NEM (Newmont) Reserves - Probable (K): 0.00 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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NEM Newmont Corp NEM
83 GF Score
Price $97.12
GF Value $72.47
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Newmont Reserves - Probable (K)?

Newmont NEM +4.32% 83 Reserves - Probable (K) is 0.00 as of Mar. 2026. GuruFocus rates NEM with a GF Score™ of 83/100 and a GF Value™ of $72.47 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Probable reserves are reserves calculated to be at least 50% likely to be recovered through drilling.

Newmont's Reserves - Probable (K) for the annual that ended in Dec. 2025 was 11,859,500.00 , which lower from pervious year (Dec. 2024)'s result by 6.95%.

The historical rank and industry rank for Newmont's Reserves - Probable (K) or its related term are showing as below:

NEM's Reserves - Probable (K) is not ranked *
in the Metals & Mining industry.
Industry Median:
* Ranked among companies with meaningful Reserves - Probable (K) only.

Newmont  (NYSE:NEM) Reserves - Probable (K) Explanation

Reserves - Probable (K) are reserves calculated to be at least 50% likely to be recovered through drilling. Probable reserves do not necessarily imply proven reserves, since a firm may decide not to recover the deposits because of the expensive economics involved in extraction.

Any combination of regulatory, economic and technological challenges could reduce the likelihood that a firm can profitably extract the reserve.

Newmont Reserves - Probable (K) Related Terms

Newmont Reserves - Probable (K) Historical Data

* Premium members only.

The historical data trend for Newmont's Reserves - Probable (K) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Newmont Reserves - Probable (K) Chart

Newmont Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Reserves - Probable (K)
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Ounces Produced (K)
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Sales in Ounces (K)
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Reserves - Proven (K)
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NewmontQuarterly Data
Trend Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Reserves - Probable (K)
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Ounces Produced (K)
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Sales in Ounces (K)
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NEM vs AU, RGLD, CDE: Reserves - Probable (K) Comparison

For the Gold subindustry, Newmont's Reserves - Probable (K), along with its competitors' market caps and Reserves - Probable (K) 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.

NEM
83GF Score
Newmont Corp NEM
Reserves - Probable (K) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions
What does a Reserves - Probable (K) of 0.00 mean?
Newmont (NEM) has a Reserves - Probable (K) of 0.00 as of Mar. 2026. Probable reserves are reserves calculated to be at least 50% likely to be recovered through drilling. View historical data on Newmont and its competitors.
Is Newmont's Reserves - Probable (K) too high?
Newmont's current Reserves - Probable (K) is 0.00. Overall, Newmont has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Newmont's Reserves - Probable (K) compare to AU and RGLD?
Newmont's Reserves - Probable (K) of 0.00 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Reserves - Probable (K) for a Metals & Mining company?
A good Reserves - Probable (K) depends on the Metals & Mining industry context. However, Reserves - Probable (K) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Reserves - Probable (K) mean?
A high Reserves - Probable (K) can signal that a stock is expensive relative to its fundamentals. Probable reserves are reserves calculated to be at least 50% likely to be recovered through drilling. View historical data on Newmont and its competitors. Newmont's current Reserves - Probable (K) is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newmont stock overvalued right now?
Based on GuruFocus' analysis, Newmont (NEM) is currently considered Significantly Overvalued. The stock's GF Value™ is $72.47, compared to a current price of $97.12 — trading 34% above its estimated fair value. The current Reserves - Probable (K) is 0.00. Newmont's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Reserves - Probable (K) calculated?
Reserves - Probable (K) is calculated from a company's financial statements. For Newmont (NEM), the current Reserves - Probable (K) is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Newmont (NEM) Overvalued in 2026?

Based on GuruFocus' analysis, Newmont stock appears to be overvalued. The current stock price of $97.12 is trading 34% above its estimated GF Value™ of $72.47. GuruFocus considers Newmont to be Significantly Overvalued.

Key valuation signals for NEM:

  • Reserves - Probable (K): 0.00
  • GF Value™: $72.47 vs. price of $97.12 (34% above fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the NEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Newmont Business Description

Address 6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
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 11 mines and interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. The company is expected to sell roughly 5.3 million ounces of gold in 2026 from its continuing mines after selling six higher-cost, smaller mines following the Newcrest acquisition. 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 2025.
83GF Score

Get the complete analysis for NEM

Reserves - Probable (K) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$97.12
Price
$72.47
GF Value