves include the currently undeveloped deposit at La Quinua Sur and Marleny, which contains reserves of 0.5 million attributable ounces. |
|||||||||||||||||
| (7) |
Reserves estimates were provided by Buenaventura, the operator of the La Zanja project. |
|||||||||||||||||
| (8) |
Project has completed Feasibility and awaits construction decision. Percentage reflects Newmont's economic interest at the time of Reserve declaration. Mineral agreement with the Government of Suriname allows the government to purchase up to 25% interest in the project within 60 days after exploitation license is issued, which is expected in early 2013. |
|||||||||||||||||
| (9) |
Percentage reflects Newmont's economic interest as of December 31, 2012. |
|||||||||||||||||
| (10) |
Reserve estimates provided by Regis Resources Ltd, in which Newmont holds a 19.75% interest. |
|||||||||||||||||
| (11) |
Includes undeveloped reserves at Yamfo South, Yamfo Central, Techire West, Subenso South, Subenso North, Yamfo Northeast, and Susuan totaling 3.2 million ounces. |
|||||||||||||||||
| (12) |
Subika Underground project is under development. |
|||||||||||||||||
| (13) |
Project is under development. |
|||||||||||||||||
| Attributable Proven, Probable, and Combined Gold Reserves(1), Metric Units |
||||||||||||||||||
| December 31, 2012 |
December 31, 2011 |
|||||||||||||||||
| Deposits/Districts by Reporting Unit |
Proven Reserves |
Probable Reserves |
Proven and Probable Reserves |
Metallurgical Recovery |
Proven + Probable Reserves |
|||||||||||||
| Newmont Share |
Tonnage |
Grade |
Gold |
Tonnage |
Grade |
Gold |
Tonnage |
Grade |
Gold |
Tonnage |
Grade |
Gold |
||||||
| (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 |
||||||||||||||||||
| Carlin Open Pits, Nevada |
100% |
74,500 |
2.01 |
4,810 |
209,700 |
1.01 |
6,840 |
284,200 |
1.28 |
11,650 |
74% |
300,900 |
1.30 |
12,620 |
||||
| Carlin Underground, Nevada |
100% |
13,100 |
8.66 |
3,650 |
8,200 |
9.78 |
2,580 |
21,300 |
9.09 |
6,230 |
86% |
16,400 |
9.66 |
5,090 |
||||
| Midas, Nevada |
100% |
100 |
6.54 |
30 |
400 |
1.90 |
20 |
500 |
3.25 |
50 |
90% |
700 |
7.76 |
160 |
||||
| Phoenix, Nevada |
100% |
20,600 |
0.66 |
440 |
378,400 |
0.57 |
6,990 |
399,000 |
0.58 |
7,430 |
73% |
405,700 |
0.56 |
7,250 |
||||
| Twin Creeks, Nevada |
100% |
6,400 |
3.47 |
720 |
46,500 |
1.79 |
2,680 |
52,900 |
2.00 |
3,400 |
80% |
43,800 |
2.69 |
3,780 |
||||
| Turquoise Ridge, Nevada(2) |
25% |
2,000 |
13.59 |
860 |
2,700 |
12.68 |
1,080 |
4,700 |
13.07 |
