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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, prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations is Ahafo. 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 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 ecolo101on Apr 22, 2024 2:22pm
100 Views
Post# 36001766

RE:Isn't It Just Amazing...

RE:Isn't It Just Amazing...

I agree 100% with your view. My two cents is that a pullback is or was necessary because as they say a tree does not grow to the sky... consolidation around 38$ + is important to bring new investor which will want the $45 and the 2.5% dividend .
gold narrative will not change over the next few months. A pause and a sustainable step around $2400 will be supportive of the ascension to the $2500 level. One step at the time

the Lag between mining gold stock value and gold is just a matter of time when people realize that there is a lot of money to make versus current low valuations.

our timing is coming and it could be next summer as it happened in the past.
maybe management has a rabbit in the hat for us....a little bonus...

glta 
dyodd
note, I almost sold last week at neutral but change my mind because I have been waiting since I got in at $39... and I was expecting $47 exit point. Too bad they cut back the dividend but it is what it is.
the next leg up to come for sure this time and wallst will not prevent it. They will be the one manipulating it. Ha ha ha it is coming.  World instability is there to stay. 91 billions has been voted for war conflicts. We can not be happy with war but we are at war. It is the reality.

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