Nemetschek (TG:NEM)
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From Jan 2020 to Jan 2025
GOLD NON-RESERVE MINERALIZATION
Equity Gold Mineralized Material Not in Reserves(1)
December 31, 2005
_______________________________________________
Gold Measured Gold Indicated
Deposits/Districts Material Material
Newmont __________________ __________________
Share Tonnage Grade Tonnage Grade
(000 tons) (oz/ton) (000 tons)(oz/ton)
Nevada
Carlin Open Pit 100% 4,400 0.045 23,700 0.039
Twin Creeks 100% 1,900 0.058 18,000 0.048
Lone Tree Complex(2) 100% 3,000 0.032 0
Phoenix 100% 0 0.000 22,200 0.023
Total Nevada Open Pit 9,300 0.043 63,900 0.036
Carlin Underground 100% 100 0.41 200 0.28
Midas 100% 0 0.00 0
Turquoise Ridge(3) 25% 800 0.42 600 0.42
Total Nevada Underground 900 0.42 800 0.39
Nevada Stockpiles(4) 100% 4,800 0.055 0
TOTAL NEVADA 15,000 0.070 64,700 0.040
Peru
Yanacocha 51.35% 500 0.008 83,900 0.027
Conga 51.35% 0 58,000 0.013
La Zanja(5) 46.9% 5,200 0.027 3,800 0.024
TOTAL PERU 5,700 0.025 145,700 0.021
Australia/New Zealand
Boddington, Western
Australia(6) 44.44% 7,200 0.013 63,500 0.018
Kalgoorlie, Western
Australia 50% 1,700 0.058 2,600 0.065
Pajingo, Queensland 100% 0 100 0.11
Tanami, Northern Territory 100% 0 900 0.067
Jundee, Western Australia 100% 0 400 0.051
Martha, New Zealand 100% 0 3,000 0.17
TOTAL AUSTRALIA/NEW ZEALAND 8,900 0.022 70,500 0.027
Batu Hijau, Indonesia
Batu Hijau(7) 52.875% 10,100 0.007 47,600 0.006
TOTAL BATU HIJAU 10,100 0.007 47,600 0.006
Ghana
Akyem(8) 85% 0 9,800 0.048
Ahafo 100% 0 45,400 0.063
TOTAL AFRICA 0 55,200 0.060
Other Operations and Projects
Holloway, Ontario(9) 100% 700 0.20 2,000 0.18
La Herradura, Mexico 44% 7,200 0.022 9,700 0.021
Kori Kollo, Bolivia 88% 0 12,400 0.018
Martabe, Indonesia 95% 0 0
TOTAL OTHER OPERATIONS AND
PROJECTS 7,900 0.037 24,100 0.033
TOTAL NEWMONT 47,600 0.037 407,800 0.029
Equity Gold Mineralized Material Not in Reserves(1)
December 31, 2005
______________________________________
Gold Measured + Gold Inferred
Deposits/Districts Indicated Material Material
___________________ __________________
Tonnage Grade Tonnage Grade
(000 tons) (oz/ton) (000 tons)(oz/ton)
Nevada
Carlin Open Pit 28,100 0.040 4,200 0.024
Twin Creeks 19,900 0.049 3,100 0.033
Lone Tree Complex(2) 3,000 0.032 0
Phoenix 22,200 0.023 16,500 0.026
Total Nevada Open Pit 73,200 0.037 23,800 0.026
Carlin Underground 300 0.33 3,700 0.46
Midas 0 600 0.42
Turquoise Ridge (3) 1,400 0.42 400 0.54
Total Nevada Underground 1,700 0.41 4,700 0.46
Nevada Stockpiles (4) 4,800 0.055 0
TOTAL NEVADA 79,700 0.046 28,500 0.099
Peru
Yanacocha 84,400 0.027 24,200 0.023
Conga 58,000 0.013 79,000 0.011
La Zanja(5) 9,000 0.026 0
TOTAL PERU 151,400 0.021 103,200 0.014
Australia/New Zealand
Boddington, Western Australia(6) 70,700 0.017 158,600 0.020
Kalgoorlie, Western Australia 4,300 0.062 2,000 0.149
Pajingo, Queensland 100 0.11 300 0.33
Tanami, Northern Territory 900 0.067 5,500 0.18
Jundee, Western Australia 400 0.051 1,800 0.27
Martha, New Zealand 3,000 0.17 600 0.29
TOTAL AUSTRALIA/NEW ZEALAND 79,400 0.026 168,800 0.031
Batu Hijau, Indonesia
Batu Hijau (7) 57,700 0.006 25,600 0.002
TOTAL BATU HIJAU 57,700 0.006 25,600 0.002
Ghana
Akyem(8) 9,800 0.048 3,900 0.047
Ahafo 45,400 0.063 19,000 0.074
TOTAL AFRICA 55,200 0.060 22,900 0.070
Other Operations and Projects
Holloway, Ontario (9) 2,700 0.19 0
La Herradura, Mexico 16,900 0.021 7,400 0.024
Kori Kollo, Bolivia 12,400 0.018 0
Martabe, Indonesia 0 42,600 0.066
TOTAL OTHER OPERATIONS AND PROJECTS 32,000 0.034 50,000 0.060
TOTAL NEWMONT 455,400 0.030 399,000 0.036
(1) Mineralized material is calculated at a gold price of US$425, A$600,
or NZ$715 per ounce unless otherwise noted. 2004 Mineralized material
was calculated at a gold price of US$375, A$600, or NZ$715 per ounce.
