Experienced Newmont Leader Appointed at Peñasquito
August 25 2020 - 6:00PM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or The
Company) announced today that Bernard Wessels has been appointed
General Manager of the Peñasquito mine, replacing Jim Cooper. Jim
Cooper’s employment with Newmont has been terminated with immediate
effect for violations of Newmont’s Code of Conduct while working
for the Company in Australia.
Bernard Wessels brings a long and successful track record of
operational delivery to Peñasquito having managed Newmont’s Ahafo
mine in Ghana since 2017. During his time at Ahafo, Bernard
delivered the Ahafo Mill Expansion project on budget and is
advancing the improved mining method at Subika Underground which
will increase production, capture higher efficiencies and lower
costs. Bernard delivered improved safety performance, consistently
strong operational performance and significantly improved
productivities across the site. Prior to joining Newmont, Bernard
managed complex gold and platinum mines across South Africa,
balancing difficult technical and community challenges at each
operation.
“Despite the challenging circumstances caused by Covid-19, the
team on the ground in Mexico has continued to deliver solid
operational performance at Peñasquito and has been recognized for
its industry leading approach in managing through the pandemic,”
said Tom Palmer, President and Chief Executive Officer. “Bernard is
a capable leader who brings a proven track record of delivery at
large, complex operations and will continue a culture of continuous
improvement to drive efficiencies and improve performance at this
world-class operation.”
Since acquiring Peñasquito, Newmont has delivered steady
operational improvements and reset the vital relationship with
local communities. As previously announced, the Cedros General
Assembly recently ratified the definitive agreement reached in
April to resolve all outstanding disputes between Peñasquito and
the San Juan de Cedros community. The agreement expressly states
that any future disputes will be resolved through dialogue and free
of blockades.
Peñasquito is a world-class asset with over 8 million ounces of
gold Reserves, approximately 26 million ounces in gold equivalent
ounce Reserves, and significant exploration potential in this
prospective district which may allow the Company to extend value
delivery for decades to come.
About Newmont
Newmont is the world’s leading gold company and a producer of
copper, silver, zinc and lead. The Company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in North America, South America, Australia and
Africa. Newmont is the only gold producer listed in the S&P 500
Index and is widely recognized for its principled environmental,
social and governance practices. The Company is an industry leader
in value creation, supported by robust safety standards, superior
execution and technical expertise. Newmont was founded in 1921 and
has been publicly traded since 1925.
Cautionary Statement
This news release may contain “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, which are intended to be covered by the safe harbor
created by such sections and other applicable laws. Where a
forward-looking statement 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, such 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
the forward-looking statements. Forward-looking statements include
our expectations of future financial and operating results,
anticipated improvements, value realization, exploration potential
and prospects, and expectations regarding future community and
stakeholder relations and conflict resolution. For a discussion of
risk and other factors that might impact future looking statements,
see the Company’s Annual Report on Form 10-K for the year ended
December 31, 2019 filed with the U.S. Securities and Exchange
Commission (the “SEC”), under the heading “Risk Factors”, as well
as in the Company’s subsequent Quarterly Reports on Form 10-Q,
available on the SEC website or www.newmont.com. The Company does
not undertake any obligation to release publicly revisions to any
“forward-looking statement,” including, without limitation,
outlook, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200825005921/en/
Media Contact Eric Colby
303-837-5724 eric.colby@newmont.com
Investor Contact Jessica Largent
303-837-5484 jessica.largent@newmont.com
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