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2015 Full-Year and Fourth Quarter Earnings Results

Yesterday, Newmont released full-year and fourth quarter results demonstrating strong operating performance in 2015. This included reducing injury rates by 18 percent, more than doubling consolidated free cash flow and lowering all-in sustaining costs by 10 percent compared to the previous year.

Highlights from 2015 included:

  • Delivered adjusted net income1 of $507 million or $0.98 per share; GAAP net income attributable to shareholders from continuing operations was $193 million or $0.38 per share
  • Improving gold all-in sustaining costs by 10 percent to $898 per ounce, ending within guidance
  • Improved gold costs applicable to sales by 10% to $633 per ounce, ending the year within guidance
  • Increasing consolidated adjusted EBITDA by 29 percent over 2014 to $2.7 billion
  • Producing 04 million ounces of attributable gold production, ending the year within guidance
  • Acquiring Cripple Creek & Victor, completing the Turf Vent Shaft and progressing Merian, Long Canyon and the Tanami Expansion Project on time and on budget
  • Maintaining fourth quarter dividend of $0.025 per share in line with Newmont’s revised gold price-linked dividend policy

For more information about Newmont’s operations and results, please visit our website.

This blog may contain certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, such as with respect to outlook and future plans. Estimates or expectations of future events or results are based upon certain assumptions, which are subject to risks and uncertainties and may prove to be incorrect. Investors are encouraged to read the Cautionary Note relating to forward-looking statements the related earnings press release at this link. This blog also contains certain non-GAAP measures, such as free cash flow, adjusted EBITDA, adjusted EBITDA, AISC (or all in sustaining costs) and adjusted Net Income. Investors are encouraged to refer to the reconciliations of non-GAAP metrics to the closest GAAP metric on pages 11–20 of the same press release at the link above.
Tags : Corporate, Performance

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