Tonnage amounts have been rounded to the nearest 100,000.
(2) The Lone Tree deposit will be mined out in August 2006 based on the
current mine plan. Processing of stockpiles and residual leaching
will continue after the open pit operation is closed.
(3) Mineralized material estimates were provided by Placer Dome, the
operator of the Turquoise Ridge Joint Venture. Placer Dome calculated
mineralized material not in reserves assuming a gold price of US$450
per ounce.
(4) Stockpiles are comprised primarily of material that has been set aside
to allow processing of higher grade material in the mills. Stockpiles
increase or decrease depending on current mine plans.
(5) Mineralized material estimates were provided by Buenaventura, the
operator of the La Zanja Project. Buenaventura calculated mineralized
material at a gold price of US$350 per ounce.
(6) Deposit is currently undeveloped. Newmont announced the acquisition
of an additional 22.22% equity interest on February 12, 2006, which
will increase Newmont's equity ownership to 66.67%.
(7) Percentage reflects Newmont's economic interest in remaining
mineralized material.
(8) Newmont acquired the remaining 15% interest in January 2006, bringing
Newmont's equity interest to 100%.
(9) Newmont's equity interest increased to 100% in 2005 from 96.7% in 2004
because our joint venture partner elected not to participate in the
work program as of September 30, 2005; as a result, its equity
interest converted into a net profits interest.
COPPER PROVEN AND PROBABLE RESERVES
Equity Copper Reserves(1)
December 31, 2005
Copper Proven Reserves
Deposits/Districts Newmont Copper
Share Tonnage Grade (million
(000 tons) (Cu%) pounds)
Phoenix, Nevada(2) 100% 0 0
Conga, Peru(3) 51.35% 0 0
Batu Hijau 52.875% 147,600 0.47% 1,390
Batu Hijau, Stockpiles(4) 52.875% 0 0
Total Batu Hijau, Indonesia(5) 52.875% 147,600 0.47% 1,390
Boddington, Western Australia(6) 44.44% 60,600 0.12% 140
Golden Grove, Western Australia(7) 100% 0 0
TOTAL 208,200 0.37% 1,530
Equity Copper Reserves(1)
December 31, 2005
Copper Probable Reserves
Deposits/Districts Copper
Tonnage Grade (million
(000 tons) (Cu%) pounds)
Phoenix, Nevada(2) 309,900 0.15% 900
Conga, Peru(3) 317,200 0.26% 1,660
Batu Hijau 446,500 0.44% 3,920
Batu Hijau, Stockpiles(4) 103,900 0.36% 750
Total Batu Hijau, Indonesia(5) 550,400 0.42% 4,670
Boddington, Western Australia(6) 136,600 0.12% 340
Golden Grove, Western Australia(7) 0 0
TOTAL 1,314,100 0.29% 7,570
Equity Copper Reserves(1)
December 31, 2005
Copper Proven + Probable Reserves
Deposits/Districts Copper Metal-
Tonnage Grade (million lurgical
(000 tons) (Cu%) pounds) Recovery
Phoenix, Nevada(2) 309,900 0.15% 900 67%
Conga, Peru(3) 317,200 0.26% 1,660 85%
Batu Hijau 594,100 0.45% 5,310 83%
Batu Hijau, Stockpiles(4) 103,900 0.36% 750 70%
Total Batu Hijau, Indonesia(5) 698,000 0.43% 6,060 81%
Boddington, Western Australia(6) 197,200 0.12% 480 83%
Golden Grove, Western
Australia(7) 0 0
TOTAL 1,522,300 0.30% 9,100 81%
Equity Copper Reserves(1)
December 31, 2004
Copper Proven + Probable Reserves
Deposits/Districts Copper
Tonnage Grade (million
(000 tons) (Cu%) pounds)
Phoenix, Nevada(2) 216,700 0.15% 660
Conga, Peru(3) 190,600 0.30% 1,140
Batu Hijau 588,900 0.48% 5,600
Batu Hijau, Stockpiles(4) 86,500 0.38% 660
Total Batu Hijau, Indonesia(5) 675,400 0.46% 6,260
Boddington, Western Australia(6) 190,700 0.12% 470
Golden Grove, Western
Australia(7) 8,700 2.07% 360
TOTAL 1,282,100 0.35% 8,890
(1) Reserves are calculated at a copper price of US$1.00 or A$1.43 per
pound. 2004 reserves were calculated at a copper price of US$0.90 or
A$1.45 per pound. Tonnage amounts have been rounded to the nearest
100,000 and copper pounds have been rounded to the nearest 10 million.
