Newmont Goldcorp Looks Forward to Partnership with Saracen at KCGM in Australia
November 18 2019 - 8:07AM
Business Wire
KCGM remains core asset for Newmont in favorable
jurisdiction
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont
Goldcorp or the Company) said it looks forward to a long and
productive partnership with Saracen Mineral Holdings Ltd. (Saracen)
at Kalgoorlie Consolidated Gold Mines (KCGM) in Australia. Earlier
today, Saracen announced an agreement to purchase Barrick Gold
Corporation’s 50 percent stake in KCGM. Newmont Goldcorp will
remain the operator of KCGM and continue to manage the mine
according to its leading policies and standards.
“We congratulate Saracen on its agreement to purchase Barrick’s
stake in KCGM and we look forward to partnering with them to
continue delivering value at this world-class asset, safely and
efficiently,” said Tom Palmer, President and Chief Executive
Officer. “KCGM and the Golden Mile offer ongoing growth and value
generating opportunities in Australia, which remains a core
operating region for Newmont.”
Located in Kalgoorlie-Boulder in Western Australia, KCGM
directly employs approximately 1,250 people and produced 636,000
ounces of gold in 2018. Operations began at KCGM in 1989 and the
mine has produced 21 million ounces of gold over the last three
decades.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a
producer of copper, silver, zinc and lead. The Company’s
world-class portfolio of assets, prospects and talent is anchored
in favorable mining jurisdictions in North America, South America,
Australia and Africa. Newmont Goldcorp is the only gold producer
listed in the S&P 500 Index and is widely recognized for its
principled environmental, social and governance practices. The
Company is an industry leader in value creation, supported by
robust safety standards, superior execution and technical
proficiency. Newmont Goldcorp was founded in 1921 and has been
publicly traded since 1925.
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version on businesswire.com: https://www.businesswire.com/news/home/20191118005448/en/
Media Contact Omar Jabara
303.837.5114 omar.jabara@newmont.com Investor
Contact Jessica Largent 303.837.5484
jessica.largent@newmont.com
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