Newmont Corporation (NEM) |
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Price: $34.4200
$0.54
1.594%
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Day's High:
| $33.845
| Week Perf:
| 1.59 %
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Day's Low: |
$ 33.59 |
30 Day Perf: |
4.05 % |
Volume (M): |
809 |
52 Wk High: |
$ 52.76 |
Volume (M$): |
$ 27,303 |
52 Wk Avg: |
$40.30 |
Open: |
$33.48 |
52 Wk Low: |
$29.42 |
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|
Market Capitalization (Millions $) |
28,904 |
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
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Customers Net Income grew by |
NEM's Customers Net Profit Margin grew to |
8.64 % |
13.26 %
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Stock Performances by Major Competitors |
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Newmont Corporation
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.
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Management Changes
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...
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Contract
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...
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Management Changes
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...
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Contract
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...
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Per Share |
Current |
Earnings (TTM) |
-2.39 $ |
Revenues (TTM) |
14.07 $
|
Cash Flow (TTM) |
0.19 $ |
Cash |
3.6 $
|
Book Value |
34.78 $
|
Dividend (TTM) |
2.15 $ |
|
Per Share |
|
Earnings (TTM) |
-2.39 $
|
Revenues (TTM) |
14.07 $ |
Cash Flow (TTM) |
0.19 $ |
Cash |
3.6 $
|
Book Value |
34.78 $ |
Dividend (TTM) |
2.15 $ |
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Newmont's Operating Statistics
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Decrease / Increase
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Gold Ounces (000) sold |
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Gold ounces (000) produced |
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Costs Applicable to Sales of Gold per Ounce ($) |
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Copper Pounds (millions) sold |
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Copper Pounds (millions) produced |
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Costs Applicable to Sales of Cooper per Pound ($) |
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