CEO SPOTLIGHT : GARY GOLDBERG , NEWMONT MINING
Q : What are the top initiatives being worked on under your leadership ? What plans are being made for the future ? A : Our top priority is to continue delivering our strategy , which is to improve the underlying business , strengthen the portfolio and create value for shareholders . Specific initiatives include our Full Potential program – a structured approach to improving costs and efficiency at our operations – which has netted about $ 1 billion dollars in cash flow improvements since it was launched in 2012 . We ’ re also working to build the next generation of Newmont mines – Merian and Long Canyon – on time and on budget , and the next generation of Newmont leaders . Our development and succession programs are geared to maintain a robust and diverse talent pipeline , and our engagement and inclusion programs are designed to help us attract and retain the best and brightest .
Q : What do you believe separates Newmont from its competitors ? How does your leadership play a role in this ? A : My job is to bring the right people , resources and focus to the business
– and our people are our primary source of competitive advantage . They deliver industry-leading safety and sustainability performance , and have some of the strongest technical capabilities , including mine planning , resource modeling , processing and exploration . Our people have also built one of the best growth pipelines in the gold sector . We ’ ve been able to differentiate Newmont based on these accomplishments , and by delivering sector leading total shareholder returns .
Q : What trends do you see in the mining industry , either right now or on the horizon ? A : The only thing that ’ s constant is change . Our ability to manage change – from economic slowdowns and price volatility to Ebola outbreaks and social activism – will continue to be critical . Closer to home , I see gold fundamentals strengthening on the back of declining mine supply and rising consumer and central bank demand for gold . While that will certainly be a welcome change , we ’ re not counting on it and will continue to run our business to thrive in all cycles .
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