Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) announced that later today the Company intends to temporarily suspend operations at the Peñasquito mine in Mexico pending resolution of an illegal blockade by a trucking contractor and some members of the Cedros community that began on March 27, 2019.
The Company remains committed to good-faith dialogue with blockade leaders and continues working with Mexican authorities to resolve the situation in a safe, fair and timely manner.
A comprehensive contingency plan is in place to enable the safe and orderly resumption of operations once the illegal blockade is lifted.
The Peñasquito mine produced 272,000 ounces of gold in 2018 and operates according to national and international standards for safety, environmental stewardship and social responsibility.
About Newmont Goldcorp
Newmont Goldcorp 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 Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain"forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including applicable laws provisions of Canadian securities legislation. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially. Forward -looking statements in this news release may include, without limitation, statements relating expectations with respect to the duration of the blockage and suspension of operations at the Peñasquito mine, and future resolution of the matter and resumption of operations. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. For a more discussion of risks and other factors that might impact future looking statements, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 under the heading “Risk Factors” filed with the U.S. Securities and Exchange Commission (the “SEC”) and the Company’s recent SEC filings, available on the SEC website or www.newmontgoldcorp.com, as well as the Company’s most recent annual information form and other filings made with Canadian securities regulatory authorities and available on SEDAR or the Company’s website. The Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.