Gold is one of the most sought after commodities in the world. This precious mineral has several uses and special characteristics that are not seen in other elements. There are several companies around the world that have allotted their resources in mining this product. Newmont Mining Corporation is one of these ventures, in fact, the company is considered as one of the world’s largest producers of this element.
Headquartered in Greenwood Village, Colorado, the company produces gold, silver and copper, among other products. It has global operations and is capable of generating more than $9.5 billion annually. The business serves as a holding company to mining ventures that operate in New Zealand, the United States, Ghana, Peru, Canada, Mexico and in Indonesia. Next to Barrick Gold, the business is listed as the world’s second largest producer of gold.
In addition to the company’s joint venture projects, it owns and operates Battle Mountain Gold, Santa Fe Gold, Franco-Nevada Corp, Fronteer Gold and Normandy Mining. During the company’s 2010 fiscal year operations, they were able to produce about 5.4 million equity ounces of gold. They have declared their reserves to be around 93.5 million ounces of gold. Through a series of acquisitions, the business expands its operations and widens its area of mining. The company’s gold quarry in Nevada is considered as the largest project of the business. It was in 1921 that the company started its operations. It was William Boyce Thompson, who created the business as a diversified holding company.
Today, the business continues its international operations. It employs the assistance of more than 28,000 employees. The business has gone public in 1925 and it remains publicly traded on the New York Stock Exchange, using the ticker symbol NEM. It is listed on the Wilshire 500 and the S&P 500 Indices as the only gold company.
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