Investor Presentaiton
Case Study - Merian
Newmont.
Newmont retained GMS to build the Merian Project (Phase 1 and 2) located in Suriname.
Start of Mandate - September 2014
Engineering management
Project mining/engineering
Supply chain and logistics
Start of Commercial Production
Construction management
Project administration
Project optimization
Phase 1 - October 2016
Approved Budget = $915 MM
Merian
=
Actual Cost $737 MM
Cost Savings = $178 MM
Time savings = 1 month
LTIFR(1) = 0.02
Phase 2 - August 2018
Approved Budget = $82 MM
Actual Cost = $70 MM
Cost Savings = $12 MM
Delivered on Time
LTIFR(1) = 0.00
Guayana
Brazil
(1) LTIFR = Lost Time Injury Frequency Rate per 200,000 hours.
(2) Sourced from public disclosures and shown on a consolidated production basis. Attributable production to Newmont is 75%.
Project delivered
under budget
Project delivered
2021 Guidance(2):
on schedule
Gold Production | 425,000 ounces
AISCI $855 per ounce
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