Newmont Corporation (NEM)
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About
Business overview of Newmont Corporation (NEM)
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
Key Insights
Critical company metrics and information
Share Price
$41.59Market Cap
$47.35 BillionTotal Outstanding Shares
1.14 Billion SharesTotal Employees
21,700Dividend
$0.25 Per Share QuarterlyIPO Date
December 21, 1951SIC Description
Gold And Silver OresHomepage
https://www.newmont.com
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow, Discontinued | $198.00 Million |
| Net Cash Flow From Operating Activities | $4.47 Billion |
| Net Cash Flow From Operating Activities, Discontinued | $45.00 Million |
| Net Cash Flow | $-66.00 Million |
| Net Cash Flow, Continuing | $-264.00 Million |
| Net Cash Flow From Investing Activities, Continuing | $-2.40 Billion |
| Net Cash Flow From Operating Activities, Continuing | $4.42 Billion |
| Net Cash Flow From Financing Activities, Continuing | $-2.28 Billion |
| Net Cash Flow From Financing Activities | $-2.28 Billion |
| Net Cash Flow From Investing Activities | $-2.25 Billion |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Diluted Earnings Per Share | $2.12 |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Income/Loss From Discontinued Operations Net Of Tax | $80.00 Million |
| Income/Loss From Continuing Operations After Tax | $-1.27 Billion |
| Other Operating Expenses | $17.01 Billion |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Income/Loss Before Equity Method Investments | $-579.00 Million |
| Revenues | $16.99 Billion |
| Benefits Costs and Expenses | $17.57 Billion |
| Net Income/Loss Available To Common Stockholders, Basic | $-1.21 Billion |
| Net Income/Loss Attributable To Parent | $-1.21 Billion |
| Income Tax Expense/Benefit, Deferred | $-136.00 Million |
| Income/Loss From Continuing Operations Before Tax | $-579.00 Million |
| Nonoperating Income/Loss | $-337.00 Million |
| Costs And Expenses | $17.23 Billion |
| Income Tax Expense/Benefit | $772.00 Million |
| Net Income/Loss | $-1.19 Billion |
| Operating Income/Loss | $-242.00 Million |
| Basic Average Shares | $3.50 Billion |
| Basic Earnings Per Share | $2.12 |
| Research and Development | $217.00 Million |
| Operating Expenses | $17.23 Billion |
| Income/Loss From Equity Method Investments | $83.00 Million |
| Diluted Average Shares | $3.50 Billion |
| Net Income/Loss Attributable To Noncontrolling Interest | $25.00 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Current Liabilities | $6.41 Billion |
| Wages | $542.00 Million |
| Equity | $29.90 Billion |
| Other Non-current Assets | $9.90 Billion |
| Liabilities | $26.28 Billion |
| Long-term Debt | $8.55 Billion |
| Fixed Assets | $33.70 Billion |
| Liabilities And Equity | $56.17 Billion |
| Assets | $56.17 Billion |
| Noncurrent Liabilities | $19.87 Billion |
| Equity Attributable To Parent | $29.71 Billion |
| Other Non-current Liabilities | $11.32 Billion |
| Accounts Payable | $772.00 Million |
| Noncurrent Assets | $43.60 Billion |
| Other Current Liabilities | $5.09 Billion |
| Equity Attributable To Noncontrolling Interest | $184.00 Million |
