Newmont Corporation (NEM) CEO Tom Palmer on Q2 2022 Results - Earnings Call Transcript

Newmont Corporation (NYSE:NEM) Q2 2022 Results Conference Call July 25, 2022 10:00 AM ET

Company Participants

Tom Palmer - President and Chief Executive Officer

Rob Atkinson - Executive Vice President and Chief Operating Officer

Nancy Buese - Executive Vice President and Chief Financial Officer

Daniel Horton - Vice President, Finance and Treasurer

Conference Call Participants

Lawson Winder - Bank of America

Fahad Tariq - Credit Suisse

Josh Wolfson - RBC Capital Markets

Tanya Jakusconek - Scotiabank

Anita Soni - CIBC

Brian MacArthur - Raymond James

Greg Barnes - TD Securities

Adam Josephson - KeyBanc

Mike Parkin - National Bank

Bob Brackett - Bernstein

John Tumazos - Very Independent Research

Operator

Good morning, and welcome to Newmont’s Second Quarter 2022 Earnings 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. Tom, please go ahead.

Tom Palmer

Thank you, Operator. Good morning, and thank you all for joining Newmont’s second quarter 2022 earnings call. Today, I'm joined by Rob Atkinson and Nancy Buese, along with other members of our executive team. And we will 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.

Newmont delivered a solid second quarter as we continue to differentiate ourselves through our leading portfolio of assets and projects, our proven integrated operating model, and our balanced and disciplined approach to capital allocation. And most importantly, our values driven commitment to our purpose of creating value and improving lives through sustainable and responsible mining. Underpinned by these key differentiators and guided by our clear and consistent strategy, Newmont remain well positioned to safely manage through the evolving and unprecedented challenges that our industry and the world at large face.

During the second quarter, Newmont produced 1.5 million ounces of gold, an increase of over 150,000 ounces from the first quarter and as expected. In addition, we produced more than 330,000 gold equivalent ounces from copper, silver, lead and zinc, bringing us to well over 1.8 million gold equivalent ounces for the quarter from our balanced global portfolio.