Newmont Publishes Inaugural Taxes and Royalties Contribution Report
August 23 2022 - 7:30AM
Business Wire
Today, Newmont Corporation (NYSE: NEM, TSX: NGT) published its
inaugural Taxes and Royalties Contribution Report (the report),
continuing the Company’s commitment to transparency by detailing
the significant contributions made to host communities and
governments.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220822005732/en/
Newmont Corporation's Taxes and Royalties
Contribution Report:
https://s24.q4cdn.com/382246808/files/doc_downloads/2022/sustainability/newmont-2021-tax-report.pdf
(Graphic: Business Wire)
In addition to detailing the contributions to host communities
and governments, with this report Newmont also seeks to
transparently disclose its tax governance, strategy and planning
methodology in one central document.
“We believe that transparency is a prerequisite for building
credibility and trust with stakeholders,” said Newmont’s President
and CEO Tom Palmer. “We recognize that we have a responsibility to
generate shared value from the minerals we extract by contributing
our due part through taxes and royalties, job creation and economic
development within host communities and countries in which we do
business.”
Newmont aims to deliver shared value for the Company, our
shareholders, as well as our employees, host communities and
countries through our operations and activities including our tax
and royalty payments. In 2021, Newmont’s direct economic
contributions across our operations totaled $10.8 billion and
included:
- $3.6 billion in operating costs,
- $1.3 billion in employee wages and benefits,
- $1.4 billion in capital spend,
- $2.6 billion in payments to providers of capital,
- $1.9 billion in taxes, royalties and other disbursements to
governments, and
- $21.9 million in community investments.
To learn more about Newmont’s suite of environmental, social and
governance (ESG) reporting, including our annual Sustainability
Report, Climate Report, Climate and Sustainability Summary and
Economic Impact Reports, visit Newmont’s Sustainability Reporting
page.
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.
At Newmont, our purpose is to create value and improve lives
through sustainable and responsible mining. To learn more about
Newmont’s sustainability strategy and initiatives, go to
www.newmont.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220822005732/en/
Media Contact Courtney Boone
303.837.5159 courtney.boone@newmont.com Investor Contact Daniel Horton 303.837.5468
daniel.horton@newmont.com
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