1,940 |
92% |
3,600 |
15.14 |
1,760 |
||||
| Nevada In-Process(3) |
100% |
23,200 |
0.61 |
450 |
0 |
0 |
23,200 |
0.61 |
450 |
64% |
20,800 |
0.69 |
460 |
|||||
| Nevada Stockpiles(4) |
100% |
62,500 |
1.90 |
3,830 |
3,000 |
0.91 |
90 |
65,500 |
1.86 |
3,920 |
75% |
61,900 |
1.77 |
3,530 |
||||
| Total Nevada |
202,400 |
2.27 |
14,790 |
648,900 |
0.97 |
20,280 |
851,300 |
1.28 |
35,070 |
77% |
853,800 |
1.26 |
34,650 |
|||||
| La Herradura, Mexico |
44% |
77,500 |
0.59 |
1,470 |
65,900 |
0.54 |
1,140 |
143,400 |
0.57 |
2,610 |
67% |
101,100 |
0.72 |
2,330 |
||||
| TOTAL NORTH AMERICA |
279,900 |
1.81 |
16,260 |
714,800 |
0.93 |
21,420 |
994,700 |
1.18 |
37,680 |
77% |
954,900 |
1.20 |
36,980 |
|||||
| South America |
||||||||||||||||||
| Conga, Peru(5) |
51.35% |
0 |
0 |
275,200 |
0.73 |
6,460 |
275,200 |
0.73 |
6,460 |
75% |
275,200 |
0.73 |
6,460 |
|||||
| Yanacocha Open Pits(6) |
51.35% |
20,900 |
1.95 |
1,310 |
66,600 |
0.49 |
1,050 |
87,500 |
0.84 |
2,360 |
73% |
108,800 |
1.02 |
3,570 |
||||
| Yanacocha In-Process(3) |
51.35% |
7,800 |
0.88 |
220 |
0 |
0 |
7,800 |
0.88 |
220 |
78% |
13,800 |
0.87 |
390 |
|||||
| Yanacocha Stockpiles(4) |
51.35% |
7,600 |
1.86 |
460 |
0 |
0 |
7,600 |
1.86 |
460 |
60% |
Not Disclosed in 2011 |
|||||||
| Total Yanacocha, Peru |
51.35% |
36,300 |
1.70 |
1,990 |
66,600 |
0.49 |
1,050 |
102,900 |
0.92 |
3,040 |
72% |
122,600 |
1.00 |
3,960 |
||||
| La Zanja, Peru(7) |
46.94% |
1,600 |
0.71 |
40 |
9,800 |
0.60 |
190 |
11,400 |
0.61 |
230 |
66% |
19,400 |
0.54 |
330 |
||||
| Merian, Suriname(8) |
80% |
0 |
0 |
72,400 |
1.22 |
2,850 |
72,400 |
1.22 |
2,850 |
93% |
0 |
0 |
||||||
| TOTAL SOUTH AMERICA |
37,900 |
1.66 |
2,030 |
424,000 |
0.77 |
10,550 |
461,900 |
0.85 |
12,580 |
78% |
417,200 |
0.80 |
10,750 |
|||||
| Asia Pacific |
||||||||||||||||||
| Batu Hijau Open Pit(9) |
48.5% |
119,100 |
0.57 |
2,170 |
151,100 |
0.19 |
940 |
270,200 |
0.36 |
3,110 |
76% |
293,600 |
0.33 |
3,150 |
||||
| Batu Hijau Stockpiles(5)(9) |
48.5% |
0 |
0 |
127,600 |
0.11 |
440 |
127,600 |
0.11 |
440 |
70% |
142,400 |
0.11 |
490 |
|||||
| Total Batu Hijau, Indonesia |
48.5% |
119,100 |
0.57 |
2,170 |
278,700 |
0.15 |
1,380 |
397,800 |
0.28 |
3,550 |
76% |
436,000 |
0.26 |
3,640 |
||||
| Boddington, Western Australia |
100% |
106,200 |
0.70 |
2,390 |
737,900 |
0.64 |
15,270 |
844,100 |
0.65 |
17,660 |
81% |
955,700 |
0.63 |
19,490 |
||||
| Boddington Stockpiles |
100% |
29,000 |
0.58 |
540 |
28,800 |
0.43 |
400 |
57,800 |
0.50 |
940 |
81% |
Not Disclosed in 2011 |
