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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

Post by Shermandrock1on Dec 19, 2024 1:16pm
68 Views
Post# 36370647

FWIW

FWIWEach of the past 2 trading days, NEM has traded 3M+ shares at the close. This suggests either a buyer(s) of size or the Company actively repurchasing shares. That said, the gold in the ground has not evaporated and can still be sold at or about $2,600 per ounce. In addition, with the price at or about $37ish, does that not make NEM at an attractive/reasonable target for acquisition? To buy the company in its entirety, would cost less than covering the underlying shorts.
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