{"id":7995,"date":"2021-07-23T15:24:00","date_gmt":"2021-07-23T05:24:00","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=7995"},"modified":"2021-07-28T15:25:23","modified_gmt":"2021-07-28T05:25:23","slug":"newmont-rises-above-tanami-constraints","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2021\/07\/23\/newmont-rises-above-tanami-constraints\/","title":{"rendered":"Newmont rises above Tanami constraints"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

News<\/a> Nickolas Zakharia<\/a><\/p>\n\n\n\n

\"Newmont\"\/
The Tanami gold operation. Image: Newmont.<\/em><\/figcaption><\/figure>\n\n\n\n

Newmont has boosted production across its global gold portfolio, with an increase in grades and throughput at the Boddington mine in Western Australia contributing to the result.<\/p>\n\n\n\n

The company produced 1.45 million ounces of gold in the June quarter, which was 15 per cent higher than the previous corresponding period.<\/p>\n\n\n\n

Boddington and Tanami produced 189,000 ounces and 109,000 ounces respectively in the June quarter.<\/p>\n\n\n\n

The company signalled that production offset by a build-up of in-circuit inventory at Tanami after it was placed under care and maintenance which was lifted in July.<\/p>\n\n\n\n

Newmont has also continued to deploy COVID-19 vaccinations to its workforce globally.<\/p>\n\n\n\n

According to Newmont president and chief executive officer Tom Palmer, the company had secured $US1.6 billion ($2.1 billion) in earnings in the June quarter.<\/p>\n\n\n\n

\u201cCapitalising on the strength of our assets and integrated operating model, Newmont delivered a solid second quarter performance with $US1.6 billion in adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) and $US578 million in free cash flow,\u201d Palmer said.<\/p>\n\n\n\n

\u201cOur performance and disciplined approach to capital allocation allowed Newmont to declare a second quarter dividend of $US0.55 per share<\/span>, whilst we continue to reinvest in our business through our most profitable projects.<\/p>\n\n\n\n

\u201cAs we move into our next 100 years of mining, we remain focused on delivering value to all of our stakeholders from our world-class portfolio of long-life, responsibly managed assets located in top- tier jurisdictions.\u201d<\/p>\n\n\n\n

Newmont will continue to focus on boosting gold production and investment into its operating aspects as part of its outlook.<\/p>\n\n\n\n

The company has progressed its Tanami Expansion 2 project which will boost the site\u2019s mine life beyond 2040 through a 1460-metre hosting shaft that will result in a 150,000 to 200,000-ounce increase to annual gold production.<\/p>\n\n\n\n

The project\u2019s capital cost is estimated to be between $US850 million and $US950 million with production from the expansion due in the first half of 2024.<\/p>\n\n\n\n

Newmont\u2019s annual gold production outlook is 6.5 million tonnes for the 2021 calendar year.<\/p>\n\n\n\n

The company stated that its target is on track and will be bolstered by the second half of the year.<\/p>\n\n\n\n

Newmont will aim to produce seven million ounces of gold per year from 2024.<\/p>\n\n\n\n

