AllAnalyst Report
logoMorningstarOctober 29, 2020

Newmont Corporation: Newmont’s Solid Q3 Puts It on Track to Hit Full-Year Guidance, but Lofty Gold Price Limits Upside

Symbols
NEM
Sector(s)
Basic Materials
Rating
Premium
Current Price
$56.87
Fair Value
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Economic Moat
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Stewardship
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Summary

Newmont is the world's largest gold producer. In 2019, the company produced 6.3 million attributable ounces of gold and 624 million attributable gold equivalent ounces from the sale of byproducts. On a long-term basis, the company expects to produce 6.2 to 6.7 million ounces of annual gold production while driving all-in sustaining costs down to $800 per $900 per ounce. In comparison, 2019 AISC was $966 per ounce.

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