Newmont Corporation
Newmont Corporation is the world's largest gold mining company by production and reserves, formed by the 2019 merger with Goldcorp and the 2023 acquisition of Newcrest Mining. Headquartered in Denver, Colorado, Newmont operates 12 managed mines and 2 joint ventures across the Americas, Australia and Africa after completing a $4.5B divestiture of smaller, higher-cost assets (including Akyem and Musselwhite) in early 2026 to concentrate on its highest-margin operations. President and CEO Natascha Viljoen leads the company; CFO is Brian Tabolt. 2025 year-end gold Mineral Reserves were 118.2 million attributable ounces (down from 134.1 Moz in 2024, 8.6 Moz of the decline from the 2026 divestiture program), alongside 12.5 million tonnes of copper reserves.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Jan 2022 · Source
- Jan 2025 · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Not yet determined: road access, grid power.
Not yet determined: grid power.
Combined view across 4 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 15 yrsBoddington
- 31 yrsCadia
- 9 yrsPeñasquito
Shown as separate totals, not summed together: these projects' studies used different discount rates, so a single combined NPV would not be a real number.
Jurisdiction (40%)9/10
Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. Newmont's flagship is the Boddington gold-copper mine in Western Australia, its largest managed operation (580,000 oz of gold and 17,000 t of copper guided for 2026), and Australia, with Boddington, Tanami and Cadia, is its largest producing country. Western Australia is a top-tier mining jurisdiction, scored 9 like the other Australian companies on this site. Newmont also operates in Ghana, Papua New Guinea, Suriname, Mexico, Peru, Argentina and Canada and holds 38.5% of Nevada Gold Mines; this single flagship-based score does not capture them.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Boddington.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Greenbushes (Talison Lithium Pty Ltd), 126 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:2.5/10
Nearest producing mine: Greenbushes (Talison Lithium Pty Ltd), 126 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President and Chief Executive Officer of Newmont Corporation since Jan 2026 (previously EVP & COO from Oct 2023). Before Newmont, CEO of Anglo American Platinum (Amplats, now Valterra Platinum) from Apr 2020 to Oct 2023; before that, EVP Processing at Lonmin (2008-2014) and earlier leadership roles at BHP (General Manager, Klipspruit Colliery) and Anglo American.
Chief Financial Officer of Newmont Corporation, effective 1 Jul 2026 (previously interim CFO from Nov 2022, and VP/Controller & Chief Accounting Officer since joining Newmont in 2021). Before Newmont, Vice President, Global Controller and Chief Accounting Officer of Molson Coors Beverage Company (2014-2021); began his career in public accounting at Deloitte.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Not scored. Smart-money tracking covers companies below about US$5B in market cap, where a single specialist fund or strategic investor taking a stake is a meaningful signal. This company was above that size when it was assessed.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Newmont reports mineral resources exclusive of reserves, so its measured and indicated gold inventory is 118.2 Moz of proven and probable reserves plus 88.1 Moz of additional measured and indicated resources: 206.3 Moz in total.