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'[Newmont understands] there is always opportunity for improvement'

Newmont (NYSE: NEM) says it was honoured as the gold major was ranked the top mining company in Newsweek’s inaugural list of America’s Most Responsible Companies for 2020.
'[Newmont understands] there is always opportunity for improvement' '[Newmont understands] there is always opportunity for improvement' '[Newmont understands] there is always opportunity for improvement' '[Newmont understands] there is always opportunity for improvement' '[Newmont understands] there is always opportunity for improvement'

Newmont Goldcorp’s Cripple Creek & Victor mine in Colorado

Staff reporter

The company, which became Newmont Goldcorp in April after the miners' merger, started referring to itself as Newmont this month.

It said of the 300 businesses selected for the list, it placed 39th overall with a score of 79.6 out of 100.

The result put Newmont ahead of other companies including Alcoa on 76.3, Freeport-McMoRan on 70.9 and Albemarle with 61.7. Technology hardware company HP topped the list with a score of 94.4.

"Robust financial performance and effective risk management require strong, transparent governance and the integration of sustainability into all aspects of our business," Newmont president and CEO Tom Palmer said.

"Although we are honoured by this recognition, we understand there is always opportunity for improvement, and we will continue driving our sustainability performance to higher levels."

Newsweek said the analysis was carried out in a four-phase process, with a pool of over 2,000 companies screened by different criteria.

It included an independent survey of 6,500 US citizens about their perception of companies' activities related to corporate social responsibility and used research based on publicly available key performance indicators, derived from sources including annual reports.

Newmont enters its centenary year in 2020 and has put next year's guidance at 6.7 million ounces in attributable gold production.

Its shares have risen from a 52-week low of US$29.768 in May to $41.23 in August and last traded at $39.80, capitalising it at $32.6 billion.