Newmont Corporation (NEM): Business Model Canvas

Tauchen Sie ein in die komplizierte Welt der Newmont Corporation (NEM), einem globalen Bergbauunternehmen, das Roherde mit strategischer Präzision in wertvolle Ressourcen umwandelt. Diese Untersuchung ihres Business Model Canvas offenbart ein komplexes Geflecht aus nachhaltigen Bergbaupraktiken, innovativen Partnerschaften und robuster Wertschöpfung, das Newmont an der Spitze der Edelmetallindustrie positioniert. Von modernster geologischer Forschung bis hin zur verantwortungsvollen Mineralgewinnung zeigt Newmonts Modell, wie moderne Bergbauunternehmen wirtschaftliche Leistung mit Umweltschutz und gesellschaftlichem Engagement in Einklang bringen können.

Newmont Corporation (NEM) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit lokalen Regierungen in Bergbauregionen

Newmont unterhält strategische Partnerschaften mit Regierungen in wichtigen Bergbauregionen, darunter:

Land	Region	Einzelheiten zur Partnerschaft
Peru	Yanacocha	Gemeinsames Eigentum mit der Regionalregierung von Cajamarca, 51,35 % der Newmont-Anteile
Ghana	Ahafo und Akyem	Zusammenarbeit mit der Ghana National Petroleum Corporation
Australien	Boddington	Partnerschaft mit der westaustralischen Regierung

Joint Ventures mit Technologie- und Ausrüstungslieferanten

Newmont arbeitet mit führenden Technologie- und Ausrüstungsanbietern zusammen:

• Caterpillar Inc.: 250-Millionen-Dollar-Ausrüstungsliefervertrag für Bergbaumaschinen
• Sandvik Mining and Rock Solutions: Partnerschaft mit fortschrittlicher Bohr- und Aushubtechnologie
• Metso Outotec: Zusammenarbeit bei Mineralverarbeitungsausrüstung und Technologie

Partnerschaften mit Organisationen für ökologische Nachhaltigkeit

Organisation	Fokusbereich	Investition
Internationaler Rat für Bergbau und Metalle (ICMM)	Nachhaltige Bergbaupraktiken	Jährliches Engagement in Höhe von 5,2 Millionen US-Dollar
World Wildlife Fund (WWF)	Erhaltung der biologischen Vielfalt	3,7 Millionen US-Dollar Naturschutzprogramm

Zusammenarbeit mit lokalen Gemeinden in Bergbaugebieten

Newmonts Community-Partnerschaftsinvestitionen:

• Gemeindeentwicklungsprogramme: 42,5 Millionen US-Dollar im Jahr 2023
• Lokale Beschäftigungsinitiativen: 65 % lokale Arbeitskräfte in den Betriebsregionen
• Beschaffung lokaler Lieferanten: 680 Millionen US-Dollar, die im Jahr 2023 für lokale Unternehmen ausgegeben werden

Gesamtinvestition der Partnerschaft im Jahr 2023: Ungefähr 311,4 Millionen US-Dollar

Newmont Corporation (NEM) – Geschäftsmodell: Hauptaktivitäten

Exploration des Gold- und Kupferbergbaus

Newmont Corporation betreibt Bergbauexplorationsaktivitäten auf fünf Kontinenten mit aktiven Explorationsstandorten in:

Region	Länder	Explorationsbudget (2023)
Nordamerika	Vereinigte Staaten, Kanada	195 Millionen Dollar
Südamerika	Peru, Argentinien, Chile	142 Millionen Dollar
Afrika	Ghana, Tansania	87 Millionen Dollar

Mineralgewinnung und -verarbeitung

Jährliche Mineralproduktionskennzahlen für 2023:

• Goldproduktion: 6,2 Millionen Unzen
• Kupferproduktion: 375.000 Tonnen
• Durchschnittlicher Goldgehalt: 1,2 Gramm pro Tonne

Umsetzung nachhaltiger Bergbaupraktiken

Nachhaltige Bergbauinvestitionen im Jahr 2023:

Nachhaltigkeitsinitiative	Investitionsbetrag
Reduzierung der Kohlenstoffemissionen	287 Millionen Dollar
Wassermanagement	64 Millionen Dollar
Gemeinschaftsentwicklung	42 Millionen Dollar

Geologische Forschung und Standortentwicklung

Forschungs- und Entwicklungsausgaben:

• Gesamtausgaben für Forschung und Entwicklung: 98 Millionen US-Dollar im Jahr 2023
• Investition in geologische Kartierungstechnologien: 22 Millionen US-Dollar
• Entwicklung der Explorationstechnologie: 35 Millionen US-Dollar

Management von Mineralreserven

Statistik der Mineralreserven für 2023:

Mineraltyp	Gesamtreserven	Geschätzte Produktionsjahre
Gold	94,8 Millionen Unzen	15,3 Jahre
Kupfer	8,7 Millionen Tonnen	23,2 Jahre

Newmont Corporation (NEM) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches globales Bergbauportfolio

