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Newmont Corp

(NYSE: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.

top performing NEM trades

Earl Blumenauer headshot
Earl Blumenauer
House (D-OR)
-1.20%
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Recent Trades
View the most recent Newmont trades made by congress members.
Daniel GoldmanHouse (D-NY)
$1K - $15KstockSaleMay 19, 2023Apr 10, 2023
House
Daniel GoldmanHouse (D-NY)
$1K - $15KstockSaleApr 17, 2023Mar 01, 2023
House
Earl BlumenauerHouse (D-OR)
$1K - $15KstockPurchaseOct 05, 2022Sep 28, 2022
House