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Newmont has reported a 59% fall in net income of US$1.1 billion for 2021 primarily due to higher reclamation and remediation expense resulting from adjustments related to non-operating Yanacocha sites in Cajamarca, Peri of $1.6 billion, the loss on the pending sale of the Conga mill assets, the sale of Kalgoorlie in Australia in 2020 and higher income tax expense.
Newmont's Yanacocha mine in Cajamarca, Peru
The company produced 5.97 million ounces of attributable gold and 1.3Moz of attributable gold equivalent ounce co-products at an all-in sustaining cost of $1,062 per ounce.
AISC seen rising but finally under some control
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