Newmont Overview
- Year Founded
-
1916
- Status
-
Public
- Employees
-
21,700
- Stock Symbol
-
NEM
- Investments
-
71
- Share Price
-
$53.20
- (As of Thursday Closing)
Newmont General Information
Description
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
Contact Information
Website
www.newmont.comCorporate Office
- 6900 East Layton Avenue
- Suite 700
- Denver, CO 80237
- United States
Corporate Office
- 6900 East Layton Avenue
- Suite 700
- Denver, CO 80237
- United States
Newmont Timeline
Newmont Stock Performance
(As of Thursday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $53.20 | $54.00 | $29.42 - $56.30 | $61B | 1.15B | 7.69M | -$2.12 |
Newmont Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 55,575,980 | 50,760,636 | 39,959,468 | 51,479,938 |
| Revenue | 14,875,000 | 11,812,000 | 11,915,000 | 12,222,000 |
| EBITDA | 1,184,000 | 172,000 | 2,283,000 | 3,687,000 |
| Net Income | (1,977,000) | (2,494,000) | (429,000) | 1,166,000 |
| Total Assets | 55,678,000 | 55,506,000 | 38,482,000 | 40,564,000 |
| Total Debt | 9,225,000 | 9,436,000 | 6,132,000 | 6,302,000 |
Newmont Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Newmont Comparisons
Industry
Financing
Details
Newmont Competitors (26)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Alamos Gold | Corporation | Toronto, Canada | ||||
| B2Gold | Corporation | Vancouver, Canada | ||||
| Kinross Gold | Corporate Backed or Acquired | Toronto, Canada | ||||
| McEwen Mining | Corporation | Toronto, Canada | ||||
| Hecla Mining | Corporation | Coeur d'Alene, ID |
Newmont Patents
Newmont Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| AU-9330601-A | Method and apparatus for chemical processing | Pending | 29-Sep-2000 | ||
| US-6428301-B1 | Lens molding apparatus and lens molding tool | Inactive | 17-Dec-1997 | ||
| EP-0712445-A1 | Hydrometallurgical process for the recovery of precious metal values from precious metal ores with thiosulfate lixiviant | Inactive | 28-Jul-1993 | ||
| EP-0712445-A4 | Hydrometallurgical process for the recovery of precious metal values from precious metal ores with thiosulfate lixiviant | Inactive | 28-Jul-1993 | ||
| US-5332559-A | Hydrometallurgy | Inactive | 10-Jul-1991 | C22B3/18 |
Newmont Executive Team (47)
| Name | Title | Board Seat |
|---|---|---|
| Thomas Palmer | President, Chief Executive Officer & Board Member | |
| Karyn Ovelmen | Chief Financial Officer, Finance & Executive Vice President | |
| Natascha Viljoen | Chief Operating Officer, Operations & Executive Vice President | |
| Dean Gehring | Executive Vice President & Chief Development Officer | |
| Francois Hardy | Chief Technology Officer |
Newmont Board Members (22)
| Name | Representing | Role | Since |
|---|---|---|---|
| Self | Board Member | ||
| Self | Board Member | ||
| Self | Board Member & Vice Chairman | ||
| Self | Board Member | ||
| Self | Board Member |
Newmont Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Newmont Investments & Acquisitions (71)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| XYZ Mining | 30-Aug-2024 | Gold Mining | |||
| McLaren Resources (Augdome Gold Property in Timmins, Canada) | 27-Aug-2024 | Buildings and Property | |||
| Newcrest Mining | 06-Nov-2023 | Gold Mining | |||
| Bauloora | 05-Apr-2023 | Gold Mining | |||
| Newcrest Mining | 05-Feb-2023 | Merger/Acquisition | Gold Mining |
Newmont Subsidiaries (6)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Cripple Creek & Victor Gold Mining | Gold Mining | Victor, CO | 1976 |
| Newcrest Mining | Gold Mining | Melbourne, Australia | |
| Galore Creek Mining | Precious Metals and Minerals Mining | Vancouver, Canada | |
| Newmont (Northumberland Project) | Buildings and Property | NV | |
| Newmont ( 5 Gold Mines in North America and Australia) | Buildings and Property |
Newmont ESG
Risk Overview
Risk Rating
Updated May, 31, 2024
21.39 | Med Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Precious Metals
Industry
of 118
Rank
Percentile
Gold
Subindustry
of 90
Rank
Percentile
Newmont Exits (22)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| The Eleonore South Property | 12-Sep-2022 | Completed |
|
||
| QuestEx Gold & Copper | 16-Apr-2021 | Completed |
|
||
| MARA Project | 17-Dec-2020 | Completed |
|
||
| TMAC Resources | 03-Oct-2018 | Completed |
|
||
| TMAC Resources | 09-Nov-2017 | Public Investment 2nd Offering | Completed |
|
Newmont FAQs
-
When was Newmont founded?
Newmont was founded in 1916.
-
Who is the CEO of Newmont?
Thomas Palmer is the CEO of Newmont.
-
Where is Newmont headquartered?
Newmont is headquartered in Denver, CO.
-
What is the size of Newmont?
Newmont has 21,700 total employees.
-
What industry is Newmont in?
Newmont’s primary industry is Gold Mining.
-
Is Newmont a private or public company?
Newmont is a Public company.
-
What is Newmont’s stock symbol?
The ticker symbol for Newmont is NEM.
-
What is the current stock price of Newmont?
As of 03-Oct-2024 the stock price of Newmont is $53.20.
-
What is the current market cap of Newmont?
The current market capitalization of Newmont is $61B.
-
What is Newmont’s current revenue?
The trailing twelve month revenue for Newmont is $14.9B.
-
Who are Newmont’s competitors?
Alamos Gold, B2Gold, Kinross Gold, McEwen Mining, and Hecla Mining are some of the 26 competitors of Newmont.
-
What is Newmont’s annual earnings per share (EPS)?
Newmont’s EPS for 12 months was -$2.12.
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