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Newmont Corporation  (NEM)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $38.5750 $-0.50 -1.267%
Day's High: $40.33 Week Perf: -2.09 %
Day's Low: $ 40.00 30 Day Perf: 9.46 %
Volume (M): 1,660 52 Wk High: $ 50.47
Volume (M$): $ 66,601 52 Wk Avg: $39.41
Open: $39.32 52 Wk Low: $29.42



 Market Capitalization (Millions $) 32,393
 Shares Outstanding (Millions) 840
 Employees 31,000
 Revenues (TTM) (Millions $) 11,812
 Net Income (TTM) (Millions $) -2,467
 Cash Flow (TTM) (Millions $) 156
 Capital Exp. (TTM) (Millions $) 2,666

Newmont Corporation
Newmont Mining Corporation is the world's largest gold producer with significant assets or operations on five continents. We have mining operations in the United States, Australia, Peru, Indonesia, Canada, Uzbekistan, Turkey, Bolivia, New Zealand and Mexico. We obtained more than 65% of our equity gold production from politically and economically stable countries, namely the United States, Australia and Canada. Newmont is also engaged in the production of silver, copper and zinc.

On February 16, 2002, Newmont completed the acquisition of Franco-Nevada Mining Corporation Limited, a Canadian company, pursuant to a Plan of Arrangement. On February 20, 2002, Newmont gained control of Normandy Mining Limited, an Australian company, through an off-market bid for all of the ordinary shares of Normandy. On February 26, 2002, when Newmont's off-market bid for Normandy expired, Newmont had a relevant interest in more than 96% of Normandy's outstanding shares. Newmont exercised compulsory acquisition rights under Australian law to acquire all of the remaining shares of Normandy in April 2002. The results of operations of Normandy and Franco-Nevada have been included in this Annual Report and Newmont's financial statements from February 16, 2002 forward.

In 2001, Newmont completed an acquisition of Battle Mountain Gold Company. The acquisition was accounted for as a pooling of interests and, as such, the financial statements in this report include Battle Mountain's financial data as if Battle Mountain had always been a part of Newmont.

During 2002 and 2003, Newmont continued to review its asset base and operations, with the goal of achieving synergies by consolidating separately-managed assets, combining administrative and exploration staffs, achieving purchasing economies and better utilizing existing processing facilities. We also sold or disposed of lower-margin or non-core operations or interests. Although we will continue to evaluate the potential of achieving additional synergies, the review of our asset base and operations, integration of separately-managed assets and consolidation of administrative and exploration staffs is substantially complete.

Newmont predominantly operates in a single industry, engaged in worldwide gold production, exploration for gold and acquisition of gold properties. Newmont also has a Base Metals Segment, a Merchant Banking Segment and an Exploration Segment.

Hedging Activities

With respect to gold, Newmont's philosophy is to remain largely unhedged. Therefore, Newmont generally sells its gold production at market prices. Historically, Newmont has, on a limited basis, entered into derivative contracts to protect the selling price for certain anticipated gold production and to manage risks associated with commodities, interest rates and foreign currency. The hedging policy authorized by Newmont's Board of Directors limits total gold hedging activity to 16 million ounces. Prior to the acquisitions of Normandy and Franco-Nevada, Newmont utilized forward sales contracts for a portion of the gold production from the Minahasa mine in Indonesia and from the Nevada and Canadian operations. No costs were incurred in connection with these forward sales contracts and there were no margin requirements related to these contracts.



   Company Address: 6900 E Layton Ave Denver 80237 CO
   Company Phone Number: 863-7414   Stock Exchange / Ticker: NYSE NEM
   


Customers Net Income fell by NEM's Customers Net Profit Margin fell to

-1.45 %

11.88 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE        10.37% 
FCX   -1.02%    
GORO   -5.77%    
NG        4.61% 
RGLD        0.28% 
SCCO        2.82% 
• View Complete Report
   



Newmont Corporation

Gold Rush: Newmont Corporation Surges in Revenue Amidst Leadership Transition

Newmont Corporation, the world's leading gold mining company, has recently undergone a successful Chief Operating Officer (COO) transition. After a five-month handover period, Rob Atkinson, the outgoing COO, will pass on his responsibilities to the new COO, Natascha Viljoen. This transition reflects Newmont's commitment to developing a strong and dynamic leadership team to navigate the evolving global mining industry.
Rob Atkinson has played an instrumental role within Newmont Corporation, contributing invaluable industry expertise and knowledge. As a key member of the Executive Leadership Team, Atkinson has been crucial in driving the company's success and strategic plans. However, with the COO transition, Newmont Corporation is entering a new chapter with Viljoen at the helm.

Management Changes

Newmont Corporation Marks Successful Transition in Chief Operating Officer Role

Published Thu, Feb 22 2024 4:00 PM UTC



Newmont Corporation, the world's leading gold mining company, proudly reveals the successful completion of its Chief Operating Officer (COO) transition after a five-month handover period. The outgoing COO, Rob Atkinson, played a pivotal leadership role in Newmont's growth and development. Beginning next week, his responsibilities will be smoothly transferred to the...

Contract

Newmont's Two-Decade Partnership with Project C.U.R.E Delivers Global Medical Support, while Suppliers Report Impressive Sales Growth

Published Thu, Feb 8 2024 1:30 PM UTC

Newmont and Project C.U.R.E: A Two-Decade Partnership Delivering Global Medical SupportNewmont Corporation, a leading global mining company, has recently announced a five-year agreement with Project C.U.R.E, a non-profit organization focused on delivering medical supplies and training to healthcare providers in developing countries and communities near Newmont mining operati...

Management Changes

Newmont Corporation and Schneider Electric Join Forces to Transform the Mining Industry

Published Wed, Jan 24 2024 10:41 PM UTC



The mining industry is embracing a new era of sustainability and efficiency, driven by technological advancements and increased environmental awareness. In this pursuit, two global leaders, Newmont Corporation and Schneider Electric, have recently partnered to redefine the future of mining. This groundbreaking collaboration aims to leverage innovative solutions and...

Contract

Newmont and Newcrest Merger Propels Creation of Unrivaled Global Gold and Copper Mining Giant

Published Tue, Nov 7 2023 5:51 AM UTC

Newmont Completes Acquisition of Newcrest Mining, Establishing World's Leading Gold and Copper Mining Company
DENVER - Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) announced today that it has successfully concluded the acquisition of Newcrest Mining Limited, resulting in the formation of the world's foremost gold mining enterprise with a robust copper p...






 

Newmont's Segments
 
 
• View Complete Report

Newmont's Operating Statistics Decrease / Increase
       
Gold Ounces (000) sold   Gold Ounces (000) sold Decline   
Gold ounces (000) produced   Gold ounces (000) produced Decline   
Avg. Gold Price per Ounce ($)   Avg. Gold Price per Ounce ($) Decline   
Costs Applicable to Sales of Gold per Ounce ($)   Costs Applicable to Sales of Gold per Ounce ($) Decline   
Avg. Gold Margin per Ounce ($)   Avg. Gold Margin per Ounce ($) Decline   
Copper Pounds (millions) sold   Copper Pounds (millions) sold Decline   
Copper Pounds (millions) produced   Copper Pounds (millions) produced Decline   
Costs Applicable to Sales of Cooper per Pound ($)   Costs Applicable to Sales of Cooper per Pound ($) Decline   




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