Product Code Database
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it holds ownership of gold mines in the United States, Canada, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
The Newmont Corporation bought Canadian mining company, Goldcorp in 2019 for USD $10 billion.
In 2023, Newmont acquired Newcrest mining for USD $16.8 billion.
Newmont has approximately 31,600 employees and contractors worldwide, and is the only gold company in the S&P 500 stock market index.
In 1929, Newmont became a mining company with its first gold product by acquiring California's Empire Star Mine. By 1939, Newmont was operating 12 gold mines in North America.
The company acquired interests overseas. For decades around the middle of the 20th century, Newmont had a controlling interest in the Tsumeb mine in Namibia and in the O'Okiep Copper Company in Namaqualand, South Africa.
Beginning in 1925, Newmont acquired interests in a Texas oil field. Eventually, Newmont's oil interests included more than 70 blocks in the Louisiana, Gulf of Mexico area and oil and gas production in the North Sea.
Fred Searls became president in 1947, after serving as the company's exploration geologist. Searls retired in 1954, and Plato Malozemoff took over as president. (1990). 9780295970141, University of Washington Press. ISBN 9780295970141
Newmont began mining at Carlin, Nevada, in 1965. The "Carlin Trend" or "Carlin Unconformity" is the largest gold discovery in North America during the 20th century. In 1971 Newmont began heap leaching low grade ores there.
In 1971, the South-West African (now Namibia) Tsumeb & Kombat mines managed by Newmont, had its operations stopped during the 1971–72 Namibian contract workers strike over the contract labor system and apartheid.
In 1987, defending against a $6.3 billion bid by T. Boone Pickens, the company paid a US$33 per share special dividend to all shareholders, US$2.2 billion in cash, of which US$1.75 billion was borrowed. To reduce this debt the company undertook a divestment program involving all of its copper, oil, gas, and coal interests.
As a further step in the restructuring, the company moved its headquarters from New York City to Denver in 1988. A decade later, Newmont Mining Corporation and Newmont Gold Company combined assets to form a unified worldwide gold company. Shareholders of both companies had identical interests in the reserves, production and earnings of Newmont Gold's operations.
Newmont then merged with Santa Fe Railroad (a former Atchison, Topeka & Santa Fe Railway subsidiary, sold in preparation for the merger that produced the BNSFRailroad News, Trains, September 1994, pp. 14-16) to form North America's largest gold producer.
On June 21, 2000, Newmont announced a merger with Battle Mountain Gold. The merger was completed in January 2001.
In February 2002, Newmont completed the acquisition of Normandy Mining and Franco-Nevada. Newmont faced competition in its bid for Normandy from AngloGold. By eventually outbidding the South African company, Newmont became the world's largest gold producer, with an annual production in excess of 8 million ounces.
In 2007, the company eliminated its 1.5 million ounce legacy hedge book to make Newmont the world's largest unhedged gold producer. The following year, Newmont acquired Miramar Mining Corporation and its Hope Bay deposit in the Canadian Arctic.
In 2009, Newmont purchased the remaining one-third interest in Boddington Gold Mine from AngloGold Ashanti, bringing its ownership to 100 percent.
In April 2011, the company acquired Canada's Fronteer Gold Inc. for CA$2.3 billion. This made the company the world's second-largest gold producer.
In 2017, Newmont produced 5.65 million ounces of gold at all-in sustaining costs of US$924 per ounce. The company reported adjusted net income of $780 million for the year, and further reduced net debt down to US$0.8 billion.
In 2019, it acquired Canada's Goldcorp for $10 billion.
target="_blank" rel="nofollow"> Newmont Enters into Definitive Agreement to Acquire Newcrest Newmont May 14, 2023 Newmont Seals $19 Billion Newcrest Deal to Dominate Gold Mining Bloomberg News May 14, 2023 The Deal was completed in November 2023.
target="_blank" rel="nofollow"> Implementation of Scheme Newcrest November 7, 2023 Goldcorp had previously been under public scrutiny for documented human-rights abuses, including poisoning river-water that led to severe illnesses in local children living close to the mining operation (https://theviolenceofdevelopment.com/the-true-cost-of-gold-in-honduras/)
In September 2025, it was announced that Natascha Viljoen would succeed Tom Palmer as CEO of Newmont, effective January 2026, when Palmer retires.
In 2010, Newmont was fined $4.9 million by the Ghanaian Environmental Protection Agency for not preventing, reporting and investigating a cyanide spill at Ahafo mine in an "appropriate and timely manner".
| Cripple Creek & Victor Gold Mine | 100% | Surface | Gold, Silver | 260,000 | 2.49 million | |
| Nevada Gold Mines | 38.5% | 10 Underground, 12 Surface | Gold, Copper, Silver | 1.37 million | 17.39 million | |
| Éléonore | 100% | Underground | Gold | 270,000 | 1.26 million | |
| Musselwhite mine | 100% | Underground | Gold | 200,000 | 1.79 million | |
| Porcupine mine | 100% | Underground, Open Pit, Stockpiles | Gold | 360,000 | 3.05 million | |
| Peñasquito Mine | 100% | Open Pit | Gold, Silver, Lead, Zinc | 660,000 | 7.1 million | |
| Cerro Negro mine | 100% | Underground | Gold | 270,000 | 2.57 million | |
| Merian | 75% | Surface | Gold | 320,000 | 3.97 million | |
| Pueblo Viejo mine | 40% | Open Pit | Gold | 325,000 | 4.11 million | |
| Yanacocha | 100% | Surface | Gold | 160,000 | 3.41 million | |
| Ahafo mine | 100% | Surface | Gold | 515,000 | 6.06 million | |
| Akyem | 100% | Surface | Gold | 400,000 | 2.27 million | |
| Boddington Gold Mine | 100% | Surface | Gold, Copper | 830,000 | 12.69 million | |
| Tanami Mine | 100% | Underground | Gold | 500,000 | 5.87 million |
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