Newmont(NYSE) NEM

Newmont Corporation mines metals used in everyday life. It produces gold for jewelry and copper for electrical wiring. These materials help build electronics and support global industries.

What Newmont Pulls from the Earth

• Gold: Precious metal mined at sites worldwide; generated $11.3 billion in sales during the six months ended June 30, 2026.
• Silver: Industrial and precious metal often recovered alongside gold; accounted for $1 billion in sales during the six months ended June 30, 2026.
• Copper: Vital metal for electrical applications and clean energy technology; contributed $697 million in sales during the six-month period ended June 30, 2026.
• Zinc and Lead: Industrial minerals used for galvanizing and battery production; combined for $414 million in sales during the six months ended June 30, 2026.

How Does Newmont Grow?

• Completed the sale of several non-core assets including the Musselwhite and Akyem mines during 2025.
• Reached commercial production at the Ahafo North project in Ghana in October 2025.
• Authorized a $6 billion common stock repurchase program in April 2026 to return capital to stockholders.
• Advanced the Tanami Expansion 2 project in Australia to increase production and extend the mine life.

Managing Resources Across Borders

Newmont operates a network of mines across five continents and maintains a major joint venture in Nevada. The company uses sustainability standards to guide its global exploration and metal production activities.

What Drives the Business?

• Sales rose to $13.4 billion for the six-month period ended June 30, 2026.
• Net income attributable to stockholders was $5.5 billion for the six months ended June 30, 2026.
• Free cash flow was $5.3 billion during the half-year period ended June 30, 2026.
• Cash and cash equivalents totaled $9.0 billion as of June 30, 2026.
• Gold production reached 2.4 million ounces for the six-month period ended June 30, 2026.

Evolution of a Mining Giant

Newmont has streamlined its global operations by selling non-core assets while focusing on high-margin gold and copper projects. This evolution emphasizes a resilient balance sheet and sustainable production across diverse mining jurisdictions.