- Business
- Newmont Corporation (NEM.AX) is the world's leading gold mining company and a producer of copper, silver, zinc, and lead, with a world-class portfolio of assets, prospects, and operations anchored in favorable mining jurisdictions across Africa, Australia, Latin America and Caribbean, North America, and Papua New Guinea. The company acquires, explores, develops, and produces gold and base metals from tier-one mines including Nevada Gold Mines (a joint venture), Peñasquito, Pueblo Viejo, Yanacocha, Merian, Cerro Negro, Ahafo South, Ahafo North, Lihir, Tanami, Boddington, Cadia, Red Chris, and Brucejack; it also advances projects such as Tanami Expansion 2 and Cadia Panel Cave 2-3, while targeting customers in the precious and base metals markets. Founded in 1921 and headquartered in Denver, Colorado, Newmont operates managed and non-managed sites serving global markets with a focus on sustainable practices, holding its position as the only gold producer in the S&P 500 Index and ranking top in the Dow Jones Sustainability Index for nine consecutive years.
Recent developments include achieving commercial production at the Ahafo North project in Ghana in 2025, marking Newmont's second operational site in the country following the divestment of the Akyem mine in April 2025 and expanding its footprint with four open-pit mines and a standalone mill. The company divested non-core assets such as the Porcupine Complex in Canada to Discovery Silver in early 2025 and the Coffee Project to Fuerte Metals in September 2025, retaining royalty interests including a 3% NSR on Coffee, while pursuing strategic consolidation through studies of potential acquisitions of Barrick Gold's Nevada assets valued at $15-25 billion as of October 2025. These moves streamline operations, enhance balance sheet strength, and position Newmont for growth amid high gold prices and exploration upside in oxide, transitional, and sulfide mineralization across its 70,000+ hectare land packages.