Newmont Q4 results due in Feb27 Jan 2019 18:46
Just came across something very interesting from Newmont Q3 results and Analysts Q&A (25 Oct 2018).
Below is just a brief transcript of Newmont CFO Nancy & Deutsche analyst.
Chris Terry -- Deutsche Bank -- Analyst
Okay. Okay. Thanks, Tom. My last one is just for Nancy terms of the cash balance still above 3 billion. Can you just give us an update there on the ability to reduce the cash. Right. So, no, I know there is obviously some restrictions in South America, et cetera, but maybe you can just talk through where you see that trending over time.
Nancy Buese -- Executive Vice President and Chief Financial Officer
Sure. We think about our cash balance as a real benefit and a differentiator for the company. And as we continue to generate free cash flow, we will use those dollars, both generative and what's on the balance sheet, to fund our business going forward. That will mean investment in the business through CapEx. We've enhanced our exploration dollar spend this year, and we're also providing more cash back to shareholders in the form of the share buyback to cover dilution and enhanced dividends.
So, all of those kinds of things will allow us to continue to invest in our business and also give us a lot of flexibility for opportunistic M&A , all things like CC&V done in a lower gold price environment. So, we want to continue to have those levers.
The other piece as of today, we have that flexibility to payback our notes that come due in both '19 and '22. And we'll use some of the cash proceeds for those repayments, but another lever we can pull. So, we enjoy that cash to have ultimate financial flexibility for the company as we pave the way for the next few decades.
Chris Terry -- Deutsche Bank -- Analyst
Okay. Thanks for the color. Yeah. I mean, I was referring specifically to the size of the cash balances, obviously it's quite a large number for the company just in terms of looking at the net debt, I guess, overall. I was more meaning around the South American and the restrictions on getting some of the cash out and some of the -- the more details around the specifics on the cash balance.
Nancy Buese -- Executive Vice President and Chief Financial Officer
Oh, sure. Yeah, we have cash in jurisdictions, where we want to continue to invest in our business. So, for example, in South America, as you think about the capital requirements coming up over the next few years for projects like sulfides and some other projects, we want to maintain cash balances in countries. So, we don't have any restrictions today in terms of repatriating cash to the US, but have chosen very purposefully to keep the cash in certain jurisdiction. So, we are comfortable with that balance, and we are comfortable with the complement of the countries in which it's allocated today.
Chris Terry -- Deutsche Bank -- Analyst
Okay. Thanks. Thanks, Nancy. That's all from me. Thanks.
Gary Goldberg -- President and Chief Executive Officer
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