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The Newmont Corporation bought Canadian mining company, Goldcorp in 2019 for $10 billion. Newmont has approximately 31,600 [5] employees and contractors worldwide, and is the only gold company in the S&P 500 stock market index.
Price Action: NEM shares are up 0.36% at $52.93 premarket at the last check Wednesday. Image via Shutterstock. Read Next: ... NEWMONT (NEM): Free Stock Analysis Report.
Focus on key growth projects, disciplined capital allocation strategy and higher gold prices are driving Newmont's (NEM) shares.
The stock of Newmont (NYSE:NEM, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation.
3 of the companies took on major writedowns on their assets in the last quarter of 2011 and that affected their annual profits (Newmont $1.6B, Kinross $2.94B, Agnico-Eagle Mines $644.9M). Newmont operates Australia's two biggest gold mines, Boddington and Kalgoorlie. [55] On July 25, 2011, Polyus Gold and KazakhGold merged.
Newmont is now the world's second-largest gold producer. Newmont began an Australian subsidiary in 1966 and by 1971 they claimed to have discovered Telfer. In 1980 the subsidiary became Newmont Holdings Pty Ltd and was based in Victoria, Australia. Seven years later it was listed on the Australian Stock Exchange as Newmont Australia Limited.
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish ...
Newmont Corporation (NEM) closed at $42.08 in the latest trading session, marking a -0.68% move from the prior day. Newmont Corporation (NEM) Stock Sinks As Market Gains: What You Should Know Skip ...