(2) Deposit is partially developed. Construction of facilities began in
November 2004, and production is expected in 2006.
(3) Deposits are undeveloped.
(4) Stockpiles are comprised primarily of material that has been set aside
to allow processing of higher grade material in the mill. Stockpiles
increase or decrease depending on current mine plans. Stockpile
reserves are reported separately where tonnage or contained metal is
greater than 5% of the total site-reported reserves.
(5) Percentage reflects Newmont's economic interest in remaining reserves.
(6) Deposit is undeveloped. Newmont announced the acquisition of an
additional 22.22% equity interest on February 12, 2006, which will
increase Newmont's equity ownership to 66.67%.
(7) Golden Grove was sold in July 2005.
COPPER NON-RESERVE MINERALIZATION
Equity Copper Mineralized Material Not in Reserves(1)
December 31, 2005
Copper Measured Copper Indicated
Material Material
Newmont
Deposits/Districts Share Tonnage Grade Tonnage Grade
(000 tons) (Cu%) (000 tons) (Cu%)
Phoenix, Nevada 100% 0 20,600 0.11%
Conga, Peru 51.35% 0 58,000 0.18%
Batu Hijau, Indonesia(2) 52.875% 10,100 0.30% 47,600 0.31%
Boddington, Western
Australia(3) 44.44% 7,200 0.08% 63,500 0.08%
TOTAL NEWMONT 17,300 0.21% 189,700 0.17%
Equity Copper Mineralized Material Not in Reserves(1)
December 31, 2005
Copper Measured + Copper Inferred
Indicated Material Material
Deposits/Districts Tonnage Grade Tonnage Grade
(000 tons) (Cu%) (000 tons) (Cu%)
Phoenix, Nevada 20,600 0.11% 15,200 0.17%
Conga, Peru 58,000 0.18% 79,000 0.17%
Batu Hijau, Indonesia(2) 57,700 0.31% 25,600 0.27%
Boddington, Western Australia(3) 70,700 0.08% 158,600 0.09%
TOTAL NEWMONT 207,000 0.18% 278,400 0.14%
(1) Mineralized material is calculated at a copper price of US$1.10 or
A$1.47 per pound. 2004 mineralized material was calculated at a
copper price of US$1.00 or A$1.50 per pound. Tonnage amounts have
been rounded to the nearest 100,000.
(2) Percentage reflects Newmont's economic interest in remaining
mineralized material.
(3) Deposit is currently undeveloped. Newmont announced the acquisition of
an additional 22.22% equity interest on February 12, 2006, which will
increase Newmont's equity ownership to 66.67%.
