Newmont Mining Corp. has appointed experienced mining executive Dean Gehring to lead the company’s South America business beginning on June 1, 2017. Gehring is succeeding Trent Tempel who is retiring after 33 years of distinguished service to Newmont.
“Dean is an experienced business and operations leader with a 25-year track record of delivering step-change improvements in safety, productivity, project execution, and sustainability,” said Tom Palmer, executive vice president and chief operating officer. “I look forward to Dean enhancing our South America region’s performance and prospects for future development by continuing to execute our strategy to improve the underlying business, strengthen the portfolio and create value for shareholders and other stakeholders.”
Gehring joins Newmont having most recently served as head of safety and security for Rio Tinto’s world-wide operations. Prior to this role, he was president and chief executive officer of Rio Tinto Minerals where he improved the business unit’s safety performance, increased free cash flow and maintained financial margins in a declining market. During his tenure with Rio Tinto, Gehring also served as vice president of operations for Rio Tinto Minerals, in addition to roles as general manager of operations and projects with Boron Operations in California, project development at Ivanhoe-Oyu Tolgoi in Mongolia and resource development at Kennecott Copper in Utah. He also held managerial roles in engineering, projects and mining operations with PT Freeport Indonesia, BHP-Billiton, Hecla Mining and Magma Copper.
Newmont operates South America’s largest gold mine, Yanacocha, along with the Merian gold mine in Suriname. Merian achieved commercial production in October 2016 – on time and $150 million below budget – and is anticipated to deliver more than a decade of profitable production. South America accounts for approximately eight percent of Newmont’s attributable gold production (not including anticipated production from Merian in 2017) and the region contains approximately nine percent of the company’s gold reserves. Newmont continues progressing evaluation of the Quecher Main project at Yanacocha, which would extend oxide production through 2025 and provide a bridge to potential sulfide development.