The world’s largest gold producer Newmont (NYSE NEM / WKN 853823) has recently completed a program in which it divested assets not belonging to its core project portfolio – most recently the Akyem mine in Ghana and the Porcupine mine in Canada. The corporation has now risen to become the fourth-largest mining company overall.
Newmont will gross approximately $850 million after taxes from these two deals alone. The gold giant has already been able to increase its market value by more than 50% since the beginning of the year and now has a market capitalization of $63.07 billion!
The world’s largest mining corporation, however, BHP (WKN 850524), with a market capitalization of $115.989 billion, almost twice as large, has recorded a 6.55% decline on the NYSE since the beginning of the year. Rio Tinto ($93.179 billion) is also down about 2.4% since the start of 2025, while Southern Copper ($69.623 billion) is even down 5.4%.
Newmont will release its quarterly figures on April 23. Analysts expect strong results given the rally in the gold price.
