Cara Community GSM: Newmont Corp 11-2020

Newmont Corporation (NYSE: NEM) (TSX: NGT) reviewed 11-10-2020

(All figures in USD)

Market Cap:       $52.12 Billion     Share Price:        $64.89

Shares outstanding: 803,000,000

Cash and cash equivalents: $4.83 Billion as of 30 Sept 2020

Total Debt: $6.030 Billion              Net debt: $1.849 Billion

Current operations: Yes

Insider holdings: Nil                         Institutional:  1500 institutions own about 85%


CEO: Tom Palmer                             HQs: Colorado, US

Newmont is a Large-Cap Major gold producer with operations and/or assets in the US, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana

Newmont is the #1 gold producer worldwide with an Annual production profile of 6-7 Million oz

The company reported Q3 earnings of $0.86 per diluted share on revenues of $3.17 Billion

Cash from operations was reported at $1.6 Billion

Free cash flow was a record $1.3 Billion in the quarter

AISCs are consolidated across all regions at $1015-1020 per oz in 2020

Newmont pays a dividend of $1.60 yielding 2.42%

Bottom line:

  • Some ask why to buy the ETF GDX, which holds some losers, and pay a management fee when you can just as easily buy NEM and GOLD, which are hugely successful

Cara Community GSM: Kirkland Lake Gold 11-2020

Like to give your opinion? Join our Community Discussion