||||||
| Total Boddington, Western Australia |
100% |
135,200 |
0.67 |
2,930 |
766,700 |
0.64 |
15,670 |
901,900 |
0.64 |
18,600 |
81% |
955,700 |
0.80 |
19,490 |
||||
| Duketon, Western Australia(10) |
19.75% |
1,400 |
1.51 |
70 |
10,100 |
1.53 |
500 |
11,500 |
1.53 |
570 |
95% |
9,800 |
1.54 |
490 |
||||
| Jundee, Western Australia |
100% |
2,100 |
3.10 |
210 |
1,500 |
6.43 |
300 |
3,600 |
4.46 |
510 |
91% |
3,400 |
5.95 |
650 |
||||
| Kalgoorlie Open Pit and Underground |
50% |
10,600 |
2.02 |
690 |
35,100 |
1.93 |
2,180 |
45,700 |
1.95 |
2,870 |
85% |
49,900 |
1.96 |
3,140 |
||||
| Kalgoorlie Stockpiles(5) |
50% |
52,500 |
0.79 |
1,330 |
0 |
0 |
52,500 |
0.79 |
1,330 |
83% |
48,900 |
0.80 |
1,260 |
|||||
| Total Kalgoorlie, Western Australia |
50% |
63,100 |
1.00 |
2,020 |
35,100 |
1.93 |
2,180 |
98,200 |
1.33 |
4,200 |
84% |
98,800 |
1.38 |
4,400 |
||||
| Tanami, Northern Territory |
100% |
4,500 |
5.97 |
860 |
8,100 |
5.25 |
1,360 |
12,600 |
5.51 |
2,220 |
95% |
15,100 |
5.20 |
2,520 |
||||
| Waihi, New Zealand |
100% |
100 |
6.01 |
20 |
2,600 |
3.34 |
280 |
2,700 |
3.45 |
300 |
89% |
2,900 |
3.85 |
360 |
||||
| TOTAL ASIA PACIFIC |
325,500 |
0.79 |
8,280 |
1,102,800 |
0.61 |
21,670 |
1,428,300 |
0.65 |
29,950 |
82% |
1,521,700 |
0.65 |
31,550 |
|||||
| Africa |
||||||||||||||||||
| Ahafo Open Pits(11) |
100% |
0 |
0 |
166,100 |
1.90 |
10,150 |
166,100 |
1.90 |
10,150 |
88% |
176,600 |
1.90 |
10,790 |
|||||
| Ahafo Underground(12) |
100% |
0 |
0 |
4,400 |
4.43 |
630 |
4,400 |
4.43 |
630 |
92% |
5,300 |
3.82 |
660 |
|||||
| Ahafo Stockpiles(4) |
100% |
24,700 |
1.01 |
800 |
0 |
0 |
24,700 |
1.01 |
800 |
86% |
19,100 |
1.03 |
630 |
|||||
| Total Ahafo, Ghana |
100% |
24,700 |
1.01 |
800 |
170,500 |
1.97 |
10,780 |
195,200 |
1.85 |
11,580 |
88% |
201,000 |
1.87 |
12,080 |
||||
| Akyem, Ghana(13) |
100% |
200 |
3.33 |
20 |
130,900 |
1.75 |
7,360 |
131,100 |
1.75 |
7,380 |
88% |
131,100 |
1.75 |
7,390 |
||||
| TOTAL AFRICA |
24,900 |
1.03 |
820 |
301,400 |
1.87 |
18,140 |
326,300 |
1.81 |
18,960 |
88% |
332,100 |
1.82 |
19,470 |
|||||
| TOTAL NEWMONT WORLDWIDE |
668,200 |
1.27 |
27,390 |
2,543,000 |
0.88 |
71,780 |
3,211,200 |
0.96 |
99,170 |
81% |
3,225,900 |
0.95 |
98,750 |
|||||
| See Footnotes under Gold Reserves U.S. units table. |
||||||||||||||||||
| Attributable Gold Mineral Resources(1)(2)- December 31, 2012, U.S. Units |
|||||||||||||||||
| Gold Measured Resource |
Gold Indicated Resource |
Gold Measured + Indicated Resource(3) |
Gold Inferred Resource |
