Feed / NEM

Newmont Corporation

NEM

Basic Materials · 115.35 -1.5% today

Participation confirmed · construction unavailableMarket checked 30 Sept, 15:55 GMT-4

Market read

Newmont Corporation's move is spreading beyond its market group.

No new filing conclusion is available. 5 of 11 group members are active now; 2 filing-linked outsiders are moving with the group, and 2 of 10 directly disclosed connections are confirming.

Company-1.5% todayVolume comparison unavailable
Market group5 of 11 activeGold · inactive
Disclosed network2 of 8 confirmingRGLD, RGLD moving with the group
What would change this read
  • At least 8 of 11 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • RGLD remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 3 of 11 members or fewer.

Watch this read

Research brief

The story so far

Basic Materials · Gold

No new filing conclusion is available. 5 of 11 group members are active now; 2 filing-linked outsiders are moving with the group, and 2 of 10 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 8 of 11 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • RGLD remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Oct 1, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations615
Usable filing statements329
Verified relationships11
Evidence supporting the case
  • Latest annual revenue changed +21.3% year over year.
  • Net margin changed +13.3 percentage points in the latest annual period.
Evidence challenging the case
  • Input and raw-material costs has repeated adverse evidence across 5 filings.
  • Labor availability and costs has repeated adverse evidence across 5 filings.
  • Foreign exchange has repeated adverse evidence across 3 filings.
Questions before a position
  • P/E is 27% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 50% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 30, 2026

115.35
6m+6.6%12m+36.4%24m+108.7%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$12.2B+6.3%$1.46-0.6%
2022-12-31$11.9B-2.5%$-0.54-0.7%
2023-12-31$11.8B-0.9%$-2.97+5.8%
2024-12-31$18.7B+58.2%$2.92+36.5%
2025-12-31$22.7B+21.3%$6.39-3.5%

What management says matters

Persistent and emerging business drivers

Input and raw-material costsnegative · 5 filings
“Costs applicable to sales per gold ounce decreased 26% primarily due to higher by-product credits and higher gold ounces sold, partially offset by a drawdown of stockpile inventory compared to a buildup in the prior year, higher government royalties, higher l…”
10-Q · Jul 23, 2026 ↗
Labor availability and costsnegative · 5 filings
“Costs applicable to sales per gold ounce decreased 26% primarily due to higher by-product credits and higher gold ounces sold, partially offset by a drawdown of stockpile inventory compared to a buildup in the prior year, higher government royalties, higher l…”
10-Q · Jul 23, 2026 ↗
Foreign exchangenegative · 3 filings
“The actual amounts that will be reclassified to earnings will vary due to future foreign currency exchange rates.”
10-K · Feb 19, 2026 ↗
Credit and interest ratesnegative · 2 filings
“Interest expense, net of capitalized interest decreased in 2025, compared to 2024, as a result of the reduction in debt which was driven by a $2 billion debt tender for the partial redemption of certain senior notes, the full redemption of certain other senio…”
10-K · Feb 19, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.6× · EV/sales 5.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

115.35-1.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 30 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NEM. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NEM. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NEM

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BBarrick Mining CorporationpartnerFeb 19, 2026 ▾

“For example, our joint ventures, including the joint venture that combined our and Barrick Mining Corporation’s (“Barrick”) respective Nevada operations, forming NGM, pursuant to the operating agreement entered into on July 1, 2019 between Barrick, Newmont an…”

HMYHarmony Gold Mining Company LimitedpartnerFeb 19, 2026 ▾

“Joint venture with Harmony Gold Mining Company Limited that is jointly operated and proportionately consolidated.”

Depended on by

SSRMSSR Mining Inc.investeeMay 5, 2026 ▾

“ACQUISITIONS AND DIVESTITURES Acquisitions Acquisition of Cripple Creek and Victor Gold Mine On February 28, 2025 (“Acquisition Date”), the Company acquired all of the issued and outstanding common shares of CC&V from Newmont Corporation (“Newmont”) in an all…”

Filing peers

CDERGLDNG

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NEM is currently a Participant in the organic co-movement group Gold. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.