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Newmont Corporation (NYSE: NEM) |
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Price: $41.7350
$0.63 
1.520%
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| Day's High:
| $42.0198
| Week Perf:
| 0.4 %
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| Day's Low: |
$ 41.61 |
30 Day Perf: |
-7.58 % |
| Volume (M): |
1,024 |
52 Wk High: |
$ 58.72 |
| Volume (M$): |
$ 42,947 |
52 Wk Avg: |
$42.93 |
| Open: |
$41.02 |
52 Wk Low: |
$29.42 |
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| Market Capitalization (Millions $) |
47,954 |
| Shares
Outstanding (Millions) |
1,149 |
| Employees |
21,700 |
| Revenues (TTM) (Millions $) |
16,987 |
| Net Income (TTM) (Millions $) |
-1,188 |
| Cash Flow (TTM) (Millions $) |
-214 |
| Capital Exp. (TTM) (Millions $) |
3,447 |
Newmont Corporation
Newmont Corporation Overview
Company Profile:
Newmont Corporation is the world's largest gold producer and has a diverse portfolio of mining operations and assets across five continents, including North America, South America, Australia, Asia, and Europe. The firm is not only involved in gold production but also engages in the mining of other minerals, such as silver, copper, and zinc. Newmonts operations are concentrated in politically and economically stable jurisdictions, including the United States, Australia, and Canada, from which it derives more than 65% of its equity gold production.
Key Operations and Assets:
Newmont has significant mining operations in the following countries:
- United States: Key properties include the Carlin, Phoenix, and Twin Creeks mines in Nevada, as well as several other projects across the country.
- Australia: Major sites include the Boddington and Tanami mines.
- South America: In Peru, notable operations involve the Yanacocha mining complex.
- Asia: Newmont operates in Indonesia and has properties in Uzbekistan, Turkey, and other regions.
Recent Developments:
- To streamline its operations and enhance efficiencies, Newmont has focused on the integration of its acquired assets, including those from its notable acquisitions in the early 2000s, such as Franco-Nevada Mining Corporation and Normandy Mining Limited.
- Newmont has also taken strategic steps to assess its asset base, divesting from less profitable operations and concentrating on core assets that offer higher margins.
Acquisitions:
Historically, Newmont has expanded its portfolio through several key acquisitions:
- Franco-Nevada Mining Corporation (2002): Acquired as part of a strategy to enhance its gold assets.
- Normandy Mining Limited (2002): Acquired through a successful takeover bid, allowing Newmont to gain significant resources in Australia.
- Battle Mountain Gold Company (2001): This acquisition was accounted for as a pooling of interests, integrating its financials seamlessly.
Operational Strategy:
Newmont primarily operates in the gold production sector but also maintains a Base Metals Segment, a Merchant Banking Segment, and an Exploration Segment. The companys operational philosophy emphasizes a largely unhedged approach to gold sales, focusing on selling gold at market prices to capitalize on favorable market conditions.
Hedging Strategies:
- Newmont has historically limited its gold hedging activities to manage price risk, maintaining an exposure philosophy where it largely avoids extensive hedging. The Board of Directors has authorized a hedging limit of up to 16 million ounces, with Newmont primarily using derivatives to manage risks related to commodities, interest rates, and foreign currency fluctuations.
Sustainability and Corporate Responsibility:
Newmont Corporation places a strong emphasis on sustainability and corporate responsibility. This includes commitments to environmental stewardship, social responsibility, and economic development in the communities where it operates. Efforts are directed towards minimizing the ecological impact of mining operations and investing in local communities.
In summary, Newmont Corporation continues to solidify its position as a leading global gold producer while pursuing strategies that prioritize efficiency, sustainability, and community engagement.
Company Address: 6900 E Layton Ave Denver 80237 CO
Company Phone Number: 863-7414 Stock Exchange / Ticker: NYSE NEM
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Customers Net Income fell by |
NEM's Customers Net Profit Margin fell to |
-3.01 % |
8.91 %
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| Stock Performances by Major Competitors |
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| Business Update
Published Fri, Dec 6 2024 1:47 PM UTC
Reshaping the Future: Newmont s Strategic Divestiture and Market Dynamics Amidst Revenue Shifts In a move reflecting strategic foresight and financial acumen, Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has announced an agreement to divest its Cripple Creek & Victor (CC&V) operation in Colorado to SSR Mining Inc. (SSR) for an amount up to $275 million in c...
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| Business Update
Published Wed, Oct 16 2024 6:47 AM UTC
In a significant development for the gold market, Newmont Corporation and MKS PAMP have announced the launch of a traceable gold bar, exclusively sourced from gold mined by Newmont. The bars, refined and minted in Switzerland, are now available through the largest U.S. wholesaler, marking a new chapter in the gold investment landscape.The innovative Mine-to-Market gold bar, ...