||||||||||||||
| Deposits/Districts |
Newmont Share |
Tonnage |
Grade |
Au |
Tonnage |
Grade |
Au |
Tonnage |
Grade |
Au |
Tonnage |
Grade |
Au |
||||
| (x1000 tons) |
(oz/ton) |
(x1000 ozs) |
(x1000 tons) |
(oz/ton) |
(x1000 ozs) |
(x1000 tons) |
(oz/ton) |
(x1000 ozs) |
(x1000 tons) |
(oz/ton) |
(x1000 ozs) |
||||||
| North America |
|||||||||||||||||
| Buffalo Valley, Nevada |
70% |
0 |
0 |
17,900 |
0.018 |
330 |
17,900 |
0.018 |
330 |
600 |
0.010 |
10 |
|||||
| Carlin Trend Open Pit, Nevada |
100% |
26,200 |
0.036 |
940 |
62,700 |
0.023 |
1,430 |
88,900 |
0.027 |
2,370 |
18,900 |
0.018 |
350 |
||||
| Carlin Trend Underground, Nevada |
100% |
500 |
0.148 |
70 |
800 |
0.199 |
170 |
1,300 |
0.180 |
240 |
4,000 |
0.26 |
1,020 |
||||
| Lone Tree Complex, Nevada |
100% |
0 |
0 |
2,200 |
0.023 |
50 |
2,200 |
0.023 |
50 |
5,000 |
0.016 |
80 |
|||||
| Long Canyon, Nevada |
100% |
0 |
0 |
0 |
0 |
0 |
0 |
27,900 |
0.094 |
2,630 |
|||||||
| Midas, Nevada |
100% |
0 |
0.149 |
0 |
100 |
0.039 |
0 |
100 |
0.056 |
0 |
300 |
0.07 |
20 |
||||
| Phoenix, Nevada |
100% |
6,300 |
0.015 |
90 |
191,800 |
0.013 |
2,430 |
198,100 |
0.013 |
2,520 |
117,200 |
0.012 |
1,390 |
||||
| Sandman, Nevada |
100% |
0 |
0 |
1,300 |
0.036 |
50 |
1,300 |
0.036 |
50 |
1,100 |
0.063 |
70 |
|||||
| Turquoise Ridge, Nevada(4) |
25% |
500 |
0.365 |
200 |
500 |
0.328 |
160 |
1,000 |
0.347 |
360 |
900 |
0.42 |
380 |
||||
| Twin Creeks, Nevada |
100% |
5,100 |
0.070 |
350 |
36,800 |
0.058 |
2,120 |
41,900 |
0.059 |
2,470 |
3,900 |
0.061 |
240 |
||||
| Nevada Stockpiles, Nevada (5) |
100% |
5,800 |
0.037 |
210 |
0 |
0 |
5,800 |
0.037 |
210 |
2,300 |
0.043 |
100 |
|||||
| Total Nevada |
44,400 |
0.042 |
1,860 |
314,100 |
0.021 |
6,740 |
358,500 |
0.024 |
8,600 |
182,100 |
0.034 |
6,290 |
|||||
| La Herradura, Mexico |
44% |
30,600 |
0.020 |
610 |
39,900 |
0.017 |
670 |
70,500 |
0.018 |
1,280 |
59,400 |
0.016 |
940 |
||||
| Total North America |
75,000 |
0.033 |
2,470 |
354,000 |
0.021 |
7,410 |
429,000 |
0.023 |
9,880 |
241,500 |
0.030 |
7,230 |
|||||
| South America |
|||||||||||||||||
| Conga, Peru |
51.35% |
0 |
0.000 |
0 |
89,300 |
0.012 |
1,030 |
89,300 |
0.012 |
1,030 |
130,500 |
0.011 |
1,480 |
||||
| Yanacocha, Peru |
51.35% |
13,000 |
0.040 |
520 |
24,400 |
0.016 |
400 |
37,400 |
0.025 |
920 |
93,800 |
0.025 |
2,360 |
||||
| La Zanja, Peru (6) |
46.94% |
0 |
0.006 |
0 |
400 |
0.007 |
0 |
400 |
0.007 |
0 |
2,800 |
0.017 |
50 |
||||
| Merian, Suriname |
80% |
0 |
0 |
4,100 |
0.056 |
230 |
4,100 |
0.056 |
230 |
30,000 |
