Newmont Mining Corporation reported preliminary production and sales results for the fourth quarter and full year of 2013. For the quarter, the company achieved attributable gold production of 1.5 million ounces against 1.3 million ounces last year. Attributable copper production was 38 million pounds against 35 million pounds last year.

For the quarter, attributable gold sales were 1.5 million ounces against 1.2 million ounces last year. Attributable copper sales were 45 million pounds against 42 million pounds last year.

For the full year, attributable gold production was 5.1 million ounces against 5 million ounces last year. Attributable copper production was 144 million pounds against 143 million pounds last year. The company delivered strong performance across all its operations in 2013, achieving a step-change in productivity at Tanami and Waihi; recovering early year production shortfalls in Nevada; and commissioning the Akyem and Phoenix Copper Leach operations on time and on budget.

For the year, attributable gold sales were 5.1 million ounces against 4.9 million ounces last year. Attributable copper sales were 148 million pounds against 145 million pounds last year.

The company announced its 2014 outlook, and is projecting stable gold production, increased copper production, and continued capital and overhead reductions this year. Newmont expanded its 2014 outlook for production, costs and capital expenditures to include greater visibility into its Nevada and Other Australia/New Zealand operations. Additionally, the 2014 outlook is presented on a consolidated basis and with greater detail on all-in sustaining costs at the regional level for gold and on a total company basis for copper. Newmont expects consolidated 2014 gold and copper production to be approximately 5.0 to 5.3 million ounces and 160,000 tonnes to 175,000 tonnes, respectively, at CAS of approximately $740 per ounce to $790 per ounce and $2.00 per pound to $2.25 per pound.

The company currently expects to invest approximately $1.3 billion to $1.4 billion in consolidated capital in 2014. Approximately 90% of this is allocated to sustaining capital. Projects that create value, lower cost and extend mine life, such as the Turf Vent Shaft in Nevada, will be prioritized, in keeping with the strategy to strengthen the portfolio. The company expects interest expense in the range of $350 million to $375 million, tax rate in the range of 34% to 37% and DD&A in the range of $1,050 million to $1,125 million.