Home > Company Performance > Newmont Corporation
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. Newmont is proud to be consistently ranked as one of the most transparent companies in the S&P 500 and as the mining industry co-leader in the Dow Jones Sustainability Index for the seventh consecutive year. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont was founded in 1921 and has been publicly traded since 1925.
Newmont has actively operating mines in Argentina, Australia, Canada, Dominican Republic, Ghana, Mexico, Peru, Suriname and the US, and a robust exploration and project pipeline further strengthens our global portfolio. With over 100-year of operations, our purpose is to create value and improve lives through sustainable and responsible mining. Our strategy is to lead the gold sector in creating value for shareholders and other stakeholders by delivering superior operational execution; sustaining a global portfolio of long-life assets, and leading in profitability and responsibility.
Our values of Safety, Integrity, Sustainability, Inclusion, and Responsibility reflect our commitment to act responsibly as individuals and as a business. We are powered by a core belief that our people are as important as the assets we operate. We are committed to the responsible management of resources such as land, air quality, water and biodiversity, as well as putting the health and safety of our people first.
Newmont and TSM
Newmont’s three Canadian operating sites, as well as the North America Regional Office in Vancouver actively participate in TSM. Our Canadian operating sites include Musselwhite and Porcupine in Ontario, as well as Éléonore in Quebec.
In 2022, PricewaterhouseCooper was contracted to perform external verification of the TSM submissions for the Porcupine and Musselwhite operations. Éléonore completed a self-assessment for the year of 2022. Newmont will be participating in TSM Post-Verification Reviews for 2022 taking place in 2023.
Newmont had strong results across all seven TSM protocols in 2022. Areas of strength included Bio Diversity and Conservation Management where all sites maintain a AAA status for all indicators and Water Stewardship where all sites maintain a AA status or higher. Providing value and benefit to the host-communities we operate within is central for Newmont and we continue to score well in the area of Indigenous and Community Relationships. Tailings management and our responsibilities around long-term risk is a top priority for Newmont and we were proud to score AAA ratings for all Tailings Management indicators at the Porcupine operation, where there has been mining activity for over 100 years.
Newmont strives to continually improve its TSM performance. We are pleased to have improved our Crisis Management and Communications Planning protocols over the past several years with all indicators now being sufficiently met. The TSM Climate Change indicators are an area of improvement, partially due to the challenges of operating rural and remote mines. However, Newmont is proud to be demonstrating its commitment to electrification with a recent ground-breaking $100m investment into a partnership with Caterpillar to develop and deliver a fully connected, automated, zero carbon emitting, end-to-end mining system.
Facility | Crisis management and communications preparedness | Review | Training |
---|---|---|---|
Newmont – Corporate Office | ✔ | ✔ | ✔ |
Musselwhite | ✔ | ✔ | ✔ |
Porcupine | ✔ | ✔ | ✔ |
Éléonore | ✔ | ✔ | ✔ |
Facility | PREVENTING FORCED LABOUR | PREVENTING CHILD LABOUR |
---|---|---|
Musselwhite | ✔ | ✕ |
Porcupine | ✔ | ✕ |
Éléonore | ✔ | ✔ |
Commitments and accountability | Planning and implementation | Training, behaviour and culture | Monitoring and reporting | Performance | |
---|---|---|---|---|---|
Musselwhite | |||||
Porcupine | |||||
Éléonore |
AAA
AA
A
B
C
Tailings management policy and commitment | Tailings management system | Assigned accountability and responsibility | Annual tailings management review | Operation, maintenance and surveillance (OMS) manual | |
---|---|---|---|---|---|
Musselwhite | |||||
Porcupine | |||||
Éléonore |
AAA
AA
A
B
C
Commitment, accountability and communications | Conservation planning and implementation | Reporting | |
---|---|---|---|
Musselwhite | |||
Porcupine | |||
Éléonore |
AAA
AA
A
B
C
Water governance | Operational water management | Watershed-scale planning | Water reporting and performance | |
---|---|---|---|---|
Musselwhite | ||||
Porcupine | ||||
Éléonore |
AAA
AA
A
B
C
Community of Interest Identification | Effective Community of Interest Engagement and Dialogue | Effective Indigenous Engagement and Dialogue | Community Impact and Benefit Management | Community of Interest Response Mechanism | |
---|---|---|---|---|---|
Musselwhite | |||||
Porcupine | |||||
Éléonore |
AAA
AA
A
B
C
International Initiatives | ||
---|---|---|
Industry Sustainability Initiatives | ICMM Sustainable Development Framework |
✔ |
WGC Conflict Free Gold Standard |
✔ | |
ISO 14001 - EMS Standard |
✔ | |
Management System Standards | OHSAS 18001 |
|
UN Global Compact |
✔ | |
International Voluntary Initiatives | Extractive Industries Transparency Initiative |
✔ |
Voluntary Principles on Security and Human Rights |
✔ | |
OECD Guidelines for Multinational Enterprises |
||
AA 1000 |
||
Reporting, Disclosure and Transparency Standards | Global Reporting Initiative |
✔ |
CDP |
✔ | |
Water Disclosure Project |
||
Carbon Pricing Leadership Coalition |
||
IFC Social and Environmental Performance Standards |
||
Financing Standards | Dow Jones Sustainability Index |
✔ |
Listed on Socially Responsible Investing Indices | Jantzi Social Index |
|
Responsible Jewellery |
||
Industry Sustainability Initiatives | International Cyanide Code |
✔ |
Kimberley Process |
Newmont Corporation | 2022 | TSM Letter of Assurance
Newmont Corporation | 2022 | TSM Letter of Assurance
Newmont Corporation | 2020 | TSM Letter of Assurance
Newmont Corporation | 2018 | TSM Letter of Assurance
Newmont Corporation | 2017 | TSM Letter of Assurance
Newmont Corporation | Porcupine | 2022 | Verification Summary Report
Newmont Corporation | Musselwhite | 2022 | Verification Summary Report
TSM Results 2022 (Externally Verified)
TSM Results 2018 (Externally Verified)
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