2005 INCOME ANALYSIS
Impact of the following transactions 2005 2004
(after-tax) $ Million EPS $ Million EPS
Income from continuing operations $374 $0.84 $453 $1.02
- Gain on sale of assets $56 $0.13 $10 $0.02
- Loss on write-down of
long-lived assets ($26) ($0.06) ($17) ($0.04)
- Loss on write-down of goodwill ($41) ($0.09) ($52) ($0.12)
- Loss on write-down of Kinross -- -- ($32) ($0.07)
- Loss on write-down of Ovacik -- -- ($16) ($0.03)
- Gain on receivable valuation
allowance $6 $0.01 -- --
- Buyat Bay litigation and settlement ($30) ($0.06) -- --
- (Loss)/gain on reclamation
revisions ($22) ($0.05) $10 $0.02
- Loss on Nevada waste dump slide ($4) ($0.01) -- --
- Gain on various tax items $27 $0.06 $62 $0.14
OPERATING STATISTICS SUMMARY
Australia/
Three months ended Nevada Yanacocha, Peru New Zealand
December 31, 2005 2004 2005 2004 2005 2004
Gold Summary
Ounces sold (000) 651.9 702.7 1,062.9 849.1 397.0 473.2
Equity ounces sold (000) 606.2 668.2 545.8 436.0 397.0 473.2
Cost applicable to sales
(in millions) $222 $191 $154 $111 $125 $138
Cost applicable to sales
per ounce $340 $271 $145 $132 $315 $292
Depreciation and
amortization (in millions) $32 $31 $57 $47 $31 $32
Depreciation and
amortization per ounce $49 $44 $53 $55 $79 $67
Batu Hijau,
Three months ended Indonesia Other(1) Total
December 31, 2005 2004 2005 2004 2005 2004
Gold Summary
Ounces sold (000) 180.9 178.9 144.0 103.8 2,436.7 2,307.7
Equity ounces
sold (000) 95.7 94.6 138.1 103.1 1,782.8 1,775.1
Cost applicable to
sales (in millions) $29 $24 $31 $23 $561 $487
Cost applicable to
sales per ounce $161 $135 $214 $219 $230 $211
Depreciation and
amortization (in
millions) $9 $8 $9 $6 $138 $124
Depreciation and
amortization per ounce $47 $44 $62 $56 $56 $54
Average realized price
per ounce $472 $436
(1) Includes Golden Giant, Canada; La Herradura, Mexico; Kori Kollo,
Bolivia and Zarafshan, Uzbekistan.
Australia/
Year ended Nevada Yanacocha, Peru New Zealand
December 31, 2005 2004 2005 2004 2005 2004
Gold Summary
Ounces sold (000) 2,444.1 2,538.0 3,327.5 3,039.9 1,600.5 1,887.6
Equity ounces
sold (000) 2,287.2 2,416.0 1,708.7 1,561.0 1,600.5 1,887.6
Cost applicable
to sales (in
millions) $807 $716 $487 $432 $508 $528
Cost applicable
to sales per
ounce $333 $282 $147 $142 $317 $280
Depreciation and
amortization (in
millions) $124 $127 $205 $198 $118 $126
Depreciation and
amortization per
ounce $51 $50 $62 $65 $74 $67
Batu Hijau,
Indonesia Other(1) Total
Year ended December 31, 2005 2004 2005 2004 2005 2004
Gold Summary
Ounces sold (000) 720.5 715.2 459.4 648.2 8,552.0 8,828.9
Equity ounces sold (000) 381.0 396.3 448.1 640.8 6,425.5 6,901.7
Cost applicable to sales
(in millions) $109 $91 $106 $143 $2,017 $1,910
Cost applicable to sales
per ounce $152 $128 $229 $220 $236 $216
Depreciation and
amortization (in
millions) $34 $28 $29 $47 $509 $526
Depreciation and
amortization per ounce $47 $39 $63 $73 $60 $60
Average realized price
per ounce $441 $412
(1) 2005 and 2004 include Golden Giant, Canada; La Herradura, Mexico; Kori
Kollo, Bolivia and Zarafshan, Uzbekistan. 2004 also includes
Minahasa, Indonesia and Ovacik, Turkey.
