Subscribe Now   -   Standard: only $299 per year   or   Premium: only $399 per year  -   Click Here

Newmont Corp

www: www.newmont.com   email: Jessica.Largent@Newmont.com
Category: Major
Rating:
Upside Downside Quality
2.5 3.5 A
Risk: Some View History

Rating History

Date Category Rating Risk
Upside Downside Quality
05/24/2026 Major 2.5 3.5ASome
Current Major 2.5 3.5ASome
Profile
Notes
Forum
Your Data

Chart Not
Available

Price Data

Symbol Traded Checked Price
NYSE:NEM 10/02/2026 10/02/2026 USD 115.56
ASX:NEM 10/01/2026 10/02/2026 AUD 165.2100

Performance

+/-
since 		1 Day Last Friday 4 Weeks
0.78% 0.78% 0.78%
3 Months 6 Months 1 Year
20.07% 13.18% 35.71%

Your Portfolios

Login to start a portfolio.

Scorecard   (1 Star = Poor, 5 Stars = Excellent)

Category Don's Site Average Yours Category
Balance Sheet Balance Sheet
Costs (Exp/Dev/Prod) Costs (Exp/Dev/Prod)
Exploration Potential Exploration Potential
Management/Execution Management/Execution
Ownership/Hedging Ownership/Hedging
Project Locations/Taxes Project Locations/Taxes
Properties/Projects/Pipeline Properties/Projects/Pipeline
Share Structure/Dilution Share Structure/Dilution
Risk (1 = High, 5 = Low) Risk (1 = High, 5 = Low)
Upside Potential Upside Potential
9 Ratings

Your Summary (edit)

Stock Summary (from last analysis - 05/24/2026)

Newmont Corp is a solid major, although growth will be flat at around 5.3 million oz. They have about 230 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($120 billion fully diluted market cap) that it is impossible to have a high growth rate. They print as a likely 3-bagger at $7000 gold.

They have around a $1200 AISC, with all-in costs (FCF) around $2400 per oz. That is very good, and they will benefit from higher gold prices. Free cash flow in 2026 should be around $12 billion at $4500 gold, so they are valued at around 10x free cash flow. I expect this multiple to reach at least 25 at $7000 gold.

They are somewhat dependent on copper prices for their low cash costs, with 10 billion lbs of copper and 150 million lbs of annual production. They are planning to double copper production, thereby becoming more dependent on copper demand.

They produce 28 million oz of silver at Penesquito in Mexico with an AISC of $15. This is only about 6% of their revenue. For this reason, they don't even include silver in their production numbers. They use copper and silver revenue to keep their gold cash costs low. If copper and silver increase in price, then their cash costs will drop.

If silver jumps to around $100, then 28M oz x $70 = $2B in FCF just from silver production. That should keep their AISC down.

They have a good dividend program that ties dividends to the price of gold. Currently, they are paying about $1 a share, which is about 2%. I expect that to double as gold prices rise.

They have high debt, which is about $5.5 billion, but they also have $8.8 billion in cash. To excite investors, they need to pay off their debt, but that won't happen anytime soon.


