Newmont Announces CFO Resignation and Interim Appointment

The latest announcement is out from Newmont Mining ( (NEM) ).

Newmont Corporation announced the resignation of its Executive Vice President and Chief Financial Officer, Ms. Karyn F. Ovelmen, effective July 11, 2025. Her departure is not due to any disagreements with the company’s operations or financial practices. Peter Wexler, currently the Chief Legal Officer, will serve as interim CFO while the company searches for a permanent replacement. This leadership change is supported by Newmont’s experienced global finance team, ensuring continuity in financial reporting and investor relations. The transition is part of a separation agreement that includes compensation and insurance for Ms. Ovelmen.

The most recent analyst rating on (NEM) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on Newmont Mining stock, see the NEM Stock Forecast page.

Spark’s Take on NEM Stock

According to Spark, TipRanks’ AI Analyst, NEM is a Outperform.

Newmont Mining’s score is primarily driven by its strong financial performance and strategic operational management. While technical indicators and valuation support a positive outlook, challenges such as anticipated higher costs and global tariff volatility are notable risks. Corporate events and earnings call insights further reinforce the company’s commitment to strategic growth.

To see Spark’s full report on NEM stock, click here.

More about Newmont Mining

Newmont Corporation is a leading company in the mining industry, primarily focused on the extraction and production of gold and other precious metals. It operates globally and is known for its extensive mining operations and commitment to sustainable practices.

Average Trading Volume: 12,481,617

Technical Sentiment Signal: Buy

Current Market Cap: $66.92B

For an in-depth examination of NEM stock, go to TipRanks’ Overview page.