Case 38 Newmont Corporation

B. Rajesh Kumar
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B. Rajesh Kumar: Institute of Management Technology

A chapter in Rising Stars, 2024, pp 285-291 from Springer

Abstract: Abstract Newmont Corporation is primarily a gold producer with operations and assets spread out in different countries such as the USA, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. By December 2020, Newmont had attributable proven and probable gold reserves of 94.2 million ounces. The company also possessed an aggregate land position of approximately 58,900 square kilometers. The company is also involved in the production of copper, silver, lead, and zinc. Newmont Corporation was incorporated in the year 1920 and completed its 100th year in 2021. Newmont is among the top 10% of S&P 500 large cap dividend payers. The company is the only gold producer listed in the S&P 500 Index. Newmont has the largest market share of approximately 6% of the estimated total worldwide mined gold production. The total cumulative monthly return for the Newmont stock was 59% while the returns for S&P 500 index were 48% during the period 2018–2022.

Date: 2024
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DOI: 10.1007/978-3-031-50032-9_38

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