SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 16, 2012
Newmont Mining Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-31240
(Commission File Number)
84-1611629
(I.R.S. Employer Identification No.
6363 South Fiddlers Green Circle, Greenwood Village, CO 80111
(Address of principal executive offices) (zip code)
(303) 863-7414
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On October 16, 2012, Newmont Mining Corporation, a Delaware corporation, issued a news release reporting its preliminary third quarter attributable gold and copper production and sales. A copy of the news release is furnished as Exhibit 99.1 to this report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
| Exhibit Number | Description of Exhibit |
| 99.1 | News Release dated October 16, 2012 |
| -2- |
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| By: /s/ Stephen P. Gottesfeld | |
| Name: Stephen P. Gottesfeld | |
| Title: Senior Vice President, General Counsel and Secretary |
Dated: October 16, 2012
| -3- |
EXHIBIT INDEX
| Exhibit Number | Description of Exhibit |
| 99.1 | News Release dated October 16, 2012 |
| -4- |
Newmont Announces Attributable Third Quarter Gold and Copper Production and Sales
This release reflects Newmont's preliminary third quarter operating results and are subject to change when the Company files its third quarter Form 10-Q on Thursday, November 1st.
DENVER, Oct. 16, 2012 /PRNewswire/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") today reported preliminary third quarter attributable gold and copper production of 1.24 million ounces and 35 million pounds, respectively. Preliminary attributable gold and copper sales were 1.21 million ounces and 38 million pounds, respectively, at average realized prices of approximately $1,659 per ounce of gold and $3.54 per pound of copper. The London PM Fix average gold price for the quarter was $1,652 per ounce. Third quarter production was impacted by lower mill availability and recoveries at Boddington, and lower ore tonnes and grade mined at Tanami in Australia.
The Company is also expecting a $27 million charge for Hope Bay care and maintenance and a charge of approximately $50 million for restructuring, severance, and related costs in Other Expense for the quarter.
Newmont will report its third quarter 2012 financial results on Thursday, November 1st, 2012, after market close.
Region | Q3 2012 Attributable Production (Kozs, Mlbs) | Q3 2012 Attributable Sales* (Kozs, Mlbs) | YTD 2012 Attributable Production (Kozs, Mlbs) | YTD 2012 Attributable Sales* (Kozs, Mlbs) |
Nevada | 456 | 442 | 1270 | 1236 |
La Herradura | 52 | 51 | 164 | 164 |
North America | 508 | 493 | 1434 | 1400 |
Yanacocha | 182 | 182 | 570 | 558 |
La Zanja | 14 | 14 | 40 | 40 |
South America | 196 | 196 | 610 | 598 |
Boddington | 166 | 167 | 507 | 507 |
Other Australia/NZ | 229 | 223 | 710 | 690 |
Batu Hijau | 7 | 7 | 26 | 23 |
Asia Pacific | 402 | 397 | 1244 | 1220 |
Ahafo | 131 | 123 | 438 | 422 |
Africa | 131 | 123 | 438 | 422 |
Total Gold | 1237 | 1209 | 3726 | 3640 |
Boddington | 16 | 17 | 48 | 46 |
Batu Hijau | 19 | 21 | 60 | 57 |
Total Copper | 35 | 38 | 108 | 103 |
*Included in attributable sales are Newmont's non-consolidated equity interests in La Zanja and Duketon. | ||||
Conference Call Information
A conference call will be held on Friday, November 2, 2012 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time); it will also be carried on the Company's website.
Conference Call Details | ||||
Dial-In Number | 888.566.1822 | |||
Intl Dial-In Number | 312.470.7116 | |||
Leader | John Seaberg | |||
Passcode | Newmont | |||
Replay Number | 800-834-5839 | |||
Intl Replay Number | 203-369-3351 | |||
Replay Passcode | 2012 | |||
Webcast Details | ||||
URL | http://services.choruscall.com/links/newmont121102.html | |||
Please download the free Newmont Investor Relations iPad application from the Apple Online App Store, keyword search "Newmont".
Cautionary Statement About Preliminary Results
We caution you that, whether or not expressly stated, all measures of the Company's third quarter financial results and condition contained in this news release, including production, sales, average realized price, care and maintenance costs and other expenses, are preliminary results as of the date of this news release. Actual reported third quarter results are subject to management's final review as well as review by the Company's independent registered accounting firm, and may vary due to a number of factors, including, without limitation, additional or revised information and changes in accounting standards or policies or in how those standards are applied. For a discussion of factors that may adversely affect our financial results and condition, refer to the Company's 2011 Annual Report on Form 10-K, filed on February 24, 2012, with the Securities and Exchange Commission ("SEC"), as well as the Company's other SEC filings, available on the SEC's website at www.sec.gov. Investors are encouraged to review the Company's third quarter Form 10-Q, which is expected to be filed on Form 10-Q on or prior to Friday, November 2, 2012 for the actual reported third quarter results.
Appendix Attributable Production
| ||||||||
Region | Q3 2011 Attributable Production (Kozs, Mlbs) | Q2 2012 Attributable Production (Kozs, Mlbs) | Q3 2012 Attributable Production (Kozs, Mlbs) | 2011 YTD Attributable Production (Kozs, Mlbs) | 2012 YTD Attributable Production (Kozs, Mlbs) | % Change
| % Change
| % Change
|
Nevada | 428 | 378 | 456 | 1218 | 1270 | 7% | 21% | 4% |
La Herradura | 54 | 59 | 52 | 156 | 164 | -4% | -12% | 5% |
North America | 482 | 437 | 508 | 1374 | 1434 | 5% | 16% | 4% |
Yanacocha | 169 | 200 | 182 | 492 | 570 | 8% | -9% | 16% |
La Zanja | 19 | 13 | 14 | 49 | 40 | -26% | 8% | -18% |
South America | 188 | 213 | 196 | 541 | 610 | 4% | -8% | 13% |
Boddington | 166 | 180 | 166 | 536 | 508 | 0% | -8% | -5% |
Other Australia/NZ | 263 | 212 | 229 | 814 | 710 | -13% | 8% | -13% |
Batu Hijau | 66 | 8 | 7 | 138 | 26 | -89% | -13% | -81% |
Asia Pacific | 495 | 400 | 402 | 1488 | 1244 | -19% | 0% | -16% |
Ahafo | 146 | 132 | 131 | 478 | 438 | -10% | -1% | -8% |
Africa | 146 | 132 | 131 | 478 | 438 | -10% | -1% | -8% |
Total Gold | 1311 | 1182 | 1237 | 3881 | 3726 | -6% | 5% | -4% |
Boddington | 17 | 18 | 16 | 47 | 48 | -7% | -12% | 2% |
Batu Hijau | 41 | 20 | 19 | 112 | 60 | -54% | -5% | -46% |
Total Copper | 58 | 38 | 35 | 159 | 108 | -40% | -8% | -32% |
CONTACT: Media, Omar Jabara, +1-303-837-5114, omar.jabara@newmont.com, or Diane Reberger, +1-303-967-9455, diane.reberger@newmont.com, or Investors, John Seaberg, +1-303-837-5743, john.seaberg@newmont.com, or Karli Anderson, +1-303-837-6049, karli.anderson@newmont.com