Newmont Corporation NEM

Alternate Symbol(s): T.NGT

Metals & Mining Gold

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

Newmont Corporation

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Post by MaterialsManon Oct 29, 2024 1:15pm

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Post# 36287101

Imagine

Just think if NEM did what BA did yesterday. Boeing announces they are going to raise 15 billion through a sale of stock in order to "sure up' their balance sheet. IMO that reads in order to stay afloat.
Today, BA stock is up.
NEM's cap is a little over half that of BA.
So if NEM announced that they were going to issue about 8 billion in new shares, where do you think its SP would be today.
I'd guess down about 40 or 50 %.
I can't figure this game out.

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