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Newmont Corporation NEM

Alternate Symbol(s):  T.NGT

Newmont Corporation is a gold company and producer of copper, zinc, lead, and silver. Its portfolio of assets, prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations is Ahafo. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. Its Ahafo mine is in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, the national capital city. The Boddington mine operates within the Saddleback greenstone belt in Western Australia. Boddington is located 16 km from the rural farming town of Boddington and 130 km from Western Australia’s capital city, Perth.


NYSE:NEM - Post by User

Post by Frozengoldwaition Jul 27, 2022 12:44am
406 Views
Post# 34852911

Dividend Disappointment

Dividend DisappointmentWith Gold prices still running  relatively high  the divend is really low.

The management is very high paid for sure.

What is going to happen when the gold price is 1200?

If the are not making  profit now, they will be making none at slightly lower gold price or higher energy costs.

At below 4 %  annual return this  is not really an investment. 

If the market cap or share price was half of what it is now that dividend would be in the right area for a succesful mining corp.

Just wondering out load.

Still waiting
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