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

July 23, 2021News Nickolas Zakharia Newmont has boosted production across its global gold portfolio, with an increase in grades and throughput at the Boddington mine in Western Australia contributing to the result. The company produced 1.45 million ounces of gold in the June quarter, which was 15 per cent higher than the previous corresponding period. Boddington … Continue reading “Newmont rises above Tanami constraints”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-7995","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-24X","jetpack-related-posts":[{"id":8498,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/11\/09\/australias-new-largest-gold-miner\/","url_meta":{"origin":7995,"position":0},"title":"Australia\u2019s new largest gold miner","author":"yinghui","date":"November 9, 2023","format":false,"excerpt":"TIM BOND The Cadia gold operation in New South Wales. Newcrest Mining disappears from the ASX, having been officially swallowed-up by gold giant Newmont. The takeover creates a veritable gold behemoth\u00a0in control of over half of the world\u2019s Tier-1 gold assets. The enlarged Newmont, which sees foreign ownership of Australian\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8974,"url":"https:\/\/yinghuiinternational.com\/index.php\/2025\/06\/10\/tanami-powers-ahead-with-nt-government-backing\/","url_meta":{"origin":7995,"position":1},"title":"Tanami powers ahead with NT Government backing","author":"yinghui","date":"June 10, 2025","format":false,"excerpt":"Eliza Freeman Image: Phawat\/stock.adobe.com The Northern Territory Government is supporting resource development at one of Australia\u2019s most remote gold mines, delivering jobs, investment and royalties for the community. The Tanami gold mine, owned by Newmont, is expected to produce approximately 380,000 ounces (oz) of gold in 2025. With gold prices\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"Newmont Tanami","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2025\/03\/gold-1-1024x681.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2025\/03\/gold-1-1024x681.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2025\/03\/gold-1-1024x681.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2025\/03\/gold-1-1024x681.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":3292,"url":"https:\/\/yinghuiinternational.com\/index.php\/2019\/02\/26\/barrick-launches-25bn-bid-for-newmont\/","url_meta":{"origin":7995,"position":2},"title":"Barrick launches $25bn bid for Newmont","author":"yinghui","date":"February 26, 2019","format":false,"excerpt":"Barrick Gold has officially unveiled an offer to merge with Newmont Mining after several days of anticipation it would make a tilt for the gold rival. The $US17.8 billion ($24.8 billion) all-share transaction would create the world\u2019s largest gold company, with three Australian assets \u2013 the Super Pit and Boddington\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8269,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/05\/16\/what-does-the-newmont-takeover-mean-for-the-aussie-gold-industry\/","url_meta":{"origin":7995,"position":3},"title":"What does the Newmont takeover mean for the Aussie gold industry?","author":"yinghui","date":"May 16, 2023","format":false,"excerpt":"TIMOTHY BOND With the Newmont takeover of Australian gold miner Newcrest now\u00a0given the green light by the board, Australia\u2019s gold landscape is set to change forever. Newcrest has a strong portfolio of assets which the US gold giant is evidently keen to get its hands on, such as the Brucejack\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"newcrest, cadia hill, mine","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-12-at-10.31.45-am-1024x658.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-12-at-10.31.45-am-1024x658.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-12-at-10.31.45-am-1024x658.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-12-at-10.31.45-am-1024x658.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8324,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/08\/03\/newmont-takeover-of-newcrest-receives-png-approval\/","url_meta":{"origin":7995,"position":4},"title":"Newmont takeover of Newcrest receives PNG approval","author":"yinghui","date":"August 3, 2023","format":false,"excerpt":"OLIVIA THOMSON Papua New Guinea\u2019s (PNG) Independent Consumer and Competition Commission (ICCC) has granted clearance for Newmont to proceed with its acquisition\u00a0of\u00a0Newcrest. After a three-month process beginning in February 2023, Newmont\u00a0secured\u00a0a $26.2 billion takeover deal with Newcrest. The Canadian Competition Bureau\u00a0issued\u00a0a \u2018no action\u2019 letter clearing Newmont\u2019s announced transaction\u00a0with\u00a0Newcrest under Canadian\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8833,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/08\/13\/newmont-to-roll-out-global-autonomous-fleet\/","url_meta":{"origin":7995,"position":5},"title":"Newmont to roll out global autonomous fleet","author":"yinghui","date":"August 13, 2024","format":false,"excerpt":"Kelsie Tibben Image: WesTrac\/Newmont Newmont will begin rolling out more autonomous haul trucks, drill rigs, and graders following a trial to boost the technology capabilities of its Cadia mine in New South Wales. The gold miner will begin expanding next generation 5G wireless networks to improve safety in underground mining\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/safetowork.com.au\/wp-content\/uploads\/2021\/04\/WesTrac-Newmont-trucks-1-1024x768.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/safetowork.com.au\/wp-content\/uploads\/2021\/04\/WesTrac-Newmont-trucks-1-1024x768.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/safetowork.com.au\/wp-content\/uploads\/2021\/04\/WesTrac-Newmont-trucks-1-1024x768.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/safetowork.com.au\/wp-content\/uploads\/2021\/04\/WesTrac-Newmont-trucks-1-1024x768.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/7995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=7995"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/7995\/revisions"}],"predecessor-version":[{"id":7996,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/7995\/revisions\/7996"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=7995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=7995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=7995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}