Three months ended Year ended
December 31, December 31,
Copper Summary 2005 2004 2005 2004
Pounds sold (000) 128,691 164,255 572,749 683,279
Equity pounds sold (000) 68,045 86,850 302,841 378,801
Cost applicable to sales (in
millions) $76 $78 $303 $305
Cost applicable to sales per pound $0.60 $0.48 $0.53 $0.45
Depreciation and amortization (in
millions) $21 $24 $87 $90
Depreciation and amortization per
pound $0.16 $0.15 $0.15 $0.13
Average realized price per pound $1.67 $1.39 $1.45 $1.33
GOLD PRODUCTION - OPERATIONS
Yanacocha, Batu Hijau,
Nevada Peru Indonesia
Three months ended
December 31, 2005 2004 2005 2004 2005 2004
Tons Mined (000 dry
short tons):
Open-Pit 49,536 48,298 53,062 45,112 51,985 63,548
Underground 475 482 n/a n/a n/a n/a
Tons Milled/Processed
(000):
Oxide 1,581 1,436 n/a n/a n/a n/a
Refractory 2,607 2,444 n/a n/a 11,763 14,424
Leach 5,740 5,018 36,216 31,435 n/a n/a
Average Ore Grade
(oz/ton):
Oxide 0.103 0.113 n/a n/a n/a n/a
Refractory 0.184 0.217 n/a n/a 0.016 0.014
Leach 0.021 0.034 0.028 0.029 n/a n/a
Average Mill Recovery
Rate:
Oxide 73.7% 79.3% n/a n/a n/a n/a
Refractory 88.2% 91.6% n/a n/a 80.6% 80.6%
Ounces Produced (000):
Oxide 95.0 130.9 n/a n/a n/a n/a
Refractory 440.8 488.0 n/a n/a 156.9 172.7
Leach 80.2 84.7 1,064.4 847.3 n/a n/a
Total 616.0 703.6 1,064.4 847.3 156.9 172.7
Ounces Sold (000): 651.9 702.7 1,062.9 849.1 180.9 178.9
Equity Ounces Produced
(000): 570.2 669.1 546.6 435.1 82.9 91.3
Equity Ounces Sold (000) 606.2 668.2 545.8 436.0 95.7 94.6
Production Costs Per
Ounce:
Direct mining and
production costs $336 $258 $148 $133 $150 $144
Capitalized mining and
other (4) 5 (8) (6) (1) (18)
Royalties and
production taxes 7 6 3 3 10 8
Reclamation and mine
closure costs 1 2 2 2 2 1
Costs applicable to
sales 340 271 145 132 161 135
Depreciation and
amortization 49 44 53 55 47 44
Total production costs $389 $315 $198 $187 $208 $179
GOLD PRODUCTION - OPERATIONS (CONTINUED)
Yanacocha, Batu Hijau,
Year ended Nevada Peru Indonesia
December 31, 2005 2004 2005 2004 2005 2004
Tons Mined (000 dry
short tons):
Open-Pit 193,565 192,821 218,933 193,407 225,838 235,455
Underground 1,727 1,683 n/a n/a n/a n/a
Tons
Milled/Processed
(000):
Oxide 5,645 4,626 n/a n/a n/a n/a
Refractory 9,877 8,985 n/a n/a 50,210 54,243
Leach 21,660 17,356 146,645 133,514 n/a n/a
Average Ore Grade
(oz/ton):
Oxide 0.108 0.125 n/a n/a n/a n/a
Refractory 0.183 0.199 n/a n/a 0.018 0.016
Leach 0.024 0.029 0.028 0.025 n/a n/a
Average Mill
Recovery Rate:
Oxide 75.1% 79.1% n/a n/a n/a n/a
Refractory 89.6% 90.8% n/a n/a 80.7% 80.9%
Ounces Produced
(000):
Oxide 405.2 461.2 n/a n/a n/a n/a
Refractory 1,671.3 1,666.7 n/a n/a 731.8 718.8
Leach 357.1 332.5 3,333.1 3,017.3 n/a n/a
Total 2,433.6 2,460.4 3,333.1 3,017.3 731.8 718.8
Ounces Sold (000): 2,444.1 2,538.0 3,327.5 3,039.9 720.5 715.2
Equity Ounces
Produced (000): 2,276.7 2,338.5 1,711.5 1,549.4 386.9 398.5
Equity Ounces
Sold (000) 2,287.2 2,416.0 1,708.7 1,561.0 381.0 396.3
Production Costs Per
Ounce:
Direct mining and
production costs $346 $297 $150 $144 $146 $110
Capitalized
mining and other (23) (22) (8) (6) (5) 9
Royalties and
production taxes 8 5 3 2 9 8
Reclamation and
mine closure
costs 2 2 2 2 2 1
Costs applicable
to sales 333 282 147 142 152 128
Depreciation and
amortization 51 50 62 65 47 39
Total production
costs $384 $332 $209 $207 $199 $167
GOLD PRODUCTION - AUSTRALIA/NEW ZEALAND
Pajingo Jundee Tanami
Three months ended December 31, 2005 2004 2005 2004 2005 2004
