Newmont Corporation

NYSE:NEM Stock Report

Market Cap: US$48.9b

Newmont Management

Management criteria checks 3/4

Newmont's CEO is Tom Palmer, appointed in Nov 2018, has a tenure of 5.08 years. total yearly compensation is $11.75M, comprised of 12.2% salary and 87.8% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth $11.16M. The average tenure of the management team and the board of directors is 1.3 years and 4.8 years respectively.

Key information

Tom Palmer

Chief executive officer

US$11.7m

Total compensation

CEO salary percentage12.2%
CEO tenure6yrs
CEO ownership0.02%
Management average tenure1.3yrs
Board average tenure4.8yrs

Recent management updates

Recent updates

Newmont Corporation's (NYSE:NEM) Popularity With Investors Under Threat As Stock Sinks 27%

Nov 15
Newmont Corporation's (NYSE:NEM) Popularity With Investors Under Threat As Stock Sinks 27%

We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt

Nov 13
We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt

Newmont: The Top Risk-Adjusted Gold Miner To Buy Today

Nov 11

Newmont: Improved Free Cash Flow Generation On The Back Of Record Gold Prices

Oct 24

5 Reasons Newmont Is Still A Buy

Sep 30

Does This Valuation Of Newmont Corporation (NYSE:NEM) Imply Investors Are Overpaying?

Sep 23
Does This Valuation Of Newmont Corporation (NYSE:NEM) Imply Investors Are Overpaying?

Newmont Corporation: Valuation Driven By Investor FOMO

Sep 06

Newmont's (NYSE:NEM) Returns On Capital Are Heading Higher

Sep 05
Newmont's (NYSE:NEM) Returns On Capital Are Heading Higher

Newmont: The 'Time Has Come' As Powell Signals Cut

Aug 26

Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing

Aug 13
Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing

Results: Newmont Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Jul 26
Results: Newmont Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Let's Preview Newmont's Q2 Earnings

Jul 23

Teck Resources And Newmont Corp: A Golden Long/Short In The Mining Space

Jul 08

2 Of My Top Gold Stocks For This Gold Bull Market: Newmont And Sandstorm

Jun 26

Newmont: Why It Could Be A Great Time To Take Profits

Jun 12

We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt

Jun 04
We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt

Newmont: Recent M&A Pushes Reserves To Record Highs

Jun 02

Newmont: Optimism Priced In (Rating Downgrade)

May 16

What Newmont Corporation's (NYSE:NEM) P/S Is Not Telling You

May 14
What Newmont Corporation's (NYSE:NEM) P/S Is Not Telling You

Newmont Is Too Cheap To Ignore

May 07

Newmont Q1 Earnings: A Solid Buy-The-Dip Candidate

Apr 25

Newmont: Why I Disagree With The Crowd

Apr 18

Calculating The Intrinsic Value Of Newmont Corporation (NYSE:NEM)

Apr 10
Calculating The Intrinsic Value Of Newmont Corporation (NYSE:NEM)

Why Newmont Stock Is A Strong Golden Pick

Apr 08

Newmont: I Am Adding This 3% Yielding Miner To My Portfolio

Mar 18

Looking For A Spark: Newmont Corporation (Technical Analysis)

Mar 08

CEO Compensation Analysis

How has Tom Palmer's remuneration changed compared to Newmont's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$1b

