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NEM-NEWMONT CORP

Newmont to Complete $475 Million Sale of Australian Assets to Greatland Gold Amid Underperformance Concerns and Leadership Changes

Sunday

17 November, 2024

As Newmont prepares to finalize the $475 million sale of its Australian assets, the company faces scrutiny over its recent performance and rising operational costs. Can strategic divestitures and a focus on efficiency turn the tide for a company grappling with stock price volatility?

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Key Takeaways
  • Newmont's stock has seen a significant decline, dropping 20% after a disappointing earnings report.
  • The company's operational costs have risen sharply, impacting profitability.
  • Analysts have lowered revenue and earnings projections due to increased production costs.
  • Compared to competitors, Newmont's stock performance has been lackluster, with minimal growth.
  • Ongoing asset sales amid rising expenses raise doubts about future market competitiveness.
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