Newmont: Leveraging Bullion Strength for Strategic Growth
GoldBank Insider por Gold Bank
Notas del episodio
Welcome to Gold Bank Podcast. Today we’re covering Newmont’s latest earnings beat and what it signals for gold-linked equities, a key watch for UK investors tracking miners, commodity exposure, and risk sentiment.
Main News
Newmont, the world’s largest gold miner, beat Wall Street’s 4th-quarter profit expectations, helped by a strong gold-price backdrop that offset lower production.
Adjusted earnings came in at $2.52 per share versus estimates around $2.00, while production fell to about 1.45 million ounces, impacted by planned mine sequencing at sites including Peñasquito, Ahafo South, and Cadia.
Newmont also said it plans to invest $1.4 billion to develop assets it acquired through its Newcrest deal, with projects referenced including Cadia Panel Caves, Tanami Expansion 2, and the Red Chris feasibility study, al ...