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Newmont Corporation NEM

Alternate Symbol(s):  T.NGT

Newmont Corporation is a gold company and producer of copper, zinc, lead, and silver. Its portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operation is Ahafo. Its Australian operations include Boddington, Cadia, and Tanami. 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 in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, the national capital city. The Boddington mine operates within the Saddleback greenstone belt in Western Australia. Boddington is located 16 km from the rural farming town of Boddington and 130 km from Western Australia’s capital city, Perth.


NYSE:NEM - Post by User

Comment by HoneyBadger77on Apr 03, 2024 10:49am
100 Views
Post# 35967621

RE:Gold at $2290 this am

RE:Gold at $2290 this amOh we will get to and blow through the 200 DMA soon.  Nearly every other gold stock is now trading at or well above its 200 DMA but not NEM / NGT....Yet.  Gee I wonder why that is?

The hedge funds want to play with this one a bit yet around this level before they push it higher.  Gold up over $2300 and $23 today as I write this and NGT down .10 cents, yeah OK.  The 200 DMA is $38.16 and $51.44 CAD today.

Don't be fooled into giving up your still very cheap NEM / NGT shares.  I'm expecting an asset sale announcement soon and that will be a catalyst to move this higher.

My opinion only, please DYODD.

HB77


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