Mr. Tom Palmer reports
NEWMONT PUBLISHES 2024 SUSTAINABILITY AND TAXES & ROYALTIES REPORTS
Newmont Corp. today published its 2024 sustainability report, and its 2024 taxes and royalties contribution report, emphasizing the company's environmental, social and governance (ESG) performance, and fiscal transparency over the past year.
Commenting on Newmont's contributions to sustainable and responsible mining, chief executive officer Tom Palmer said:
"In 2024, we continued to strengthen our position as the world's leading gold company while embedding sustainability across all aspects of our business. These reports highlight how we are realizing our potential by operating responsibly, fostering resilience in our work force and host communities, and delivering long-term value for all stakeholders. In generating $16-billion in economic contributions for the people and communities in which we operate, we are living our purpose to create value and improve lives through sustainable and responsible mining."
Highlights of Newmont's 2024 sustainability report:
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Led the mining sector on the Dow Jones Sustainability Index for the ninth consecutive year;
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Spent $2.6-billion with local suppliers;
- Women represented 33 per cent of the company's senior leadership and 50 per cent of its executive leadership team;
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Earned both The Copper Mark and The Molybdenum Mark at Cadia, certifications for responsible mining practices;
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Reclaimed 192 hectares of land, exceeding the company's target by 30 hectares;
- Conducted a comprehensive safety systems review following the tragic loss of five colleagues within a 12-month period, paving the way for the company's commitment to driving an always safe approach in 2025 and beyond.
Newmont's 2024 sustainability report was prepared in accordance with the GRI (global reporting initiative) standards, including the G4 mining and metals sector disclosure, and the Sustainability Accounting Standards Board (SASB) metals and mining standard. Select publicly reported material data were externally assured, 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 United Nations guiding principles reporting framework.
Highlights of Newmont's 2024 taxes and royalties contribution report:
- $16-billion in total economic contributions, including:
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$1.9-billion paid in taxes and royalties to governments, representing nearly 12 perp cent of total economic value distributed;
- $69-million invested in community projects and programs.
These reports reflect Newmont's commitment to continuous improvement, pro-active risk management and meaningful partnerships, as the company strives to create positive, lasting impacts in the communities where it operates.
About Newmont
Corp.
Newmont is the world's leading gold company and 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 the 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. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Founded in 1921, the company has been publicly traded since 1925.
Newmont's purpose is to create value and improve lives through sustainable and responsible mining.
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