DENVER-Friday 10 April 2020 [ AETOS Wire ]
(BUSINESS WIRE)-- Newmont Corporation
(NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced the
establishment of a US$20 million fund to help host communities,
governments and employees combat the COVID-19 pandemic. The Newmont
Global Community Support Fund (the Fund) builds upon other local
contributions and efforts the Company has implemented over the last
month. Newmont will partner with local governments, medical
institutions, charities and non-governmental organizations to target
funds towards addressing the greatest needs with a view to serving as a
catalyst for long-term resiliency and future community development.
Chief
Executive Officer Tom Palmer said: “Around the globe, we have
implemented controls at our operations and offices to put the health,
safety, and overall wellbeing of our people and communities above all
else. We have been working closely with host governments and communities
to implement strict safety protocols at our sites with physical
distancing and reduced workforce presence. We are also implementing the
provision of hygienic and other critical supplies and training and, in
certain cases, pre-emptively ramping down operations to safeguard
vulnerable communities, or placing operations in care and maintenance to
align with government efforts.”
“Our
employees, local contractors and their families live in the communities
that host our operations and the health of our business is inextricably
linked to the health of those communities. We not only want to protect
our people and host communities from this pandemic, we want to build
lasting resiliency so that our host communities thrive after the worst
of this pandemic passes. As a global business with operations in eight
countries, we are committed to doing our part to combat this disease and
protect people and their livelihoods.”
“With input
from local stakeholders, we have identified three focus areas to ensure
that our financial support will have the most positive impact and reach
those who need it most. We are engaging with our partners to deploy our
resources across three key areas:
- Employee and Community Health;
- Food Security; and
- Local Economic Resilience.”
“In
partnership with local institutions and stakeholders, we will closely
monitor the progress and outcomes of our support so that we are able to
fine-tune and improve results along the way. Our efforts to support
communities are already under way. We will use the Fund to build upon
those efforts and use our global reach to amplify our ability to make a
strong and positive impact across our host communities.”
“Newmont’s
core values of safety, sustainability and responsibility are integral to
creating long-term value for our investors, host governments and
communities, and employees. During this challenging time, where many of
our people are worried about their own jobs and livelihoods, we have
seen a commitment from across our organization to join the fight in the
communities where they live and work. While this pandemic is still
evolving, we will continue to support our employees as best we can so
that they in turn can continue to support their communities.”
“Our purpose
to create value and improve lives through sustainable and responsible
mining is more relevant now than ever before. The strength of our
portfolio of world-class assets across top tier jurisdictions underpins
the financial flexibility to take care of our employees, communities and
shareholders. I am proud of the way our employees have responded to
these challenging times. More information about Newmont’s COVID-19
response can be found here.”
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 proficiency. Newmont was
founded in 1921 and has been publicly traded since 1925.
Cautionary Statement:
This news
release contains “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. Where a forward-looking statement 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 and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by
the forward-looking statements. Forward-looking statements often
address our expected future business and financial performance and
financial condition; and often contain words such as “anticipate,”
“intend,” “plan,” “will,” “may,” “could,” “would,” “estimate,” “expect,”
“believe,” or “potential.” Forward-looking statements in this news
release may include, without limitation statements regarding (i)
expectations of first quarter 2020 outlook, (ii) expectations regarding
on-going gold production (including from leach pads) and other
activities at sites, (iii) expectations regarding shipping of
concentration, transportation and refining of product and mitigation
efforts, (iv) expectations regarding long-term value creation, and (v)
other expectations regarding the impact of the COVID-19 pandemic on the
financial results and operations of our mine sites and overall business,
including with respect to the Company’s guidance. Risks include
uncertainties relating to the global economic impact of COVID-19,
particularly with respect to the mining industry in the jurisdictions in
which we operate, the ability of operate following changing
governmental restrictions on travel and business operations (including,
without limitation, the duration of restrictions, including access to
sites, ability to transport and ship dore, access to processing and
refinery facilities, impacts to international trade, impacts to supply
chain, including price, availability of goods, ability to receive
supplies and fuel, impacts to productivity and operations in connection
with decisions intended to protect the health and safety of the
workforce, their families and neighboring communities. In light of the
changing environment and uncertainties, no guarantees can be provided
that Newmont’s proactive efforts to minimize impacts will effective in
eliminating risks. For a 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”, available on the SEC website or www.newmont.com.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200409005314/en/
Contacts
Media Contact
Omar Jabara 303-837-5114 omar.jabara@newmont.com
Investor Contact
Jessica Largent 303-837-5484 jessica.largent@newmont.com
