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He was appointed to his current position in May 2016 and since then Newmont generated over US$2 billion in free cash flow and commissioned two mines and four expansions, all ahead of schedule and within or below budget.
"Project optimisation work under Tom's leadership has also positioned Newmont's robust project pipeline as among the best in the gold sector through capital discipline and a focus on returns," the company said.
Prior to becoming COO in 2016, Palmer led Newmont's business in the Asia Pacific region, and before that he held a number of leadership roles in the mining industry during his 25-year career, including at Rio Tinto's bauxite and aluminium, coal, copper, iron ore, and technology businesses.
