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Newmont Corporation NEM

Alternate Symbol(s):  T.NGT

Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. The Company’s portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. Its Ahafo mine is located in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, Ghana. Boddington is located 130 km southeast of Perth in Western Australia and its project area comprises over 52,506 acres (21,249 hectares) of mining tenure leased from the State of Western Australia.


NYSE:NEM - Post by User

Comment by HoneyBadger77on Apr 03, 2024 2:54pm
51 Views
Post# 35968485

RE:What impact has inflation on production costs

RE:What impact has inflation on production costsWell the stock is up about 25% from its 52 week low and so some are no doubt waiting for confirmation of tangible progress before they'll be convinced it's going higher.  It looks like it's going to consolidate a bit here.

My quess is we'll get a late day run to about $50.61 CAD and many here will sell and grab profit.  Then tomorrow they will run it up to it's 200 DMA around $51.50 and the sellers will say damn I should of held.

Another $35 move up in gold today and only this slight move up is suspicious to me.  If you don't think this stock has a long way to go up from here go look at a 10 year chart and see what awaits.

HB77


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