Tons Mined (000 dry short tons) 147 181 2,124 662 504 492
Tons Milled/Processed (000) 159 208 661 624 773 1,157
Average Ore Grade (oz/ton) 0.342 0.343 0.157 0.155 0.146 0.142
Average Mill Recovery Rate 96.5% 96.3% 92.5% 93.4% 94.6% 95.6%
Ounces Produced (000) 50.9 69.5 92.2 88.5 107.3 156.3
Ounces Sold (000) 51.0 69.4 92.9 88.3 108.2 152.2
Equity Ounces Produced (000) 50.9 69.5 92.2 88.5 107.3 156.3
Equity Ounces Sold (000) 51.0 69.4 92.9 88.3 108.2 152.2
Production Costs Per Ounce:
Direct mining and production
costs $245 $226 $261 $250 $309 $301
Capitalized mining and other (6) (5) (1) (1) 3 27
Royalties and production
taxes 18 12 12 10 28 22
Reclamation and mine closure
costs 2 1 4 3 4 2
Costs applicable to sales 259 234 276 262 344 352
Depreciation and amortization 127 137 83 59 77 58
Total production costs $386 $371 $359 $321 $421 $410
Kalgoorlie Martha
Three months ended December 31, 2005 2004 2005 2004
Tons Mined (000 dry short tons) 11,772 11,431 534 518
Tons Milled/Processed (000) 1,768 1,870 318 349
Average Ore Grade (oz/ton) 0.057 0.069 0.129 0.121
Average Mill Recovery Rate 81.7% 85.7% 93.6% 91.0%
Ounces Produced (000) 109.5 124.2 34.6 39.3
Ounces Sold (000) 109.4 123.1 35.5 40.2
Equity Ounces Produced (000) 109.5 124.2 34.6 39.3
Equity Ounces Sold (000) 109.4 123.1 35.5 40.2
Production Costs Per Ounce:
Direct mining and production costs $453 $295 $256 $269
Capitalized mining and other (82) (9) (55) (69)
Royalties and production taxes 7 11 -- --
Reclamation and mine closure costs 3 3 3 3
Costs applicable to sales 381 300 204 203
Depreciation and amortization 49 36 96 93
Total production costs $430 $336 $300 $296
Pajingo Yandal(1) Tanami
Year ended December 31, 2005 2004 2005 2004 2005 2004
Tons Mined (000 dry
short tons) 629 652 14,307 6,982 2,049 11,654
Tons Milled/Processed (000) 659 809 2,562 2,821 4,081 4,525
Average Ore Grade (oz/ton) 0.303 0.300 0.145 0.133 0.125 0.149
Average Mill Recovery Rate 96.6% 96.5% 92.2% 92.9% 94.8% 95.3%
Ounces Produced (000) 193.0 241.1 341.6 354.7 487.5 640.0
Ounces Sold (000) 192.0 251.4 341.8 379.3 493.7 658.0
Equity Ounces Produced (000) 193.0 241.1 341.6 354.7 487.5 640.0
Equity Ounces Sold (000) 192.0 251.4 341.8 379.3 493.7 658.0
Production Costs Per Ounce:
Direct mining and
production costs $289 $227 $315 $266 $301 $245
Capitalized mining and
other (5) (3) 5 -- 3 24
Royalties and production
taxes 15 11 11 9 20 24
Reclamation and mine
closure costs 2 1 4 4 4 2
Costs applicable to sales 301 236 335 279 328 295
Depreciation and
amortization 130 125 80 71 67 58
Total production costs $431 $361 $415 $350 $395 $353
Kalgoorlie Martha
Year ended December 31, 2005 2004 2005 2004
Tons Mined (000 dry short tons) 45,603 45,459 2,125 4,142
Tons Milled/Processed (000) 7,314 7,142 1,277 1,405
Average Ore Grade (oz/ton) 0.067 0.072 0.140 0.102
Average Mill Recovery Rate 85.6% 86.7% 93.0% 90.4%
Ounces Produced (000) 409.4 453.2 163.5 129.7
Ounces Sold (000) 409.6 468.4 163.4 130.5
Equity Ounces Produced (000) 409.4 453.2 163.5 129.7
Equity Ounces Sold (000) 409.6 468.4 163.4 130.5
Production Costs Per Ounce:
Direct mining and production costs $363 $279 $229 $292
Capitalized mining and other (25) 8 (55) (80)
Royalties and production taxes 11 10 -- --
Reclamation and mine closure costs 3 4 3 3
Costs applicable to sales 352 301 177 215
Depreciation and amortization 42 35 97 106
Total production costs $394 $336 $274 $321
(1) 2005 includes Jundee. 2004 includes Jundee and Bronzewing.
