Toggle Button

Newmont's Vision

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont was founded in 1921 and has been publicly traded since 1925.

newmont worker

Newmont Awards

Awards and recognition help us gauge our progress on issues related to safety, the environment, community relationships, community investment and other areas of our business. The following are some of the more recent recognitions Newmont has received in our efforts to create sustainable value and opportunity for all our stakeholders.

2019 Awards

September
  • Newmont Ranked Top Gold miner on DJSI for ESG performance for the fifth year in a row.
May
back to top

2016 Awards

December
  • Alliance for Education Award (ALAC, Yanacocha), Ministry of Education, Peru
  • Merit Award (Newmont Australia), Community Partnership Award, Australia Department of Mines and Petroleum
  • Finalist, 2016 Golden Gecko award (Boddington, Newmont Australia), Australia Department of Mines and Petroleum
November
September
August
  • Best Company (Akyem, Newmont Ghana), 2016 Ghana Club 100 Awards, Ghana Investment Promotion Center
  • Leader in the Petroleum and Mining Sector (Akyem, Newmont Ghana), 2016 Ghana Club 100 Awards, Ghana Investment Promotion Center
  • Fastest Growing Company of the Year (Akyem, Newmont Ghana), 2016 Ghana Club 100 Awards, Ghana Investment Promotion Center
  • Best New Entrant Company (Akyem, Newmont Ghana), 2016 Ghana Club 100 Awards, Ghana Investment Promotion Center
July
May
March
February
January
back to top

2015 Awards

December
  • Finalist, 2015 Golden Gecko (KCGM, Newmont Australia), Australia Department of Mines and Petroleum
back to top

Newmont History

Newmont rich legacy spans most of the 20th century and is intimately linked to many of the key industrial milestones of the 1900s.

Colonel William Boyce Thompson founded the Newmont Company in 1916 as a holding company for private acquisitions in oil and gas, mining and minerals enterprises. Thompson named the company “Newmont” because, as one biographer described it, “he grew up in Montana and made his money in New York.”

Publicly traded on the New York Stock Exchange (NYSE) since 1940, Newmont has spent about century primarily in the natural resources industry, mining gold, copper, silver, lead, zinc, lithium, uranium, coal, nickel and aggregates, and even developing oil and gas. Today, Newmont is the world’s leading gold company as measured by assets, prospects and people. Newmont has actively operating mines in nine countries across the globe.

As one of a relatively small number of companies that have been listed on the NYSE since 1940, Newmont continues to create value and opportunities for our shareholders, employees and host communities.

We invite you to read more about our diverse and storied past and the remarkable foundation upon which our company was built.

In The Beginning

When mine promoter and financier Colonel William Boyce Thompson decides to create a company in 1916 to handle his larger private acquisitions – spanning oil and gas, mining and even hats – he names it the Newmont Company based on the assets he created in New York and his love for his home state of Montana. Reincorporated as Newmont Corporation in 1921, the word Mining is added to its name in 1925 as it sells its first shares to the public. Recognized for its “imposing array of financial and technical talent,” Newmont quickly becomes an industry leader, and its stock skyrockets from $40 to $236 in just four years.

With the acquisition of the Empire-Star Mines in California in 1929 and President Roosevelt’s decision to increase the fixed gold price from $20 per ounce to $35, Newmont weathers the Great Depression. The Company also becomes a shareholder of Magma Copper in Arizona – one of the largest copper producers in the United States – and opens copper mines in southern Africa and acquires two historic lead and zinc mines in Colorado.

Era of expansion

Beginning in the 1930s, Newmont spends the next three decades growing steadily by acquiring new operations and diversifying its mining portfolio through joint ventures with established mining companies to include copper, gold and other minerals.

The Company experiments with new processing techniques for metals such as nickel and lithium, creates the largest cement plant in the United States, refines copper for use in the automotive industry, and puts together a consortium to acquire Peabody Coal – the largest coal miner in the United States. In all, Newmont grows its operations, producing 28 different products from mines, wells, plants and refineries in the United States, Canada, Africa, Peru and elsewhere.

In Nevada, Newmont discovers the world’s first submicroscopic or “invisible” gold at Carlin in the early 1960s and begins production on the first open pit gold mine in the world. Its mines on the Carlin Trend are the first in North America to produce 1 million ounces in a year. Carlin becomes the foundation of Newmont’s rise in the gold market.

Attempted Takeovers

By the mid-1980s, the Company is flush with cash, has little debt and is developing a growing gold district in Nevada. Many on Wall Street discover that Newmont’s parts are worth more than the whole, believing the Company’s non-gold assets are undervalued.

This attracts corporate raiders – Consolidated Gold Fields (ConsGold), T. Boone Pickens, Minorco, Hanson Industries and Sir James Goldsmith – who seek to break Newmont apart and sell its assets to increase shareholder value.

Newmont faces tumultuous times as it works to thwart these five takeover bids. While eventually successful, Newmont is left in significant debt by these battles, requiring it to divest its non-gold assets. Newmont’s Carlin Trend in Nevada remains as its primary asset, with fledgling operations in Indonesia and exploration plays in Peru and Uzbekistan.

Focus on Gold

Capital investments and acquisitions lift Newmont’s production and reserves during the 1990s. Yanacocha becomes the largest gold mine in South America. Operations begin in Uzbekistan and Indonesia, where Batu Hijau puts the Company back in the copper business.

In a bold move in 2002, the Company acquires two competitors, an Australian miner and a Canadian royalty holder, to become the largest gold producer in the world from 2002 to 2006. One acquired property in Ghana is quickly developed into a major new mine while subsequent acquisitions over the next 10 years add depth in Canada, Australia and Nevada.

In 2007, the Company eliminates its 1.5 million ounce legacy hedge book to make Newmont the world’s largest unhedged gold producer.

Proud of its record of environmental stewardship and commitment to bringing a better standard of living to the communities in which it operates, Newmont takes a leadership role in sustainability and becomes the first gold company to be included in the Dow Jones Sustainability World Index in 2007.