Newmont President and Chief Executive Officier Robert T. O’Brien on Sustainable Gold Mining
Newmont President and CEO Robert T. O’Brien - Company Photo
In 2007, we began to redirect the company and our business strategy. We established a new management team and implemented initiatives that will enable us to dedicate ourselves to Newmont’s core gold business, to expand our growth and exploration opportunities and to unlock the value embedded in our capital structure, as well as reduce operating costs.
Key highlights during the year included:
• Producing 5.3 million equity ounces of gold, in line with our original guidance and expectations;
• Investing significantly in our business, including more than $1 billion in new gold projects and operating efficiency initiatives;
• Eliminating our gold hedge book, which positioned Newmont as the premier un-hedged gold company, and improved our financial strength and flexibility;
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