8-K/AEarnings & Results

NEWMONT Corp /DE/ 8-K/A Report, Financial Results (Jul 30, 2014)

Filed July 30, 2014For Securities:NEMNEMCL

Summary

This filing is an amendment to a previous 8-K report, specifically addressing an error in Newmont Mining Corporation's disclosed financial results and operational outlook for the second quarter of 2014. The primary correction pertains to the total attributable copper production outlook for the full year 2014. While site-level production estimates for the Batu Hijau mine were correctly revised downwards, this reduction was not accurately reflected in the consolidated total outlook. Investors should note that the previously reported 2014 total attributable copper production outlook range of 90 to 100 thousand tonnes has been revised to a lower range of 55 to 80 thousand tonnes. All other financial results and outlooks previously disclosed in the July 29, 2014, news release remain as reported. The company reiterates its cautionary statement regarding forward-looking statements, highlighting the inherent risks and uncertainties in the mining industry that could affect actual results.

Key Highlights

  • 1Amendment to previously filed 8-K dated July 29, 2014, correcting an error.
  • 2Correction specifically targets the total attributable copper production outlook for 2014.
  • 3The Batu Hijau mine's site-level copper production estimate was correctly reduced, but this was not reflected in the consolidated total.
  • 4Revised 2014 total attributable copper production outlook is now 55 to 80 thousand tonnes (previously 90 to 100 thousand tonnes).
  • 5All other financial results and outlooks for Q2 2014 remain unchanged from the original report.
  • 6The filing includes a cautionary statement about forward-looking statements and associated risks.

Frequently Asked Questions

This filing is an amendment to a previous 8-K report to correct an error in Newmont's disclosed total attributable copper production outlook for 2014. The error was that a reduction in production estimates at the Batu Hijau mine was not properly incorporated into the company's overall outlook.

The total attributable copper production outlook for 2014 has been revised downwards. The previously reported range was 90 to 100 thousand tonnes, and it has now been corrected to 55 to 80 thousand tonnes.

No, according to this amendment, all other financial results and outlooks that were reported in the original news release and the July 29, 2014, 8-K filing remain as originally stated. Only the total attributable copper production outlook for 2014 has been corrected.

The cautionary statement reminds investors that forward-looking statements, including production estimates, are subject to significant risks and uncertainties. These include factors like metal price volatility, currency fluctuations, production costs, ore grade variations, and operational or political risks. Actual results could materially differ from these projections.