NEWMONT Corp /DE/ (NEM)

Newmont Corporation, incorporated in 1921 and headquartered in Denver, Colorado, is the world's leading gold producer, with operations and assets spanning the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, the Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. As of December 31, 2025, the company reported attributable proven and probable gold reserves of 118.2 million ounces, measured and indicated resources of 88.1 million ounces, and inferred resources of 60.6 million ounces, across a land position of approximately 19,200 square miles. Beyond gold, Newmont produces copper, silver, lead, and zinc as co-products or by-products at select operations, including Cadia, Boddington, Red Chris, and Peñasquito.

The company operates through 13 reportable segments, comprising 12 directly managed mining operations plus a 38.5% proportionate interest in Nevada Gold Mines, and holds equity investments in Pueblo Viejo (40%) and Fruta del Norte (32%, via Lundin Gold). Following its 2023 acquisition of Newcrest Mining Limited, Newmont undertook a portfolio optimization program, divesting six non-core assets (Telfer, CC&V, Musselwhite, Éléonore, Porcupine, and Akyem) and the Coffee development project between late 2024 and late 2025, while also declaring commercial production at the Ahafo North project in Ghana in October 2025. For 2025, gold accounted for approximately 85% of total sales, with the remainder from copper, silver, lead, and zinc.

Gold ounces produced from continuing operations totaled 5.53 million consolidated and 5.89 million attributable in 2025, supplemented by 418,000 attributable ounces from equity investments. Newmont's products are sold primarily as doré and, at certain sites, as metal concentrates processed by third-party smelters. The company holds roughly 5% of estimated global mined gold production, making it the top-ranked producer among an industry where the top 10 producers account for about 25% of total output.

Newmont emphasizes environmental, social, and governance practices, including science-based emissions reduction targets (32% Scope 1/2 and 30% Scope 3 by 2030, with a 2050 carbon neutrality ambition), adherence to the Global Industry Standard on Tailings Management, and sustainability-linked financing, having issued the mining industry's first sustainability-linked bond in 2021. At year-end 2025, the company employed approximately 17,500 people directly and engaged about 26,600 contractors, with roughly 27% of its workforce unionized. Governance is overseen by a 12-member Board of Directors, the majority independent and ethnically or gender-diverse, supported by four core committees overseeing audit, governance, compensation, and safety/sustainability matters, guided by a global Code of Conduct emphasizing safety, integrity, sustainability, inclusion, and responsibility.