NEWMONT Corp /DE/

Newmont Corporation is a gold mining company incorporated in 1921 with significant operations and assets in the United States, Canada, Mexico, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, and Fiji. The company is the world's leading gold producer, with approximately five percent of estimated total worldwide mined gold production. Newmont's business strategy is based on the size and grade of its ore bodies in favorable mining jurisdictions, a diverse portfolio of mining operations, and a commitment to sustainable and responsible mining practices. The company's website is www.newmont.com, and its ticker symbol is NEM. Newmont's business segments include 17 mining operations, including Boddington, Cadia, and Telfer, which produce gold, copper, silver, lead, and zinc as co-products. The company also has several projects in development, including Ahafo North, Tanami Expansion 2, and Cadia Block Caves. Newmont's products are primarily gold, which is used for fabrication or investment, and co-product metals such as copper, silver, lead, and zinc. The company uses various processing methods to extract gold, including milling, heap leaching, and flotation. Newmont's competitive advantage is based on its large portfolio of Tier 1 assets, which are defined as having high production, low costs, long mine life, and operations in favorable jurisdictions. The company faces competition from the top 10 gold producers, who comprise approximately twenty-five percent of total worldwide mined gold production. Newmont's business is capital intensive and requires ongoing investment for the replacement, modernization, or expansion of equipment and facilities. The company maintains insurance policies against property loss and business interruption but faces risks related to environmental liability and political risk. Newmont is committed to leading environmental, social, and governance (ESG) practices and has been consistently ranked as a leader in the mining and metal sector. The company engages regularly with stakeholders, reports on its sustainability performance, and has set science-based GHG emissions reduction targets for 2030 and a goal of being carbon neutral by 2050.