Newmont Mining Corp

Founded in 1916 in New York by Colonel William Boyce Thompson, Newmont Corporation is a world leader in gold mining. Known as the Newmont Company, it began its first gold investment in 1917 by investing in the Anglo American Corporation of South America. Later, it acquired some vital mines in California and by 1939 was operating twelve gold mines in the Northern American continent. At present, the company owns mines across four continents in places such as North America (Cripple Creek and Victor Gold Mine), Canada (Musselwhite mine, Porcupine mine), Mexico (Penasquito Mine), and Australia (Boddington Gold Mine) to name a few. Apart from gold, the company also engages in mining copper, silver, zinc and lead. Presently it is a leader in the materials industry mining also uranium, coal, nickel, aggregates and even oil and gas. In 1921 Newmont Company was re-incorporated as Newmont Corporation. In 2019 Newmont Corporation reported a gold mineral reserve of 100 million ounces, which happens to be the largest in its history. It is the only gold mining company that is listed on the S&P 500 index. Newmont Corporation stocks (NEM on the ticker) have been publicly traded on the New York Stock Exchange since 1940. It was the top mining company in the Fortune 2020 list of Most Admired Companies. It is also a company that actively advances qualified females in mining, according to Bloomberg’s Gender-Equality Index. Having approximately 31,600 employees worldwide, the company underwent significant restructuring from 1987. Newmont Corporation merged with Battle Mountain Gold in June 2000 and acquired Normandy Mining Limited and Franco-Nevada Mining Corporation in 2002. In 2008 it received Miramar Mining Corporation and in 2009 purchased Boddington Gold Mine entirely. Fronteer Gold Inc. was purchased in 2011 making Newmont Corporation the second-largest gold producer. In 2019 it purchased Goldcorp for 100 Billion USD. Newmont Corporation celebrated its 95th anniversary on May 2, 2019. Presently it is based in Greenwood Village Colorado shifting there from New York.