13 of 23
BACKNEXT
13. Newmont Mining
13. Newmont Mining
2010 Fortune 500 rank: 295
2009 profit growth: 52.1%
2009 revenue growth: 24.8%

CEO since 2007: Richard T O'Brien

In July 2007, with gold at $660 an ounce, Newmont CEO Richard O'Brien canceled his company's short positions on the precious metal and then watched gold zoom past $1,200 in 18 months. He also cut costs by 4% and boosted production.

The result: Sales were up 25% last year, to $7.7 billion, and profits rose 52%, to $1.3 billion.

Now Moynihan is betting that currency weaknesses, budget deficits, and low interest rates will continue to enhance gold's luster.

NEXT: 14. Ross Stores

Email | Print | Share
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Last updated April 28 2010: 12:37 PM ET
Top 50 Wal-Mart knocks Exxon Mobil out of the No. 1 slot to rule the Fortune 500 again. Which other companies made the top 50 this year? More
They're hiring! These Fortune 100 employers have at least 200 openings each, totaling more than 60,000 jobs. What are they looking for in a new hire? More
The biggest losers Companies from Fannie Mae to RiteAid, and Citigroup to Sprint lost billions of dollars last year. Who lost the most? More