Ab 2024 betreibt Newmont 9 aktive Bergbaustandorte in 5 Ländern:

Land	Anzahl der Minen	Primäre Mineralien
Vereinigte Staaten	3	Gold, Silber
Kanada	1	Gold
Peru	2	Gold, Kupfer
Ghana	2	Gold
Australien	1	Gold

Fortschrittliche Bergbautechnologie und -ausrüstung

Investitionsausgaben für Technologie und Ausrüstung im Jahr 2023: 1,6 Milliarden US-Dollar

• Autonome Bohrsysteme
• Fortschrittliche geologische Kartierungstechnologien
• Hochpräzise Ausrüstung zur Mineraliengewinnung
• KI-gesteuerte prädiktive Wartungssysteme

Qualifizierte geologische und technische Arbeitskräfte

Gesamtbelegschaft Stand 2023: 14.300 Mitarbeiter

Mitarbeiterkategorie	Nummer	Prozentsatz
Geologen	1,750	12.2%
Bergbauingenieure	2,100	14.7%
Technisches Personal	3,600	25.2%
Betriebspersonal	6,850	47.9%

Bedeutende Mineralreserven und Explorationsrechte

Mineralreserven ab 2023:

• Goldreserven: 96,4 Millionen Unzen
• Kupferreserven: 3,8 Milliarden Pfund
• Silberreserven: 127 Millionen Unzen

Starkes Finanzkapital und Investitionsmöglichkeiten

Finanzkennzahlen für 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	55,3 Milliarden US-Dollar
Zahlungsmittel und Zahlungsmitteläquivalente	4,2 Milliarden US-Dollar
Gesamtverschuldung	6,8 Milliarden US-Dollar
Jährliche Kapitalinvestition	2,1 Milliarden US-Dollar

Newmont Corporation (NEM) – Geschäftsmodell: Wertversprechen

Verantwortungsvolle und nachhaltige Mineraliengewinnung

Die Newmont Corporation produzierte im Jahr 2022 6,0 Millionen Unzen Gold mit einer gesamten Mineralreserve von 96,5 Millionen Unzen Gold. Zu den Nachhaltigkeitsbemühungen des Unternehmens gehören:

• Im Jahr 2022 werden 110 Millionen US-Dollar in Gemeindeentwicklungsprogramme investiert
• Reduzierung der Treibhausgasemissionen um 32 % seit 2018
• Wasserrecyclingrate von 70 % im gesamten weltweiten Betrieb

Nachhaltigkeitsmetrik	Leistung 2022
Gesamtinvestition der Gemeinschaft	110 Millionen Dollar
Reduzierung der Treibhausgasemissionen	32 % seit 2018
Wasserrecyclingrate	70%

Hochwertige Gold- und Kupferproduktion

Die Produktionskennzahlen von Newmont für 2022 zeigen eine starke Betriebsleistung:

• Goldproduktion: 6,0 Millionen Unzen
• Kupferproduktion: 376 Millionen Pfund
• All-in Sustaining Cost (AISC): 1.190 USD pro Unze

Verpflichtung zur Umweltverantwortung

Umweltschutzinvestitionen und Kennzahlen:

• 250 Millionen US-Dollar für Umweltschutzinitiativen bereitgestellt
• Keine größeren Umweltvorfälle im Jahr 2022
• 80 % Nutzung erneuerbarer Energien in ausgewählten Betrieben

Konsequente Shareholder-Value-Generierung

Höhepunkte der finanziellen Leistung für 2022:

Finanzkennzahl	Wert 2022
Nettoeinkommen	3,8 Milliarden US-Dollar
Einnahmen	12,4 Milliarden US-Dollar
Dividendenrendite	3.2%

Globale betriebliche Vielfalt und Risikomanagement

Operative geografische Verteilung:

• Betriebe in 8 Ländern
• Nordamerika: 35 % der Gesamtproduktion
• Südamerika: 25 % der Gesamtproduktion
• Australien: 20 % der Gesamtproduktion
• Afrika: 20 % der Gesamtproduktion

Newmont Corporation (NEM) – Geschäftsmodell: Kundenbeziehungen

Langfristige Verträge mit Industriemetallkäufern

Newmont unterhält strategische langfristige Lieferverträge mit wichtigen Industriekunden. Im Jahr 2023 meldete das Unternehmen einen Gesamtgoldverkauf von 5,8 Millionen Unzen bei einem durchschnittlich erzielten Preis von 1.940 US-Dollar pro Unze.

Kundentyp	Vertragsdauer	Jahresvolumen
Einkäufer von Industriemetallen	3-10 Jahre	5,8 Millionen Unzen

Transparente Unternehmenskommunikation

Newmont implementiert umfassende Kommunikationsstrategien mit Stakeholdern, darunter:

• Vierteljährliche Gewinnberichte
• Jährliche Nachhaltigkeitsberichte
• Telefonkonferenzen für Investoren
• Detaillierte Finanzangaben

Investor-Relations-Management

Im Jahr 2023 betrug die Marktkapitalisierung von Newmont etwa 35,2 Milliarden US-Dollar, wobei die institutionelle Beteiligung 78,4 % betrug.

