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.

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%.

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.

Colonel William Boyce Thompson founded Newmont in 1921 in New York as an investment company for mineral interests, taking its name from "New York" and "Montana." Through the mid-twentieth century it grew into a diversified mining house with stakes in copper, coal, and gold.

The modern gold identity formed in the 1960s and 1970s around the Carlin Trend in Nevada, where Newmont pioneered open-pit mining of microscopic gold and built what remains one of the world's great gold districts. By 1987 it was North America's largest gold producer. A 1997 merger with Santa Fe Pacific Gold brought the headquarters to Denver, and the 2002 acquisition of Normandy Mining added the Australian assets that still anchor the Pacific portfolio.

The twenty-first century brought serial consolidation and a decade-long duel with Barrick Gold for industry leadership. Newmont acquired Goldcorp in 2019 for about $10 billion, then in the same period formed Nevada Gold Mines, a joint venture with Barrick in which Newmont holds 38.5%, combining the two companies' Nevada operations under Barrick management.

The largest deal came in November 2023: the acquisition of Australia's Newcrest Mining for approximately $17 billion, adding the Cadia, Lihir, Telfer, and Brucejack operations and pushing annual production toward 7 million ounces. The integration came with a plan to divest non-core assets, which ran through 2024 and 2025 and generated $3.6 billion for debt reduction. Tom Palmer, CEO since 2019, retired at the end of 2025 and handed over to Viljoen.

Fiscal 2025 was a landmark year financially: realized gold prices averaged $3,498 per ounce as bullion hit record levels, producing $10.3 billion of operating cash flow, a record $7.3 billion of free cash flow, $3.4 billion returned to shareholders, and a year-end net cash position. Attributable gold production was 5.9 million ounces.

For a gold miner, sustainability is a core operating question rather than a marketing one. Newmont publishes detailed annual sustainability reporting covering tailings management under the Global Industry Standard on Tailings Management, water use, emissions, and community and Indigenous relations across its jurisdictions. It has set science-aligned emissions reduction targets for 2030 and carbon neutrality by 2050.

The company reports zero work-related fatalities targets and significant safety systems investment. Its social footprint includes long-standing community development foundations in Ghana and Peru, and it faces ongoing engagement obligations around land and water near operations in sensitive jurisdictions, including the long-running disputes around its Conga project in Peru, which has been suspended for a decade.

Newmont has been named to the Dow Jones Sustainability World Index repeatedly, ranking as the top gold miner on that index in multiple years, and has appeared on 3BL's 100 Best Corporate Citizens list. It was the first mining company named to the Bloomberg Gender-Equality Index and remains a fixture on best-places-to-work lists in its operating regions.

Newmont's most persistent controversy is the Conga project in Peru, a stalled copper-gold project that triggered violent protests over water and land concerns and has been suspended since 2015 at a multibillion-dollar sunk cost. In Ghana, the Akyem mine's 2025 sale drew scrutiny of local community benefit terms, and the company has faced periodic disputes over compensation and resettlement near African operations.

Other matters include a 2020s-era Indonesian environmental lawsuit legacy from its former Batu Hijau mine, tailings and water management scrutiny across the portfolio, and the normal permitting battles that accompany any large mine expansion. Under its Global Industry Standard on Tailings Management commitments, the company discloses facility status publicly, a transparency step pushed by investors after the Brumadinho disaster at Vale.