{"id":1114772,"date":"2019-05-07T13:00:45","date_gmt":"2019-05-07T13:00:45","guid":{"rendered":"http:\/\/www.mining.com\/?p=986020"},"modified":"2019-05-07T13:00:45","modified_gmt":"2019-05-07T13:00:45","slug":"newmont-goldcorp-to-account-for-7-1-of-global-gold-output-this-year","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1114772","title":{"rendered":"Newmont Goldcorp to account for 7.1% of global gold output this year"},"content":{"rendered":"

Newmont Goldcorp Corporation\u00a0(NYSE: NEM)(TSX: NGT), the world\u2019s largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal this year, or 7.1% of the total global output, data and analytics firm GlobalData says.<\/p>\n

In comparison, main rival Barrick Gold\u2019s (TSX:ABX)(NYSE:GOLD) output for 2019 is estimated in only 5.6 million ounces, while Kinross Gold (NYSE: KGC) (TSX:K) should produce 2.8 million ounces, the firm notes.<\/p>\n

The new gold giant, created after the recent merger of Newmont Mining and Goldcorp<\/a>, is also expected to the sale between $1 billion and $1.5 billion of assets over the next two years. Until then, most of the company\u2019s operations will be in the Americas (72%), with Canada and the US, collectively accounting for 67.5% of the total assets, followed by Australia (18%), Peru (6%), and Argentina (3.6%), according to GlobalData estimates.<\/p>\n

\"Newmont<\/p>\n

Source: GlobalData, Mining Intelligence Centre.<\/em><\/p>\n<\/div>\n

Newmont Goldcorp\u2019s total production will come from 29 mines currently in operations, while the company advances another 15 projects.<\/p>\n

Barrick Gold, in turn, holds 21 operating gold mines and Kinross has 13, according to the analytics company.<\/p>\n

The post Newmont Goldcorp to account for 7.1% of global gold output this year<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The world’s largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal in 2019.<\/p>\n

The post Newmont Goldcorp to account for 7.1% of global gold output this year<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[421,514,404,369,2467,428],"tags":[9,15,18,25,48,71],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1114772"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1114772"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1114772\/revisions"}],"predecessor-version":[{"id":1114910,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1114772\/revisions\/1114910"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1114772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1114772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1114772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}