Newmont Corporation (TSX:NGT)


Newmont Corporation, founded in 1921, is a global gold producer with a focus on various mineral properties.

Headquartered in Greenwood Village, Colorado, the company owns diversified portfolio of mineral assets, including silver, copper, lead, zind and gold.

The mining company operates various gold mines in Nevada, Colorado, Mexico, Ontario, Dominican Republic, Austria, Argentina, Ghana, Peru, etc.

It produces and manages gold reserves of approximately six million ounces annually.

The company has operating and producing mines in different continents, including South America, Africa, North America and Australia.

North America segment

This unit primarily comprises reserves and resources of the Phoenix, Twin Creeks, and Long Canyon in Nevada. In addition, Newmont operates Cripple Creek and Victor, gold and silver producing mines, in Colorado, US.

South America segment

The segment deals with Newmont's properties in South America, including Merian in Suriname and Yanacocha in Peru.

Australia segment

This segment comprises Tanami, Boddington and Kalgoorlie mines.

Africa segment

The mining firm operates Akyem and Ahafo mines in Ghana.

The company claims to generate a majority of the revenue from its gold mining operations. The end product of its operations are doré bars, which is a semi-pure alloy of gold, silver and other metals.

On May 17, 2021, Newmont Corporation acquired GT Gold Corp. Under the deal, Newmont acquired remaining 85.1 per cent common shares of GT Gold. In addition, the company added Tatogga project to its portfolio.

Newmont's other significant assets include:

• Cripple Creek & Victor: gold and silver
• Porcupine mine: gold
• Penasquito: silver, lead, gold, zinc
• Cerro Negro: gold
• Merian: gold
• Yanacocha: gold
• Ahafo: gold
• Akyem: gold
• Boddington: gold and copper
• Tanami Mine gold

Newmont Corporation, listed on the New York Stock Exchange and Toronto Stock Exchange, trades under the ticker 'NEM' and 'NGT', respectively.

The gold-mining firm forms a component of the S&P 500 index.

It also reportedly featured in Forbes Global 2000 for 2021.

Contact Information

company address 6900 E Layton Avenue Suite 700 Denver, CO 80237

company phone303-863-7414

company email[email protected]

company website

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