Newmont Corporation (NEM) Bundle
An Overview of Newmont Corporation (NEM)
General Summary of Newmont Corporation
Newmont Corporation (NEM) is a global gold mining company headquartered in Denver, Colorado. Founded in 1921, the company operates gold mines across multiple continents.
| Key Company Details | 2024 Data |
|---|---|
| Headquarters | Denver, Colorado |
| Global Operational Regions | North America, South America, Australia, Africa |
| Total Employees | 14,300 |
Financial Performance
Newmont Corporation's latest financial report reveals significant performance metrics:
| Financial Metric | Amount |
|---|---|
| Annual Revenue | $12.4 billion |
| Net Income | $2.7 billion |
| Gold Production | 6.2 million ounces |
| Average Gold Price Realized | $1,940 per ounce |
Industry Leadership
Newmont Corporation stands as a leading global gold mining company with extensive international operations.
- World's largest gold mining company by market capitalization
- Operates in 4 continents
- Produces approximately 6.2 million ounces of gold annually
Mission Statement of Newmont Corporation (NEM)
Mission Statement of Newmont Corporation (NEM)
Newmont Corporation's mission statement focuses on responsible mining, sustainable development, and creating value for stakeholders.
Core Components of Mission Statement
Operational Excellence
Newmont's commitment to operational excellence includes:
- Gold production of 6.0 million ounces in 2023
- Copper production of 340 million pounds in 2023
- Total revenue of $11.5 billion in 2023
- Operating cash flow of $4.2 billion in 2023
Sustainability Performance
| Sustainability Metric | 2023 Performance |
|---|---|
| Greenhouse Gas Emissions Reduction | 20% reduction from 2018 baseline |
| Water Recycling Rate | 68% across global operations |
| Community Investment | $76.4 million in local community programs |
Safety and Workforce Development
Safety Metrics:
- Total Recordable Injury Frequency Rate: 0.74 per million hours worked
- Lost Time Injury Frequency Rate: 0.21 per million hours worked
- Workforce of 18,500 employees globally
- $62 million invested in employee training and development
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $2.1 billion |
| Free Cash Flow | $2.8 billion |
| Capital Expenditures | $1.9 billion |
Vision Statement of Newmont Corporation (NEM)
Vision Statement of Newmont Corporation (NEM)
Global Leadership in Responsible Gold MiningNewmont Corporation's vision statement reflects its commitment to being the world's leading gold mining company focused on sustainability, safety, and value creation.
Strategic Vision Components
Operational ExcellenceNewmont aims to maintain top-tier performance metrics in gold production and operational efficiency:
| Metric | 2024 Target |
|---|---|
| Annual Gold Production | 6.0 million ounces |
| All-In Sustaining Cost (AISC) | $1,050-$1,200 per ounce |
Key sustainability focus areas include:
- Carbon emissions reduction target of 32% by 2030
- Water management optimization
- Community engagement and social responsibility
Geographic distribution of operations:
| Region | Percentage of Operations |
|---|---|
| North America | 40% |
| South America | 30% |
| Australia | 20% |
| Africa | 10% |
Financial targets for 2024:
- Revenue projection: $12.5 billion
- Free cash flow target: $2.3 billion
- Return on Capital Employed (ROCE): 15-17%
Investment in mining technology and digital transformation:
| Technology Area | 2024 Investment |
|---|---|
| Autonomous Mining Equipment | $150 million |
| Digital Mining Technologies | $75 million |
Core Values of Newmont Corporation (NEM)
Core Values of Newmont Corporation (NEM) in 2024
Safety First
Newmont's safety performance in 2024 includes:
- Total Recordable Injury Frequency (TRIF): 1.54 per million hours worked
- Lost Time Injury Frequency (LTIF): 0.62 per million hours worked
| Safety Metric | 2024 Performance |
|---|---|
| Safety Training Hours | 352,000 hours |
| Safety Investment | $87.4 million |
Sustainability and Environmental Responsibility
Environmental performance metrics for 2024:
- Carbon Emissions Reduction: 22% from 2018 baseline
- Water Recycling Rate: 76%
- Renewable Energy Usage: 34% of total energy consumption
| Environmental Investment | Amount |
|---|---|
| Environmental Protection Programs | $123.6 million |
| Biodiversity Conservation | $45.2 million |
Operational Excellence
Operational performance indicators:
- Gold Production: 6.2 million ounces
- All-In Sustaining Cost (AISC): $1,050 per ounce
- Operational Efficiency Improvements: 12.3%
| Operational Metric | 2024 Value |
|---|---|
| Total Production Cost | $6.52 billion |
| Exploration Expenditure | $285.4 million |
Community Engagement and Social Responsibility
Community investment metrics:
- Local Community Investment: $89.7 million
- Local Employment Rate: 68%
- Community Development Projects: 42 active initiatives
| Social Investment Category | 2024 Allocation |
|---|---|
| Education Programs | $24.3 million |
| Healthcare Initiatives | $18.6 million |
Ethical Business Practices
Governance and compliance data:
- Compliance Training Hours: 98,000 hours
- Ethical Conduct Investigations: 67 cases resolved
- Supplier Code of Conduct Compliance: 92%
| Governance Metric | 2024 Performance |
|---|---|
| Anti-Corruption Training | $5.6 million invested |
| Transparency Reporting | Full compliance with EITI standards |
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