| Current Assets | $12.58 Billion |
Historical Dividends
Current dividend: $0.25 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Oct 23, 2024 | Dec 23, 2024 | Nov 27, 2024 | $0.25 | Quarterly |
| Jul 24, 2024 | Sep 30, 2024 | Sep 5, 2024 | $0.25 | Quarterly |
| Apr 25, 2024 | Jun 27, 2024 | Jun 4, 2024 | $0.25 | Quarterly |
| Feb 22, 2024 | Mar 28, 2024 | Mar 5, 2024 | $0.25 | Quarterly |
| Oct 26, 2023 | Dec 22, 2023 | Nov 30, 2023 | $0.4 | Quarterly |
| Jul 20, 2023 | Sep 21, 2023 | Sep 7, 2023 | $0.4 | Quarterly |
| Apr 27, 2023 | Jun 15, 2023 | Jun 1, 2023 | $0.4 | Quarterly |
| Feb 23, 2023 | Mar 23, 2023 | Mar 9, 2023 | $0.4 | Quarterly |
| Oct 27, 2022 | Dec 29, 2022 | Dec 8, 2022 | $0.55 | Quarterly |
| Jul 22, 2022 | Sep 22, 2022 | Sep 8, 2022 | $0.55 | Quarterly |
| Apr 21, 2022 | Jun 16, 2022 | Jun 2, 2022 | $0.55 | Quarterly |
| Feb 22, 2022 | Mar 24, 2022 | Mar 10, 2022 | $0.55 | Quarterly |
| Oct 26, 2021 | Dec 28, 2021 | Dec 9, 2021 | $0.55 | Quarterly |
| Jul 21, 2021 | Sep 23, 2021 | Sep 9, 2021 | $0.55 | Quarterly |
| Apr 28, 2021 | Jun 17, 2021 | Jun 3, 2021 | $0.55 | Quarterly |
| Feb 17, 2021 | Mar 18, 2021 | Mar 4, 2021 | $0.55 | Quarterly |
| Oct 28, 2020 | Dec 28, 2020 | Dec 11, 2020 | $0.4 | Quarterly |
| Jul 23, 2020 | Sep 24, 2020 | Sep 10, 2020 | $0.25 | Quarterly |
| Apr 21, 2020 | Jun 18, 2020 | Jun 4, 2020 | $0.25 | Quarterly |
| Feb 18, 2020 | Mar 19, 2020 | Mar 5, 2020 | $0.14 | Quarterly |
| Oct 22, 2019 | Dec 27, 2019 | Dec 5, 2019 | $0.14 | Quarterly |
| Jul 24, 2019 | Sep 26, 2019 | Sep 12, 2019 | $0.14 | Quarterly |
| Apr 24, 2019 | Jun 20, 2019 | Jun 6, 2019 | $0.14 | Quarterly |
| Feb 20, 2019 | Mar 21, 2019 | Mar 7, 2019 | $0.14 | Quarterly |
| Oct 24, 2018 | Dec 27, 2018 | Dec 6, 2018 | $0.14 | Quarterly |
| Jul 23, 2018 | Sep 27, 2018 | Sep 13, 2018 | $0.14 | Quarterly |
| Apr 24, 2018 | Jun 21, 2018 | Jun 7, 2018 | $0.14 | Quarterly |
| Feb 20, 2018 | Mar 22, 2018 | Mar 8, 2018 | $0.14 | Quarterly |
| Jul 19, 2017 | Sep 28, 2017 | Sep 14, 2017 | $0.075 | Quarterly |
| Apr 20, 2017 | Jun 22, 2017 | Jun 8, 2017 | $0.05 | Quarterly |
| Feb 16, 2017 | Mar 23, 2017 | Mar 9, 2017 | $0.05 | Quarterly |
| Oct 26, 2016 | Dec 29, 2016 | Dec 8, 2016 | $0.05 | Quarterly |
| Jul 20, 2016 | Sep 29, 2016 | Sep 15, 2016 | $0.025 | Quarterly |
| Feb 11, 2016 | Mar 24, 2016 | Mar 10, 2016 | $0.025 | Quarterly |
| Apr 21, 2015 | Jun 25, 2015 | Jun 11, 2015 | $0.025 | Quarterly |
| Feb 16, 2015 | Mar 26, 2015 | Mar 12, 2015 | $0.025 | Quarterly |
| Oct 29, 2014 | Dec 26, 2014 | Dec 5, 2014 | $0.025 | Quarterly |
| Jul 22, 2014 | Sep 26, 2014 | Sep 11, 2014 | $0.025 | Quarterly |
| Apr 23, 2014 | Jun 26, 2014 | Jun 12, 2014 | $0.025 | Quarterly |
| Feb 19, 2014 | Mar 27, 2014 | Mar 13, 2014 | $0.15 | Quarterly |
| Oct 30, 2013 | Dec 27, 2013 | Dec 5, 2013 | $0.2 | Quarterly |
| Jul 25, 2013 | Sep 27, 2013 | Sep 5, 2013 | $0.25 | Quarterly |
| Apr 24, 2013 | Jun 27, 2013 | Jun 12, 2013 | $0.35 | Quarterly |
| Feb 20, 2013 | Mar 28, 2013 | Mar 13, 2013 | $0.425 | Quarterly |
| Oct 31, 2012 | Dec 28, 2012 | Dec 6, 2012 | $0.35 | Quarterly |
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