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Newmont

Global gold and copper mining operator

Resource Modeling Intern

Summer 2027Updated
$22.44 - $46.25+ Annual discretionary bonus
Internship
Denver, CO, USA
HybridBased at Denver headquarters; hybrid work flexibility may be available depending on team requirements. Travel to Newmont sites may be required.
Architecture & Civil EngineeringGeotechnical Engineering

About the job

Requirements
  • Graduate students, or undergraduate students who have completed at least two full years of undergraduate coursework, are preferred.
  • The ideal candidate specializes in Earth Sciences, Engineering, or Mathematics.
  • Experience with Microsoft Office (Excel) and Power BI is preferred.
  • Experience in mining or a strong interest in learning about the mining industry is preferred.
  • Experience coding in Python.
  • Experience with mining software (MinePlan) and artificial intelligence or machine learning is preferred.
  • Strong organization, project, and self-time-management skills.
  • Strong research methods capability and writing skills.
  • Valid work authorization to work in the United States is required.
Responsibilities
  • Implement specific Resource Modeling-related projects and support the department’s day-to-day activities.
  • Provide general support to the Resource Modeling team for data analysis and reporting.
  • Execute projects, including developing stockpile block models for various sites using established workflows.
  • Research topics including geological and geostatistical methods, including machine learning and artificial intelligence approaches.
  • Support exploration data, mine data, and migration across software platforms and file types.
  • Support compilation of geoscience training materials.
  • Support Python coding efforts, including modification, development, and implementation.
  • Depending on skills and interests, collaborate with in-house specialists on a discipline-specific project.
Desired Qualifications
  • Experience with Microsoft Office (Excel) and Power BI.
  • Experience in mining or a strong interest in learning about the mining industry.
  • Experience with mining software (MinePlan) and artificial intelligence or machine learning.
  • Graduate students, or undergraduate students who have completed at least two full years of undergraduate coursework, are preferred.

About the company

N

Newmont

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Website

Newmont is a global mining company that extracts and processes gold and copper, with silver and other metals also produced. It discovers mineral resources, develops mines, and operates them to extract metals, which are then processed and sold to customers such as manufacturers, jewelers, and investors. It operates at a large global scale with a diversified metals portfolio, expanded by the Newcrest Acquisition, and it maintains a strong focus on sustainable practices and stakeholder engagement to support mine approvals. The goal is to grow its metal assets responsibly while ensuring safety, environmental stewardship, and a social license to operate across its worldwide operations.

Company Size

10,001+

Company Stage

IPO

Headquarters

Denver, Colorado

Founded

1916

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 free cash flow hit a record $2.2 billion.
  • Lihir's nearshore barrier targets more than five million additional ounces from 2028.
  • Ahafo North reached commercial production in October 2025, adding 275,000-325,000 ounces annually.

What critics are saying

  • Cadia's September 2026 seismic disruptions still threaten Australian output and guidance stability.
  • Red Chris development costs already exceed Newcrest-era estimates, squeezing returns and budgets.
  • FAST-41 permitting at Spring Peak can delay Newmont's $40 million Stage 2 commitment.

What makes Newmont unique

  • Newmont is rationalizing assets, selling Chile projects and Nevada's Mule Canyon in 2026.
  • Its portfolio combines Boddington, Tanami, Ahafo North, Lihir, and Red Chris.
  • Q2 2026 liquidity near $13 billion supports aggressive capital allocation and buybacks.

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Benefits

  • Remote Work Options
  • Wellness Program
  • Commuter Benefits

Growth & Insights and Company News

6 month growth

17%

1 year growth

18%

2 year growth

18%
Yahoo Finance
Oct 29th, 2026
Newmont stock could gain 20.3% in three years, but only if revenue growth holds

Newmont (NEM) shares returned 46.2% in the twelve months to October 28, 2026, beating the S&P 500's 14.0% gain. A Trefis three-year scenario puts the gold miner's stock about 20.3% higher, or 6.4% a year, excluding dividends. All of that gain would come from revenue growth, which the scenario sets at 19% a year, taking sales from $26.6 billion to $44.8 billion. A lower net margin and a lower price-to-earnings ratio give back part of it. Growth is already slower: revenue rose 15.2% in fiscal Q3 2026. For 2027, management expects production to rise by a low to mid-single-digit percentage, with higher unit costs. Newmont's fiscal Q4 2026 results, due in February 2027, will show whether revenue growth holds.

Yahoo Finance
Oct 29th, 2026
Newmont warns of rising 2027 costs as Penasquito silver output falls 30%

Newmont expects the cost of producing each ounce of gold to rise in 2027, management said on its October 22, 2026 earnings call. It cited macroeconomic headwinds and lower income from silver, copper and other metals mined alongside gold. Silver output at the Penasquito mine is forecast to fall about 30% from 2026 because of planned mine sequencing. Labour costs are also expected to rise by more than the roughly 3% assumed for 2026. All-in sustaining costs are expected to peak at $1,900 per ounce in the fourth quarter of 2026, up from $1,450 in the third quarter. Management has not said how much 2027 costs will rise. The stock returned 36.4% over the past year, and the company generated $1.91 billion of free cash flow last quarter.