DD

General Details

Financial 05/24/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $115,303.86M $123,764.76M 05/24/2026 $8,460.90M
MCap (OS): $114,932.73M $123,366.40M 05/24/2026 $8,433.67M
Total Assets: $57,000.00M $57,000.00M 05/24/2026 $0.00M
Total Liabilities: $22,000.00M $22,000.00M 05/24/2026 $0.00M
Current Assets: $8,800.00M $8,800.00M 05/24/2026 $0.00M
Current Liabilities: $5,500.00M $5,500.00M 05/24/2026 $0.00M
Total Debt: $5,600.00M $5,600.00M 05/24/2026 $0.00M
Cash: $8,801.00M $9,001.00M 07/23/2026 $200.00M
Debt (Net): $-3,201.00M $-3,401.00M $-200.00M
Enterprise Value: $112,102.86M $120,363.76M $8,260.90M
Cash Flow: $12,074.35M $8,734.19M never $-3,340.17M
Cash Flow Multiple: 9.55 14.17 never 4.62
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 05/24/2026 n/a
Misc 05/24/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 1,067,552,764 1,067,552,764 05/24/2026 0
Shares (FD): 1,071,000,000 1,071,000,000 05/24/2026 0
Insider Ownership: n/a n/a 05/24/2026 n/a
Dividend (Annual): 0.97% 0.9% 07/23/2026 -0.07
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a n/a 05/24/2026 n/a
Production (Gold Eq Oz.): (guess) 
5,300,000		 (guess) 
5,300,000		 05/24/2026 0
Production (Silver Eq Oz.): (guess) 
307,533,004		 (guess) 
366,220,023		 05/24/2026 58,687,020
Development Phase: Producer (Multiple Mines) Producer (Multiple Mines) 05/24/2026 n/a
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 30
Producer: Elite Quality
 30
Producer: Elite Quality
 05/24/2026 0
Cash Flow Multiple: 25 25 05/24/2026 0.00

Resource Data

GOLD 05/24/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 118.00M 118.00M 05/24/2026 0.00M
Measured & Indicated: 170.00M 170.00M 05/24/2026 0.00M
Inferred: 60.00M 60.00M 05/24/2026 0.00M
Reserves & Resources: 230.00M 230.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 94.40M 94.40M 05/24/2026 0.00M
Measured & Indicated: 127.68M 127.68M 05/24/2026 0.00M
Inferred: 24.00M 24.00M 05/24/2026 0.00M
Reserves & Resources: 151.68M 151.68M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
5,300,000oz.		 (guess) 
5,300,000oz.		 05/24/2026 0oz.
Cash Cost: $1,300 $1,500 07/23/2026 $200.00
Extra Operating Cost: $1,000 $1,000 05/24/2026 $0.00
Total: $2,300 $2,500 07/23/2026 $200.00
Margin (Free Cash Flow): $2,278 (50%) $1,648 (40%) $-630.22
MCap / Production (AuEq): $21,755.45 $23,351.84 $1,596.40
EV / Production (AuEq): $21,151.48 $22,710.14 $1,558.66
G
R
A
D
E		 Underground (Avg): 5.00 g/t 5.00 g/t 05/24/2026 n/a
Open Pit (Avg): n/a 0.70 g/t 05/24/2026 n/a
Recovery Rate: (CG)  80.00% (CG)  80.00% 07/23/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: 120.00M 120.00M 05/24/2026 0.00M
Annual Production: 5,300,000oz. 5,300,000oz. 05/24/2026 0oz.
Cash Cost: $1,500 $1,700 07/23/2026 $200
Extra Operating Cost: $1,000 $1,000 05/24/2026 $0
SILVER 05/24/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/24/2026 0.00M
Measured & Indicated: n/a n/a 05/24/2026 0.00M
Inferred: n/a n/a 05/24/2026 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/24/2026 0.00M
Measured & Indicated: n/a n/a 05/24/2026 0.00M
Inferred: n/a n/a 05/24/2026 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/24/2026 $0.00
Extra Operating Cost: n/a n/a 05/24/2026 $0.00
Total: n/a n/a 05/24/2026 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $374.93 $337.95 $-36.98
EV / Production (AgEq): $364.52 $328.67 $-35.86
G
R
A
D
E		 Underground (Avg): n/a n/a 05/24/2026 n/a
Open Pit (Avg): n/a n/a 05/24/2026 n/a
Recovery Rate: n/a n/a 05/24/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/24/2026 0.00M
Annual Production: n/a n/a 05/24/2026 n/a
Cash Cost: n/a n/a 05/24/2026 n/a
Extra Operating Cost: n/a n/a 05/24/2026 n/a

