NEM - Newmont: Healthy Pullbacks Are A Good Thing

2024-06-28 08:30:00 ET

Summary

• Newmont's production earnings reports from Q1 showed a rise in All-in Sustaining Costs per ounce and a return of capital through a share-repurchase program.
• Pullbacks in stock prices are healthy for long-term price follow-through, providing clear price structures and support levels for investors.
• Newmont's bullish outlook remains strong with the Peñasquito mine running, revenue from Newcrest Mining, and expected increases in gold, silver, and copper prices.

Contributed by Mark Malinowski, produced with Avi Gilburt.

Introduction

Some might say quoting yourself is a bit of an early victory lap, but back in March, we said, “Precious metals and precious metals miners are on the cusp of a run.”...

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