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Newmont Mining Gears Up for Growth

Annie Gilroy
Newmont Mining Gears Up for Growth

As we’ve discussed previously in this series, Newmont Mining (NEM), along with Barrick Gold (ABX) and Kinross Gold (KGC), saw its debt rise at the peak of the cycle due to expensive acquisitions. These companies are now focusing on steadily paying off their debt. Newmont has reduced its net debt by 83% since 2013. The company’s current priority is to maintain an investment-grade balance sheet and credit rating.