Newmont Corporation (NEM)

Newmont's stock has experienced significant movements, with the stock up +45.42% over the past six months as of October 23, 2025. In Q3 2025, Newmont announced strong third-quarter results, surpassing analyst expectations, with $5.52 billion in revenue and adjusted net income of $1.9 billion, driven by a surge in gold prices. Gold prices soared past $4,000 per ounce but experienced a significant sell-off, causing Newmont's stock to fall. Gold production in Q3 2025 dipped to 1.4 million ounces, but all-in sustaining costs (AISC) were managed effectively. Newmont announced commercial production at its Ahafo North project in Ghana. The company has been actively selling off non-core assets, generating over $2.5 billion in net cash from sales this year, and total debt fell 16% year-over-year to $7.5 billion in Q1 2025. Tom Palmer is set to retire as CEO at the end of 2025, with Natascha Viljoen assuming the CEO role in 2026. Newmont is reportedly studying various transaction structures to gain control of Barrick Mining's Nevada gold assets.

The demand for Newmont's products is influenced by the cyclical nature of the mining industry and broader economic conditions. Gold is considered a safe-haven asset, with demand increasing during economic uncertainty, while higher gold prices can soften consumer demand in price-sensitive markets. Demand for silver is bolstered by industrial applications, particularly from the EV and solar panel manufacturing sectors.

Newmont Corporation is a leading global gold mining company that also produces copper, silver, zinc, and lead, operating within the Materials sector, specifically in the Gold industry, and is recognized as the world's largest gold producer, with its primary products being refined gold bullion and metal concentrates.

Newmont Corporation has a global presence with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana, with mining activities spanning North America, South America, Australia, and Africa, and as of late 2023, Newmont had 21 production sites, with 11 in North America, 4 in Australia, 3 in South America, 2 in Africa, and 1 in New Guinea.

Newmont is widely recognized for its principled environmental, social, and governance (ESG) practices, with the 2023 Sustainability Report highlighting commitments such as reducing carbon emissions by 32% by 2030 and a 72% water recycling rate. Newmont has been ranked as the top gold miner in the Dow Jones Sustainability Index for nine consecutive years. However, the company has faced challenges, including tragic safety incidents in 2024, leading to a review of safety systems, and has encountered protests and scrutiny over environmental and human rights issues in some regions.

Newmont Corporation is publicly traded on the New York Stock Exchange (NYSE) and is a component of the S&P 500 Index, with a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion of Newmont's stock, including Vanguard Group Inc., BlackRock, Inc., and State Street Corp. As of March 31, 2024, Vanguard Group Inc. and BlackRock Fund Advisors increased their holdings, while SSgA Funds Management, Inc. and Capital Research & Management Co. decreased theirs. Insiders hold approximately 0.10% of the company's stock.