Newmont Management
Management criteria checks 3/4
Newmont's CEO is Tom Palmer, appointed in Nov 2018, has a tenure of 6.08 years. total yearly compensation is $11.75M, comprised of 12.2% salary and 87.8% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth $9.40M. The average tenure of the management team and the board of directors is 1 years and 4.9 years respectively.
Key information
Tom Palmer
Chief executive officer
US$11.7m
Total compensation
| CEO salary percentage | 12.2% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
Newmont: A Promising Turnaround Opportunity
Dec 05Newmont: 3 Reasons For Upside After Overcorrection
Nov 29Newmont Corporation's (NYSE:NEM) Popularity With Investors Under Threat As Stock Sinks 27%
Nov 15
We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Nov 13Newmont: The Top Risk-Adjusted Gold Miner To Buy Today
Nov 11Newmont: Improved Free Cash Flow Generation On The Back Of Record Gold Prices
Oct 245 Reasons Newmont Is Still A Buy
Sep 30Does This Valuation Of Newmont Corporation (NYSE:NEM) Imply Investors Are Overpaying?
Sep 23Newmont Corporation: Valuation Driven By Investor FOMO
Sep 06Newmont's (NYSE:NEM) Returns On Capital Are Heading Higher
Sep 05Newmont: The 'Time Has Come' As Powell Signals Cut
Aug 26Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing
Aug 13Results: Newmont Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Jul 26Let's Preview Newmont's Q2 Earnings
Jul 23Teck Resources And Newmont Corp: A Golden Long/Short In The Mining Space
Jul 082 Of My Top Gold Stocks For This Gold Bull Market: Newmont And Sandstorm
Jun 26Newmont: Why It Could Be A Great Time To Take Profits
Jun 12We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Jun 04Newmont: Recent M&A Pushes Reserves To Record Highs
Jun 02Newmont: Optimism Priced In (Rating Downgrade)
May 16What Newmont Corporation's (NYSE:NEM) P/S Is Not Telling You
May 14Newmont Is Too Cheap To Ignore
May 07Newmont Q1 Earnings: A Solid Buy-The-Dip Candidate
Apr 25Newmont: Why I Disagree With The Crowd
Apr 18Calculating The Intrinsic Value Of Newmont Corporation (NYSE:NEM)
Apr 10Why Newmont Stock Is A Strong Golden Pick
Apr 08Newmont: I Am Adding This 3% Yielding Miner To My Portfolio
Mar 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$1b |
| Jun 30 2024 | n/a | n/a | -US$2b |
| Mar 31 2024 | n/a | n/a | -US$3b |
| Dec 31 2023 | US$12m | US$1m | -US$3b |
| Sep 30 2023 | n/a | n/a | -US$839m |
| Jun 30 2023 | n/a | n/a | -US$778m |
| Mar 31 2023 | n/a | n/a | -US$552m |
| Dec 31 2022 | US$14m | US$1m | -US$459m |
| Sep 30 2022 | n/a | n/a | US$968m |
| Jun 30 2022 | n/a | n/a | US$742m |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$13m | US$1m | US$1b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$12m | US$1m | US$3b |
| Sep 30 2020 | n/a | n/a | US$2b |
| Jun 30 2020 | n/a | n/a | US$4b |
| Mar 31 2020 | n/a | n/a | US$4b |
| Dec 31 2019 | US$7m | US$918k | US$3b |
| Sep 30 2019 | n/a | n/a | US$2b |
| Jun 30 2019 | n/a | n/a | -US$50m |
| Mar 31 2019 | n/a | n/a | US$223m |
| Dec 31 2018 | US$5m | US$779k | US$280m |
| Sep 30 2018 | n/a | n/a | -US$266m |
| Jun 30 2018 | n/a | n/a | US$108m |
| Mar 31 2018 | n/a | n/a | US$24m |
| Dec 31 2017 | US$6m | US$750k | -US$76m |
Compensation vs Market: Tom's total compensation ($USD11.75M) is about average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
CEO
Tom Palmer (56 yo)
6.1yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$11.75m | 0.022% $ 9.4m | |
| Executive VP & CFO | no data | US$2.48m | 0.0050% $ 2.2m | |
| Executive VP & Chief Operating Officer | less than a year | US$7.14m | 0.014% $ 5.9m | |
| Chief Accounting Officer & Group Head of Finance | no data | US$1.45m | 0.0033% $ 1.4m | |
| Executive VP & Chief Development Officer | 2.4yrs | US$3.09m | 0.0076% $ 3.3m | |
| Executive VP & Chief Technology Officer | less than a year | no data | 0.0029% $ 1.3m | |
| Group Head of Investor Relations | no data | no data | no data | |
| Executive VP & Chief Legal Officer | less than a year | no data | 0.0063% $ 2.7m | |
| Executive VP & Chief People Officer | 5.2yrs | no data | 0.0059% $ 2.6m | |
| Managing Director of Papua New Guinea | 1.2yrs | no data | no data | |
| Executive VP | 1.5yrs | no data | 0.0035% $ 1.5m | |
| Head of Investor Relations Australia | less than a year | no data | no data |
1.0yrs
Average Tenure
53.5yo
Average Age
Experienced Management: NEM's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$11.75m | 0.022% $ 9.4m | |
| Independent Director | 4.7yrs | US$315.00k | 0.0014% $ 607.4k | |
| Independent Director | 1.1yrs | US$104.87k | 0.0013% $ 555.4k | |
| Independent Director | 4.3yrs | US$315.00k | 0.0013% $ 568.4k | |
| Senior Independent Director | 13.2yrs | US$348.75k | 0.0022% $ 954.6k | |
| Independent Chairman of the Board | 9.2yrs | US$615.00k | 0.0037% $ 1.6m | |
| Independent Director | 6.7yrs | US$315.00k | 0.0022% $ 937.2k | |
| Independent Director | 9.2yrs | US$340.00k | 0.0037% $ 1.6m | |
| Independent Director | 3yrs | US$315.00k | 0.0010% $ 451.2k | |
| Independent Director | 13.2yrs | US$342.50k | 0.0048% $ 2.1m | |
| Independent Director | 1.1yrs | US$104.87k | 0.00037% $ 160.5k | |
| Independent Director | 3.7yrs | US$315.00k | 0.0012% $ 507.7k |
4.9yrs
Average Tenure
64yo
Average Age
Experienced Board: NEM's board of directors are considered experienced (4.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Newmont Corporation is covered by 63 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Coleman | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Farooq Hamed | Barclays |