Newmont Mining is a leading global gold mining company that specializes in the exploration, extraction, and production of gold and other precious metals
With operations spanning multiple continents, Newmont focuses on sustainable mining practices while actively pursuing opportunities to enhance its operational efficiency and reduce environmental impacts. The company is committed to responsible resource management, community engagement, and the advancement of safety standards in the mining sector. Through its diverse portfolio of mines and projects, Newmont continues to play a significant role in the gold industry, catering to the demand for this vital resource.
Newmont's $425 million sale of its Porcupine mine marks the completion of its non-core asset divestiture, enabling debt reduction and shareholder returns.
Newmont to sell Ontario's Porcupine operation to Discovery Silver Corp. for up to $425M as part of portfolio streamlining. Total expected proceeds from divestitures and investments to reach $4.3B.
The gold miners’ stocks are limping into 2025 seriously oversold, deeply undervalued, and really out of favor. While that doesn’t sound very bullish, this is a fantastic contrarian setup for a big revaluation year.
Gold's glitter is fading for Barrick and Newmont as stocks hit Death Cross, down year-to-date. Geopolitical tensions and rising yields add to the woes.
Stock market gains during Dec. 24-Dec. 31 window, known as Santa Claus rally, averaging 0.85% return in 64 out of 96 years. 2018 saw strongest rally of 6.6%.
Holiday celebrations dampened by Fed's hawkish tone, sending shockwaves through markets. Santa Rally hopes crumble before Friday's inflation data, offering a glimmer of hope for a year-end rally.
Newmont Corporation (NYSENEM) to sell Cripple Creek & Victor operation to SSR Mining Inc for up to $275 million. Total proceeds from divestment program expected to reach $3.9 billion by Q1 2025.