0.030 |
910 |
|||||
| Total South America |
13,000 |
0.040 |
520 |
118,200 |
0.014 |
1,660 |
131,200 |
0.017 |
2,180 |
257,100 |
0.019 |
4,800 |
|||||
| Asia Pacific |
|||||||||||||||||
| Batu Hijau, Indonesia(7) |
48.5% |
8,100 |
0.018 |
150 |
141,300 |
0.007 |
1,040 |
149,400 |
0.008 |
1,190 |
27,600 |
0.002 |
50 |
||||
| Boddington, Western Australia |
100% |
35,500 |
0.015 |
540 |
225,900 |
0.013 |
3,010 |
261,400 |
0.014 |
3,550 |
15,600 |
0.015 |
240 |
||||
| Duketon, Western Australia(8) |
19.75% |
700 |
0.016 |
10 |
10,200 |
0.023 |
240 |
10,900 |
0.023 |
250 |
24,200 |
0.026 |
640 |
||||
| Jundee, Western Australia |
100% |
0 |
0 |
300 |
0.108 |
30 |
300 |
0.108 |
30 |
500 |
0.138 |
70 |
|||||
| Kalgoorlie, Western Australia |
50% |
5,300 |
0.038 |
200 |
15,900 |
0.034 |
540 |
21,200 |
0.035 |
740 |
400 |
0.076 |
30 |
||||
| McPhilliamys, New South Wales(8) |
19.75% |
0 |
0 |
9,000 |
0.037 |
330 |
9,000 |
0.037 |
330 |
3,500 |
0.046 |
160 |
|||||
| Tanami, Northern Territories |
100% |
900 |
0.129 |
110 |
2,800 |
0.116 |
330 |
3,700 |
0.119 |
440 |
7,100 |
0.193 |
1,370 |
||||
| Waihi, New Zealand |
100% |
0 |
0 |
1,800 |
0.267 |
480 |
1,800 |
0.267 |
480 |
800 |
0.192 |
150 |
|||||
| Total Asia Pacific |
50,500 |
0.020 |
1,010 |
407,200 |
0.015 |
6,000 |
457,700 |
0.015 |
7,010 |
79,700 |
0.034 |
2,710 |
|||||
| Africa |
|||||||||||||||||
| Ahafo, Ghana |
100.0% |
0 |
0 |
83,200 |
0.037 |
3,050 |
83,200 |
0.037 |
3,050 |
42,500 |
0.042 |
1,770 |
|||||
| Subika Underground |
100.0% |
0 |
0 |
0 |
0.000 |
0 |
0 |
0.000 |
0 |
9,400 |
0.136 |
1,280 |
|||||
| Total Ahafo |
100.0% |
0 |
0 |
83,200 |
0.037 |
3,050 |
83,200 |
0.037 |
3,050 |
51,900 |
0.059 |
3,050 |
|||||
| Akyem, Ghana |
100.0% |
0 |
0 |
13,300 |
0.016 |
210 |
13,300 |
0.016 |
210 |
3,400 |
0.030 |
100 |
|||||
| Total Africa |
0 |
0 |
96,500 |
0.034 |
3,260 |
96,500 |
0.034 |
3,260 |
55,300 |
0.057 |
3,150 |
||||||
| TOTAL NEWMONT WORLDWIDE |
138,500 |
0.029 |
4,000 |
975,900 |
0.019 |
18,330 |
1,114,400 |
0.020 |
22,330 |
633,600 |
0.028 |
17,890 |
|||||
| (1) |
Resources are reported exclusive of reserves. |
||||||||||||||||
| (2) |
Resources calculated at a gold price of US$1,600 or A$1,600 per ounce unless otherwise noted. 2011 Resources were calculated at a gold price of US$1,400 or A$1,475 per ounce. Tonnage amounts have been rounded to the nearest 100,000 and pounds have been rounded to the nearest 10 thousand. |
||||||||||||||||
| (3) |
