NEWMONT Corp /DE/ Annual Report, Year Ended Dec 31, 2004

Newmont Mining Corporation's 2004 10-K report highlights a strong financial year, driven by significant gold and copper production. The company solidified its position as the world's largest gold producer, with substantial reserves and operations across North America, South America, Indonesia, and Australia/New Zealand. Revenues increased to $4.52 billion in 2004, though net income applicable to common shares saw a slight decrease to $434.5 million compared to the previous year. The company also reported substantial investments in exploration and development, adding to its proven and probable reserves. Key strategic moves in 2004 included the continued integration of acquisitions from 2002 (Franco-Nevada and Normandy Mining), a public offering that raised approximately $1.0 billion, and a focus on managing its global asset portfolio. Newmont's operations benefit from a diversified geographic base, with a majority of its gold sales originating from stable jurisdictions like the U.S., Australia, and Canada. The company also provided detailed information on its copper production, environmental compliance, and ongoing exploration efforts, which are crucial for future reserve replacement and growth.