Property

Last Analysis Data  (05/24/2026)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Alumbrera
37 n/a
Dev Cerro Negro
100 n/a
Prod Boddington
100 n/a
Prod Cracow
70 n/a
Prod Kalgoorlie
50 n/a
Prod Main Dome Open Pit
100 n/a
Prod Mt Rawdon
100 n/a
Prod Ridgeway Underground
100 n/a
Prod Tanami
100 n/a
Prod Telfer Underground
100 n/a
Prod West Dome Open Pit
100 n/a
Dev Cadia East Underground
100 n/a
Dev Cadia Valley Silver
100 n/a
Dev Kalgoorlie Stockpiles
50 n/a
Dev Marsden
100 n/a
Dev OCallaghans
100 n/a
Dev Other
100 n/a
Prod Musselwhite
100 n/a
Prod Porcupine
100 n/a
Prod Red Lake
100 n/a
Dev Borden Lake
100 show
4 million oz deposit at 1 gpt.

PEA due in 2014.

This mine will get built, but probably not until 2018.

Size: 35,000 ha
Dev Brucejack
100 show
Production scheduled for 2017 at 400,000 oz for 20+ years.

Size: 90,000 ha
Dev Eleonore
100 n/a
Exp Black Creek
100 n/a
Exp Borden Lake Sout
70 n/a
Exp Cochenour
100 n/a
Exp Coffee Gold
100 show
4 million oz deposit at 1.5 gpt and growing.

Economic PEA in 2014: 29% after-tax IRR at $1300 gold.

Feasibility study due in Q4 2015.

Size: 60,000 ha
Exp Cree Lake
0 n/a
Exp Cry Lake
100 n/a
Exp Hemlo North
100 n/a
Exp Kirkman
100 n/a
Exp Lach
100 n/a
Exp Matrix
100 n/a
Exp McFaulds West
100 n/a
Exp Needle Lake
100 n/a
Exp New Nanik
100 show
Early exploration.

Size: 13,000 ha
Exp Quebec
100 n/a
Exp Sail
100 n/a
Exp Sharpe Lake
0 n/a
Exp Snowfield
100 show
Long term project, but very large.

Size: 1,250 ha
Exp SY
100 n/a
Exp Tamarack
100 n/a
Exp Tatogga
100 show
Large mine. Mostly copper with gold and silver offsets.

Size: 47,000 ha
Exp TBN
100 n/a
Exp Victory
100 n/a
Exp Voigtberg
100 n/a
Exp West Timmins
45 n/a
Prod Bonikro
90 n/a
Dev Caspiche
100 show
20 million oz (.5 gpt) deposit, but they are going to focus on the higher grades and mine much less.

