TacticScaleWhat Newmont Does & How It Makes Money (NEM)
Updated October 2026 · reflects Newmont's latest reported financials
One of the world's largest gold mining companies. It mines and processes ore, then sells the gold and other metals it produces.
How Newmont makes money
It mines and processes ore, then sells the gold and other metals it produces. Its revenue depends on how much metal it produces and on market metal prices, mainly the price of gold.
What Newmont does
Newmont Corporation is a gold producer headquartered in Denver, Colorado, and was founded in 1916. It also explores for copper, silver, lead, zinc, and other metals. Its operations and assets span the United States, Canada, Mexico, the Dominican Republic, Suriname, Ecuador, Peru, Chile, Argentina, Ghana, Australia, and Papua New Guinea. Newmont produces gold as its core business and has other metals on the side, so its results closely follow gold prices. Because its assets are spread over many countries, it is less reliant on any single mine or region. It also takes on the operating and political risks of mining in many different places.
Products & services
- Gold
- Copper
- Silver
- Lead
- Zinc
What is Newmont worth?
On an owner-earnings DCF, Newmont's most-likely value is about $70 versus a recent price near $118 (41% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$49) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →