peak, summit
峰(みね)、山峰(さんぽう)、連峰(れんぽう)
peak, mountain peak, mountain range
On-reading (ホウ) is used in compounds; kun-reading (みね) is used standalone or with okurigana. Appears in many compounds — memorize the key ones rather than the kanji in isolation.
From the JLP Quiz question bank — the word in the form it is actually tested in.
「峰」の成り立ちとして正しいのはどれか。
Answer: 形声文字:「山」が意符、「夆(ホウ)」が音符