Growth strategy outlined Denver-based miner Newmont has announced key actions that are to enable the company to implement its expansion strategy in the coming years.
“Newmont's go-forward portfolio is the new standard for gold and copper mining," said Tom Palmer, Newmont's President and Chief Executive Officer, as quoted in a statement. “This portfolio provides our shareholders with exposure to the highest concentration of Tier 1 assets in the sector, each with the scale and mine life to generate strong free cash flows, and all located in the world's most favorable mining jurisdictions.”
Under the plan, Newmont aims to reach some 6.7 million ounces of gold production by 2028, and a gold equivalent ounce (GEO) production of 8.3 million by the same year, according to the statement.