NEM drawdown: 29.4% below the all-time high
Newmont Corporation (NEM) is 29.4% below its all-time high, set Jan 28, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1983).
- Below all-time high
- −29.4%
- 70.6% of ATH
- All-time high
- $131.9
- Jan 28, 2026
- Time below the high
- 6 mo
- since Jan 28, 2026
- Worst-ever drawdown
- −78.4%
- Sep 23, 2015
- Longest underwater
- 9.7 yrs
- between all-time highs
- Today's level first reached
- Oct 15, 2025
- 9 mo ago
- Last time this deep
- Jul 21, 2025
- in a previous episode
% of all-time high since 1983#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of NEM, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Nov 7, 2011 | Sep 23, 2015 | −78.4% | 3.9 yrs | May 17, 2021 | 9.5 yrs |
| May 31, 1996 | Oct 25, 2000 | −78.4% | 4.4 yrs | Jan 30, 2006 | 9.7 yrs |
| Feb 1, 2006 | Oct 27, 2008 | −65.2% | 2.7 yrs | Sep 7, 2010 | 4.6 yrs |
| Apr 18, 2022 | Feb 27, 2024 | −65.0% | 1.9 yrs | Oct 1, 2025 | 3.5 yrs |
| Sep 18, 1987 | Oct 20, 1987 | −58.8% | 32 days | Jan 10, 1996 | 8.3 yrs |
| Aug 29, 1983 | Jul 26, 1984 | −48.3% | 11 mo | Sep 19, 1986 | 3.1 yrs |
| Jan 28, 2026 | Jul 20, 2026 | −32.4% | 6 mo | not yet | 6 mo+ |
| May 18, 2021 | Dec 2, 2021 | −28.4% | 7 mo | Mar 7, 2022 | 10 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1983: how far NEM stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: NEM is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is NEM from its all-time high?
- NEM is currently 29.4% below its all-time high, set Jan 28, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest NEM drawdown ever?
- The deepest decline on record in our data (since 1983) took the stock 78.4% below its prior high, bottoming Sep 23, 2015. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1983 (split-adjusted). "All-time" means since our price data begins — NEM may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.