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.
Canonical asset packet first: fundamentals, macro index exposure, entry value, and active narrative alignment. Driver rows link back to the public index that moved the score.
| Index | Driver | Reason | Weight | Condition | Contribution | As Of |
|---|---|---|---|---|---|---|
| DXMI | Dollar Momentum Index | usd headwind | 15% | usd headwind Near normal—/100Headwind -0.26σ | -0.052 | 2026-05-29 |
| GSRI | Gold-to-Stocks Ratio Index | gold haven demand | 15% | gold haven demand — headwind Near normal—/100Headwind -0.17σ | -0.035 | 2026-05-29 |
| RQRI | Risk-Quality Rotation Index | risk appetite | 2% | risk appetite — tailwind Moderate signal—/100Tailwind +0.77σ | +0.019 | 2026-05-29 |
Part of Precious Metals & Hard Assets · core · 3y thesis
Hard-asset exposure matters because some market regimes reward scarcity, reserve assets, or commodity-linked cash flows. The theme lets the app show that exposure without forcing it into equity sector labels.
Other assets exposed to the same themes as NEM — a cross-sector view, not a correlation or forecast.
What would make this thesis wrong, and where the near-term downside sits. Plain reads, not forecasts.
Invalidation analysis is deferred to v2 and will use contribution-weighted headwind thresholds.
