Newmont appoints Natascha Viljoen as President and COO

Published 02/05/2025, 21:46
Newmont appoints Natascha Viljoen as President and COO

DENVER - Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM), a leading gold and copper producer with a market capitalization of $57.35 billion, announced the promotion of Natascha Viljoen to President and Chief Operating Officer. Viljoen, who has served as the company’s Executive Vice President and Chief Operating Officer since 2023, will continue to report to Newmont’s CEO, Tom Palmer. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, supported by strong cash flows and moderate debt levels.

The appointment comes as Newmont has completed the integration of its portfolio following the acquisition of Newcrest. CEO Tom Palmer stated that Viljoen’s promotion is in recognition of her exemplary leadership and dedication to operational excellence. He emphasized that her new role is a strategic move to bolster the company’s leadership as it focuses on improving costs and productivity. The company’s strong performance is reflected in its impressive 39.16% year-to-date return, with InvestingPro data showing robust revenue of $19.67 billion in the last twelve months.

Viljoen brings a wealth of experience to her new position, having previously been the CEO of Anglo American Platinum, the world’s largest primary producer of platinum. She holds a Bachelor of Engineering from North West University and an Executive MBA from the University of Cape Town, both in South Africa.

Expressing gratitude for her new role, Viljoen shared her enthusiasm for leading Newmont’s efforts and ensuring that stakeholders, including employees, communities, partners, customers, and shareholders, benefit from the company’s robust portfolio.

Newmont, founded in 1921 and publicly traded since 1925, is recognized for its strong environmental, social, and governance practices and is the only gold producer listed in the S&P 500 Index. The company’s portfolio is spread across favorable mining jurisdictions in Africa, Australia, Latin America, North America, and Papua New Guinea.

The information regarding Natascha Viljoen’s promotion and her role at Newmont is based on a press release statement from the company.

In other recent news, Newmont Mining Corp. reported a strong start to the year, exceeding expectations with its first-quarter earnings and revenue. The company achieved an earnings per share of $1.25, surpassing the forecasted $0.88, and reported actual revenue of $5.01 billion against an anticipated $4.57 billion. Newmont’s robust performance was supported by record free cash flow of $1.2 billion and significant cash from operations. Additionally, Newmont completed a major divestment program, adding $2.5 billion in net cash, further strengthening its balance sheet. BMO Capital Markets responded positively to these developments, raising Newmont’s stock price target to $64 and maintaining an Outperform rating. The firm’s mining operations at Cadia, Penasquito, Lihir, and Ahafo were instrumental in driving positive results. Furthermore, Newmont has been actively repurchasing its stock, with $407 million worth of shares bought back in April.

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