Yahoo Finance
Oct 27th, 2026
Dalio's debt "heart attack" warning: US debt tops $40T and gold nears $4,000

Ray Dalio's warning of a US debt "heart attack" looks more pressing 19 months on, and gold has so far rewarded those who heeded his advice. Speaking on Bloomberg's "Odd Lots" podcast in March 2025, the Bridgewater founder put the timing at "three years, give or take a year." US debt crossed $40 trillion in August 2026. Interest costs take about 3.3% of GDP, and in July the 30-year Treasury yield hit its highest level since 2007. Gold traded below $3,000 an ounce when Dalio spoke and is now near $4,000. Newmont, the largest gold miner, sold gold at an average $4,317 an ounce in the third quarter, against an all-in sustaining cost of $1,454. It reported adjusted earnings of $2.20 a share on revenue of $6.36 billion.

Yahoo Finance
Oct 24th, 2026
Newmont, DRDGOLD and Franco-Nevada lead gold stocks with net margins above 34%

Gold briefly traded above $5,000 earlier this year, putting miners with tight costs and clean balance sheets in focus. A Simply Wall St screen of gold stocks with net margins over 34% highlights three names. Newmont, with a market cap of $118.9 billion, is a large global gold miner. It aims to cut operating costs and lift margins through productivity gains at sites such as Lihir and Boddington. DRDGOLD recovers gold from surface mine tailings in South Africa. It posted a 38.1% net margin and 33.4% return on equity on ZAR 11,159 million of FY2026 sales; its market cap is $2.1 billion. Franco-Nevada, a Toronto-based royalty and streaming company, has a market cap of CA$62.7 billion. It earned about $2.0 billion from precious metals in 2026, as record gold prices lifted royalty revenue.

Finanzen.net
Oct 23rd, 2026
Newmont stock: profit exceeds expectations, but the gold price creates headwinds.

Newmont stock: profit exceeds expectations, but the gold price creates headwinds. October 23, 2026, 5:03 p.m. The world's largest gold producer earns significantly more than expected, although it realizes almost US$100 less per ounce than in the previous quarter. * Newmont earns adjusted US$2.20 per share, more than expected * Realized gold price falls to US$4,317 compared with the previous quarter * Analysts are divided on Newmont stock Newmont earned more in the third quarter than expected: adjusted earnings per share rose by just under 29 percent year on year to US$2.20; analysts had expected an average of around US$1.95. The gold producer published the figures after the US market closed on Thursday. Newmont stock was trading at times at US$109.89 on the NYSE, down 3.70 percent. Fewer ounces, but significantly higher prices than a year ago. The jump in profit is mainly carried by the gold price. On average, Newmont realized US$4,317 per ounce, 22 percent more than a year earlier. That more than offset the fact that attributable gold production was around 8 percent below the prior-year figure at 1.30 million ounces. On the bottom line, Newmont earned US$2.5 billion, just over a third more than in the year-ago quarter. Free cash flow climbed 22 percent to US$1.9 billion. Compared with the previous quarter, the realized gold price did fall by US$97 per ounce. However, higher sales volumes and better copper prices more than offset this: net profit was US$0.3 billion above the second quarter's figure. Costs eased. All-in sustaining costs (AISC) per ounce fell 10 percent compared with the previous quarter to US$1,454, but were above the US$1,303 of the year-ago quarter. For 2026, Newmont lowered its cost forecast to US$1,520 per ounce and confirmed its production target of 5.3 million ounces. In the fourth quarter, however, the company expects costs of US$1,900 per ounce, even though it is set to be the strongest production quarter of the year. Since the last earnings release, US$1.9 billion has flowed back to shareholders through share buybacks and dividends. However, net liquidity of US$3.2 billion at the end of the quarter will shrink in the fourth quarter due to a payment of US$1.95 billion to Barrick Mining resulting from the amended agreement for the Nevada Gold Mines joint venture. Gold price is below Newmont's planning assumption. For the coming quarters, the gold price is more likely to become a headwind. A troy ounce currently costs around US$4,000, significantly less than the US$4,500 that Newmont uses as the basis for its 2026 forecast. In the first quarter, the company had still realized US$4,900 per ounce. Its own sensitivity calculation shows how much this matters: every change of US$100 per ounce affects revenue and costs by around US$505 million before taxes. The precious metal is currently being weighed down by rising oil prices, which fuel inflation concerns and expectations of higher policy rates. Analyst views on Newmont stock. Analysts are divided. According to TheFly, Freedom Broker downgraded Newmont stock from Buy to Hold after the figures and lowered its price target from US$130 to US$116. Analyst Vitaly Kononov sees Newmont as having the least favorable ratio of earnings growth, execution risks, and valuation potential in the sector. RBC Capital remains more optimistic and, after the figures, also confirmed its Buy rating with a price target of US$155. Of 13 analysts listed by TipRanks, eleven recommend Buy and two recommend Hold. The average price target of around US$137 is a good 20 percent above the last closing price of US$114.11. For the coming year, Newmont expects gold production to rise in the low-to-mid single-digit percentage range. At the same time, the company expects higher unit costs in 2027, partly due to rising diesel prices, unfavorable Australian dollar exchange rates, and gold-price-dependent royalties. The next fixed date for Newmont shareholders is November 25: anyone on the share register then will receive the quarterly dividend of US$0.26, which will be paid on December 21. Newmont intends to make a final decision on the expansion of the Red Chris mine in Canada in early 2027. Martina Köhler, Benedict Kurschat, finanzen.net editorial team This text is for information purposes only and does not constitute an investment recommendation. finanzen.net GmbH excludes any claims for recourse. Selected leveraged products on Newmont. With knock-outs, speculative investors can participate disproportionately in price movements. 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