Newmont Corporation (N:NEM)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6900 E Layton Avenue, Suite 700 DENVER CO 80237 |
| Tel: | N/A |
| Website: | https://newmont.com |
| IR: | See website |
| Key People | ||
| Thomas Palmer President, Chief Executive Officer, Director | Peter Wexler Chief Legal Officer | Karyn F. Ovelmen Chief Financial Officer, Executive Vice President |
| Natascha Viljoen Chief Operating Officer, Executive Vice President | Jennifer Cmil Chief Human Resource Officer, Executive Vice President | Dean Gehring Executive Vice President, Interim Chief Technology Officer, Chief Integration Officer |
| Suzanne Retallack Executive Vice President, Chief Safety and Sustainability Officer, and Executive, Australia | Peter Ivan Toth Executive Vice President, Chief Development Officer | Francois Hardy Chief Technology Officer | Joshua L. Cage Chief Accounting Officer, Controller |
| Business Overview |
| Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. The Company's portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. Its Ahafo mine is located in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, Ghana. Boddington is located 130 km southeast of Perth in Western Australia and its project area comprises over 52,506 acres (21,249 hectares) of mining tenure leased from the State of Western Australia. |
| Financial Overview |
| For the three months ended 31 March 2024, Newmont Corporation revenues increased 50% to $4.02B. Net income before extraordinary items decreased 51% to $166M. Revenues reflect Ahafo segment increase of 53% to $381M, Copper Production, Total increase from 12K to 37K metric tons. Net income was offset by Depreciation and amortization increase of 42% to $654M (expense). Dividend per share decreased from $0.40 to $0.25. |
| Employees: | 21,700 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $56,510M as of Mar 31, 2024 |
| Annual revenue (TTM): | $13,156M as of Mar 31, 2024 |
| EBITDA (TTM): | $3,511M as of Mar 31, 2024 |
| Net annual income (TTM): | -$2,694M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$1,712M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $7,109M as of Mar 31, 2024 |
| Shares outstanding: | 1,153,140,195 as of Apr 22, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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