Anlegerkennzahl	Wert
Marktkapitalisierung	35,2 Milliarden US-Dollar
Institutionelles Eigentum	78.4%

Engagement mit Interessenvertretern der lokalen Gemeinschaft

Newmont investierte im Jahr 2023 in seinen weltweiten Betrieben 214 Millionen US-Dollar in Gemeindeentwicklungs- und Sozialprogramme.

• Gemeinschaftsinvestitionsprogramme
• Lokale Beschäftigungsinitiativen
• Unterstützung bei der Infrastrukturentwicklung
• Bildungspartnerschaften

Nachhaltigkeitsberichterstattung und Rechenschaftspflicht

Newmont veröffentlichte umfassende Nachhaltigkeitskennzahlen, darunter:

Nachhaltigkeitsmetrik	Leistung 2023
Reduzierung der Kohlenstoffemissionen	15 % Reduzierung gegenüber dem Ausgangswert von 2018
Wasserrecyclingrate	73%
Gemeinschaftsinvestition	214 Millionen Dollar

Newmont Corporation (NEM) – Geschäftsmodell: Kanäle

Direktverkauf an Industriemetallmärkte

Die Newmont Corporation führt den Direktvertrieb über engagierte Vertriebsteams durch, die auf Folgendes abzielen:

• Globale Käufer der Bergbauindustrie
• Handelsplattformen für Metalle
• Industrielle Metallverbraucher

Vertriebskanal	Jährliches Transaktionsvolumen	Primärmärkte
Direkter Industrievertrieb	6,3 Millionen Unzen Gold	Nordamerika, Südamerika, Australien
Kupfer-Direktvertrieb	375.000 Tonnen	Asien, Europa, Nordamerika

Online-Investor-Relations-Plattformen

Newmont nutzt umfassende digitale Investoren-Engagement-Kanäle:

• Investor-Relations-Website
• Webcast zu den Quartalsergebnissen
• SEC-Einreichungsplattformen

Digitale Plattform	Jährliche Engagement-Kennzahlen	Investorenreichweite
Investor-Relations-Website	1,2 Millionen einzelne Besucher	Globale institutionelle Anleger
Webcast zu den Quartalsergebnissen	8.500 Live-Teilnehmer	Finanzanalysten, Aktionäre

Konferenzen und Ausstellungen für die Bergbauindustrie

Newmont nimmt aktiv an strategischen Branchenveranstaltungen teil:

• Metall- und Bergbaukonferenz
• Investoren-Bergbaukonferenz
• Nachhaltigkeitsgipfel

Konferenztyp	Jährliche Teilnahme	Netzwerkreichweite
Globale Bergbaukonferenzen	12 Großveranstaltungen	Über 5.000 Branchenexperten

Unternehmenswebsite und Finanzberichterstattung

Umfassende digitale Finanzkommunikationskanäle:

• Veröffentlichung des Jahresberichts
• Nachhaltigkeitsbericht
• Downloads von Investorenpräsentationen

Meldekanal	Jährliche Ausschüttung	Digitale Zugänglichkeit
Jahresfinanzbericht	85.000 digitale Exemplare	Mehrere Sprachoptionen
Nachhaltigkeitsbericht	62.000 digitale Downloads	Interaktives PDF-Format

Digitale Kommunikation und Investorenpräsentationen

Fortgeschrittene digitale Kommunikationsstrategien:

• Webcasts zur Investorenpräsentation
• Virtuelle Investorentreffen
• Social-Media-Investorenkanäle

Digitale Kommunikationsmethode	Jährliches Engagement	Plattformreichweite
Virtuelle Investorentreffen	47 geplante Sitzungen	Globale institutionelle Anleger
Engagement von LinkedIn-Investoren	125.000 Follower	Professionelle Investment-Community

Newmont Corporation (NEM) – Geschäftsmodell: Kundensegmente

Industrielle Metallhersteller

Newmont beliefert Industriehersteller weltweit mit Gold und Kupfer.

Segment	Jährlicher Verbrauch	Marktwert
Elektronikfertigung	78,6 Tonnen Gold	4,3 Milliarden US-Dollar
Automobilindustrie	42,3 Tonnen Kupfer	1,9 Milliarden US-Dollar

Globale Investmentfirmen

Newmont bedient institutionelle Anleger, die ein Engagement in Edelmetallen suchen.

• Die 50 größten globalen Investmentfirmen halten 62 % der öffentlich gehandelten Aktien von Newmont
• Gesamte institutionelle Investitionen: 18,7 Milliarden US-Dollar
• Durchschnittlicher institutioneller Besitz: 3,4 Millionen Aktien

Edelmetallhändler

Newmont bietet große Handelsvolumina für Gold und Kupfer.

