US-based gold major Newmont has met its 2022 guidance, producing six-million gold ounces at an all-in sustaining cost of $1 211/oz – a performance that it expects to repeat this year with a steady guidance of 5.7-million to 6.3-million ounces.
Adjusted net income for the year fell to $1.5-billion, or $1.85 a share, from $2.4-billion, or $2.96 a share, in the prior year.
Adjusted earnings before interest, taxes, depreciation and amortisation decreased by 24% to $4.6-billion.
“As we look ahead to 2023 and beyond, we expect to steadily increase production and improve costs from our balanced, global portfolio of world-class assets and robust project pipeline,” said president and CEO Tom Palmer.