NEM-NEWMONT CORP

Newmont Shares Plummet 14.7% Following Disappointing Q3 Earnings Amid Rising Costs and Regulatory Concerns

Thursday

07 November, 2024

Newmont Corporation's shares took a sharp 14.7% hit after disappointing Q3 earnings, revealing rising production costs and unmet expectations. With significant gold reserves and a commitment to shareholder returns, can the largest gold mining company navigate these challenges and regain investor confidence?

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Key Takeaways
  • Newmont's stock has dropped 14.7% due to underwhelming third-quarter earnings.
  • Increased production expenses are surpassing sales growth, threatening profit margins.
  • UBS's downgrade reflects reduced investor trust in the company.
  • The lack of dividend increases has frustrated shareholders.
  • Limited economically recoverable gold reserves pose valuation risks for the company.

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