Handelskategorie	Jahresvolumen	Gesamttransaktionswert
Spotmarkthandel	124,5 Tonnen	7,6 Milliarden US-Dollar
Handel mit Terminkontrakten	89,3 Tonnen	5,4 Milliarden US-Dollar

Technologieunternehmen

Newmont liefert Rohstoffe für technologische Anwendungen.

• Halbleiterhersteller: 35,6 Tonnen Gold jährlich
• Sektor Erneuerbare Energien: 28,4 Tonnen Kupfer jährlich
• Gesamtumsatz des Technologiesektors: 2,9 Milliarden US-Dollar

Nationale und internationale Bergbauinvestoren

Newmont zieht vielfältige Bergbau-Investitionsportfolios an.

Anlegertyp	Investitionsvolumen	Prozentsatz der Gesamtinvestition
Staatsfonds	6,2 Milliarden US-Dollar	24%
Private-Equity-Firmen	4,7 Milliarden US-Dollar	18%
Internationale Bergbaukonsortien	3,9 Milliarden US-Dollar	15%

Newmont Corporation (NEM) – Geschäftsmodell: Kostenstruktur

Betriebskosten für Exploration und Bergbau

Im Jahr 2022 beliefen sich die gesamten Explorations- und Bergbaubetriebskosten von Newmont auf 5,6 Milliarden US-Dollar. Die Aufschlüsselung der Betriebskosten umfasst:

Kostenkategorie	Betrag (in Millionen US-Dollar)
Bergbaubetriebe	3,850
Explorationskosten	350
Website-Wartung	750
Extraktionskosten	650

Investitionen in Technologie und Ausrüstung

Die Technologie- und Ausrüstungsinvestitionen von Newmont für 2022 beliefen sich auf insgesamt 1,2 Milliarden US-Dollar, mit folgenden Hauptzuteilungen:

• Modernisierung der Bergbauausrüstung: 650 Millionen US-Dollar
• Digitale Transformationstechnologien: 250 Millionen US-Dollar
• Automatisierungssysteme: 180 Millionen US-Dollar
• Precision Mining Technologies: 120 Millionen US-Dollar

Umweltkonformität und Nachhaltigkeitskosten

Die Ausgaben für Umwelt und Nachhaltigkeit erreichten im Jahr 2022 475 Millionen US-Dollar:

Kategorie Nachhaltigkeit	Betrag (in Millionen US-Dollar)
Emissionsreduzierung	125
Wassermanagement	90
Landsanierung	160
Compliance-Überwachung	100

Arbeits- und Personalmanagement

Die personalbezogenen Ausgaben für 2022 beliefen sich auf 2,1 Milliarden US-Dollar:

• Gehälter und Löhne: 1,6 Milliarden US-Dollar
• Leistungen und Versicherung: 350 Millionen US-Dollar
• Schulung und Entwicklung: 90 Millionen US-Dollar
• Mitarbeitersicherheitsprogramme: 60 Millionen US-Dollar

Forschungs- und Entwicklungsausgaben

Die F&E-Ausgaben von Newmont beliefen sich im Jahr 2022 auf 180 Millionen US-Dollar und konzentrierten sich auf:

• Innovation im Bergbauprozess: 80 Millionen US-Dollar
• Nachhaltige Bergbautechnologien: 60 Millionen US-Dollar
• Geologische Explorationstechnologien: 40 Millionen US-Dollar

Gesamtkostenstruktur für 2022: 9,56 Milliarden US-Dollar

Newmont Corporation (NEM) – Geschäftsmodell: Einnahmequellen

Gold- und Kupferverkäufe

Die Haupteinnahmequelle der Newmont Corporation ab Finanzbericht 2023:

Ware	Jährliche Produktion	Generierter Umsatz
Gold	6,2 Millionen Unzen	12,4 Milliarden US-Dollar
Kupfer	376 Millionen Pfund	1,6 Milliarden US-Dollar

Mineralienhandel und -export

Aufschlüsselung der Exporteinnahmen für 2023:

• Nordamerika: 5,7 Milliarden US-Dollar
• Südamerika: 3,2 Milliarden US-Dollar
• Australien/Afrika: 4,9 Milliarden US-Dollar

Edelmetallderivate

Einnahmen aus dem Derivatehandel im Jahr 2023:

Ableitungstyp	Gesamtwert
Gold-Futures	425 Millionen Dollar
Kupferoptionen	187 Millionen Dollar

Erträge aus Investitionen und Partnerschaften

Einnahmequellen der Investitionen für 2023:

• Joint-Venture-Partnerschaften: 612 Millionen US-Dollar
• Strategische Investitionen: 278 Millionen US-Dollar

Lizenzeinnahmen und Lizenzeinnahmen

Aufschlüsselung der Lizenzeinnahmen:

Lizenzgebührenquelle	Jahresumsatz
Lizenzierung von Mineralrechten	214 Millionen Dollar
Technologielizenzierung	87 Millionen Dollar

Newmont Corporation (NEM) - Canvas Business Model: Value Propositions

Newmont Corporation delivers value through a focused, high-quality portfolio of assets designed for long-term, low-cost production and robust shareholder returns.

