Who Owns Newmont?
Newmont is the corporate and operating brand of Newmont Corporation (NYSE: NEM), the world's largest gold mining company, headquartered in Denver, Colorado. The brand covers all of the company's mines and projects, which produced 5.9 million attributable ounces of gold plus copper and silver in fiscal 2025 with record free cash flow of $7.3 billion.
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Who Owns Newmont?
- Parent Company: Newmont Corporation
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: NEM
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Newmont | Newmont Corporation | Brand division |
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History of Newmont
- Founded: 1921
- Founders: William Boyce Thompson
William Boyce Thompson founded Newmont in 1921 in New York as a mineral investment company. The name, coined from New York and Montana, moved from finance into mining as the company built real operating assets.
The Carlin Trend discoveries in Nevada in the 1960s made Newmont the first mover in mining microscopic gold at scale and turned it into North America's largest producer by 1987. The 1997 Santa Fe Pacific merger moved the headquarters to Denver, the 2002 Normandy acquisition added Australia, and the 2019 Goldcorp and 2023 Newcrest deals made it the global leader outright.
The brand's modern meaning was defined by the Newcrest integration and subsequent divestitures: six non-core operations sold for $3.6 billion, leaving the name attached to a tighter set of tier-one mines. Natascha Viljoen, the first woman to lead the company, became CEO on January 1, 2026.
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About Newmont Corporation
Is Newmont publicly traded?
Yes. Newmont trades on the New York Stock Exchange under the ticker NEM and is the only gold mining company in the S&P 500. It also lists on the Australian and PNG exchanges.
Who is the CEO of Newmont?
Natascha Viljoen became President and CEO on January 1, 2026, succeeding Tom Palmer, who retired after leading the company since 2019. She is the first woman to lead Newmont in its 104-year history.
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How much gold does Newmont produce?
Newmont produced 5.9 million attributable ounces of gold in fiscal 2025. Guidance for 2026 is about 5.3 million ounces due to planned mine sequencing, with a longer-term outlook of roughly 6 million ounces plus 150,000 tonnes of copper annually.
Does Newmont own Barrick?
No, but the two share a major joint venture. Nevada Gold Mines combines both companies' Nevada operations under Barrick's management, with Barrick holding 61.5% and Newmont 38.5%.
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What happened to Newcrest?
Newmont acquired Newcrest Mining in November 2023 for approximately $17 billion, adding mines including Cadia and Lihir in Australia. Newcrest's operations now run under the Newmont name within its Australia regional segment.
- Founded: 1921
- Headquarters: Denver, Colorado, USA
- Company Type: Publicly Traded
- Stock: NYSE: NEM
- Revenue: ~$22 billion (FY2025)
- Employees: ~22,000 plus contractors
Where Is Newmont Made / Based?
- Headquarters: Denver, Colorado, USA
- Manufacturing / Operations: United States, Canada, Mexico, Peru, Australia, Ghana, Dominican Republic, Papua New Guinea, Argentina
Newmont Categories & Tags
Newmont Sustainability & Ethics
The brand is closely identified with industry ESG leadership: repeated inclusion in the Dow Jones Sustainability World Index, early adoption of the Global Industry Standard on Tailings Management, and a 2050 carbon neutrality target. Community foundations in Ghana and Peru anchor its social investment.
Newmont Recalls & Controversies
The defining controversy is the stalled Conga project in Peru, suspended since 2015 after violent protests over water and land. Other matters include resettlement and benefit disputes near African operations and legacy environmental claims from former Indonesian mines. These are covered by public sustainability reporting and investor engagement rather than hidden.
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Newmont Ownership: Pros & Cons
Advantages
- +Largest and most liquid gold equity exposure
- +Tier-one asset concentration post-divestitures
- +Record free cash flow and net cash balance
- +Multi-commodity output beyond gold
- +Established ESG leadership in the sector
Considerations
- -Guided production trough in 2026
- -Rising all-in sustaining costs
- -Jurisdictional risk in several operating countries
- -Earnings leverage to gold price swings
Frequently Asked Questions About Newmont
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Sources & Further Reading
Competitors to Newmont
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Freeport Mcmoran | USA | 1987 | Mass market | Global | All Genders |
Learn More About Competitors
Competitive Analysis
Market Positioning: Newmont competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Kiewit is privately owned, unlike Newmont which is under a publicly traded parent company.
Newmont Corporation Stock Information
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