Newmont Mining said this week in a securities filing that it is conducting an investigation relating to certain business activities of the company, its affiliates, and contractors in countries outside the United States.
The gold mining company added that the investigation includes a review of compliance with the U.S. Foreign Corrupt Practices Act and other applicable laws and regulations. Newmont said it’s currently working with the Securities and Exchange Commission and Department of Justice with respect to the investigation.
In March, Newmont said it entered into a one-year agreement with the SEC tolling the statute of limitations relating to the investigation. Additionally, the company more recently entered into a similar tolling agreement with the Justice Department.
As Compliance Week has previously reported, a tolling agreement between prosecutors and an individual under criminal investigation waives the criminal statute of limitations. Deciding whether to agree to one depends on the situation.
“As of the filing of these financial statements, we cannot predict the outcome of these matters,” Newmont said. “Accordingly, no provision with respect to these matters has been made in our consolidated financial statements.”