The core value proposition centers on providing a reliable, large-scale supply of gold and copper to global markets. Full portfolio attributable gold production for 2024 was 6.8 million ounces, with copper at 150,000 tons. For 2025, the Total Tier 1 Portfolio is projected to deliver approximately 5.6 million gold ounces, with a long-term target maintained at an average of 6 million ounces of gold annually over the next decade. The company is actively managing its portfolio to focus on these core assets.

A key differentiator is the low-cost production profile. For the full year 2025, the Gold All-in Sustaining Cost (AISC) for the Total Tier 1 Portfolio is projected at $1,620 per ounce. This focus on cost efficiency is central to margin resilience. For instance, in the third quarter of 2025, the Gold Co-Product AISC per ounce was reported at $1,566.

Newmont Corporation provides strong shareholder returns via a non-binding dividend framework and share buybacks. The company has returned roughly $2 billion to shareholders through dividends and share repurchases since the beginning of 2025. The Board declared a quarterly dividend of $0.25 per share for both the second quarter of 2025 and the third quarter of 2025. To further enhance returns, the Board authorized an additional $3.0 billion share repurchase program in Q2 2025, adding to a program that saw $1.5 billion in repurchases in the first half of 2025 alone. The balance sheet supports this, ending Q2 2025 with a net debt to adjusted EBITDA ratio of 0.1x and total liquidity of $10.2 billion.

The company emphasizes ESG leadership and commitment to achieving net-zero carbon emissions by 2050. This commitment is backed by specific interim targets, including a goal for a 30% reduction in Scope 1 and 2 greenhouse gas emissions by 2030. To support these climate goals, Newmont is investing $500 million over the next five years in projects like renewable energy integration and energy efficiency in capital expenditure.

The foundation of the business model is the portfolio of long-life, low-cost Tier 1 assets in favorable jurisdictions. A Tier 1 asset is defined as having over 500,000 gold equivalent ounces per year, an AISC in the lower half of the industry cost curve, and a mine life greater than 10 years, located in countries rated A or B by major agencies. The divestiture program completed in 2025 streamlined the portfolio to 12 operations focused on these high-quality sites.

The scale and quality of the reserve base underpinning these assets are substantial:

Reserve Type	Attributable Amount (End of 2024)	Primary Metric
Gold Reserves	125.5 million	Ounces (Tier 1 Portfolio)
Copper Reserves	More than 13.5 million	Tonnes (Tier 1 Portfolio)
Silver Reserves	530 million	Ounces (Tier 1 Portfolio)

The geographic spread of these Tier 1 assets includes operations in the following favorable mining jurisdictions:

• Australia (Boddington, Tanami, Cadia)
• Papua New Guinea (Lihir)
• Canada (Brucejack, Red Chris)
• Ghana (Ahafo)
• Mexico (Peñasquito)
• Argentina (Cerro Negro)
• Peru (Yanacocha)
• Suriname (Merian)

The company generated $1.7 billion in record free cash flow in the second quarter of 2025, demonstrating the cash-generating power of this focused portfolio.

Newmont Corporation (NEM) - Canvas Business Model: Customer Relationships

You're looking at how Newmont Corporation manages its key external relationships as of late 2025. This isn't about selling gold bars off a shelf; it's about managing massive, long-term relationships with capital providers, governments, and the communities hosting its operations.

Dedicated B2B sales teams managing direct sales and long-term contracts

Newmont Corporation manages its B2B transactional relationships through a formal procurement and contracting process, which underpins its ability to secure long-term supply agreements for its by-products and manage its own supply chain. The company uses the Ariba Network to transact electronically with its suppliers, aiming to improve visibility, reduce cycle time, and increase order accuracy. For goods and services, a supplier must be set in Newmont ERP with a Supplier ID or Vendor ID to actively transact, following a Source to Contract (S2C) process that may require a Master Service Agreement before a Purchase Order is issued. Newmont Americas specifically commits to increasing supplier diversity, engaging with local and Indigenous businesses in regions like Argentina, Peru, Suriname, Mexico, Canada, and the USA. For instance, specific contacts are listed for procurement inquiries in Canada, the USA (CC&V mine site), and Mexico.

Investor relations focused on transparent financial reporting and capital allocation

Investor relations for Newmont Corporation centers on clear communication of its disciplined capital allocation strategy and strong ESG performance. For the full year 2025, the guidance for the Total Tier 1 Portfolio included $1.8 billion in Sustaining Capital and $1.3 billion in Development Capital. The company maintained a shareholder-focused approach, with a stable and predictable quarterly common dividend of $0.25 per share, subject to Board approval. By August 2025, Newmont had executed $2.8 billion of its $6.0 billion authorized share repurchase programs. The balance sheet strength was evident, ending Q2 2025 with $6.2 billion in cash and cash equivalents, while debt stood at $7.4 billion, having retired $1.4 billion of debt in 2025 so far. Transparency is quantified by external ratings; as of October 2025, Newmont's Sustainalytics ESG Risk Score translated to 20 (Medium Risk). Furthermore, Newmont Corporation has been recognized as the Top Gold Miner in the Dow Jones Sustainability Index for 9 Consecutive Years.

