Earnings release
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Newmont Announces Third Quarter 2021 Results Newmont Newmont announces third quarter results and delivers the gold industry's first Autonomous Haulage System fleet ; updates full - year guidance DENVER , October 28 , 2021 - Newmont Corporation ( NYSE : NEM , TSX : NGT ) ( Newmont or the Company ) today announced third quarter 2021 results . THIRD QUARTER 2021 HIGHLIGHTS Produced 1.45 million attributable ounces of gold and 315 thousand attributable gold equivalent ounces from co products Reported gold CAS * of $ 830 per ounce and AISC * of $ 1,120 per ounce ✓ Updated full - year guidance of 6.0 million ounces of attributable gold production , $ 790 per ounce of CAS and $ 1,050 per ounce of AISC ** , reaffirming original guidance of 1.3 million gold equivalent ounces from copper , silver , lead and zinc Generated $ 1.1 billion of cash from continuing operations and $ 735 million of Free Cash Flow ( 97 percent attributable to Newmont ) * Declared third quarter dividend of $ 0.55 per share , consistent with the previous quarter Completed $ 99 million of share repurchases from $ 1 billion buyback program Ended the quarter with $ 4.6 billion of consolidated cash and $ 7.6 billion of liquidity with a net debt to adjusted EBITDA * ratio of 0.2x *** *** Delivered the gold industry's first Autonomous Haulage System ( AHS ) fleet , improving safety and long - term productivity at Boddington Advancing near - term projects , including Tanami Expansion 2 , Ahafo North and the mining method change at Subika Underground Progressing Yanacocha Sulfides , investing at least $ 500M through 2022 with a full funds decision expected in the second half of 2022 " Newmont delivered on a challenging third quarter performance with $ 1.3 billion in adjusted EBITDA and $ 735 million in free cash flow , building momentum for a strong fourth quarter , " said Tom Palmer , Newmont President and Chief Executive Officer . " Supported by our clear strategic focus and proven operating model , we continue to apply our disciplined approach to capital allocation . A year ago , we announced our industry - leading dividend framework , establishing a clear pathway for stable and predictable returns . Over the last four quarters , Newmont has steadily reinvested in our operations while returning more than $ 2 billion dollars to shareholders through dividends and share buybacks , demonstrating our confidence in the long - term value of our business and our ability to maintain financial flexibility . " Tom Palmer , Newmont President and Chief Executive Officer NEWMONT THIRD QUARTER 2021 RESULTS | NEWS RELEASE * Non - GAAP metrics ; see pages 11-31 for reconciliations . ** See discussion of outlook and cautionary statement at end of release regarding forward - looking statements . *** See cautionary statement and endnotes at the end of this release , including with respect to future dividends and share buybacks . Note that the buyback figure above excludes $ 15 million disclosed in Q2 2021 settled after June 30 , 2021 . 1 TM