Why Newmont Mining Is Comfortably Placed To Service Maturing Debt Over The Next Four Years

September 6th, 2016 by Trefis Team
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Newmont Mining

Newmont Mining repaid the outstanding balance on a term loan due in 2019 last month. With the repayment of this term loan, the company has lowered its outstanding debt by $915 million year-to-date. [1] As a result of a combination of a recovery in gold prices (standing 8% higher year-to-date as compared to the average for 2015) and the company’s proactive steps to lower its outstanding debt, Newmont is comfortably placed to pay off debt maturing over the next four years using its cash flows, as illustrated by the table shown below.

NEM Debt Repayment

Check out our realized price outlook for Newmont’s gold mining operations, which will drive the company’s robust cash flows in the years to come.

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Have more questions about Newmont Mining? See the links below.

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Newmont Mining

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Notes:
  1. Newmont Pays Remaining Balance on Term Loan Maturing in 2019, Newmont Mining News Release [↩]