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Basic Materials

Newmont Corporation (NEM)

Basic Materials $95.8B market cap

Data as of July 7, 2026

Environment
53.00
People
70.00
Leadership
90.00

Environment story

Newmont discloses an economy-wide 'carbon neutral by 2050' ambition with interim 2030 GHG targets, but Scope 3 (product-use/supply-chain) emissions figures are not disclosed in the reviewed filings, and the 2050 target falls outside the credible pre-2035 window. Multiple sites show active resource-related controversies, including NSW EPA legal proceedings over Cadia dust/tailings emissions, Yanacocha water-quality compliance disputes with Peruvian regulators, and Peñasquito tailings storage facility stability concerns. Some physical infrastructure investment (e.g., water treatment plants at Yanacocha, solar power at Goldrush) is noted, but is modest relative to overall environmental risk exposure. This is descriptive research output and does not constitute investment advice.

Criticisms on file

  • Cadia tailings storage facility (NTSF) embankment slump in 2018 leading to prolonged deposition suspension and subsequent NSW EPA license variations, prevention notices, and 2023 Land and Environment Court proceedings over excess dust/air emissions.
    Source: NEM_10k.txt
  • Yanacocha water quality compliance dispute with Peruvian environmental regulator MINAM/MINEM regarding in-stream water quality criteria; extension negotiations ongoing through 2026-2027; 2025 discharge event impacted community canals.
    Source: NEM_10k.txt
  • Peñasquito tailings storage facility embankment stability uncertainties resulting in increased reclamation cost estimates in 2025.
    Source: NEM_10k.txt
  • Midnite uranium mine designated a CERCLA Superfund site; risk that other legacy U.S. sites could be similarly designated.
    Source: NEM_10k.txt

Disclosed initiatives

  • Yanacocha Water Treatment Plants
    Construction and operation of two new water treatment plants included in asset retirement obligation to manage water quality/quantity discharge requirements.
    Reduces long-term water contamination risk at legacy site
  • TS Solar Plant (Goldrush/NGM)
    Solar power capital project referenced among 2023 development capital spend at NGM.
    Partial displacement of fossil-fuel-based site power
  • GISTM Conformance
    Ongoing implementation of the Global Industry Standard on Tailings Management across operating and non-operating tailings facilities, with public disclosure of conformance status.
    Aims to reduce tailings failure risk

Social story

Newmont has faced repeated work stoppages and labor/community disputes at several major sites (Peñasquito, Cerro Negro, Merian, Lihir) within recent periods, alongside serious safety incidents including fatalities at Cerro Negro in 2024. The company maintains formal pay equity and living-wage study programs and publishes EEO-1 data, but a numeric CEO-to-median-worker pay ratio and detailed workforce diversity percentages were not available in the reviewed excerpts. Security-related human rights exposure exists due to illegal/artisanal mining conflicts in several jurisdictions. This is descriptive research output and does not constitute investment advice.

Criticisms on file

  • Cerro Negro operations suspended in Q2 2024 following the deaths of two Newmont workers on April 9, 2024, and again temporarily in Q1 2025 due to separate safety events.
    Source: NEM_10k.txt
  • Recurring work stoppages/social-community-labor disputes cited at Peñasquito, Cerro Negro, Merian, and Lihir.
    Source: NEM_10k.txt
  • 2019 fatal attack by illegal miners on a field security team in Ghana; ongoing security risks from illegal/artisanal mining in Peru, Suriname, Ghana, Mexico, and PNG.
    Source: NEM_10k.txt

Disclosed initiatives

  • Annual Global Pay Equity Analysis
    Company-wide pay equity analysis conducted annually alongside a Living Wage study.
    Aims to identify and close compensation equity gaps
  • Always Safe Program
    Safety program focused on Integrated Systems, Robust Capabilities, and Empowered Behaviors following a series of fatal incidents.
    Intended to reduce workplace fatalities and injuries
  • Pamaka Community Artisanal Mining Collaboration (Suriname)
    Program working with artisanal miners to improve safety, environmental, and processing practices and alternative livelihoods.
    Reduces conflict and improves safety with informal miners

Governance story

Newmont maintains a single class of common stock with no dual-class voting structure, and 11 of 12 director nominees (all but the CEO) are independent, exceeding the 75% independence threshold. No antitrust, consumer-safety, or financial-fraud proceedings were identified; however, an active NSW EPA Land and Environment Court proceeding concerning air emissions at Cadia represents an ongoing regulatory matter. A separate governance concern involves a January 2026 notice of default issued to joint-venture partner Barrick over alleged mismanagement/resource diversion at the Nevada Gold Mines (NGM) joint venture. This is descriptive research output and does not constitute investment advice.

Criticisms on file

  • January 2026 notice identifying evidence of mismanagement and resource diversion at NGM joint venture benefiting operator Barrick; formal notice of default issued February 2026.
    Source: NEM_10k.txt
  • NSW EPA proceedings in the Land and Environment Court of NSW against Cadia Holdings (commenced August 2023) alleging exceedance of permitted air emission concentrations.
    Source: NEM_10k.txt

Disclosed initiatives

  • Policy Influence Disclosure
    Annual public disclosure of trade association memberships, lobbying activity, and political contributions.
    Increases transparency of political engagement
  • Independent Board Chair & S&S Committee Oversight
    Board's Safety and Sustainability Committee, chaired by Jane Nelson, oversees ESG, human rights, and community matters.
    Provides board-level sustainability governance

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Newmont Corporation. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Newmont Corporation in the app for interactive charts and portfolio building.

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