Gold mining is a massive industry, with several companies digging deep into the earth to extract this precious metal. But one company stands above the rest—Newmont Corporation, the world’s largest gold mining company. Founded in 1921 by William Boyce Thompson, Newmont has grown into a global giant in the mining industry. Today, Tom Palmer serves as the company’s President and CEO, leading operations across four continents.
In 2022, Newmont extracted a staggering 5.5 million ounces (approximately 155,922.4 kilograms) of gold. At current market rates, this amount of gold is worth around Rs.1.15 lakh crore (approximately USD 14 billion).
Where does all this gold come from?
Newmont’s gold mines are spread across multiple countries, including:
- United States (Nevada, Colorado)
- Canada (Ontario, Quebec)
- Mexico
- Dominican Republic
- Australia
- Ghana
- Argentina
- Peru
- Suriname
But gold isn’t the only treasure Newmont extracts. The company also mines copper, silver, zinc, and lead, making it a major player in the global mining industry.
Recognized for sustainability
Mining is often criticized for its environmental impact, but Newmont has earned praise for its efforts to reduce carbon emissions. It was even recognized by TIME Magazine as the best-performing mining company in terms of decarbonization efforts.
With its massive gold production and commitment to sustainability, Newmont continues to dominate the gold mining industry. Who knew that so much wealth was being pulled straight from the earth?
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