Newmont Mining Corporation
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| Public | |
| Traded as | |
| Industry | Metals and Mining |
| Founded | 1921 |
| Headquarters | Greenwood Village, Colorado, USA |
| Products | Gold, copper and silver |
| Revenue |
 $9.5 billion USD (2010) |
|
Number of employees
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34,000, including contractors (2011). Most are Salaried. 3,500 industry professionals in Nevada. |
| Website | http://www.newmont.com |
Newmont Mining Corporation, based in Greenwood Village, Colorado, USA, is a mining company, founded in 1916 by William Boyce Thompson as a diversified holding company, with active gold mines in Nevada, Indonesia, Australia, New Zealand, Ghana and Peru. Holdings include Santa Fe Gold, Battle Mountain Gold, Normandy Mining, Franco-Nevada Corp and Fronteer Gold. Newmont also has many joint venture relationships. As of the third quarter of 2014, Newmont was the world's second-largest producer of gold, behind Barrick Gold.
In 2010 Newmont produced approximately 5.4 million equity ounces of gold annually, and held proven and probable reserves of about 93.5 million. Newmont employs approximately 34,000 employees and contractors worldwide. Other metals that the company mines include copper and silver.
Newmont is the only gold company in the Standard & Poor's 500 Index.
In 2016 Newmont produced 4.9 million ounces of gold and generated revenue of US$6.7 billion. All-in sustaining costs totaled $912 per ounce of gold produced.
Newmont Mining Corporation was founded in 1916 in New York by Colonel William Boyce Thompson as a holding company to invest in Worldwide mineral, oil, and related companies. According to company lore, the name "Newmont" is a portmanteau "New York" and "Montana", reflecting where Thompson made his fortune and where he grew up.
In 1929, Newmont became a mining company with its first gold product in by acquiring California's Empire Star Mine. By 1939, Newmont was operating 12 gold mines in North America.
The company acquired interests overseas. For decades around the middle of the 20th century, Newmont had a controlling interest in the Tsumeb mine in Namibia and in the O'Okiep Copper Company in Namaqualand, South Africa.
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