Tom Palmer
President and CEO at Newmont
From these five transactions, we have now received more than $2,500,000,000 in after tax cash proceeds this year. And when you combine these proceeds with those from the sale of Telfa and our other investments last year, we have generated a total of $3,200,000,000 in after tax cash proceeds. And on top of that, when valued at today's prices, we now have nearly $1,200,000,000 in both equity and deferred consideration. This is a significant milestone for Newmont, as the completion of this divestment program over the last year has enabled us to sharpen our focus on safely improving the performance of our go forward portfolio of 11 managed operations and three projects in execution to further strengthen our balance sheet with $1,500,000,000 in debt retired over the last twelve months, including $1,000,000,000 repaid since the start of this year and to deliver on our third priority, capital returns. But we have now completed approximately $2,000,000,000 in share repurchases from our $3,000,000,000 program, including $755,000,000 so far this year.