NewmontNEM
The world's largest gold-mining company, with a globally diversified portfolio of large mines.
Past week: +6.35%
30-day price
Where the chart sits — description, not prediction
Between its 50-day ($110.14) and 200-day ($102.49) averages — a trend in transition. 30-day range $92.77–$120.67; currently in the middle third of that range. RSI(14) 43 — momentum weak.
Computed from daily closing prices (Yahoo Finance), June 19, 2026. Compare all markets →
What is Newmont?
Newmont Corporation is the world's leading gold producer, headquartered in Denver, Colorado. Founded in 1921, it is one of the oldest and most established names in precious-metals mining and has traded on the NYSE for roughly a century. It also produces copper, silver, zinc, and lead as byproducts.
Newmont operates mines and projects across North America, South America, Africa, Australia, and Papua New Guinea. Its roughly $10 billion acquisition of Goldcorp in 2019 and roughly $19 billion acquisition of Newcrest Mining in 2023 greatly expanded its footprint, making it by a wide margin the largest gold miner by production.
What has moved Newmont
Leverage to the gold price
Newmont's revenue is overwhelmingly tied to gold while its costs are largely fixed, so a rising gold price flows disproportionately into operating profit. This 'leverage to gold' is why NEM shares tend to amplify moves in the metal, up and down.
All-in sustaining costs (AISC)
Newmont reports AISC — cash costs, sustaining capital, and overhead per ounce — as its key measure of mine-level profitability. When energy, labor, or regulatory costs push AISC up, margins compress even if gold holds steady, so investors watch the gap between gold and AISC closely.
Portfolio scale and mine quality
Newmont's strategy centers on large, long-life, lower-cost mines in stable jurisdictions. Concentrating on such assets helps it weather gold downturns better than smaller peers and generate the cash flow needed for exploration and shareholder returns.
The M&A and divestiture cycle
Newmont has grown mainly through acquisitions — notably Goldcorp (2019) and Newcrest (2023) — then pruned the result by selling non-core assets. Each major deal reshapes its cost structure, jurisdiction mix, and production outlook, and investors react strongly to deal news and integration progress.
Notable moments
2019: the Goldcorp acquisition
In 2019 Newmont completed its roughly $10 billion acquisition of Goldcorp, combining two large miners into what was then the world's largest gold producer. The deal added mines across Canada, Mexico, and South America and established Newmont's dominance at scale.
2023: the Newcrest acquisition
In late 2023 Newmont acquired Australian miner Newcrest Mining for roughly $19 billion — the largest deal in gold-mining history at the time. Newcrest added major assets in Australia and Papua New Guinea and roughly doubled Newmont's copper reserves, cementing its lead.
A century of gold mining
Newmont marked its centennial in 2021 — 100 years as a publicly traded miner, a rarity in any industry. Its history spans two world wars, many commodity cycles, and gold's transformation from a monetary standard into a financial asset.
Common questions
What makes Newmont different from other gold miners?
Its defining traits are scale and portfolio quality. Newmont targets large, long-life mines that can stay profitable through the down-cycle, in politically stable jurisdictions. Its size also gives it capital-markets access and a dividend track record smaller miners cannot match.
Does Newmont pay a dividend?
Newmont has historically paid a quarterly dividend and has linked its policy to the gold price, raising or lowering payments as gold moves through defined thresholds. That makes the dividend's direction somewhat predictable, though past policy does not guarantee future payments.
What is AISC and why does it matter?
All-in sustaining cost is the industry standard for what it costs to produce an ounce of gold, including direct costs, royalties, sustaining capital, and overhead. For Newmont, the spread between the gold price and AISC determines how much cash each ounce generates.
How exposed is Newmont to political risk?
Newmont operates in several countries, some carrying higher political or regulatory risk. Changes to royalties, taxes, permitting, or ownership rules in any jurisdiction can affect mine economics, which the company manages by diversifying across regions.