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Newmont Goldcorp Corp
Symbol NGT
Shares Issued 822,667,380
Close 2019-06-14 C$ 47.97
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Newmont Goldcorp begins ramp-up at Penasquito

2019-06-17 09:48 ET - News Release

An anonymous director reports


Newmont Goldcorp Corp. is safely ramping up operations at the Penasquito mine in Mexico following the lifting of an illegal blockade and the establishment of a dialogue process sponsored by the national government.

Concentrate shipments from the mine, as well as the delivery of supplies to the site, have resumed and workers are going through orientation sessions to ensure production begins in a safe and orderly manner. During the temporary suspension of operations, which began on April 29, the mine used the downtime to bring forward maintenance on a variety of systems and equipment.

Newmont Goldcorp is committed to good-faith dialogue with the trucking company and the San Juan de Cedros community (one of 25 neighbouring communities) to achieve a fair and enduring resolution to contract and water availability issues.

The Penasquito mine produced 272,000 ounces of gold in 2018 and directly employs more than 6,000 people, while supporting another 20,000 indirect jobs in the region. Penasquito has enhanced water availability to neighbouring communities through a number of projects, including water treatment plants, new wells, pipelines and water trucks.

About Newmont Goldcorp Corp.

Newmont Goldcorp 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 favourable mining jurisdictions in North America, South America, Australia and Africa. The company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.

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