6 billion lbs of copper
40 million oz of silver (1 gpt)
Dev El Morro
70 n/a
Exp Magallanes
100 n/a
Dev Pueblo Viejo
40 n/a
Dev Namosi
69 n/a
Prod Ahafo open-pit
100 n/a
Prod Ahafo underground-pit
100 n/a
Dev Ahafo Stockpiles
100 n/a
Dev Akyem
100 n/a
Prod Marlin
100 n/a
Exp Cerro Blanco
100 n/a
Prod Batu Hijau
52 n/a
Prod Gosowong
82 n/a
Dev Batu Hijau stockpiles
52 n/a
Prod El Sauzal
100 n/a
Prod La Herradura
44 n/a
Prod Los Filos
100 n/a
Prod Penasquito Heap Leach
100 n/a
Prod Penasquito Mill
100 n/a
Exp Angeles
100 show
Early exploration, but they are drilling.
Exp Camino Rojo
100 n/a
Exp La Buena
100 show
Early exploration.
Exp Noche Buena
100 n/a
Exp San Nicolas
21 n/a
Prod Waihi
100 n/a
Prod Yanacocha In-Process
51 n/a
Prod Yanacocha Open Pits
51 n/a
Prod Yanacocha Silver
51 n/a
Dev Conga
51 n/a
Dev La Zanja
46 n/a
Prod Lihir Island
100 n/a
Dev Hidden Valley-Kaveroi
50 n/a
Dev Wafi-Golpu-Nambonga
50 n/a
Exp Merian
50 n/a
Prod Carlin Open Pits
100 n/a
Prod Carlin Underground
100 n/a
Prod Marigold
66 n/a
Prod Midas
100 n/a
Prod Nevada In-Process
100 n/a
Prod Phoenix
100 n/a
Prod Phoenix Copper
100 n/a
Prod Phoenix Stockpiles
100 n/a
Prod Turquoise Ridge
25 n/a
Prod Twin Creeks
100 n/a
Prod Wharf
100 n/a
Dev Dee
40 n/a
Dev Nevada Stockpiles
100 n/a
Exp Buffalo Valley
70 n/a
Exp Lone Tree
100 n/a
Exp Long Canyon
51 n/a
Exp Northumberland
100 n/a
Exp Sandman
100 n/a
Exp West Pequop
49 n/a
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Alumbrera
37 n/a
Dev Cerro Negro
100 n/a
Prod Boddington
100 n/a
Prod Cracow
70 n/a
Prod Kalgoorlie
50 n/a
Prod Main Dome Open Pit
100 n/a
Prod Mt Rawdon
100 n/a
Prod Ridgeway Underground
100 n/a
Prod Tanami
100 n/a
Prod Telfer Underground
100 n/a
Prod West Dome Open Pit
100 n/a
Dev Cadia East Underground
100 n/a
Dev Cadia Valley Silver
100 n/a
Dev Kalgoorlie Stockpiles
50 n/a
Dev Marsden
100 n/a
Dev OCallaghans
100 n/a
Dev Other
100 n/a
Prod Musselwhite
100 n/a
Prod Porcupine
100 n/a
Prod Red Lake
100 n/a
Dev Borden Lake
100 show
4 million oz deposit at 1 gpt.

PEA due in 2014.

This mine will get built, but probably not until 2018.

Size: 35,000 ha
Dev Brucejack
100 show
Production scheduled for 2017 at 400,000 oz for 20+ years.

Size: 90,000 ha
Dev Eleonore
100 n/a
Exp Black Creek
100 n/a
Exp Borden Lake Sout
70 n/a
Exp Cochenour
100 n/a
Exp Coffee Gold
100 show
4 million oz deposit at 1.5 gpt and growing.

Economic PEA in 2014: 29% after-tax IRR at $1300 gold.

Feasibility study due in Q4 2015.

Size: 60,000 ha
Exp Cree Lake
0 n/a
Exp Cry Lake
100 n/a
Exp Hemlo North
100 n/a
Exp Kirkman
100 n/a
Exp Lach
100 n/a
Exp Matrix
100 n/a
Exp McFaulds West
100 n/a
Exp Needle Lake
100 n/a
Exp New Nanik
100 show
Early exploration.

Size: 13,000 ha
Exp Quebec
100 n/a
Exp Sail
100 n/a
Exp Sharpe Lake
0 n/a
Exp Snowfield
100 show
Long term project, but very large.

Size: 1,250 ha
Exp SY
100 n/a
Exp Tamarack
100 n/a
Exp Tatogga
100 show
Large mine. Mostly copper with gold and silver offsets.

Size: 47,000 ha
Exp TBN
100 n/a
Exp Victory
100 n/a
Exp Voigtberg
100 n/a
Exp West Timmins
45 n/a
Prod Bonikro
90 n/a
Dev Caspiche
100 show
20 million oz (.5 gpt) deposit, but they are going to focus on the higher grades and mine much less.

