About NewmontFounded in 1921 and publicly traded on the New York Stock Exchange since 1925, Newmont is one of the world's largest gold mining companies.
Headquartered in Denver, Colorado, Newmont has mine sites in the United States, Ghana, Peru, Indonesia, Australia and New Zealand.
Spanning the globe, Newmont's international work force is engaged in the exploration, acquisition and operation of gold properties in some of the world's best gold districts.
Our BusinessIn almost a century of operation, we have combined our financial strength and operational expertise with a strong commitment to protect the environment and provide long-term benefits to the communities in which we operate.
In 2012, we sold 5.0 million equity ounces of gold (the proportion of gold produced according to our ownership in each operation), while employing a global work force of approximately 16,600 employees. In addition, approximately 22,000 people were working as contractors as of the end of 2012.
We also sold 143 million pounds of copper and a relatively small amount of silver, and we have interests in gold refining and distribution businesses in Europe and Australia.
The gold we produce is sold to international bullion banks. The majority is used to make jewelry. Gold has a long history of value, providing a stable form of storing, protecting and transferring wealth since the earliest civilizations. Gold is critical as an investment across the globe, acting as a hedge against inflation and retaining long-term and stable value.
Gold has a number of industrial uses, including as an excellent conductor of electricity and a precious metal highly resistant to corrosion. Gold also is important in many cultures, especially throughout Asia. In addition, gold has a range of industrial and medical uses, making it an essential metal in people's lives.