12:21:17 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Newmont Corp
Symbol NGT
Shares Issued 1,153,617,667
Close 2024-04-18 C$ 53.06
Market Cap C$ 61,210,953,411
Recent Sedar Documents

Newmont publishes 2023 sustainability report

2024-04-18 13:48 ET - News Release

Ms. Suzy Retallack reports

NEWMONT PUBLISHES 2023 SUSTAINABILITY REPORT AND 2023 TAX & ROYALTIES REPORT

Newmont Corp. today published its 2023 sustainability report and its 2023 taxes and royalties contributions report. The reports highlight the company's material ESG and socioeconomic contributions over the past year. This year marks the 20th anniversary for Newmont's annual sustainability report, representing a milestone for the company as a longstanding industry leader in sustainability.

"Our 2023 sustainability report demonstrates our unwavering commitment to responsible resource management and the integral role that Newmont plays in creating a more sustainable future," said Newmont chief safety and sustainability officer Suzy Retallack. "We recognize the responsibility we have to mitigate our environmental impact and make a difference in the areas we operate, while continuously working to improve, partner, and learn so that we leave a positive legacy."

Highlights of Newmont's 2023 sustainability report:

  • Expanded the company's fatality risk management program to address risks associated with exposures to hazardous dust and fumes;
  • Completed more than 650,000 critical control verifications to ensure the safety of the company's work force;
  • Aligned all 11 priorities facilities across Newmont with the new global industry standard on tailings management;
  • Advanced the respect at work program, introducing a new camp and facilities standard with inclusive site requirements and procedures;
  • Increased female representation among senior leaders to 33 per cent up from 31 per cent in 2022, advancing the company's target of achieving gender parity in senior leadership by 2030;
  • Reduced global freshwater consumption by 31 percent since 2018 and advanced work to incorporate climate projections into site water balance models;
  • Fulfilled the company's $20-million commitment to support host communities and countries to address the impacts of the COVID-19 pandemic.
  • Recognized for nine consecutive years as the No. 1 gold mining company on the Dow Jones Sustainability World Index;
  • Ranked No. 29 and top mining company by 3BL's 100 Best Corporate Citizens list.

Newmont recognizes the most important measure of success is and will always be keeping everyone healthy and safe. The company is deeply saddened by the recent losses of colleagues at its Brucejack, Ahafo North and Cerro Negro mines. The company extends its sincere condolences to their families and friends. These tragic incidents are a reminder of the need to be eternally vigilant and work continuously to improve safety across the business.

The company's commitment to sustainability is crucial to achieving its purpose of creating value and improving lives through sustainable and responsible mining. From supporting its work force to implementing sustainable practices and meeting its financial obligations, the company will continue striving for excellence in everything it does.

Newmont's 2023 sustainability report was prepared in accordance with the GRI (Global Reporting Initiative) standards including the Mining and Metals Sector Supplement, and the Sustainability Accounting Standards Board (SASB) Metals & Mining Standard. The report was externally assured on select publicly reported material data, reflecting Newmont's commitment to transparency and reporting obligations as a founding member of the International Council on Mining and Metals (ICMM), and as an early adopter of the UN Guiding Principles Reporting Framework.

Highlights of Newmont's 2023 taxes and royalties contribution report:

The company's strong sustainability focus also delivered significant economic benefits for its stakeholders, as detailed in its third annual taxes and royalties contribution report. The report outlines the company's tax strategy and payments to communities and governments where it operates -- revenue sources that foster development and economic stability in the company's host countries. In 2023 the company:

  • Paid $1.3-billion in taxes, royalties and other payments to governments, representing 13.3 per cent of its total economic contribution.
  • Distributed $9.8-billion in direct economic contributions, including wages and benefits, operating and capital spend, and community investments.

About Newmont Corp.

Newmont is the world's leading gold company and a producer of copper, zinc, lead and silver. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in Africa, Australia, Latin America and Caribbean, North America, and Papua New Guinea. 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.

© 2024 Canjex Publishing Ltd. All rights reserved.