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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 and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operation is Ahafo. Its Australian operations include Boddington, Cadia, and Tanami. 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 Shermandrock1on Dec 10, 2024 10:06am
167 Views
Post# 36354510

Yo Dutchman: Not too big, just inefficient

Yo Dutchman: Not too big, just inefficientNEM just received a wake-up call recently suggesting that they needed to examine their cost structure. I would imagine that the effects of the flattening of the executive ranks would begin to be visible in Q1 2025.  In addition, it takes time to properly assess the policies and procedures of the acquired properties. Some, no doubt, are appropriate and will be continued. Others, will be amended and enhanced so as to provide optimum benefit. Just purchase as many shares as you can while it is on sale and you will be fine in the longer run. Lastly, don't forget about the PE being at or near 12ish, the secure dividend and the buyback program. There is a lot to be happy about with NEM. 
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