Jun 30 2024n/an/a

-US$2b

Mar 31 2024n/an/a

-US$3b

Dec 31 2023US$12mUS$1m

-US$3b

Sep 30 2023n/an/a

-US$839m

Jun 30 2023n/an/a

-US$778m

Mar 31 2023n/an/a

-US$552m

Dec 31 2022US$14mUS$1m

-US$459m

Sep 30 2022n/an/a

US$968m

Jun 30 2022n/an/a

US$742m

Mar 31 2022n/an/a

US$1b

Dec 31 2021US$13mUS$1m

US$1b

Sep 30 2021n/an/a

US$2b

Jun 30 2021n/an/a

US$3b

Mar 31 2021n/an/a

US$2b

Dec 31 2020US$12mUS$1m

US$3b

Sep 30 2020n/an/a

US$2b

Jun 30 2020n/an/a

US$4b

Mar 31 2020n/an/a

US$4b

Dec 31 2019US$7mUS$918k

US$3b

Sep 30 2019n/an/a

US$2b

Jun 30 2019n/an/a

-US$50m

Mar 31 2019n/an/a

US$223m

Dec 31 2018US$5mUS$779k

US$280m

Sep 30 2018n/an/a

-US$266m

Jun 30 2018n/an/a

US$108m

Mar 31 2018n/an/a

US$24m

Dec 31 2017US$6mUS$750k

-US$76m

Compensation vs Market: Tom's total compensation ($USD11.75M) is about average for companies of similar size in the US market ($USD12.73M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.

CEO

Tom Palmer (56 yo)

6yrs

Tenure

US$11,747,104

Compensation

Mr. Thomas Ronald Palmer, also known as Tom, has been Chief Executive Officer and Director of Newmont Corporation (formerly, Newmont Goldcorp Corporation) since October 1, 2019 and has been its President s...

Leadership Team

NamePositionTenureCompensationOwnership
Thomas Palmer
President6yrsUS$11.75m0.023%
$ 11.2m
Karyn Ovelmen
Executive VP & CFOno dataUS$2.48m0.0050%
$ 2.5m
Natascha Viljoen
Executive VP & Chief Operating Officerless than a yearUS$7.14m0.014%
$ 7.1m
Peter Toth
Executive VP & Chief Development Officer2.3yrsUS$3.09m0.0078%
$ 3.8m
Joshua Cage
Acting VP2.1yrsno data0.0017%
$ 846.7k
Francois Hardy
Executive VP & Chief Technology Officerless than a yearno data0.0029%
$ 1.4m
Neil Backhouse
Group Head of Investor Relationsno datano datano data
Peter Wexler
Executive VP & Chief Legal Officerless than a yearno data0.0063%
$ 3.1m
Jennifer Cmil
Executive VP & Chief People Officer5.1yrsno data0.0059%
$ 2.9m
Alwyn Pretorius
Managing Director of Papua New Guinea1.1yrsno datano data
Suzanne Retallack
Executive VP1.4yrsno data0.0035%
$ 1.7m
Jennifer Pakradooni
Head of External Communications1.1yrsno datano data

1.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: NEM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Thomas Palmer
President5.1yrsUS$11.75m0.023%
$ 11.2m
Maura Clark
Independent Director4.6yrsUS$315.00k0.0014%
$ 685.2k
Philip Aiken
Independent Directorless than a yearUS$104.87k0.0013%
$ 626.5k
Susan Story
Independent Director4.2yrsUS$315.00k0.0013%
$ 641.2k
Bruce Brook
Senior Independent Director13.1yrsUS$348.75k0.0022%
$ 1.1m
Gregory Boyce
Independent Chairman of the Board9.1yrsUS$615.00k0.0037%
$ 1.8m
Rene Medori
Independent Director6.6yrsUS$315.00k0.0022%
$ 1.1m
Julio Quintana
Independent Director9.1yrsUS$340.00k0.0037%
$ 1.8m
Emma FitzGerald
Independent Director2.9yrsUS$315.00k0.0010%
$ 509.0k
Jane Nelson
Independent Director13.1yrsUS$342.50k0.0048%
$ 2.3m
Sally-Anne Layman
Independent Directorless than a yearUS$104.87k0.00037%
$ 181.1k
Jose Madero Garza
Independent Director3.6yrsUS$315.00k0.0012%
$ 572.6k

4.8yrs

Average Tenure

64yo

Average Age

Experienced Board: NEM's board of directors are considered experienced (4.8 years average tenure).