Measured and Indicated combined Resources are equivalent to Mineralized Material disclosed in Newmont's 10K filing. |
||||||||||||||||
| (4) |
Resource estimates provided by Barrick, the operator of the Turquoise Ridge joint venture. |
||||||||||||||||
| (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 tonnage or ounces are greater than 5% of the total site-reported reserves and ounces are greater than 100,000. |
||||||||||||||||
| (6) |
Reserve estimates provided by Buenaventura, the operator of the La Zanja project. |
||||||||||||||||
| (7) |
Percentage reflects Newmont's economic interest at December 31, 2012. |
||||||||||||||||
| (8) |
Resource estimates provided by Regis Resources Ltd, in which Newmont holds a 19.75% interest. |
||||||||||||||||
| Attributable Gold Mineral Resources(1)(2)- December 31, 2012, Metric units |
|||||||||||||||||
| Gold Measured Resource |
Gold Indicated Resource |
Gold Measured + Indicated Resource(3) |
Gold Inferred Resource |
||||||||||||||
| Deposits/Districts |
Newmont Share |
Tonnage |
Grade |
Au |
Tonnage |
Grade |
Au |
Tonnage |
Grade |
Au |
Tonnage |
Grade |
Au |
||||
| (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 |
|||||||||||||||||
| Buffalo Valley, Nevada |
70% |
0 |
0 |
16,200 |
0.63 |
330 |
16,200 |
0.63 |
330 |
500 |
0.35 |
10 |
|||||
| Carlin Trend Open Pit, Nevada |
100% |
23,800 |
1.22 |
940 |
56,900 |
0.78 |
1,430 |
80,700 |
0.91 |
2,370 |
17,100 |
0.63 |
350 |
||||
| Carlin Trend Underground, Nevada |
100% |
400 |
5.07 |
70 |
800 |
6.82 |
170 |
1,200 |
6.19 |
240 |
3,600 |
8.75 |
1,020 |
||||
| Lone Tree Complex, Nevada |
100% |
0 |
0 |
2,000 |
0.79 |
50 |
2,000 |
0.79 |
50 |
4,600 |
0.55 |
80 |
|||||
| Long Canyon, Nevada |
100% |
0 |
0 |
0 |
0 |
0 |
0 |
25,400 |
3.22 |
2,630 |
|||||||
| Midas, Nevada |
100% |
0 |
5.10 |
0 |
100 |
1.35 |
0 |
100 |
1.93 |
0 |
300 |
2.27 |
20 |
||||
| Phoenix, Nevada |
100% |
5,700 |
0.50 |
90 |
174,000 |
0.43 |
2,430 |
179,700 |
0.44 |
2,520 |
106,300 |
0.41 |
1,390 |
||||
| Sandman, Nevada |
100% |
0 |
0 |
1,200 |
1.23 |
50 |
1,200 |
1.23 |
50 |
1,000 |
2.17 |
70 |
|||||
| Turquoise Ridge, Nevada(4) |
25% |
500 |
12.51 |
200 |
400 |
11.25 |
160 |
900 |
11.91 |
360 |
800 |
14.28 |
380 |
||||
| Twin Creeks, Nevada |
100% |
4,600 |
2.39 |
350 |
33,400 |
1.98 |
2,120 |
38,000 |
2.03 |
2,470 |
3,600 |
2.10 |
240 |
||||
| Nevada Stockpiles, Nevada (5) |
100% |
5,200 |
1.25 |
210 |
0 |
0 |
5,200 |
1.25 |
210 |
2,100 |
1.48 |
100 |
|||||
| Total Nevada |
40,200 |
1.44 |
1,860 |
285,000 |
0.74 |
6,740 |
325,200 |
0.82 |
8,600 |
165,300 |