GOLD PRODUCTION - OTHER
Golden Giant, La Herradura,
Canada Mexico
Three months ended December 31, 2005 2004 2005 2004
Tons Mined (000 dry short tons) 172 135 3,038 3,049
Tons Milled/Processed (000):
Leach n/a n/a 717 1,038
Mill 176 138 n/a n/a
Average Ore Grade (oz/ton) 0.309 0.295 0.031 0.025
Average Mill Recovery Rate 95.2% 95.6% n/a n/a
Ounces Produced (000) 45.9 41.7 19.0 17.4
Ounces Sold (000) 46.0 41.6 19.0 17.4
Equity Ounces Produced (000) 45.9 41.7 19.0 17.4
Equity Ounces Sold (000) 46.0 41.6 19.0 17.4
Production Costs Per Ounce:
Direct mining and production costs $271 $301 $263 $140
Capitalized mining and other 2 2 (42) (23)
Royalties and production taxes 1 3 -- --
Reclamation and mine closure costs 3 2 2 1
Costs applicable to sales 277 308 223 118
Depreciation and amortization 54 53 80 65
Total production costs $331 $361 $303 $183
Kori Kollo, Zarafshan,
Bolivia Uzbekistan
Three months ended December 31, 2005 2004 2005 2004
Tons Mined (000 dry short tons) 5,305 n/a n/a n/a
Tons Milled/Processed (000):
Leach 4,391 n/a 2,007 1,965
Mill n/a n/a n/a n/a
Average Ore Grade (oz/ton) 0.014 n/a 0.035 0.037
Average Mill Recovery Rate n/a n/a n/a n/a
Ounces Produced (000) 46.6 5.7 30.5 38.9
Ounces Sold (000) 49.4 5.6 29.6 39.2
Equity Ounces Produced (000) 41.0 5.0 30.5 38.9
Equity Ounces Sold (000) 43.5 4.9 29.6 39.2
Production Costs Per Ounce:
Direct mining and production costs $120 $224 $220 $153
Capitalized mining and other (5) (22) 4 4
Royalties and production taxes 23 18 -- --
Reclamation and mine closure costs 7 47 2 2
Costs applicable to sales 145 267 226 159
Depreciation and amortization 47 60 86 55
Total production costs $192 $327 $312 $214
Golden Giant, La Herradura, Kori Kollo,
Canada Mexico Bolivia
Year ended December 31, 2005 2004 2005 2004 2005 2004
Tons Mined (000 dry short
tons) 576 515 13,181 11,557 14,055 n/a
Tons Milled/Processed (000):
Leach n/a n/a 3,510 4,149 12,712 n/a
Mill 581 519 n/a n/a n/a n/a
Average Ore Grade (oz/ton) 0.298 0.309 0.029 0.026 0.013 n/a
Average Mill Recovery Rate 95.7% 95.2% n/a n/a n/a n/a
Ounces Produced (000) 161.8 160.0 80.2 68.8 97.4 25.2
Ounces Sold (000) 162.0 160.0 80.2 68.8 94.5 24.6
Equity Ounces Produced (000) 161.8 160.0 80.2 68.8 85.7 25.2
Equity Ounces Sold (000) 162.0 160.0 80.2 68.8 83.2 21.7
Production Costs Per Ounce:
Direct mining and
production costs $291 $291 $212 $154 $140 $255
Capitalized mining and
other 1 2 (30) (8) (8) 83
Royalties and production
taxes 1 3 -- -- 21 17
Reclamation and mine
closure costs 3 2 2 1 14 43
Costs applicable to sales 296 298 184 147 167 398
Depreciation and
amortization 67 71 63 73 40 93
Total production costs $363 $369 $247 $220 $207 $491
Minahasa, Zarafshan, Ovacik,
Indonesia Uzbekistan Turkey
Year ended December 31, 2005 2004 2005 2004 2005 2004
Tons Mined (000 dry short tons) n/a n/a n/a n/a n/a 4,659
Tons Milled/Processed (000):
Leach n/a n/a 7,676 7,894 n/a n/a
Mill n/a 441 n/a n/a n/a 331
Average Ore Grade (oz/ton) n/a 0.158 0.035 0.042 n/a 0.320
Average Mill Recovery Rate n/a 90.5% n/a n/a n/a 95.4%
Ounces Produced (000) -- 63.8 124.0 205.0 -- 104.8
Ounces Sold (000) -- 74.7 122.7 210.1 -- 110.0
Equity Ounces Produced (000) -- 59.9 124.0 205.0 -- 104.8
Equity Ounces Sold (000) -- 70.2 122.7 210.1 -- 110.0
Production Costs Per Ounce:
Direct mining and production
costs n/a $249 $214 $150 n/a $202
Capitalized mining and other n/a 5 2 2 n/a (11)
Royalties and production taxes n/a 8 -- -- n/a 14
Reclamation and mine closure
costs n/a 4 2 2 n/a 3
Costs applicable to sales n/a 266 218 154 n/a 208
Depreciation and amortization n/a 32 76 49 n/a 143
Total production costs n/a $298 $294 $203 n/a $351
COPPER PRODUCTION - BATU HIJAU
Three months ended Year ended
December 31, December 31,
Batu Hijau, Indonesia 2005 2004 2005 2004
Total tons mined (000) 51,985 63,548 225,838 235,455
Dry tons processed (000) 11,763 14,424 50,210 54,243
