Finance > Capital-markets

Newmont Mining admiration continues

Fortune magazine has named Newmont Mining (US:NEM) as one of the world’s most admired companies, building on the gold miner’s already solid reputation in the investment community.

Staff reporter

Finance > Capital-markets

Newmont Mining admiration continues

Fortune magazine has named Newmont Mining (US:NEM) as one of the world’s most admired companies, building on the gold miner’s already solid reputation in the investment community.

Staff reporter

Newmont Mining admiration continues

Newmont president and CEO Gary Goldberg (right) was recently inducted into the American Mining Hall of Fame

Newmont Mining

The annual survey, which is compiled from the opinions of 3,900 executives, directors and securities analysts, gave the company strong scores in the areas of quality management, social responsibility, long-term investment, people management and innovation, Newmont said.

CEO Gary Goldberg was, unsurprisingly, pleased with the vote of confidence.

"This is a great honour, and one that speaks to the calibre of our team, and to our position as a good investment, a good place to work, and a good partner for our host governments and communities," he said.

In addition to gaining the Fortune accolades, Newmont was again recently named a constituent of the FTSE4 Good Index Series, which is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices. It received a rating of 95 out of 100 for its ESG efforts as part of this.

The gold miner currently has operations in Ghana, Australia, the US, Peru and Suriname, and is due to report attributable production of 5-5.4 million ounces at an all-in sustaining cost of US$900-950 per ounce in 2017.

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