6 billion lbs of copper
40 million oz of silver (1 gpt)
Dev El Morro
70 n/a
Exp Magallanes
100 n/a
Dev Pueblo Viejo
40 n/a
Dev Namosi
69 n/a
Prod Ahafo open-pit
100 n/a
Prod Ahafo underground-pit
100 n/a
Dev Ahafo Stockpiles
100 n/a
Dev Akyem
100 n/a
Prod Marlin
100 n/a
Exp Cerro Blanco
100 n/a
Prod Batu Hijau
52 n/a
Prod Gosowong
82 n/a
Dev Batu Hijau stockpiles
52 n/a
Prod El Sauzal
100 n/a
Prod La Herradura
44 n/a
Prod Los Filos
100 n/a
Prod Penasquito Heap Leach
100 n/a
Prod Penasquito Mill
100 n/a
Exp Angeles
100 show
Early exploration, but they are drilling.
Exp Camino Rojo
100 n/a
Exp La Buena
100 show
Early exploration.
Exp Noche Buena
100 n/a
Exp San Nicolas
21 n/a
Prod Waihi
100 n/a
Prod Yanacocha In-Process
51 n/a
Prod Yanacocha Open Pits
51 n/a
Prod Yanacocha Silver
51 n/a
Dev Conga
51 n/a
Dev La Zanja
46 n/a
Prod Lihir Island
100 n/a
Dev Hidden Valley-Kaveroi
50 n/a
Dev Wafi-Golpu-Nambonga
50 n/a
Exp Merian
50 n/a
Prod Carlin Open Pits
100 n/a
Prod Carlin Underground
100 n/a
Prod Marigold
66 n/a
Prod Midas
100 n/a
Prod Nevada In-Process
100 n/a
Prod Phoenix
100 n/a
Prod Phoenix Copper
100 n/a
Prod Phoenix Stockpiles
100 n/a
Prod Turquoise Ridge
25 n/a
Prod Twin Creeks
100 n/a
Prod Wharf
100 n/a
Dev Dee
40 n/a
Dev Nevada Stockpiles
100 n/a
Exp Buffalo Valley
70 n/a
Exp Lone Tree
100 n/a
Exp Long Canyon
51 n/a
Exp Northumberland
100 n/a
Exp Sandman
100 n/a
Exp West Pequop
49 n/a

Profitability (by resource)

Proven &
Probable		 05/24/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 118.00M 118.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1,306.62M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 94.40M 94.40M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1,045.29M
Maximum Profit (Gold): $215,060.19M $155,567.42M n/a $-59,492.77M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $215,060.19M $155,567.42M n/a $-59,492.77M
Max Profit / Current MCap: 1.865 1.257 n/a -0.608
Max Profit Per Share (Gold): $200.80 $145.25 n/a $-55.55
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $200.80 $145.25 n/a $-55.55
Total Free Profit Per Share: $93.14 $29.69 n/a $-63.45
FD MCap / Gold Eq.: $1,221.44 $1,311.07 n/a $89.63
FD MCap / Silver Eq.: $21.05 $18.97 n/a $-2.08
FD MCap / Per Metal
as % Spot Price:		 26.68% 31.61% n/a 4.93%
EV / Gold Eq.: $1,187.53 $1,275.04 n/a $87.51
EV / Silver Eq.: $20.47 $18.45 n/a $-2.01
EV / Per Metal
as % Spot Price:		 25.94% 30.74% n/a 4.80%
Measured &
Indicated		 05/24/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 170.00M 170.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1,882.41M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 127.68M 127.68M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1,413.80M
Maximum Profit (Gold): $290,878.02M $210,411.53M n/a $-80,466.49M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $290,878.02M $210,411.53M n/a $-80,466.49M
Max Profit / Current MCap: 2.523 1.700 n/a -0.823
Max Profit Per Share (Gold): $271.59 $196.46 n/a $-75.13
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $271.59 $196.46 n/a $-75.13
Total Free Profit Per Share: $163.93 $80.90 n/a $-83.03
FD MCap / Gold Eq.: $903.07 $969.34 n/a $66.27
FD MCap / Silver Eq.: $15.56 $14.03 n/a $-1.54
FD MCap / Per Metal
as % Spot Price:		 19.73% 23.37% n/a 3.64%
EV / Gold Eq.: $878.00 $942.70 n/a $64.70
EV / Silver Eq.: $15.13 $13.64 n/a $-1.49
EV / Per Metal
as % Spot Price:		 19.18% 22.73% n/a 3.55%