Average copper grade 0.61% 0.67% 0.69% 0.75%
Average recovery rate 85.0% 84.7% 86.7% 87.8%
Copper produced (000 lbs) 120,790 170,919 596,006 716,939
Copper sold (000 lbs) 128,691 164,255 572,749 683,279
Equity copper produced (000 lbs) 63,868 90,373 315,138 397,510
Equity copper sold (000 lbs) 68,045 86,850 302,841 378,801
Production Costs Per Pound:
Direct mining and production costs $0.52 $0.47 $0.47 $0.36
Capitalized mining and other 0.04 (0.02) 0.04 0.06
Royalties and production taxes 0.03 0.03 0.02 0.03
Reclamation and mine closure costs 0.01 -- -- --
Costs applicable to sales 0.60 0.48 0.53 0.45
Depreciation and amortization 0.16 0.15 0.15 0.13
Total production costs $0.76 $0.63 $0.68 $0.58
Smelting, refining and freight costs
(in millions) $48 $31 $161 $121
GOLD HEDGE POSITION - AS OF DECEMBER 31, 2005
CURRENT MATURITY SUMMARY(1)(3) (000 ounces)
Gold Put Option Price Capped
Contracts Contracts
Years Ozs Price(2) Ozs Price(2)
2006 100 $338 -- --
2007 20 $397 -- --
2008 -- -- 1,000 $384
2009 -- -- 600 $381
2010 -- -- -- --
2011 -- -- 250 $392
Total/Average 120 $348 1,850 $384
Notes:
(1) For more detailed descriptions, definitions and explanations, refer to
the Company's Annual Report on Form 10-K for the year ended December
31, 2005.
(2) Prices quoted are gross contract prices, which represent the gross
cash flow per ounce of each contract. Not included in these prices are
the additional cash outflows associated with borrowing gold over the
life of the contract where the contracts are floating in nature. The
rate at which gold is borrowed is determined over the life of the
contract based on the prevailing market gold lease rate for the time
period that the borrowing is fixed. The borrowing can be fixed for
varying periods over the life of the contract.
(3) In addition to the gold hedge positions shown in the table above, the
Company entered into a prepaid forward gold sales contract in July
1999, which is reflected as debt on the Company's consolidated balance
sheets. Under the prepaid forward gold sales contract, the Company
delivered its first of three annual installments of 161,111 ounces of
gold in June 2005. For more detailed descriptions, definitions and
explanations, refer to the Company's Annual Report on Form 10-K for
the year ended December 31, 2005.
The Company's fourth quarter earnings conference call and web cast presentation will be held on February 27, 2006 beginning at 4:00 p.m. Eastern Time (2:00 p.m. Mountain Time). To participate:
Dial-In Number: 210-234-0000
Leader: Randy Engel
Password: Newmont
The conference call will also be simultaneously carried on our web site at http://www.newmont.com/ under Investor Information/Presentations and will be archived there for a limited time.
Cautionary Statement
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, (i) estimates of future gold and copper production and sales; (ii) estimates of future costs applicable to sales; (iii) estimates of future capital expenditures, royalty and dividend income, tax rates and expenses; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements regarding future exploration results and the replacement of reserves; and (vi) statements regarding cost structure and competitive position. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which we operate, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company's 2004 Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
END FIRST AND FINAL ADD
First Call Analyst:
FCMN Contact: Seth.Foreman@Newmont.com
DATASOURCE: Newmont Mining Corporation
CONTACT: Investors, Randy Engel, +1-303-837-6033,
, or John Gaensbauer, +1-303-837-5153,
, or Jennifer Van Dinter, +1-303-837-5165,
, or Media, Deb Witmer, +1-303-837-5308,
, or Heatheryn Higgins, +1-303-837-5248,
, or Maureen Upton, +1-303-837-5281,
, all of Newmont Mining Corporation
Web site: http://www.newmont.com/