Newmont Corporation

US: NEM

$48925.5m market cap

$60.96 last close

Newmont has interests in 14 mines in North America, South America, Australia and West Africa, including eight world-class assets (three within the Nevada Gold Mines jv plus Pueblo Viejo, Penasquito, Ahafo, Boddington and Tanami) and two emerging world-class assets (Merian and Yanacocha).

Investment summary

Newmont has reinstated production and cost guidance for FY20 57 days after it withdrew it. All told, COVID-19 appears likely to cost the company c 6% of its attributable production (or 0.4Moz) at cash and all-in sustaining (AISC) costs US$25/oz and US$40/oz higher than previously estimated at US$775/oz and US$1,015/oz, respectively. However, it will also defer or defray US$300m in capex. Of 12 mines and two joint ventures, 13 are now expected to be fully operational within a matter of weeks.

Share price graph
Price performance
%
1m
3m
12m
Actual 4.3 26.4 58.6
Relative* 2.6 2.0 50.6
52-week high/low US$67.9/US$36.5
*% relative to local index
Key management
Noreen Doyle Chairman
Nancy Buese EVP and CFO
Tom Palmer President and CEO