Newmont Corporation (NEM) Q4 2022 Earnings Call Transcript

Newmont Corporation (NYSE:NEM) Q4 2022 Results Conference Call February 23, 2023 10:00 AM ET

Company Participants

Tom Palmer - President and CEO

Rob Atkinson - EVP and COO

Brian Tabolt - Interim CFO

Conference Call Participants

Emily Chieng - Goldman Sachs

Jackie Przybylowski - BMO Capital Markets

Carey MacRury - Canaccord Genuity

Anita Soni - CIBC World Markets

Cleve Rueckert - UBS

Fahad Tariq - Credit Suisse

Lawson Winder - Bank of America

Tanya Jakusconek - Scotiabank

Greg Barnes - TD Securities

Operator

Good morning, and welcome to Newmont’s Fourth Quarter Results and 2023 Guidance Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.

I would now like to turn the conference over to Tom Palmer, President and Chief Executive Officer. Please go ahead.

Tom Palmer

Thank you, operator. Good morning, and thank you all for joining Newmont’s fourth quarter results and 2023 guidance call.

Today, I’m joined by Rob Atkinson and Brian Tabolt, our Interim CFO along with other members of our executive team. And we will all be available to answer questions at the end of the call.

Before I begin, please note our cautionary statement and refer to our SEC filings, which can be found on our website.

We have quite a bit to cover this morning. So, I wanted to give you an overview of the topics we’ll be sharing. First, I’ll cover the highlights for ‘22 and our strong finish to the year. Then I’ll pass to Brian to take us through the financials. Next, Rob will walk us through our operational results for the fourth quarter and give a preview of what to expect this year from each of our operations and our two key projects. I’ll then summarize our 2023 and longer term outlook, along with our capital allocation strategy, and the expectations for our 2023 dividend. And finally, I’ll wrap up with some comments on our proposed combination with Newcrest.

So, with that, let’s get started with our 2022 highlights.

Newmont finished the year with a strong fourth quarter, leveraging our scale, our teams and our unmatched portfolio of world class assets to deliver industry-leading ESG, operational and financial results. We are well positioned to continue leading the sector, whilst remaining firmly grounded in our values and driven by our purpose to create value and improve lives through sustainable responsible mining.