Marian Mine In Suriname Reports Productivity Improvements 

DENVER, CO - Newmont Goldcorp reported that South America production is expected to be 650,000 ounces in 2019 as productivity improvements at Merian offset the transition to harder ore. Production is expected to decrease to 560,000 ounces in 2020 and 450,000 ounces in 2021 as the Tapado Oeste pit and Yanacocha laybacks are mined out and Merian transitions from saprolite to hard rock. The Company continues to advance near-mine growth opportunities at Merian and both oxide and sulfide potential at Yanacocha.

Yanacocha is South America's largest gold mine, located in the province and department of Cajamarca, approximately 800 kilometers northeast of Lima, Peru. Yanacocha’s operations are situated between 3,500 and 4,100 meters above sea level with development activities in four primary basins. The operation is a joint venture between Newmont (51.35%), Minas Buenaventura (43.65%) and the International Finance Corporation (5%).

The Merian gold mine is located approximately 60 km south of Moengo, Suriname.

Newmont Suriname (previously known as Suriname Gold Company) is a fully-owned subsidiary of Newmont that is operated on behalf of Suriname Gold Project CV, a Suriname limited partnership. 

Construction of Merian commenced in August 2014, and commercial production was achieved on October 1, 2016, on schedule and US$150 million under budget.

The company’s address is 6363 South Fiddler’s Green Circle, Suite 800, Greenwood Village, CO 80111, (303) 863-7414, www.newmont.com.