CopperSeveral of the miners that produce copper are close to new highs.
The price of copper is on a tear, and that fact is being reflected in those companies stock prices.
E.G.: FCX, BHP, and SCCO
NEM is putting a major focus on copper and it's one of reasons it wanted Newcrest.
There is no way that Newmont's copper production is being factored into the price.
I suspect the numbers reflecting the volume of copper being mined will raise some eyebrows when the upcoming report comes out in just a little over a week from now.