NEWMONT Business Summary

Newmont Corp (NEM) is the world’s largest gold producer, generating approximately 85% of its revenue through the extraction and sale of gold dore and copper-gold concentrates. The company’s business model is centered on a portfolio of "Tier 1" assets—large-scale, low-cost operations with mine lives exceeding 10 years—located across the Americas, Australia, Africa, and Papua New Guinea. Beyond its primary gold output, Newmont derives significant byproduct revenue from copper, silver, zinc, and lead, with copper increasingly positioned as a strategic pillar for future growth. As of early 2026, the company is navigating a planned "trough year" in production (guided at 5.3 million ounces) to optimize mine sequencing for a high-margin growth phase starting in 2027. Newmont maintains a dominant market position as the only gold producer in the S&P 500, competing directly with Barrick Gold, Agnico Eagle Mines, and AngloGold Ashanti, while distinguishing itself through its massive scale and disciplined capital allocation framework. Leadership is currently headed by President and CEO Natascha Viljoen, who assumed the role on January 1, 2026, becoming the first woman to lead the company in its 104-year history; she previously served as CEO of Anglo American Platinum and brings over 30 years of global mining expertise. The executive team includes Interim CFO and Chief Legal Officer Peter Wexler, who manages the company’s complex regulatory and financial affairs, and Chief Technical Officer Francois Hardy, who oversees global exploration and operational excellence. The Board of Directors is chaired by Gregory H. Boyce, former CEO of Peabody Energy, and includes seasoned industry veterans such as Harry "Red" Conger and David Seaton. Founded in 1921 by Colonel William Boyce Thompson, Newmont remains a favorite of institutional investors, with major holdings by Vanguard and BlackRock, and continues to operate under a strategy focused on maximizing free cash flow and shareholder returns through dividends and aggressive share repurchases.