Newmont Corporation (NYSE: NEM), being the world’s largest gold mining corporation, with extensive operations in mining and production of not only gold but also copper, silver, zinc, and lead. Established in 1921, the corporation is based in Greenwood Village, Colorado, and operates across a broad geographical spectrum with assets in North America, South America, Australia, and Africa.
The company’s mines are located in various regions including Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. Its operations extend to exploration, production, processing, and refining of the aforementioned metals, with a notable emphasis on gold mining and production. As of the end of 2022, Newmont had substantial proven and probable gold reserves.
as of October 4, 2023
At last count, Newmont has 96 million ounces of gold, 6.8 million tonnes of copper, and a staggering 600 million ounces of silver… provable reserves. That’s $172 billion plus $54 billion plus $12.6 billion in total profit potential, at current prices. Metal prices have been down year to data and considering the shit storm we’re heading towards (IMO) they should all be going higher in USD terms. The company’s market cap is $28 billion just over half of what it has in copper alone.