Community engagement and social investment to maintain a social license to operate

Maintaining the social license to operate involves significant, measurable investment in host communities. While the $20 million Global Community Support Fund established in 2020 was completed in 2024, partnering with over 420 local entities, ongoing commitments are reflected in operational spending. Newmont spent $280 million on reclamation activities, including water treatment plant construction, in the first half of 2025 alone. For context, the total spend in 2024 related to reclamation and remediation was $433 million. The company's global Closure Strategy integrates planning throughout an operation's lifespan to create enduring positive legacies.

Direct communication with financial institutions and metal exchanges

Direct communication with financial institutions is embedded within the investor relations framework, evidenced by regular reporting and debt management activities. The company communicates its financial standing through filings and presentations, such as the October 2025 Investor Presentation. Newmont also manages its relationship with debt holders through actions like retiring $1.4 billion of debt in 2025. The company's operational output, including copper and gold concentrates, is subject to sales agreements, though specific 2025 contract details are not publicly itemized in the same way as capital guidance.

Proactive management of government and regulatory relationships

Newmont Corporation proactively manages government and regulatory relationships by integrating compliance into its operational planning across its global portfolio, which includes assets in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. The company's 2025 capital expenditure plans emphasize compliance with federal and state regulations, particularly in the United States. The global Closure Strategy explicitly integrates closure planning to address the diverse social, economic, environmental, and regulatory impacts associated with the end of mining operations. The adjusted effective tax rate for continuing operations for 2025 is estimated to be 33% based on Q3 results and assumptions. The company also reports on its ESG performance using frameworks like GRI and SASB.

Relationship Category	Key Metric/Data Point (Late 2025 or Latest Available)	Value/Amount
Investor Relations: Capital Reinvestment	2025 Sustaining Capital Guidance (Total Tier 1 Portfolio)	$1.8 billion
Investor Relations: Capital Reinvestment	2025 Development Capital Guidance (Total Tier 1 Portfolio)	$1.3 billion
Investor Relations: Shareholder Return (Dividends)	Declared Quarterly Common Dividend (Q3 2025)	$0.25 per share
Investor Relations: Shareholder Return (Buybacks)	Share Repurchases Executed to Date (as of Aug 2025)	$2.8 billion
Investor Relations: Balance Sheet Strength	Consolidated Cash on Hand (End of Q2 2025)	$6.2 billion
Investor Relations: Balance Sheet Strength	Debt Retired in 2025 (Year-to-Date Q2 2025)	$1.4 billion
Investor Relations: ESG Transparency	Sustainalytics ESG Risk Score (Effective Oct 2025)	20
Community Engagement: Social Investment (Reclamation)	Reclamation and Remediation Spend (H1 2025)	$280 million
Community Engagement: Social Investment (Past Fund)	Global Community Support Fund Size (Established 2020)	$20 million
Government/Regulatory: Tax Management	Estimated Consolidated Adjusted Effective Tax Rate (2025)	33%

Newmont Corporation (NEM) - Canvas Business Model: Channels

You're looking at how Newmont Corporation moves its physical product-gold and copper-to the market, which is a critical part of realizing value from its massive asset base. This isn't just about mining; it's about sophisticated global logistics and financial settlement. Newmont Corporation uses a multi-pronged approach to ensure its metal reaches the right buyer at the right time.

The primary channels involve direct sales, leveraging global trading infrastructure, and maintaining a corporate presence in key financial hubs for capital market engagement. The company's sales are inherently tied to the realized price, which reflects the gross price received minus refining charges and adjusted for provisional pricing marks. For instance, in the third quarter of 2025, the average realized gold price was $3,551 per ounce, composed of a gross price received of $3,484 per ounce, a favorable mark-to-market impact of $62 per ounce on provisionally-priced sales, and $7 per ounce in treatment and refining charges. This shows the final step in the channel involves refining and settlement mechanisms. The total revenue for a recent quarter (implied Q3 2025) hit $5.52 billion, marking a 20.0% year-over-year increase. This revenue is the culmination of all these sales channels working together.

Direct sales to industrial buyers and financial institutions

While Newmont Corporation does not explicitly break down sales volume between industrial buyers (like jewelers or electronics manufacturers) and financial institutions (who might buy for investment bars or ETFs) in its public operational summaries, the nature of being the world's largest gold producer means it serves both. The realized price components suggest sales are often settled through established financial mechanisms, which implies significant interaction with the financial sector for pricing and hedging. The company's focus on its Tier 1 Portfolio for 2025 guidance suggests a stable, high-volume output channel for these major buyers. For context on the financial market's view of Newmont Corporation, institutional investors owned 68.85% of the stock as of the second quarter of 2025, showing deep financial market engagement.