1.18 |
6,290 |
|||||
| La Herradura, Mexico |
44% |
27,700 |
0.69 |
610 |
36,200 |
0.57 |
670 |
63,900 |
0.62 |
1,280 |
53,900 |
0.54 |
940 |
||||
| Total North America |
67,900 |
1.13 |
2,470 |
321,200 |
0.72 |
7,410 |
389,100 |
0.79 |
9,880 |
219,200 |
1.02 |
7,230 |
|||||
| South America |
|||||||||||||||||
| Conga, Peru |
51.35% |
0 |
0.00 |
0 |
81,000 |
0.40 |
1,030 |
81,000 |
0.40 |
1,030 |
118,400 |
0.39 |
1,480 |
||||
| Yanacocha, Peru |
51.35% |
11,800 |
1.38 |
520 |
22,100 |
0.56 |
400 |
33,900 |
0.85 |
920 |
85,100 |
0.86 |
2,360 |
||||
| La Zanja, Peru (6) |
46.94% |
0 |
0.20 |
0 |
300 |
0.23 |
0 |
300 |
0.23 |
0 |
2,600 |
0.58 |
50 |
||||
| Merian, Suriname |
80% |
0 |
0 |
3,700 |
1.90 |
230 |
3,700 |
1.90 |
230 |
27,200 |
1.04 |
910 |
|||||
| Total South America |
11,800 |
1.38 |
520 |
107,100 |
0.48 |
1,660 |
118,900 |
0.57 |
2,180 |
233,300 |
0.64 |
4,800 |
|||||
| Asia Pacific |
|||||||||||||||||
| Batu Hijau, Indonesia(7) |
48.5% |
7,300 |
0.62 |
150 |
128,200 |
0.25 |
1,040 |
135,500 |
0.27 |
1,190 |
25,000 |
0.07 |
50 |
||||
| Boddington, Western Australia |
100% |
32,200 |
0.52 |
540 |
204,900 |
0.46 |
3,010 |
237,100 |
0.47 |
3,550 |
14,200 |
0.52 |
240 |
||||
| Duketon, Western Australia(8) |
19.75% |
700 |
0.54 |
10 |
9,200 |
0.80 |
240 |
9,900 |
0.78 |
250 |
21,900 |
0.91 |
640 |
||||
| Jundee, Western Australia |
100% |
0 |
0 |
200 |
3.69 |
30 |
200 |
3.69 |
30 |
500 |
4.74 |
70 |
|||||
| Kalgoorlie, Western Australia |
50% |
4,800 |
1.29 |
200 |
14,500 |
1.16 |
540 |
19,300 |
1.19 |
740 |
300 |
2.61 |
30 |
||||
| McPhilliamys, New South Wales(8) |
19.75% |
0 |
0 |
8,200 |
1.27 |
330 |
8,200 |
1.27 |
330 |
3,200 |
1.57 |
160 |
|||||
| Tanami, Northern Territories |
100% |
800 |
4.41 |
110 |
2,600 |
3.97 |
330 |
3,400 |
4.08 |
440 |
6,500 |
6.61 |
1,370 |
||||
| Waihi, New Zealand |
100% |
0 |
0 |
1,600 |
9.14 |
480 |
1,600 |
9.14 |
480 |
700 |
6.57 |
150 |
|||||
| Total Asia Pacific |
45,800 |
0.69 |
1,010 |
369,400 |
0.51 |
6,000 |
415,200 |
0.53 |
7,010 |
72,300 |
1.17 |
2,710 |
|||||
| Africa |
|||||||||||||||||
| Ahafo, Ghana |
100.0% |
0 |
0 |
75,500 |
1.26 |
3,050 |
75,500 |
1.26 |
3,050 |
38,500 |
1.43 |
1,770 |
|||||
| Subika Underground |
100.0% |
0 |
0 |
0 |
0.00 |
0 |
0 |
0.00 |
0 |
8,500 |
4.66 |
1,280 |
|||||
| Total Ahafo |
100.0% |
0 |
0 |
75,500 |
1.26 |
3,050 |
75,500 |
1.26 |
3,050 |
47,000 |
2.02 |
3,050 |
|||||
| Akyem, Ghana |
100.0% |
0 |
0 |
12,000 |
0.55 |
||||||||||||
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