10 Things You May Not Know About Newmont
You probably know at least one thing about Newmont: they mine gold. But, there is so much more to their story. Here are ten things you may not know about them:
- They also produce copper—a lot of it actually. In addition to producing 5.2 million attributable* ounces of gold, we also produced 206 millionpounds of copper in 2011.
- While they are headquartered in the Denver metro area our operations span five continents: North America, South America, Africa, Asia and Australia.
- They operate the largest gold mine in South America—Yanacocha, which is a joint venture with Peruvian mining company Buenaventura.
- Colonel William Boyce Thompson decided to create Newmont to manage his growing investments in mining and oil. He chose the company name based on the wealth he created in New York and his home state of Montana.
- Newmont owns 50% of Kalgoorlie Consolidated Gold Mines (KCGM), which operates the Fimiston Open Pit (aka “Super Pit”) mine in Kalgoorlie, Western Australia. Once called the “richest square mile of gold on earth,” since the early 1890s the mine has produced more than 50 million ounces of gold. That’s more than the Klondike and California gold rushes combined.
- They were the first mining company to offer a gold price-linked dividend.
- Newmont was the first company to discover sub-microscopic “invisible” gold in Nevada in the 1960s.
- If Newmont were a country, it would occupy a land position almost as large in size as the country of Austria.
- Newmont is nearly 100 years old. We were incorporated in 1921, sold our first public shares in 1925 and were first listed on the New York Stock Exchange in 1940.
- In 2007 Newmont became the first, and only, gold mining company listed on the Dow Jones Sustainability Index (DJSI). In 2011 we remained on the list for the fifth consecutive year. The DJSI independently evaluates companies’ long-term economic, environmental and social performance, publicly identifying the top 10 percent of performers in areas of sustainability.
* An attributable ounce represents our economic interest in a particular mine.
Source: [ newmont.com ]
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