3/23/2020, 8:49 AM (Source: TeleTrader)
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Chart for: Newmont Corp

Newmont withdraws 2020 guidance due to pandemic

Newmont Corp., the world's largest gold mining company, announced on Monday it was withdrawing its guidance for 2020 and deterring some of its production to 2021 because of the coronavirus.

In addition, the company said it implemented "heightened levels of health screening" and that its support services were conducted remotely.

"Our business continuity plans and rapid response teams have been fully mobilized in response to the COVID-19 global pandemic," Tom Palmer, the company's chief executive and president, said. "We are also making sure that these short-term disruptions do not impact long-term business value while ensuring we are well-positioned to safely and efficiently ramp-up operations in a timely manner once the worst of this global pandemic passes."

Breaking the News / MD