Newmont management check
NEM · Materials · Gold · CEO Natascha Viljoen (since the last proxy; previously Mr. Palmer)
Filings as of
2 good · 3 to watch · 2 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $195, against $330 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.99 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.2% of net income$15.6m of reported pay in fiscal 2025, against $7.2bn of net income.
- Watch
Do they own the stock?
New CEO since the proxyNatascha Viljoen filed as President & CEO after the last proxy (which named Mr. Palmer) and holds 127,471 shares, about $14.6m. Their pay will be in the next proxy. 5 insiders sold $7.0m in the last six months and none bought. 12 of 13 sales ran on pre-arranged 10b5-1 plans.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +14.8% a year over the last three fiscal years. Stock-based pay was 0.4% of revenue in the latest year.
- Watch
Is leadership stable?
New CEO: Natascha ViljoenNatascha Viljoen has filed as CEO since the last proxy. CEO in the pay table: Mr. Palmer. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Watch
Are the books clean?
An annual report was amendedNo restatements, auditor changes or late filings since 2021. 1 amended annual report.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Materials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 40 | |
| Pay for performance | 100 | 77 | |
| CEO cost | 100 | 40 | |
| Skin in the game | — | — | 38 |
| Dilution | 0 | 71 | |
| Stable leadership | 70 | 70 | |
| Clean books | 70 | 100 |
Closest peers
Nearest in rank in Materials, by management score. Newmont is 16th of 24 in its sector.
- 317MOSMosaic Company (The)60
- 326BALLBall Corporation59
- 368NEMNewmont57
- 386DOWDow Inc.55
- 409APDAir Products52
- 418LYBLyondellBasell51
Pay versus performance
From the proxy statement filed March 26, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Palmer | $15.6m | $46.3m | $4.5m | $195 | $330 | $7.2bn |
| 2024 | — | $13.0m | $3.3m | $4.5m | $72 | $156 | $3.4bn |
| 2023 | — | $11.7m | $1.1m | $3.9m | $78 | $162 | −$2.5bn |
| 2022 | — | $13.7m | $3.4m | $3.9m | $85 | $154 | −$369.0m |
| 2021 | — | $12.7m | $15.4m | $3.9m | $107 | $157 | $233.0m |
The board says pay is tied most to Free Cash Flow. Its other key measures: Absolute Total Shareholder Return (TSR), Relative Total Shareholder Return (rTSR).
Insiders and the CEO's stake
Natascha Viljoen (President & CEO) held 127,471 shares directly after their latest Form 4 on Oct 1, 2026, roughly $14.6m at that filing's price.
5 insiders sold $7.0m in the last six months and none bought. 12 of 13 sales ran on pre-arranged 10b5-1 plans.
- SoldNatascha ViljoenPresident & CEO · 10b5-1 plan$2.1mOct 1, 2026
- SoldPeter TothEVP, Chief Sustain & Dev Off · 10b5-1 plan$1.9mOct 1, 2026
- SoldPeter WexlerEVP, CLO & Interim CFO · 10b5-1 plan$1.5mMay 1, 2026
- SoldBrian TaboltChief Financial Officer$1.2mAug 5, 2026
Leadership and governance on file
- Aug 20, 2026Leadership change8-K 5.02
- Jun 15, 2026Leadership change8-K 5.02
- Apr 28, 2026Leadership change8-K 5.02
- Sep 29, 2025Leadership change8-K 5.02
- Jul 14, 2025Leadership change8-K 5.02
- May 2, 2025Leadership change8-K 5.02
- Nov 18, 2024Leadership change8-K 5.02
- Jun 28, 2024Leadership change8-K 5.02
- Feb 22, 2024Leadership change8-K/A 5.02
- Oct 2, 2023Leadership change8-K/A 5.02
- Aug 16, 2023Leadership change8-K/A 5.02
- Jun 7, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 13, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $11.2bn returned to owners in buybacks and dividends, 130% of net income, and $416.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $12.2bn | $11.9bn | $11.8bn | $18.7bn | $22.7bn |
| Net income | $1.2bn | −$429.0m | −$2.5bn | $3.3bn | $7.1bn |
| Stock-based pay | $72.0m | $76.0m | $80.0m | $89.0m | $99.0m |
| Buybacks | $525.0m | $0 | $0 | $1.2bn | $2.3bn |
| Dividends | $1.8bn | $1.7bn | $1.4bn | $1.1bn | $1.1bn |
| Diluted shares | 801m | 795m | 841m | 1148m | 1108m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.