SMM12, 10th: SMM Newmont Mining expects its share of gold production to reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, and copper production to reach 45000 tons in these two years. The full sustained cost of gold will reach $935 an ounce by 2019 and $975 an ounce by 2020. Copper's AISC will reach $2.45 a pound next year and $2.55 a pound by 2020. In the long run, attributed gold production will be between 4.4 million and 4.9 million ounces by 2023, AISC will be between $875 and $975 an ounce, and copper production will increase to 45000 to 65000 tons by 2023, mainly due to higher Boddington production in Western Australia.

In addition, Newmont has invested in advancing its long-term projects, including the Cripple Creek and Victor and Saddle Underground projects in North America, the Golden Mile Underground Mine Project in Australia and the Apensu Underground Mine Project in Africa.

The company estimates that the combined capital will reach $1.07 billion in 2019 and $730 million in 2020. Of this total, the development capital will reach US $390 million in 2019 and US $70 million in 2020.

Newmont shares traded at $32. 67 a share at a news conference in New York.

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