Investor Presentation August 2015
Cautionary statement Cautionary statement regarding forward looking statements : This presentation contains ―forward - looking statements‖ within the meaning of Section 27A of the Securities Act of 1933, as amen ded, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided for under such sections. Such forward-looking statements may include, without limitation: (i) estimates of future consolidated and attributable production and sales; (ii) estimates of future costs applicable to sales and All-in sustaining costs; (iii) estimates of future consolidated and attributable capital expenditures; (iv) our efforts to continue delivering reduced costs and efficiency; (v) expectations regarding the development, growth and exploration potentia l of the Company’s projects, including the Turf Vent Shaft, Merian, Long Canyon Phase 1, the Tanami Expansion and the Ahafo Mill Expansion; (vi) expectations regarding the repayment of debt from cash flows and existing cash; and (vii) expectations regarding future price assumptions, financial performance and other outlook or guidance. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company’s operations and project s being consistent with current expectations and mine plans, including without limitation receipt of export approvals; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of our current mineral reserve and mineralized material estimates; (viii) the acceptable outcome of negotiation of the amendment to the Contract of Work and/or resolution of export issues in Indonesia; and (ix) other assumptions noted herein. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the ―forward - looking statements‖. Such risks include, but are not limited to, gold and other metals price volatility, currency fluct uations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks, community relations, conflict resolution and outcome of projects or oppositions and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s Quarterly Report on Form 10-Q filed on July 23, 2015 with the Securities and Exchange Commission (the ―SEC‖), as well as the Company’s other SEC filings. The Company does not undertake any obligation to release publicly revisions to any ―forward - looking statement,‖ including, without limitation, outlook, to reflect events or circumstances after t he date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued ―forward - looking statement‖ constitutes a reaffirmation of that statement. Continued reliance on ―forward - looking statements‖ is at investors' own risk. August 2015 Newmont Mining Corporation I Investor Presentation I 2
Delivering our strategy AISC 1 of ~$900 per ounce – down 14% from Q2 2014 Improve the 1.2 Moz of attributable gold production – equal to Q2 2014, offsetting divestments underlying business Injury rates at historic lows – down ~40% from Q2 2014 Integrating CC&V – adds free cash flow and mine life with upside potential Strengthen Projects on track – Turf Vent Shaft, Merian, Long Canyon Phase 1 the portfolio ~$1.7B in sale of non-core assets – over last two years ~$700M in adjusted EBITDA 2 – up 32% since Q2 2014 Create $119M in free cash flow 3 – strong operating performance offsets lower gold price shareholder value Paying dividend and repaying debt – $75M debt payment in Q2 2015 Twin Creeks August 2015 Newmont Mining Corporation | Investor Presentation | 3
Step change in quarter on quarter performance Gold AISC down Gold price down Gold CAS down 14% 8% 14% Cash from continuing operations up Adjusted EBITDA up 17% 32% Note: Arrows depict Q2 2015 performance versus Q2 2014 performance August 2015 Newmont Mining Corporation I Investor Presentation I 4
Improving the business starts with safety Total Recordable Incident Frequency Rate (TRIFR) (per 200,000 hours worked) 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2012 2015 August 2015 Newmont Mining Corporation | Investor Presentation | 5
Improving production and costs (Moz) 5 Attributable gold production Gold all-in sustaining costs ($/oz) 2015 – 2017 outlook 2015 – 2017 outlook 5.2 – 5.5 Moz 4.7 – 5.1 Moz $920 – $980/oz $900 – $1,000/oz 2015 2017 2015 2017 North America APAC Africa South America *As of June 30, 2015 August 2015 Newmont Mining Corporation | Investor Presentation | 6
Disciplined capital expenditure and investment Consolidated capital expenditure ($M) $2,000 Sustaining capital $1,500 $850 – $950M $1,000 $500 $0 2015 2016 2017 Sustaining capital Merian Turf Vent Shaft Long Canyon CC&V August 2015 Newmont Mining Corporation | Investor Presentation | 7
Strengthening the portfolio August 2015 Newmont Mining Corporation | Investor Presentation | 8
Turf Vent Shaft opens new platform for growth* Progressing on schedule and on budget • First production in late 2015; capital costs of $300 – $350M Delivers higher production at lowers costs • Adds 100 – 150 Koz/year of higher grade feed to Mill 6 Platform to develop high grade intercepts to the North and Northeast *For all graphical representations and reserve and resource information hereof, please refer to endnote 9 August 2015 Newmont Mining Corporation I Investor Presentation I 9
Construction and first mining underway at Merian Progressing on schedule and on budget • First production in late 2016; capital costs of $600 – $700M (75% share) Delivers strong production at competitive costs • Adds 400 – 500 Koz/year at AISC of $650 – $750/oz (first five years; 100% basis) Opens new district in Guiana Shield August 2015 Newmont Mining Corporation I Investor Presentation I 10
Breaking ground at Long Canyon Phase 1 Progressing on schedule and on budget • First production in 2017; Capital costs of $250 – $300M Delivers higher production at lowers costs • Adds 100 – 150 Koz/year at AISC of $500 – $600/ounce LOM Long Canyon District potential – high grade oxide mineralization over three mile strike length August 2015 Newmont Mining Corporation I Investor Presentation I 11
Next priorities are Tanami and Ahafo Mill expansions Tanami Expansion Ahafo Mill Expansion • Adds 100 – 125Koz* • Adds 100 – 125 Koz* • $100 – $120M investment • $140 – $160M investment • First production in 2017 • First production in 2017 *Expected first five year average August 2015 Newmont Mining Corporation I Investor Presentation I 12
Exploration focused on high grade, near mine options Post-2020 production August 2015 Newmont Mining Corporation | Investor Presentation | 13
Portfolio optimization nets ~$1.7B cash to date Cumulative cash generated through asset sales at fair value ($M) $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Canadian Midas Paladin Jundee Penmont Merian Other Other EGR Waihi Oil Sands (5.4%) (44%) (25%) 2014* 2015* (pending) 2014 2013 2015 *Other divestments include the sale of equipment at Conga and the sale of McCoy Cove in 2014 and the sale of equity interest in Levon Resources, Hemlo mineral rights and Relief Canyon mining claims in 2015. August 2015 Newmont Mining Corporation I Investor Presentation I 14
Capturing gold sector leadership Where is Newmont today? Where is Newmont heading? Where Newmont is Today Where Newmont is Heading Safety Industry-leading safety performance Zero injuries and illnesses $909/oz – down 14% from Q2 2014 AISC All sites at or below $1,000/oz ~$1.7B in non-core asset sales Portfolio Developing most promising projects Growth Expansions (Turf Vent Shaft, CC&V) New districts (Merian, Long Canyon) Free Cash Fund projects and shareholder returns $119M generated in Q2 2015 Flow through cash flows Returns Meet or beat expectations First quartile TSR Balance Investment grade balance sheet Investment grade balance sheet sheet August 2015 Newmont Mining Corporation | Investor Presentation | 15
CC&V Overview
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