This week, Newmont Corp. celebrated its 100th year. Newmont was founded in 1921 by Colonel William Boyce Thompson and has been publicly traded since 1925.
From its early beginnings in mining in California, Newmont grew to become a geographically diverse and diversified mining house headquartered in New York. The company returned its focus to gold in the 1960s with the discovery of Nevada’s prolific Carlin Trend. Following international expansion and a series of transformational mergers and acquisitions, today, Newmont is the world’s leading gold mining company with 12 operating mines and two joint ventures, all in top-tier jurisdictions.
“It’s an honor to lead Newmont Corp. at such a pivotal time in our history,” President and CEO Tom Palmer said. “This milestone offers us a clear moment in time to celebrate our achievements and reflect as we move into the next 100 years of mining.”
Palmer said the company has a vibrant history and has transformed, adding new jurisdictions and technologies. “None of this would have been possible without our people, who have consistently risen to the challenge,” he added.
The company has more than 14,000 employees around the world at its 12 operating mines, and said its organic pipeline is the best in the industry, all underpinned by its clear strategic focus, proven operating model and superior execution.
The company continues to spur change with its climate change targets to reduce carbon emissions by 30% by 2030 and aspirations to be net carbon zero by 2050. With these targets and its culture of superior operational and project execution and focus on delivering sustainable shareholder returns, Newmont said it looks forward to continuing to deliver on its purpose to create value and improve lives through sustainable and responsible mining.
