NEWMONT Corp /DE/ NEM
Newmont Corporation was incorporated in 1921 and is primarily a gold producer with significant operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. At December 31, 2025, Newmont had attributable proven and probable gold reserves of 118.2 million ounces, attributable measured and indicated gold resources of 88.1 million ounces, attributable inferred gold resources of 60.6 million ounces, and an aggregate land position of approximately 19,200 square miles (49,800 square kilometers). Newmont is also engaged in the production of copper, silver, lead, and zinc. As the world's leading gold company, Newmont remains committed to creating value and improving lives through sustainable and responsible mining.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.67B | $18.68B | $11.81B | $11.91B | $12.22B | $11.50B | $9.74B | $7.25B | $7.38B | $6.68B |
| R&D | $166.0M | $197.0M | $200.0M | $229.0M | $154.0M | $122.0M | $150.0M | $153.0M | $143.0M | $134.0M |
| SG&A | $382.0M | $442.0M | $299.0M | $276.0M | $259.0M | $269.0M | $313.0M | $244.0M | $237.0M | $233.0M |
| Total operating expenses | $11.71B | $14.15B | $13.51B | $11.71B | $10.96B | $8.69B | $8.46B | $6.46B | $6.12B | $6.70B |
| Pre-tax income | $11.34B | $4.58B | -$2.03B | -$51.0M | $1.11B | $3.14B | $3.69B | $738.0M | $1.07B | -$220.0M |
| Income tax | $4.60B | $1.40B | $526.0M | $455.0M | $1.10B | $704.0M | $832.0M | $386.0M | $1.13B | $579.0M |
| Net income | $7.08B | $3.35B | -$2.49B | -$429.0M | $1.17B | $2.83B | $2.81B | $341.0M | -$114.0M | -$629.0M |
| EPS, basic | 6.41 | 2.92 | -2.97 | -0.54 | 1.46 | 3.52 | 3.82 | 0.64 | -0.21 | -1.19 |
| EPS, diluted | 6.39 | 2.92 | -2.97 | -0.54 | 1.46 | 3.51 | 3.81 | 0.64 | -0.21 | -1.18 |
| Shares, diluted (wtd. avg.) | $1.11B | $1.15B | $841.0M | $795.0M | $801.0M | $806.0M | $737.0M | $535.0M | $535.0M | $532.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.65B | $3.62B | $3.00B | $2.94B | $5.09B | $5.65B | $2.35B | $3.49B | $3.30B | $2.78B |
| Short-term investments | $594.0M | $21.0M | $23.0M | $880.0M | $82.0M | $290.0M | $237.0M | $48.0M | $62.0M | $56.0M |
| Receivables | $1.07B | $1.06B | $734.0M | $366.0M | $337.0M | $449.0M | $373.0M | $254.0M | $124.0M | $129.0M |
| Total current assets | $13.07B | $12.28B | $7.51B | $6.51B | $7.70B | $8.51B | $6.27B | $5.28B | $5.07B | $4.67B |
| Property, plant and equipment | — | — | — | — | — | — | $25.28B | $12.26B | $12.34B | $12.52B |
| Goodwill | $2.66B | $2.66B | $3.00B | $1.97B | $2.77B | $2.77B | $2.67B | $58.0M | — | — |
| Total assets | $57.12B | $56.35B | $55.51B | $38.48B | $40.56B | $41.37B | $39.97B | $20.71B | $20.65B | $21.07B |
| Accounts payable | $816.0M | $843.0M | $960.0M | $633.0M | $518.0M | $493.0M | $539.0M | $303.0M | $375.0M | $320.0M |
| Short-term debt | $0 | $924.0M | $1.92B | $0 | $87.0M | $551.0M | $0 | $626.0M | $4.0M | $566.0M |
| Total current liabilities | $5.71B | $7.54B | $6.00B | $2.93B | $2.65B | $3.37B | $2.38B | $1.79B | $1.40B | $1.74B |
| Long-term debt | $5.12B | $7.55B | $6.95B | $5.57B | $5.57B | $5.48B | $6.14B | $3.42B | $4.04B | $4.05B |
| Total liabilities | $23.08B | $26.24B | $26.30B | $18.95B | $18.70B | $17.49B | $17.56B | $9.20B | $9.13B | $9.29B |
| Retained earnings | $3.43B | -$1.32B | -$3.00B | $916.0M | $3.10B | $4.00B | $2.29B | $383.0M | $410.0M | $658.0M |
| Total equity | $33.87B | $29.93B | $29.20B | $19.53B | $21.81B | $23.84B | $22.37B | $11.46B | $11.52B | $11.79B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.33B | $6.36B | $2.76B | $3.22B | $4.28B | $4.88B | $2.87B | $1.83B | $2.12B | $2.79B |
| Depreciation and amortisation | $2.52B | $2.58B | $2.11B | $2.19B | $2.32B | $2.30B | $1.96B | $1.22B | $1.26B | $1.21B |
| Capital expenditure | $3.04B | $3.40B | $2.67B | $2.13B | $1.65B | $1.30B | $1.46B | $1.03B | $866.0M | $1.13B |
| Investing cash flow | $606.0M | -$2.70B | -$1.00B | -$2.98B | -$1.87B | $91.0M | -$1.23B | -$1.18B | -$946.0M | -$74.0M |
| Financing cash flow | -$7.04B | -$2.95B | -$1.60B | -$2.36B | -$2.96B | -$1.68B | -$2.78B | -$455.0M | -$668.0M | -$1.82B |
| Dividends paid | $1.11B | $1.15B | $1.42B | $1.75B | $1.76B | $834.0M | $889.0M | $301.0M | $134.0M | $67.0M |
| Buybacks | $2.30B | $1.25B | $0 | $0 | $525.0M | $521.0M | $479.0M | $98.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001164727-26-000010.
Others in SIC 1040
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CDE | Coeur Mining, Inc. | $21.83B | 22.4x | 96.4% |
| NG | NOVAGOLD RESOURCES INC | $3.54B | — | — |
| PPTA | PERPETUA RESOURCES CORP. | $3.14B | — | — |
| HYMC | HYCROFT MINING HOLDING CORP | $2.11B | — | — |
| IAUX | i-80 Gold Corp. | $1.55B | — | 89.1% |
| MUX | McEwen Inc. | $1.23B | 34.0x | 13.2% |
| CTGO | Contango Silver & Gold Inc. | $661.1M | — | — |
| TMQ | Trilogy Metals Inc. | $570.1M | — | — |