Newmont Mining Corp (NEM): Turning Gold Into Shareholder Returns

Newmont Mining Corp (NYSE: NEM  ) is one of the world's largest gold miners. On the surface that seems like a pretty simple business model. And it is, until you dig down a little deeper. Let's dive in to what it takes this gold titan to make profits shine.
Dig hole, repeatMining isn't too complex. You dig stuff out of the ground, process it a little bit, and then sell it. Do that over and over again and you have a business. But while that may be enough to get you started in understanding what a company like Newmont Mining does, it only scratches the surface of the whole process.
The first thing that you have to do when you are looking to open a gold mine -- or copper mine, since Newmont is in both businesses -- is to find a good spot. That means geologic research to make sure there's actually something worth digging up. This is an important step, since setting up a new mine, or expanding an existing mine, is a time-consuming and expensive process. (more)
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