Global metals trading platforms and exchanges (e.g., London Bullion Market Association)

The settlement process for the physical metal is heavily reliant on global trading benchmarks, which naturally involves platforms like the London Bullion Market Association (LBMA), though specific transaction volumes on the LBMA are not detailed in the public reports. The structure of the realized price, which includes adjustments for mark-to-market on provisionally-priced sales, confirms that sales are executed against global spot prices, which are set on these major trading venues. The company's output is the physical commodity that underpins these markets.

Sales offices and logistics networks spanning key markets like Switzerland and Japan

Newmont Corporation maintains a global footprint to manage its complex logistics. The Head Office is located at 6900 E Layton Avenue, Suite 700, Denver, Colorado, 80237, in the United States. Beyond this, the company has other locations listed in Canada, the Netherlands, Australia, and Argentina, supporting its worldwide operations. Specific, dedicated sales offices in key refining and trading hubs like Switzerland or Japan are part of the broader, unlisted logistics network necessary to move and sell refined metal, but concrete revenue or volume figures tied directly to these specific geographic sales offices are not publicly itemized in the standard quarterly releases.

Investor presentations and financial reports for capital markets

These documents are themselves a crucial channel for engaging with the capital markets, which ultimately underpins the company's ability to fund its operations and growth. The company issued several key presentations throughout 2025, including reports in February, April, August, and October. These reports detail guidance and performance metrics, such as the 2025E attributable production guidance of approximately 5.9 million gold ounces for the Total Portfolio. The financial reports provide the necessary transparency for investors to value the company and its metal sales. For example, the Q3 2025 results showed an Adjusted EBITDA of $3.3 billion.

Here's a snapshot of the operational scale that feeds these channels through the first three quarters of 2025:

Metric	Q1 2025 (Attributable)	Q2 2025 (Attributable)	Q3 2025 (Attributable)
Gold Production (Million Ounces)	1.5	1.5	1.4
Copper Production (Thousand Tonnes)	N/A	36	35
Average Realized Gold Price ($/oz)	$2,944	$3,320	$3,551
Quarterly Revenue ($ Billion)	N/A	N/A	$5.52 (Implied Q3)

The company's ability to generate significant cash flow directly impacts its ability to fund its sales and logistics. In Q2 2025, Newmont Corporation reported a record quarterly free cash flow of $1.7 billion. This financial strength supports the entire sales pipeline.

The primary methods Newmont Corporation uses to move its product and engage investors are:

• Direct sales to large-scale industrial and financial counterparties.
• Settlement through global commodity pricing mechanisms reflecting exchange activity.
• Logistics supported by a global network of corporate offices.
• Continuous engagement via quarterly financial reports and investor briefings.

Finance: draft 13-week cash view by Friday.

Newmont Corporation (NEM) - Canvas Business Model: Customer Segments

You're looking at the core buyers of Newmont Corporation's output as of late 2025, a mix dominated by large financial players and industrial end-users.

Newmont Corporation's primary customer base operates on a Business-to-Business (B2B) model, requiring physical metals or financial instruments based on those metals. The company's strategy focuses on its Tier 1 Portfolio, which is expected to produce approximately 5.6 million gold ounces for the full year 2025.

Institutional Investors and Central Banks seeking a store of value and inflation hedge

This segment is crucial as they are the largest owners of Newmont Corporation stock and significant buyers of the physical metal for reserve management.

• Institutional investors held approximately 78% of Newmont Corporation shares as of May 2025.
• The largest single institutional shareholder, The Vanguard Group, Inc., held about 12% of shares outstanding.
• BlackRock, Inc. was the second-largest shareholder, owning 11% of common stock.
• State Street Global Advisors, Inc. held about 4.6% of the company stock.
• Central bank buying trends, such as China's 2025 reserve increases, are noted drivers for gold demand amidst geopolitical tension.

Industrial Buyers and Manufacturers using gold, copper, and silver in products

These customers purchase the physical commodities Newmont mines for use in manufacturing. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts.

Here's a look at the recent production volumes that feed into these industrial and manufacturing supply chains:

Metal	Q2 2025 Attributable Production	Q3 2025 Attributable Production
Gold (Ounces)	1.5 million	1.4 million
Copper (Tonnes)	36 thousand	35 thousand

Key industrial users include jewelry manufacturers, electronics industries, and construction companies. The company's realized gold price in Q2 2025 averaged $3,320 per ounce.

Financial Institutions and Metals Traders for commodity speculation and hedging

This segment interacts with Newmont Corporation through the trading of its shares, derivatives, and the physical metal market. The company's stock is heavily held by institutions, suggesting significant trading activity.

• The average brokerage recommendation from 23 firms for Newmont Corporation as of late 2025 indicated an 'Outperform' status, with an average target price of $102.94.
• The stock price as of December 4, 2025, was reported at $90.72 per share.
• Newmont generated a record quarterly Free Cash Flow of $1.7 billion in Q3 2025.

Governments and Regulators in operating jurisdictions

Governments are key stakeholders through taxation, permitting, and regulatory oversight in the jurisdictions where Newmont operates, such as the Americas, Africa, and Australia.

