Newmont Mining’s Revenue By Segment (2016-2022)

This statistic highlights Newmont Mining’s Revenue By Segment, split across South America, North America, Australia, and Africa, reported from 2016 onwards.

Newmont Mining generates its revenue from the following segments:

• South America
• North America
• Australia
• Africa

Newmont Mining’s Revenue By Segment

(all figures in millions, except percentages)

Newmont Mining’s total revenue rose from $2060 million in Q1 2020 to $2336 million in Q1 2021, marking an increase of 13.40% on a year-on-year basis. During this period, the revenue growth was mainly driven by higher average realized metal prices.

South America

Newmont Mining’s revenue from South America declined from $511 million in Q1 2020 to $387 million in Q1 2021, a decline of 24.26% on a year-on-year basis. In Q1 2021, South America contributed 16.57% to the company’s total revenue.

In South America, Newmont Mining has operations in Peru, Argentina, Suriname, and the Dominican Republic. Yanacocha mine in Peru is the largest gold mine in South America. This operation is a joint venture between Newmont Mining, Sumitomo Corporation, and Minas Buenaventura. In Suriname, the company operates through its subsidiary Newmont Suriname LLC. The Pueblo Viejo mine in the Dominican Republic produces copper, gold, and silver.

North America

Newmont Mining’s revenue from North America rose from $813 million in Q1 2020 to $1060 million in Q1 2021, marking an increase of 30.38% on a year-on-year basis. During this period, North America contributed 45.38% to Newmont Mining’s total revenue.

In North America, Newmont Mining’s mines are located in the United States, Canada, Colorado, and Mexico. In Colorado, Newmont’s Cripple Creek and Victor mine produce gold. In Nevada, United States, Newmont mines metals like gold, copper, and silver. The Penasquito mine in Mexico City produces gold, lead, zinc, and silver.

Australia

Newmont Mining’s revenue from Australia increased from $453 million in Q1 2020 to $515 million in Q1 2021, a growth of 13.70% on a year-on-year basis. In Q1 2021, Australia contributed 22.05% to the company’s total revenue.

In Australia, Newmont Mining operates mines in Boddington City and Tanami. Newmont’s Boddington mine produces gold and copper and is one of Australia’s largest gold-producing mines. Newmont’s Tanami mine produces gold.

Africa

Newmont Mining’s revenue from Africa rose from $283 million in Q1 2020 to $374 million in Q1 2021, marking an increase of 32.16% on a year-on-year basis. During this period, Africa contributed 16.01% to Newmont Mining’s total revenue. In Africa, the company’s mines Ahafo and Akyem are located in Ghana.

Company Overview

Newmont Mining Corporation is an American mining company. Newmont Mining was founded by William Thompson in 1921. Tom Palmer is the current CEO of Newmont Mining. The company’s main office is located in Greenwood Village, Colorado, United States. The company is the largest gold mining company in the world. Newmont Mining also mines other metals like zinc, lead, copper, and silver. The company employs more than 16,000 people in different locations like North America, South America, Australia, and Africa.

Newmont Mining’s competitors include Freeport-McMoran, Gran Colombia Gold, Barrick Gold Corporation, and Gold Resource. Over the years, Newmont Mining has acquired companies like Normandy Mining, Miramar Mining, Goldcorp, and Fronteer Gold. These acquisitions have helped the company in expanding its business and fight competition in the market.

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