Newmont Company (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Firm”) and Newcrest Finance Pty Restricted, an entirely owned subsidiary of Newmont (“Newcrest Finance” and, along with Newmont, the “Issuers”) immediately introduced the redemption of $927,754,000 in principal, totally retiring the 5.30% Notes due 2026 (the “Notes”).
Together with the early redemption of the 2026 Notes, Newmont can have retired roughly $1.4 billion of its debt during the last 12 months, demonstrating the Firm’s dedication to deleveraging and strengthening its steadiness sheet.
The Notes can be redeemed on February 7, 2025 (the “Redemption Date”) at a redemption worth equal to the relevant make-whole quantity for the Notes, plus accrued and unpaid curiosity on the Notes to, however excluding, the Redemption Date, in accordance with the phrases of the Notes. Curiosity on the Notes will stop to accrue on and after the Redemption Date.
About Newmont
Newmont is the world’s main gold firm and a producer of copper, zinc, lead, and silver. The Firm’s world-class portfolio of belongings, prospects and expertise is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the one gold producer listed within the S&P 500 Index and is widely known for its principled environmental, social, and governance practices. Newmont is an business chief in worth creation, supported by strong security requirements, superior execution, and technical experience. Based in 1921, the Firm has been publicly traded since 1925.
At Newmont, our function is to create worth and enhance lives by sustainable and accountable mining. To be taught extra about Newmont’s sustainability technique and initiatives, go to www.newmont.com .
Cautionary Assertion Relating to Ahead-Trying Statements
This information launch comprises “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended, that are meant to be lined by the protected harbor created by these sections and different relevant legal guidelines. The place a forward-looking assertion expresses or implies an expectation or perception as to future occasions or outcomes, such expectation or perception is expressed in good religion and believed to have an inexpensive foundation. Nevertheless, such statements are topic to dangers, uncertainties and different elements, which may trigger precise outcomes to vary materially from future outcomes expressed, projected or implied by the forward-looking statements. Ahead-looking statements typically handle our anticipated future enterprise and monetary efficiency and monetary situation; and sometimes comprise phrases corresponding to “anticipate,” “intend,” “plan,” “will,” “would,” “estimate,” “anticipate,” “imagine,” “pending” or “potential.” Ahead-looking statements on this information launch could embody, with out limitation, statements regarding the anticipated redemption of the Notes, future debt balances, future money movement era, pending closing of asset divestitures and receipt of proceeds and future capital allocation priorities. Estimates or expectations of future occasions or outcomes are based mostly upon sure assumptions, which can show to be incorrect. Such assumptions, embody, however aren’t restricted to Newmont’s operations remaining per plan and present expectations, market circumstances and different planning assumptions. For a extra detailed dialogue of such dangers, see Newmont’s Annual Report on Type 10-Ok for the yr ended December 31, 2023 filed with the SEC on February 29, 2024, in addition to Newmont’s different SEC filings, underneath the heading “Threat Elements”, and different elements recognized in Newmont’s experiences filed with the SEC, out there on the SEC web site or www.newmont.com . Newmont doesn’t undertake any obligation to launch publicly revisions to any “forward-looking assertion,” together with, with out limitation, outlook, to replicate occasions or circumstances after the date of this information launch, or to replicate the incidence of unanticipated occasions, besides as could also be required underneath relevant securities legal guidelines. Buyers mustn’t assume that any lack of replace to a beforehand issued “forward-looking assertion” constitutes a reaffirmation of that assertion. Continued reliance on “forward-looking statements” is at buyers’ personal threat.
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Investor Contact – World
Neil Backhouse
investor.relations@newmont.com
Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com
Media Contact – World
Shannon Lijek
globalcommunications@newmont.com
