{
 "ticker": "NEM",
 "name": "Newmont",
 "url": "https://grantbishop.pages.dev/index/NEM",
 "sells": "Newmont mines and sells gold from large operations around the world.",
 "why": "We follow it because the House View watches gold, silver and other hard assets as part of its argument about government debt and inflation.",
 "questions": [
  {
   "slug": "hard-assets",
   "question": "Who holds the hard assets?",
   "url": "https://grantbishop.pages.dev/index/q/hard-assets"
  }
 ],
 "tests": [
  {
   "id": "W-1",
   "claim": "This inflation is coming from broken supply, not from too much money. While it lasts, owning the broad market is not the hedge our earlier views assumed.",
   "url": "https://grantbishop.pages.dev/claims/inflation-from-broken-supply"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-07-23",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000036/nem-20260630.htm"
 },
 "disclosed": [
  {
   "date": "2026-10-21",
   "figure": "$4,414",
   "what": "Newmont Q2 2026 realized gold price",
   "source": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000034/newmontq22026earningsrelea.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "$486",
   "what": "Decrease in Newmont realized price vs prior quarter",
   "source": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000034/newmontq22026earningsrelea.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "$4,468",
   "what": "Newmont Q2 2026 gross price received",
   "source": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000034/newmontq22026earningsrelea.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "$1,621",
   "what": "Newmont Q2 2026 AISC, by-product basis",
   "source": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000034/newmontq22026earningsrelea.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "$2,793",
   "what": "Newmont realized price less by-product AISC, Q2 2026",
   "source": null
  },
  {
   "date": "2026-10-21",
   "figure": "$4,000",
   "what": "Gold price assumption in Newmont gold-equivalent calculations",
   "source": "https://www.sec.gov/Archives/edgar/data/0001164727/000116472726000034/newmontq22026earningsrelea.htm"
  }
 ],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-07-23 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
  "timeline": [
   {
    "form": "10-Q",
    "filed": "2026-10-22",
    "period": "2026-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000043/nem-20260930.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-10-22",
    "period": "2026-10-22",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000041/nem-20261022.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-20",
    "period": "2026-08-20",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465926099237/tm2623668d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-08-13",
    "period": "2026-08-10",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465926095968/tm2623048d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-07-23",
    "period": "2026-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000036/nem-20260630.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-07-23",
    "period": "2026-07-23",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000034/nem-20260723.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-06-15",
    "period": "2026-06-15",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465926074137/tm2617970d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-13",
    "period": "2026-05-12",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465926060260/tm2614426d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-04-28",
    "period": "2026-04-24",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465926050355/tm2612965d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-04-23",
    "period": "2026-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000019/nem-20260331.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-04-23",
    "period": "2026-04-23",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000017/nem-20260423.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2026-02-19",
    "period": "2025-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000010/nem-20251231.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-19",
    "period": "2026-02-19",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000009/nem-20260219.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-10-23",
    "period": "2025-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000046/nem-20250930.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-10-23",
    "period": "2025-10-23",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000044/nem-20251023.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-09-29",
    "period": "2025-09-26",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465925094520/tm2527102d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-07-24",
    "period": "2025-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000035/nem-20250630.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-07-24",
    "period": "2025-07-24",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000033/nem-20250724.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-07-14",
    "period": "2025-07-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465925067786/tm2520685d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-05-02",
    "period": "2025-04-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465925044139/tm2513787d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-04-24",
    "period": "2025-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000020/nem-20250331.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-04-23",
    "period": "2025-04-23",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000018/nem-20250423.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2025-02-21",
    "period": "2024-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000011/nem-20241231.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-02-20",
    "period": "2025-02-20",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472725000008/nem-20250220.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2024-11-18",
    "period": "2024-11-18",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465924120181/tm2428762d1_8k.htm",
    "what_it_said": null,
    "from_piece": null
   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 125.16,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 124.58,
   "high": 127.28,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 81.34,
   "low_date": "2025-11-21",
   "high": 135.29,
   "high_date": "2026-08-25",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 130065419035,
   "currency": "USD",
   "as_of": "2026-11-09",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 1039193185,
    "as_of": "2026-10-15",
    "form": "10-Q",
    "filed": "2026-10-22",
    "url": "https://www.sec.gov/Archives/edgar/data/1164727/000116472726000043/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 06:15:40"
 },
 "exhibits": null,
 "mentions": [
  {
   "date": "2026-10-21",
   "slug": "gold-above-4000",
   "headline": "Gold's high price: insurance policy, or a standing verdict on currency?",
   "url": "https://grantbishop.pages.dev/pieces/gold-above-4000",
   "line": null,
   "idea": null
  }
 ],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}