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Newmont Corporation (NEM) USD

At a glance: strengths & risks
✓Revenue growing (+21%)✓Profit growing (+112%)✓Margins improving (38%→61%)✓Net cash balance sheet✓Cheaper than own history (EV/EBITDA 6.2 vs avg 8.6)

Sector: Gold mining

Geography: USA, Canada, Australia, Ghana

COMM_NEM

Price chart

94.72 USDDay -1.08%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
94.72 USD · -1.08%
Market cap
103.2 bn USD

Growth

Δ revenue y/y
45.8%
Δ EBITDA y/y
70.2%

Multiples

P/E (LTM)
12.2x
3y avg: 17.0x
P/B (FY)
3.0x
P/E (ann.)
7.9x
EV/EBITDA (LTM)
6.2x
3y avg: 8.6x
EV/EBITDA (ann.)
4.8x

Cash return

Dividend yield
1.1%
FCF yield (LTM)
11.0%

Value creation

to target market cap (spot commodity model)
Upside (potential)
+12.1%
↓ details

Liquidity

Daily turnover (listing)
680.1 mln USD

Shares: yahoo_fundamentals_timeseries/NEM

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK7.3
y/y 45.8%
4.6
y/y 85.5%
0.6
y/y 6.6%
5.2
y/y 70.2%
3.3
y/y 72.5%
3.8-0.657.7
y/y 3.9%
34.9
y/y 11.8%
37.9%-3.7Link
2025-12-31Q4 2025 (3M)OK6.8
y/y 20.6%
3.2
y/y 58.0%
0.7
y/y -3.5%
3.9
y/y 42.6%
1.3
y/y -7.3%
3.6-0.857.1
y/y 1.4%
33.9
y/y 13.2%
21.1%-3.1Link
2025-09-30Q3 2025 (3M)OK5.5
y/y 20.0%
2.5
y/y 136.7%
0.6
y/y 1.9%
3.1
y/y 86.4%
1.8
y/y 98.7%
2.3-0.754.7
y/y -2.6%
33.2
y/y 11.8%
7.5%-0.8Link
2025-06-30Q2 2025 (3M)OK5.3
y/y 20.8%
3.1
y/y 201.0%
0.6
y/y 3.0%
3.7
y/y 128.2%
2.1
y/y 141.6%
2.4-0.755.2
y/y -0.9%
32.1
y/y 9.3%
26.0%0.5Link
2025-03-31Q1 2025 (3M)OK5.0
y/y 24.5%
2.5
y/y 477.3%
0.6
y/y -9.3%
3.1
y/y 183.2%
1.9
y/y 1012.4%
2.0-0.855.5
y/y 0.3%
31.2
y/y 8.2%
24.7%2.8Link
2024-12-31Q4 2024 (3M)OK5.7
y/y 42.8%
2.1
y/y 166.2%
0.7
y/y 1.2%
2.7
y/y 213.3%
1.4
y/y 144.4%
2.5-0.956.3
y/y 1.5%
29.9
y/y 3.1%
11.2%4.8Link
2024-09-30Q3 2024 (3M)OK4.6
y/y 84.7%
1.1
y/y 356.5%
0.6
y/y 31.5%
1.7
y/y 137.4%
0.9
y/y 483.5%
1.6-0.956.2
y/y 47.5%
29.7
y/y 55.8%
4.2%5.5Link
2024-06-30Q2 2024 (3M)OK4.4
y/y 64.1%
1.0
y/y 245.3%
0.6
y/y 23.9%
1.6
y/y 108.4%
0.9
y/y 450.3%
1.4-0.855.7
y/y 46.0%
29.4
y/y 52.8%
11.7%6.0Link
2024-03-31Q1 2024 (3M)OK4.0
y/y 50.2%
0.4
y/y -20.6%
0.7
y/y 41.9%
1.1
y/y 8.2%
0.2
y/y -51.6%
0.8-0.855.3
y/y 44.2%
28.9
y/y 49.1%
2.3%6.6Link
2023-12-31Q4 2023 (3M)OK4.0
y/y —
-3.1
y/y —
0.7
y/y —
-2.4
y/y —
-3.2
y/y —
0.6-0.955.5
y/y —
29.0
y/y —
-10.4%5.8Link
2023-09-30Q3 2023 (3M)OK2.5
y/y —
0.2
y/y —
0.5
y/y —
0.7
y/y —
0.2
y/y —
1.0-0.638.1
y/y —
19.1
y/y —
1.1%2.4Link
2023-06-30Q2 2023 (3M)OK2.7
y/y —
0.3
y/y —
0.5
y/y —
0.8
y/y —
0.2
y/y —
0.7-0.638.1
y/y —
19.2
y/y —
3.2%2.3Link
2023-03-31Q1 2023 (3M)OK2.7
y/y —
0.5
y/y —
0.5
y/y —
1.0
y/y —
0.4
y/y —
0.5-0.538.4
y/y —
19.4
y/y —
—2.1Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-4 000-2 00002 0004 0006 0008 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

