Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has announced the promotion of Natascha Viljoen to the position of President and Chief Operating Officer. Viljoen, who has been serving as the Executive Vice President and Chief Operating Officer since 2023, will continue to report directly to Chief Executive Officer Tom Palmer.
Under Viljoen's leadership, Newmont Corporation has seen a significant improvement in its operational metrics. For instance, the company reported a 10% decrease in all-in sustaining costs (AISC) per ounce of gold produced compared to the previous period. This reduction is particularly notable given the industry-wide challenges posed by rising energy and labor costs.
Moreover, Newmont's productivity metrics have shown substantial improvement, with a 15% increase in ounces of gold produced compared to the same period last year. This increase reflects the company's commitment to operational excellence and efficient resource utilization.
Viljoen's promotion comes at a strategic juncture for the company, following the completion of the rationalization of its portfolio after the Newcrest acquisition. As Newmont seeks to enhance its cost efficiency and productivity, Viljoen's extensive experience and leadership qualities are expected to play a pivotal role in driving value for shareholders.
Prior to joining Newmont, Viljoen served as the Chief Executive Officer of Anglo American Platinum, where she demonstrated her expertise in leading the world's largest primary producer of platinum. With a background in metallurgical engineering and an executive MBA, Viljoen brings a unique blend of technical acumen and strategic vision to her new role at Newmont.
In her statement, Viljoen expressed her enthusiasm for the opportunity to lead as President and Chief Operating Officer, emphasizing her commitment to ensuring that all stakeholders, including teams, host communities, partners, customers, and shareholders, benefit from Newmont's world-class portfolio.
Newmont Corporation, the world's leading gold company and a producer of copper, zinc, lead, and silver, operates in favorable mining jurisdictions across the globe. The company's commitment to sustainable and responsible mining practices has been widely recognized, with a focus on principled environmental, social, and governance standards.
As Newmont continues to pursue its purpose of creating value and improving lives through sustainable mining, the promotion of Natascha Viljoen to the role of President and Chief Operating Officer signals a new chapter in the company's leadership and operational excellence. As a result of these announcements, the company's shares have moved 0.1% on the market, and are now trading at a price of $51.53. If you want to know more, read the company's complete 8-K report here.
