Newmont Corp

Company Profile

• Business 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

  6900 E Layton Avenue
  Suite 700
  Denver CO 80237
  USA

  T: +1 303 863-7414

  E: Jessica.Largent@Newmont.com

  https://www.newmont.com

• Sector

  Basic Materials

  Stock type

  Cyclical

• Industry

  Gold

  Fiscal Year End

  31 December 2024

  Employees

  21,700