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Contributing to Stronger Communities Through Social and Economic Contributions

November 25, 2021

Newmont works to leave a positive legacy wherever we operate and one way we do this is though long-term economic contributions. We measure these by reporting annually on the economic opportunities we provide to support host communities. These reports use a quantitative approach to estimate the economic benefits supported by Newmont’s mining activities – our economic impacts are estimated using Input–Output (IO) modeling, which includes internal Newmont-specific and publicly available macro-economic data. We transparently report on the job opportunities we support, the taxes we pay locally and our overall contributions.

We recently released our 2020 economic impact reports, which revealed that across our operating regions, Newmont contributed:

  • 180,000 total jobs*
  • $4.3 billion of value added
  • $1.5 billion in taxes and royalties paid to regional governments

Below provides a snapshot of the economic contributions of our 12 operating mines in the eight countries where we operate. To learn more about how we are advancing our purpose in all of our operational regions, you can find the full reports here.

*Includes Newmont, Newmont’s suppliers/contractors and induced. Induced refers to employment resulting from the re-spending of salaries by Newmont and suppliers.