Research Insights

[VIDEO] Analyst insights: What to know about the world's largest gold miner

Jon Mills  |   02nd Jun 2023 | 4 min read
https://video.morningstar.com/aus/hd/2023/230421_Mills_Newmont_hd.mp4

Key Points: 

  • Morningstar recently increased long-term gold price assumption to US$1,700 an ounce, up from US$1,600.
  • We recently reinitiated coverage of the world's largest gold miner Newmont (NEM), which  is in takeover talks with ASX-listed Newcrest (NCM)
  • Newmont is interested in Newcrest because it's of its reserves. If you don't replace the reserves, you don't have a business, and Newcrest has more than two decades of reserves.

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