Newmont Corporation

NYSE:NEM Stock Report

Market Cap: US$61.8b

Newmont Management

Management criteria checks 3/4

Newmont's CEO is Tom Palmer, appointed in Nov 2018, has a tenure of 6.42 years. total yearly compensation is $12.97M, comprised of 11.5% salary and 88.5% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth $6.57M. The average tenure of the management team and the board of directors is 1.3 years and 5.3 years respectively.

Key information

Tom Palmer

Chief executive officer

US$13.0m

Total compensation

CEO salary percentage11.5%
CEO tenure6.4yrs
CEO ownership0.01%
Management average tenure1.3yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

Newmont Corporation's (NYSE:NEM) 26% Share Price Surge Not Quite Adding Up

Apr 12
Newmont Corporation's (NYSE:NEM) 26% Share Price Surge Not Quite Adding Up
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Narrative update from Stjepan Kalinic

Apr 02All-Time High Gold Price Can Boost Cash FlowsGold has been surging to new all-time highs seemingly every week, passing the landmark $3,100 per ounce record. A mix of global economic uncertainty, centr

Newmont Corporation: Copper Or Gold (Technical Analysis)

Mar 24
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Narrative update from Stjepan Kalinic

Mar 06Higher Production But Lagging Cost ControlNewmont beat production targets, achieving 6.8 million ounces of gold and 150,000 tons of copper. Following the acquisition of Newcrest, the firm embarked on

Shareholders Can Be Confident That Newmont's (NYSE:NEM) Earnings Are High Quality

Mar 03
Shareholders Can Be Confident That Newmont's (NYSE:NEM) Earnings Are High Quality

Newmont: A Better Q4, But A Disappointing Outlook

Mar 03

Newmont Corporation's (NYSE:NEM) Shares May Have Run Too Fast Too Soon

Feb 20
Newmont Corporation's (NYSE:NEM) Shares May Have Run Too Fast Too Soon

Newmont: 2025 Comeback Story Is Showing Promise

Feb 07

Returns At Newmont (NYSE:NEM) Are On The Way Up

Feb 02
Returns At Newmont (NYSE:NEM) Are On The Way Up

Newmont: This Is How We Are Betting On Gold

Jan 06

Are Investors Undervaluing Newmont Corporation (NYSE:NEM) By 32%?

Dec 28
Are Investors Undervaluing Newmont Corporation (NYSE:NEM) By 32%?

Newmont: A Safe Bet For My Growth-Heavy Portfolio

Dec 26

Newmont: A Promising Turnaround Opportunity

Dec 05

Newmont: 3 Reasons For Upside After Overcorrection

Nov 29

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
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Narrative update from Stjepan Kalinic

Nov 05Some assets like Boddington and Lihir experienced reduced production due to waste stripping and lower ore grades, typical during preparation phases – as production at Lihir should climb toward 1 milli

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

CEO Compensation Analysis

How has Tom Palmer's remuneration changed compared to Newmont's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024US$13mUS$1m

US$3b

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

Compensation vs Market: Tom's total compensation ($USD12.97M) is about average for companies of similar size in the US market ($USD14.30M).

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

CEO

Tom Palmer (56 yo)

6.4yrs

Tenure

US$12,965,126

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
President6.4yrsUS$12.97m0.011%
$ 6.6m
Karyn Ovelmen
Executive VP & CFO1.9yrsUS$4.32m0.0013%
$ 778.2k
Natascha Viljoen
Executive VP & Chief Operating Officer1.1yrsUS$5.11m0%
$ 0
Peter Wexler
Executive VP & Chief Legal Officer1.1yrsUS$4.58m0%
$ 0
Peter Toth
Executive VPless than a yearUS$3.54m0.0074%
$ 4.6m
Francois Hardy
Executive VP & CTOless than a yearno data0.0034%
$ 2.1m
Luis Canepari
Group Head of Information Technologyno datano datano data
Neil Backhouse
Group Head of Investor Relationsno datano datano data
Scott Sullivan
Group Headno datano datano data
Jennifer Cmil
Executive VP & Chief People Officer5.5yrsno data0.0065%
$ 4.0m
Alwyn Pretorius
Managing Director of Papua New Guinea1.5yrsno datano data
Shelly Huff
Group Head of Taxno datano datano data

1.3yrs

Average Tenure

54yo

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
President5.5yrsUS$12.97m0.011%
$ 6.6m
Maura Clark
Independent Director5yrsUS$315.00k0%
$ 0
Philip Aiken
Independent Director1.4yrsUS$315.00k0.00071%
$ 438.5k
Susan Story
Independent Director4.6yrsUS$315.00k0%
$ 0
Bruce Brook
Senior Independent Director13.5yrsUS$350.00k0.0015%
$ 907.9k
Gregory Boyce
Independent Chairman of the Board9.5yrsUS$510.00k0%
$ 0
Rene Medori
Independent Director7yrsUS$315.00k0.00037%
$ 228.5k
Julio Quintana
Independent Director9.5yrsUS$340.00k0%
$ 0
Emma FitzGerald
Independent Director3.3yrsUS$315.00k0%
$ 0
Jane Nelson
Independent Director13.5yrsUS$344.03k0%
$ 0
Sally-Anne Layman
Independent Director1.4yrsUS$315.00k0.00037%
$ 228.5k
Jose Madero Garza
Independent Director4yrsUS$315.00k0%
$ 0

5.3yrs

Average Tenure

64yo

Average Age

Experienced Board: NEM's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/15 21:36
End of Day Share Price 2025/04/15 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

Newmont Corporation is covered by 66 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ColemanArgus Research Company
Farooq HamedBarclays
Dale KoendersBarrenjoey Markets Pty Limited