Newmont CEO Sees Higher Costs Lingering Through 2022

The video discusses cyclical cost pressures in the mining industry, particularly in labor, oil, and fuel, and how these are managed within the context of gold pricing. It explores the temporary nature of these pressures due to the pandemic and the company's commitment to ESG and renewable energy. The discussion also covers gold's role as an inflation hedge, the Yanacocha sulfide project in Peru, and strategies for managing taxes and government relations.

What percentage of the mining company's costs is attributed to labor?

• 50%

• 30%

• 90%

• 70%

How does the company plan to manage cost pressures in the context of ESG commitments?

• By reducing labor costs

• By increasing fossil fuel usage

• By investing in renewable energy

• By cutting down on mining operations

What is the company's strategy for dealing with short-term cost pressures while investing in sustainability?

• Cutting workforce

• Entering long-term power contracts

• Reducing production

• Increasing gold prices

What is the current gold price level mentioned in the discussion?

• $1800

• $1200

• $2000

• $1500

What is the potential impact of Bitcoin and other assets on gold's role as an inflation hedge?

• They have no impact

• They enhance gold's role

• They replace gold entirely

• They diminish gold's role

What is the estimated investment for the Yanacocha sulfide project in Peru?

• $2 billion

• $1 billion

• $4 billion

• $3 billion

How does the company approach government relations in the countries it operates?

• By frequently changing jurisdictions

• By engaging in long-term relationships

• By avoiding tax payments

• By ignoring local regulations