Newmont: The Silver Medal In Gold Mining, And That's Not A Bad Thing

Sidharth Kumar47 FollowersFollow5ShareSavePlay(17min)Comment(1)SummaryNewmont Corporation is pivoting from a decade of acquisitions and dilution to focus on operational efficiency, cost reduction, and margin improvement.NEM's Project Catalyst targets a 21% reduction in G&A expenses by 2026 and a return to higher output and margins by 2027, following a 'trough year' in 2026.Management has authorized total of $6 billion buyback, signifying a shift from expansion to consolidation, and aims to leverage its gold-copper hybrid strategy for margin resilience.Recent pullback offers an attractive entry point, with consensus price targets above $135 and a clear medium-term turnaround thesis supported by operational and portfolio streamlining.espiegle/iStock via Getty Images Newmont Corporation (NEM) is the world's largest gold miner with multi-metal assets including copper, silver, zinc, and lead. It often suffers from comparisons with (relatively) leaner and meaner operations like Agnico and criticised forThis article was written bySidharth Kumar47 FollowersFollowA lawyer by training, a regulator by temperament, and an investor for the fun of it. I have been an options trader for 12 years now, since I was an engineering undergrad. My trading drew my towards law - I was particularly fascinated by hard assets such as land and commodities, and the role regulations play in shaping such assets. I briefly worked as a transaction lawyer with a law firm in Mumbai, where I advised on investments by PE funds (Prosus, Gladebrook) and SWFs (mainly Singapore). I am now in the middle of a move to academia, with some time on my hands to explore and write on the markets. I am fascinated by the intersection of law, economics and the markets. I actively look for convexity and asymmetric bets, and regulatory alpha. My sectoral interests are in metals, power, infrastructure and real estate. My main research interest is macro-economic policy and its effect on financial flows.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.