0%50%100%150%200%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-1 00001 0002 0003 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-5 000-2 50002 5005 0007 5002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Gold

Proved reserves
158 mln ounces
2021
Reserve life (R/P)
40.6 yrs
reserves ÷ annual output
Annual production
3.89 mln ounces
2025

Production, mln ounces

1.5020205.2420215.2820224.4420236.0720243.892025

Proved reserves

YearReserves, mln ounces
2021158
2020159

Production

YearProduction, mln ouncesper day
20253.89
−35.8%		10 663
20246.07
+36.6%		16 619
20234.44
−15.9%		12 170
20225.28
+0.8%		14 463
20215.2414 342
20201.50 * (3M)16 427

* partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — Gold

Current 4 050spot vs LTM -5%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +12.1% ▼ -1.7 pp 1d

Main driver: Gold -5% vs LTM; revenue ×0.96 vs costs ×1.13; EBITDA 16 678→12 291; at 9.1× EV/EBITDA → +12%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $vs LTM, AUD3y vs LTM
Gold (rev)+93%4 050.274 246.023 189.61-5%-12%-25%
US Diesel Index (EIA) (cost)-15%5.134.224.10+22%+12%-3%
Electricity Spot (cost)-10%57.8058.5652.39-1%-9%-11%
Silver (rev)+3%57.6462.8341.56-8%-16%-34%
Copper (rev)+2%13 996.9012 244.6610 743.46+14%+5%-12%
Zinc (rev)+1%3 585.853 150.692 974.57+14%+5%-6%
Lead (rev)+1%1 900.231 989.582 108.55-4%-12%+6%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue24 966
LTM EBITDA16 678
LTM cash costs (revenue − EBITDA)8 288
2 · Revenue projection
Revenue multiplier — spot×0.960 (-4%)
= Spot revenue23 961
Revenue multiplier — 3y price×0.757 (-24%)
= 3-year-price revenue18 901
3 · Costs projection
Cost multiplier — spot×1.132 (+13%)
= Spot cash costs9 382
Cost multiplier — 3y price×1.074 (+7%)
= 3-year-price cash costs8 898
4 · EBITDA projection (revenue − costs)
= Spot EBITDA14 579
= 3-year-price EBITDA10 003
Conservative EBITDA = min(spot, avg)12 291
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)9.1x
Target EV = EV/EBITDA × conservative EBITDA111 726
Net debt-3 953
Target market cap = EV − net debt115 679
Current market cap103 150

Upside = target market cap ÷ current − 1 = +12.1%

Life of mine: 23 yrs

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2024 Q14 0233 138+28.2%1 082251+331.2%
2024 Q24 4023 857+14.1%1 638644+154.4%
2024 Q34 6054 411+4.4%1 6901 076+57.1%
2024 Q45 6525 065+11.6%2 7271 410+93.3%
2025 Q15 0105 535-9.5%3 0642 612+17.3%
2025 Q25 3176 170-13.8%3 7383 282+13.9%
2025 Q35 5246 270-11.9%3 1503 573-11.8%
2025 Q46 8187 250-6.0%4 5754 713-2.9%
2026 Q17 3078 006-8.7%5 2155 665-7.9%

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +21% vs +58% the year before — a -36.8 pp move. 3-year CAGR —.
revenue growth by year: 2024 +58% · 2025 +21%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 3.2x · target 75th pct (3y) 9.1x · LTM avg 6.9x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-270.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2026-03-030.26 USDEx-dividend: 0.26 USD per sharePaidYahoo Finance (ex-div)
2025-11-260.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2025-09-040.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2025-05-270.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2025-03-040.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2024-11-270.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2024-09-050.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2024-06-040.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2024-03-040.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2023-11-290.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-09-060.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-05-310.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-03-080.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2022-12-070.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2022-09-070.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2022-06-010.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2022-03-090.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2021-12-080.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2021-09-080.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Newmont Corporation (NEM) — from primary filings.

Newmont Corporation is a gold mining company that also explores for copper, silver, lead, and zinc. It operates mines and projects across multiple countries, including the United States, Australia, and Ghana.

Frequently asked questions

What is Newmont Corporation (NEM)'s P/E ratio?
Newmont Corporation (NEM) trades at a P/E of 12.2x (price to trailing 12-month earnings).
What is Newmont Corporation (NEM)'s EV/EBITDA?
Newmont Corporation (NEM) trades at 6.2x EV/EBITDA.
What is Newmont Corporation (NEM)'s P/B ratio?
Newmont Corporation (NEM) trades at a P/B of 3.0x.
What is Newmont Corporation (NEM)'s dividend yield?
Newmont Corporation (NEM)'s trailing 12-month dividend yield is 1.1%.
What is Newmont Corporation (NEM)'s return on equity (ROE)?
Newmont Corporation (NEM)'s ROE is 37.8%.
What is Newmont Corporation (NEM)'s market capitalization?
Newmont Corporation (NEM)'s market cap is 103.2 bn USD.