Newmont Stock: The High-Volume Gold Miner Is Deeply Oversold World-famous mining company Newmont (NEM) is keeping its costs reasonable and producing vast amounts of gold while also paying out a nice dividend. Yet, Newmont stock is beaten down – but that’s fine for opportunistic, contrarian investors. I am bullish on Newmont stock. Denver, Colorado-headquartered Newmont mines for a number of minerals, including copper, silver, zinc, and lead. However, the company is best known for its aggressive gold production. During gold bull markets, Newmont''s strong focus on gold mining often translates to steady, robust gains for investors.