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Newmont (XKAZ:NEM_KZ) Moat Score : 7/10 (As of Jul. 23, 2025)


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What is Newmont Moat Score?

Newmont has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Newmont has Wide Moat: Newmont Corp has a wide moat due to its leading position in the gold mining industry, significant economies of scale, and extensive reserves. The company benefits from strong brand recognition, regulatory barriers, and a superior distribution network, providing durable competitive advantages.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Newmont might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Competitive Comparison of Newmont's Moat Score

For the Gold subindustry, Newmont's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newmont's Moat Score Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Moat Score distribution charts can be found below:

* The bar in red indicates where Newmont's Moat Score falls into.


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Newmont  (XKAZ:NEM_KZ) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Newmont Moat Score Related Terms

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Newmont Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (XKAZ:NEM_KZ) » Definitions » Moat Score
Comparable Companies
AU RGLD CDE SA NAMM DC GROY CMCL CTGO RBTK SHSE:601899 TSX:AEM TSX:WPM TSX:ABX TSX:FNV MIC:PLZL JSE:GFI SHSE:600547 TSX:K ASX:NST
Traded in Other Exchanges
NEMCL:USA NEM:USA NEM:Peru NEM:Mexico 1NEM:Italy NMMd:UK 0R28:UK NMM:Germany NEM:Chile NGT:Canada N1EM34:Brazil NEM:Australia NEWM:Austria NEM:Argentina
Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Website
https://www.newmont.com
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to sell roughly 5.6 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2024.

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