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2022: Gold production cut to 5.96 million ounces
Newmont, the world's largest gold miner, produced 5.96 million ounces of gold in 2022, slightly less than the previous year's result, when 5.97 million ounces of the precious metal were mined. Such data are provided in the financial report published on February 23, 2023.
It is said that at the end of 2022, Newmont's revenue amounted to $11.9 billion, which approximately corresponds to the result for 2021. At the same time, the company showed net losses of $459 million, while in 2021 it received net profit of $1.11 billion.
In 2022, Newmont produced 1.3 million ounces (gold equivalent) of other metals such as copper, silver, lead and zinc. The company reported 96.1 million ounces of gold mineral reserves, up 3.6% from 2021 (92.8 million ounces). In addition, Newmont has significant reserves of other metals - copper, silver, lead, zinc and molybdenum - of 68 million ounces in gold equivalent. In particular, it is said about almost 600 million ounces of silver reserves (the figure is indicated without translation into the gold equivalent).
 | Our global network of operations and projects will ensure stable production over at least the next decade, which will maintain industry leadership with approximately 6 million ounces of gold per year. With the support of the most extensive exploration program, our team is actively forming a profitable and sustainable production structure for the next few decades, says Newmont. |  |
The average cumulative cash cost (AISC) of producing an ounce of gold in 2022 was $1,211. This is 14% more than in the previous year, when the AISC was $1,062. The average sale price of gold was fixed at $1792 against $1788 in 2021.
History
2023:70% acquisition of Newcrest Mining
On February 5, 2023, the world's largest gold miner, the American Newmont, made an offer to buy the Australian rival Newcrest Mining. The deal will amount to approximately $17 billion, making it one of the largest in the gold mining industry. More here.
Notes
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