Newmont provides five-year outlook, initiates $1bn share buyback

The world’s largest gold miner Newmont Goldcorp, is forecasting steady gold production of 6.5-million to 7-million ounces of attributable gold production and 1.2-million to 1.4-million gold-equivalent ounces of copper, silver, lead and zinc production for the next five years.

In its five-year outlook, the company announced a 2020 gold production guidance of 6.7-million ounces at an all-in sustaining cost (AISC) of $975/oz.