newmont (nem) in gold

sound money analysis & perspective

newmont (nem), the largest listed gold producer, priced in gold ounces. useful as a single-name stress test of senior producer economics: all-in sustaining costs, reserve replacement, and balance-sheet discipline versus simply owning bullion. when nem underperforms gold for long stretches, equity is transferring value away from shareholders to operating friction. this chart is unique because company filings and dollar charts cannot isolate that transfer. no substitute for nem-in-gold when deciding senior producer equity versus the metal.