Newmont Corporation (Colorado) : The largest producer of gold in the United States

17-01-2020

(Uskings.us) Newmont Corporation, based in Greenwood Village, Colorado, USA, is an American mining company that traces its roots to the diversified holding company William Boyce Thompson established in 1916.

Incorporated in 1921, it has active gold mines in Nevada, Australia, Ghana, Peru, and Suriname. Holdings include Santa Fe Gold, Battle Mountain Gold, Normandy Mining and Fronteer Gold. Newmont also has many joint venture relationships.

Newmont is the world's second-largest producer of gold. On January 14, 2019, Newmont successfully arranged a merger acquisition of Goldcorp, the world’s fourth-largest producer of gold, with the merged “Newmont Goldcorp” to be the world’s largest producer once the transaction is complete. In addition to gold, Newmont mines copper and silver.

Newmont has approximately 24,660 employees and contractors worldwide, and is the only gold company in the Standard & Poor's 500.

The Newmont Company was founded in 1916 in New York by Colonel William Boyce Thompson as a holding company to invest in Worldwide mineral, oil, and related companies. According to company lore, the name "Newmont" is a portmanteau "New York" and "Montana", reflecting where Thompson made his fortune and where he grew up. Newmont made its first major gold investment in 1917, with a founding 25 percent in the Anglo American Corporation of South Africa. Four years later, in 1921, the Newmont Company reincorporated as the Newmont Corporation.

According to wikipedia


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