Newmont reports lower quarterly gold production

Photo: Newmont

Denver-based miner Newmont has released its results for the first quarter of this year, indicating the U.S. company lowered its gold production between January and March 2022 com-pared with the same period a year earlier.

In the first quarter of 2022, Newmont produced 1.34 million oz of gold, down from 1.46 million in the same period of 2021.

“Newmont delivered a solid first quarter performance with $1.4 billion in adjusted EBITDA as we safely managed through the Omicron surge. The strength of our proven operating model and global portfo-lio in the world's best mining jurisdictions is the foundation of New-mont's clear and consistent strategy to create value and improve lives through sustainable and responsible mining,” said Tom Palmer, the president and CEO of the U.S. business, as quoted in the statement.