newmont corporation reports strong gold sales and global production footprint

Newmont Corporation, a major player in the gold mining industry, has been given a buy valuation by UBS. The company's net sales for 2023 were impressive, with gold accounting for 89.7% of total sales, equivalent to 5.4 million ounces sold.

In addition to gold, Newmont also sells other precious metals such as copper, silver, zinc, and lead. These metals contribute 4.9%, 2.8%, 1.8%, and 0.8% respectively to the company's sales.

Newmont operates in 21 production sites across various continents including North America, Australia, South America, Africa, and New Guinea. The company has a diverse international presence, with the majority of its net sales coming from the United Kingdom (64.7%), followed by South Korea (8.3%) and Switzerland (5.1%). Other important markets for Newmont include Japan, the Philippines, Australia, Germany, and Mexico.

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