Reserves &
Resources		 05/24/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 230.00M 230.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2,546.80M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 151.68M 151.68M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1,679.56M
Maximum Profit (Gold): $345,554.34M $249,962.57M n/a $-95,591.77M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $345,554.34M $249,962.57M n/a $-95,591.77M
Max Profit / Current MCap: 2.997 2.020 n/a -0.977
Max Profit Per Share (Gold): $322.65 $233.39 n/a $-89.25
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $322.65 $233.39 n/a $-89.25
Total Free Profit Per Share: $214.99 $117.83 n/a $-97.15
FD MCap / Gold Eq.: $760.18 $815.96 n/a $55.78
FD MCap / Silver Eq.: $13.10 $11.81 n/a $-1.29
FD MCap / Per Metal
as % Spot Price:		 16.60% 19.67% n/a 3.07%
EV / Gold Eq.: $739.07 $793.54 n/a $54.46
EV / Silver Eq.: $12.74 $11.48 n/a $-1.25
EV / Per Metal
as % Spot Price:		 16.14% 19.13% n/a 2.99%

Future Valuation (Cash Flow & Totals)

Totals 05/24/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
C
U
R
R
E
N
T		 R & R Valuation: $208,325.50M $188,748.77M n/a $-19,576.73M
FD MCap: $115,303.86M $123,764.76M n/a $8,460.90M
Annual Gold Production: (guess) 
5,300,000oz.		 (guess) 
5,300,000oz.		 05/24/2026 0oz.
Annual Silver Production: n/a n/a 0oz.
F

U

T

U

R

E		 FD MCap (Resources): $252,000.00M $252,000.00M n/a $0M
FD MCap Growth (Resources): 119% 104% n/a -15%
FD MCap (Cash Flow): $596,250.00M $569,750M n/a -26,500.00M
FD MCap Growth (Cash Flow): 417% 360% n/a -57%
Estimated
Price		 USD: $556.72 $531.98 n/a $-24.74
Ratio FD MCap (Resources : Cash Flow): 0.42 0.44 n/a 0.02
Annual
Production		 Gold: 5,300,000 oz. 5,300,000 oz. n/a 0 oz.
Silver: n/a n/a n/a n/a
Current
FD MCap / 		Gold Eq. Reserves: 960.87 1,031.37 n/a 70.51
Silver Eq. Reserves: 27.45 29.47 n/a 2.01
Gold Eq. Production: 21,755.45 23,351.84 n/a 1,596.40
Silver Eq. Production: 621.58 667.20 n/a 45.61
P&P
Reserves
(oz.)		 Gold: 120.00M 120.00M 05/24/2026 n/a
Silver: n/a n/a 05/24/2026 n/a
Gold Eq.: 120.00M 120.00M 05/24/2026 n/a
Silver Eq.: 4,200.00M 4,200.00M 05/24/2026 n/a
P&P Reserves
per FD
Share (oz.)		 Gold: 0.112 0.112 n/a n/a
Silver: n/a n/a n/a n/a
Gold Eq.: 0.112 0.112 n/a n/a
Silver Eq.: 3.922 3.922 n/a n/a
Free Cash Flow 05/24/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Current: $12,074.35M $8,734.19M n/a $-3,340.17M
Current Multiple: 9.55 14.17 n/a 4.62
Current FCF/MCap Ratio: 10.47% 7.06% n/a -3.41%
Current FCF/Share: $11.27 $8.16 n/a $-3.12
F
U
T
U
R
E		 @ current pm prices: $11,014.35M $7,674.19M n/a $-3,340.17M
Multiple @ current pm prices: 10.47 16.13 n/a 5.66
Growth @ current pm prices: -8.78% -12.14% n/a -0.03
@ future prices: $23,850.00M $22,790.00M n/a $-1,060.00M
Multiple @ future prices: 4.83 5.43 n/a 0.60
Growth @ future prices: 160.93% 160.93% n/a 0.63

Defaults