Tom Palmer’s Final Interview: Newcrest, Divestitures, and What’s Next

Tom Palmer, outgoing CEO of Newmont, reflects on his tenure and the transformation of the world's largest gold mining company. Palmer discusses the strategic rationale behind the acquisition of Newcrest Mining and the subsequent divestiture of six mines, emphasizing a focus on long-life assets and disciplined capital allocation. He highlights Newmont's commitment to returning capital to shareholders, driven by a philosophy of generating free cash flow through price cycles and maintaining a strong balance sheet. Palmer also touches on the evolving investor base, noting a shift towards generalist investors who prioritize consistent performance and reliable guidance. He expresses optimism about the gold mining industry's potential to demonstrate long-term value and improve lives through safe and disciplined operations.