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| Business Update
Published Tue, Oct 15 2024 10:36 AM UTC
In a groundbreaking collaboration, Newmont Corporation has teamed up with MKS PAMP to launch a new line of traceable gold bars, setting a new standard for transparency and accessibility in the gold market. The partnership introduces the PAMP 1oz Lady of Liberty gold bar, exclusively crafted from gold mined by Newmont. These bars are refined and minted in Switzerland by MKS P...
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| Business Update
Published Fri, Aug 9 2024 5:10 AM UTC
Perth, Australia - Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM), a global mining giant, has recently announced the successful completion of a 5G wireless network trial at its Cadia mine in New South Wales, Australia. This milestone marks a significant step towards digital transformation in underground mining, aimed at enhancing safety and operational effic...
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| Newmont Corporation
Newmont Corporation: Resilience and Success in the Face of Market Fluctuations
Newmont Corporation, one of the largest gold producers in the world, has been making waves in the market with its impressive resilience and consistent performance. Despite economic uncertainties and challenges faced by the industry, Newmont's share price has outperformed both its competitors and the broader market. Let's take a closer look at the factors behind Newmont's recent success and explore the noteworthy events that have impacted its performance.
One of the notable events that influenced Newmont Corporation's performance was the publication of an article on July 8, 2024, titled Newmont (NEM) Gains 12% in 3 Months: Should You Buy the Stock? The article shed light on the company's robust portfolio of growth projects, solid financial health, healthy growth trajectory, and attractive dividend yield. These factors undoubtedly contributed to investor confidence and subsequent share price appreciation.
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| Per Share |
Current |
| Earnings (TTM) |
-1.53 $ |
| Revenues (TTM) |
14.78 $
|
| Cash Flow (TTM) |
- |
| Cash |
2.66 $
|
| Book Value |
26.02 $
|
| Dividend (TTM) |
1.3 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
-1.53 $
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| Revenues (TTM) |
14.78 $ |
| Cash Flow (TTM) |
- |
| Cash |
2.66 $
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| Book Value |
26.02 $ |
| Dividend (TTM) |
1.3 $ |
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| |
| Brucejack Continuing Operations |
|
 5.47 % |
of total Revenue |
| Red Chris Continuing Operations |
|
2 % |
of total Revenue |
| Red Chris Gold Continuing Operations |
|
0.52 % |
of total Revenue |
| Red Chris Copper Continuing Operations |
|
1.54 % |
of total Revenue |
| Pe asquito Continuing Operations |
|
10.31 % |
of total Revenue |
| Pe asquito Gold Continuing Operations |
|
3.13 % |
of total Revenue |
| Pe asquito Silver Continuing Operations |
|
3.19 % |
of total Revenue |
| Pe asquito Lead Continuing Operations |
|
0.69 % |
of total Revenue |
| Pe asquito Zinc Continuing Operations |
|
3.3 % |
of total Revenue |
| Merian Continuing Operations |
|
3.43 % |
of total Revenue |
| Cerro Negro Continuing Operations |
|
3.26 % |
of total Revenue |
| Yanacocha Continuing Operations |
|
4.78 % |
of total Revenue |
| Boddington Continuing Operations |
|
8.66 % |
of total Revenue |
| Boddington Gold Continuing Operations |
|
7.08 % |
of total Revenue |
| Boddington Copper Continuing Operations |
|
1.59 % |
of total Revenue |
| Tanami Continuing Operations |
|
5.39 % |
of total Revenue |
| Cadia Continuing Operations |
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10.92 % |
of total Revenue |
| Cadia Gold Continuing Operations |
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6.47 % |
of total Revenue |
| Cadia Copper Continuing Operations |
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4.45 % |
of total Revenue |
| Lihir Continuing Operations |
|
6.88 % |
of total Revenue |
| Ahafo Continuing Operations |
|
11.97 % |
of total Revenue |
| NGM Continuing Operations |
|
13.27 % |
of total Revenue |
| CC V Discontinued Operations |
|
2.04 % |
of total Revenue |
| Musselwhite Discontinued Operations |
|
2.69 % |
of total Revenue |
| Porcupine Discontinued Operations |
|
3.74 % |
of total Revenue |
| Eleonore Discontinued Operations |
|
2.8 % |
of total Revenue |
| Telfer Discontinued Operations |
|
0.93 % |
of total Revenue |
| Telfer Gold Discontinued Operations |
|
0.85 % |
of total Revenue |
| Telfer Copper Discontinued Operations |
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0.09 % |
of total Revenue |
| Akyem Discontinued Operations |
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2.48 % |
of total Revenue |
| Corporate and Other Continuing Operations |
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0.02 % |
of total Revenue |
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1.13%