Newmont (NEM) Research & Development (2009 - 2026)
Newmont's Research & Development was $47 million in Q2 2026, up 17.5% from $40 million a year earlier and up 4.4% from the prior quarter.
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Analysis
Newmont (NEM) Research & Development (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Newmont's Research & Development was $175 million through Jun 30, 2026, down 1.7% year-over-year; for FY2025, it came in at $166 million, down 15.7% from FY2024.
- Research & Development has now declined for three consecutive years, though with a five-year compound annual growth rate of 6.4% (FY2020 to FY2025).
- In earlier years, Research & Development was $197 million in FY2024 (-1.5%), $200 million in FY2023 (-12.7%), $229 million in FY2022 (+48.7%) and $154 million in FY2021 (+26.2%).
- The Q2 2026 figure marks the highest quarterly Research & Development since Q4 2024.
- Compared with a year earlier, Research & Development was higher in two of the last eight quarters, with an average decline of 10.1%.
- The best year-over-year quarter for Research & Development over five years was Q3 2022 (growth of 100.0%); the worst was Q3 2023 (a decline of 33.8%).
- Per Business Quant data, NEM's Research & Development in the three quarters before Q2 2026 was $45 million (Q1 2026), $43 million (Q4 2025) and $40 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 168.96 Bn | 147.82 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Newmont | 123.37 Bn | 91.54 Bn | 4.03 Bn | 47.00 Mn |
| 4 | Ternium | 107.07 Bn | 72.12 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 101.67 Bn | 97.82 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 92.92 Bn | 92.92 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 69.09 Bn | 53.83 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 53.61 Bn | 44.15 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 51.72 Bn | 32.74 Bn | - | - |
| 10 | AngloGold Ashanti | 47.78 Bn | 37.45 Bn | 1.70 Bn | -37.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.00 Mn |
| Mar 31, 2026 | 45.00 Mn |
| Dec 31, 2025 | 43.00 Mn |
| Sep 30, 2025 | 40.00 Mn |
| Jun 30, 2025 | 40.00 Mn |
| Mar 31, 2025 | 43.00 Mn |
| Dec 31, 2024 | 48.00 Mn |
| Sep 30, 2024 | 47.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | 53.00 Mn |
| Dec 31, 2023 | 68.00 Mn |
| Sep 30, 2023 | 53.00 Mn |
| Jun 30, 2023 | 44.00 Mn |
| Mar 31, 2023 | 35.00 Mn |
| Dec 31, 2022 | 60.00 Mn |
| Sep 30, 2022 | 80.00 Mn |
| Jun 30, 2022 | 45.00 Mn |
| Mar 31, 2022 | 44.00 Mn |
| Dec 31, 2021 | 46.00 Mn |
| Sep 30, 2021 | 40.00 Mn |
API Access
Newmont Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=NEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NEM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=NEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();