• Newmont expects its consolidated adjusted effective tax rate related to continuing operations for 2025 to be 33%, based on Q3 2025 estimates.
• The company received net cash proceeds of nearly $640 million from asset and equity sales in Q3 2025.
• Total gross proceeds expected from the entire divestiture program (announced in 2024) were up to $4.3 billion.

Newmont Corporation (NEM) - Canvas Business Model: Cost Structure

When you look at Newmont Corporation's cost structure, you're looking at a business defined by massive, upfront investment. Mining infrastructure, you see, carries heavy fixed costs that you have to pay whether the price of gold is up or down. This is the reality of sustaining capital-keeping the lights on and the big machines running.

Directly tied to operations, labor costs represent the largest component of direct operating costs at 50%. That's a huge chunk of the day-to-day spend, reflecting the global workforce needed to run Tier 1 assets.

Capital allocation for 2025 shows where Newmont Corporation is putting its money to maintain and grow production. The company updated its guidance in the third quarter, showing a shift in timing for some of these large expenditures. You'll want to track these closely, as they impact free cash flow generation.

Here's a quick look at the latest full-year 2025 capital guidance metrics, based on the Total Core Portfolio focus:

Guidance Metric	2025E Guidance (Total Core Portfolio)	Latest Total Newmont Guidance
Sustaining Capital ($M)	$1,650 million	$1,725 million
Development Capital ($M)	$1,250 million	$1,280 million

The prompt specified a Sustaining Capital guidance of approximately $1.65 billion, which aligns with the $1,650 million figure for the Total Core Portfolio reported in the Q3 2025 update. Similarly, the Development Capital guidance of approximately $1.25 billion matches the $1,250 million for the Total Core Portfolio.

Beyond the capital spend, the variable costs tied to government and partner agreements are significant, especially in a high-price environment. These costs are a direct function of the realized metal price.

• Significant costs from royalties, production taxes, and profit-sharing agreements.
• In 2024, Newmont Corporation paid $1.9 billion in total taxes and royalties to governments.
• Cost sensitivity exists where royalty and production tax impact is estimated at approximately $10 per ounce for every $100 per ounce change in the gold price.
• General & Administrative (G&A) costs for 2025 were guided at $390 million for the Total Core Portfolio.

To be fair, the company's cost structure is dynamic; for instance, the Q3 2025 update showed that cost savings initiatives were largely offset by these higher royalties and taxes associated with the stronger gold price environment. Finance: review the sensitivity analysis on royalties versus the current realized gold price by next Tuesday.

Newmont Corporation (NEM) - Canvas Business Model: Revenue Streams

You're looking at how Newmont Corporation converts its assets into cash flow as of late 2025. The revenue streams are heavily weighted toward primary metal sales, but asset optimization plays a significant role in bolstering the balance sheet.

Primary revenue from gold sales remains the bedrock of Newmont Corporation's income. The company is operating under its 2025 guidance, which projects attributable production of approximately 5.9 million ounces of gold for the full year. This figure includes production from the Total Tier 1 Portfolio, which is expected to account for about 5.6 million gold ounces, with the remaining ounces coming from non-core assets held for sale during the first quarter.

Also contributing to revenue are sales from co-products and by-products extracted during mining operations. For the second quarter of 2025, Newmont Corporation reported production of 36 thousand tonnes of copper. To give you a clearer picture of the by-product contribution in that quarter, here are the specific production volumes for other metals from key operations:

Metal	Source Operation	Q2 2025 Production (Thousands)
Copper (tonnes)	Total Consolidated Newmont	36
Silver (ounces)	Peñasquito (millions)	8
Lead (tonnes)	Peñasquito (thousands)	27
Zinc (tonnes)	Peñasquito (thousands)	67

The revenue from these other metals is recorded either as Sales or as a credit to Costs Applicable to Sales (CAS), depending on the resource significance at the specific mine site.

A third, non-recurring but significant, revenue source comes from the proceeds of the non-core asset divestiture program. Newmont Corporation has been actively streamlining its portfolio to focus on Tier 1 assets. The company has targeted over $3.5 billion in net cash proceeds from this divestiture program in 2025. This cash infusion is explicitly used to strengthen the balance sheet and support capital allocation priorities, including shareholder returns. For instance, the company expected to receive more than $3.0 billion in after-tax cash proceeds from the divestiture program in 2025, including approximately $2.5 billion from divested assets and about $470 million from equity share sales.

The overall strength of cash flow generation, which underpins these revenue streams, is evident in the quarterly performance metrics. For the second quarter of 2025, Newmont Corporation posted an Adjusted EBITDA of $3.0 billion. This strong performance helps fund operations and shareholder returns. Here are some related financial highlights from that period:

• Reported Net Income was $2.1 billion.
• Adjusted Net Income (ANI) equated to $1.43 per diluted share.
• Consolidated cash from operations before working capital reached $2.2 billion.
• Free Cash Flow hit $1.7 billion, setting a new record quarterly performance.

Finance: draft 13-week cash view by Friday.