Newmont Mining (NEM)

[investar]

https://www.miningweekly.com/article/ne ... 2020-10-17

CEO sees growth in copper

[winston]

not vested

RISING GOLD PRICES ARE BOOSTING THIS WORLD-CLASS MINING STOCK
T
oday's stock is soaring as the price of gold climbs...

Lately, investors have been worried about inflation and potentially higher rates from the Federal Reserve. They're turning to safe-haven assets like gold...

And that's fantastic news for gold stocks. You see, when the price of gold rises, gold stocks can really take off. Just look at today's company...

Newmont (NEM) is the world's largest gold miner, with more than 94 million gold ounces in reserves.

It boasts world-class assets and operates in some of the most favorable mining regions around the globe.

When the price of gold rises, like it has recently, that's a major boon for Newmont... because higher gold prices only raise revenues, not fixed mining costs.

And you can see that in Newmont's most recent quarter... Sales increased 11% year over year, reaching almost $2.9 billion.

As you can see, NEM is up roughly 70% since the start of 2020. Since then, shares have handily outperformed the price of gold.

And they recently hit a fresh all-time high. If gold continues to head higher, Newmont should remain in an uptrend as well...

Source: Daily Wealth

[behappyalways]

Gold Miner Newmont Cuts Guidance After Disappointing Quarter
https://finance.yahoo.com/news/gold-min ... 44319.html

[behappyalways]

Newmont (NEM) Q1 Earnings Miss, Revenues Beat Estimates
https://finance.yahoo.com/news/newmont- ... 04834.html

[behappyalways]

Newmont Announces Second Quarter 2022 Results
https://newmont.com/investors/news-rele ... fault.aspx

[behappyalways]

Newmont Announces Third Quarter 2022 Results
https://www.businesswire.com/news/home/ ... 22-Results

[behappyalways]

Newcrest confirms $25b takeover bid from US mining giant Newmont Corp
https://www.google.com/amp/s/amp.smh.co ... 5ci58.html


Australian Gold Miner Newcrest Gets Takeover Offer From US's Newmont
https://m.youtube.com/watch?v=lGPODSNrDoc

[behappyalways]

Australia's Newcrest rejects $16.9 bln bid from Newmont
https://www.reuters.com/markets/deals/a ... 023-02-15/

[behappyalways]

Newmont Achieves 2022 Guidance; Provides Stable 2023 and Improving Longer-Term Outlook; Declares $0.40 Fourth Quarter Dividend
https://newmont.com/investors/news-rele ... fault.aspx



Newmont Announces Increased 2022 Mineral Reserves of 96 Million Gold Ounces and 68 Million Gold Equivalent Ounces
https://www.newmont.com/investors/news- ... fault.aspx


Newmont sees 'significant' shareholder value in buyout of gold rival Newcrest
https://finance.yahoo.com/news/gold-min ... 21206.html

[behappyalways]

Newmont plumps final bid for Australia's Newcrest to $19.5 bln
https://www.reuters.com/markets/commodi ... 023-04-10/

Australia's Newcrest rejects $16.9 bln bid from Newmont
https://www.reuters.com/markets/deals/a ... 023-02-15/