Global gold and copper miner
Newmont Corporation
Newmont produces gold as well as copper, silver, lead and zinc for global precious-metals traders and smelting customers. It procures heavy mining equipment and automation systems, and its acquisition of Newcrest added gold and copper assets in Australia and Papua New Guinea.
NEM Updated Sep 11, 2026 3 AI consumers· 2 recurring
Per the valuechain.wiki graph, Newmont Corporation is directly linked to 2 companies (1 supply, 1 revenue relationships) and reaches 5 companies within two hops; the links are backed by 6 dated sources, 2 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 revenue: US$22.669 billion
- Segments · Gold · Copper · Silver, lead and zinc
Revenue from
- Standard Chartered High confidence· Amount $6B · FY2025 · Sales to Standard Chartered
Standard Chartered was Newmont's largest customer in 2025, generating revenue from sales of gold and other metals. - JPMorgan Chase High confidence· Amount $2.5B · FY2025 · Sales to JPMorgan Chase
JPMorgan Chase is a major disclosed buyer of Newmont's metals and remained a meaningful contributor to consolidated sales in 2025.
Pays to
- Caterpillar Medium confidence
Caterpillar supplies electric autonomous haulage equipment and MineStar operating technology for Newmont mines. Counterparty-specific spending has not been disclosed.Confirms EN Newmont Corporation Published Nov 10, 2021: Newmont and Caterpillar Announce Revolutionary Strategic Alliance to Achieve Zero Emissions Mining - Epiroc Medium confidence
Epiroc provides underground loaders, drilling equipment, the Deep Automation system and on-site fleet maintenance support at Newmont's Cadia mine. Counterparty-specific spending has not been disclosed.
Investments
- Newcrest Mining Limited High confidence· Amount $13.5B · acquisition completed 2023-11-06 · Total Newcrest purchase price, acquisition-date fair value of non-cash stock consideration
Newmont acquired all of Newcrest Mining in an all-stock transaction. The deal added gold and copper assets including Cadia, Lihir, Brucejack and Red Chris to Newmont's portfolio.Mentions EN S&P Global Market Intelligence Published Mar 10, 2023: Newmont acquisition of Newcrest would be largest gold merger in history
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| EOG Resources, Inc. | lead2 | +88.6 | +56.9 | -2 | +4.3 | -11.4 | +41.7 |
| Chipotle Mexican Grill | lead2 | +26.1 | -20.6 | +64.8 | +31.8 | -38.6 | -0.1 |
| JPMorgan Chase | lead1 | +27.7 | -12.6 | +30.6 | +44.3 | +37.3 | +12.9 |
| Newmont Corporation | node | +7.4 | -20.8 | -8.8 | -7.8 | +172.8 | +29.1 |
| Caterpillar | benef1 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| Nucor Corporation | benef2 | +118.4 | +17.4 | +33.8 | -32 | +42 | +61 |
YTD as of 2026-09-04 · source: Yahoo Finance
Newmont Corporation operates across Global gold and copper miner. It is +29.1% in 2026. Demand side (avg +12.9%), the stock (+29.1%) and supply side (avg +42.9%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Caterpillar (+42.9%) and the furthest behind is JPMorgan Chase (+12.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It procures heavy mining equipment and automation systems, and its acquisition of Newcrest added gold and copper assets in Australia and Papua New Guinea.
Analysis generated from returns as of 2026-09-04