Newmont Goldcorp Safely Ramping Up Operations at Peñasquito Mine in Mexico
DENVER--(BUSINESS WIRE)--Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or theCompany) is safely ramping up operations at the Peñasquito mine inMexico following the lifting of an illegal blockade and theestablishment of a dialogue process sponsored by the national government.
Concentrate shipments from the mine, as well as the delivery of suppliesto the site, have resumed and workers are going through orientationsessions to ensure production begins in a safe and orderly manner.During the temporary suspension of operations, which began on April 29,the mine used the downtime to bring forward maintenance on a variety ofsystems and equipment.
Newmont Goldcorp is committed to good-faith dialogue with the truckingcompany and the San Juan de Cedros community (one of 25 neighboringcommunities) to achieve a fair and enduring resolution to contract andwater availability issues.
The Peñasquito mine produced 272,000 ounces of gold in 2018 and directlyemploys more than 6,000 people while supporting another 20,000 indirectjobs in the region. Peñasquito has enhanced water availability toneighboring communities through a number of projects including watertreatment plants, new wells, pipelines and water trucks.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer ofcopper, silver, zinc and lead. The Company’s world-class portfolio ofassets, prospects and talent is anchored in favorable miningjurisdictions in North America, South America, Australia and Africa.Newmont Goldcorp is the only gold producer listed in the S&P 500 Indexand is widely recognized for its principled environmental, social andgovernance practices. The Company is an industry leader in valuecreation, supported by robust safety standards, superior execution andtechnical proficiency. Newmont Goldcorp was founded in 1921 and has beenpublicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain "forward-looking statements" within themeaning of Section 27A of the US Securities Act of 1933, as amended, andSection 21E of the US Exchange Act of 1934, as amended, which areintended to be covered by the safe harbor created by such sections andother applicable laws. Forward-looking statements may include, withoutlimitation, statements relating to future production and operations atthe Peñasquito mine. Where a forward-looking statement expresses orimplies an expectation or belief as to future events or results, suchexpectation is expressed in good faith and believed to have a reasonablebasis. However, such statements are subject to risks, uncertainties andother factors, which could cause actual results to differ materially.Risks may include, but are not limited to, community relations risks andother factors disclosed in the Company’s Annual Report on Form 10-K forthe year ended December 31, 2018 under the heading “Risk Factors” filedwith the U.S. Securities and Exchange Commission (the “SEC”) and theCompany’s recent SEC filings, available on the SEC website or www.newmontgoldcorp.com,as well as the Company’s most recent filings made with Canadiansecurities regulatory authorities and available on SEDAR. The Companydoes not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, toreflect events or circumstances after the date of this news release, orto reflect the occurrence of unanticipated events, except as may berequired under applicable securities laws. Investors should not assumethat any lack of update to a previously issued “forward-lookingstatement” constitutes a reaffirmation of that statement. Continuedreliance on “forward-looking statements” is at investors’ own risk.