Why Newmont Mining Rallied in February
Source: Motley Fool
2026-03-09 12:25:00 ET
Shares of gold miner Newmont Mining (NYSE: NEM) rallied 15.7% in February, according to data from S&P Global Market Intelligence .
Newmont is the largest mining company in the world that primarily mines gold , while it also generates ancillary revenue from byproducts copper, zinc, silver, lead, and other metals.
But as Newmont is primarily a gold producer, the stock is heavily levered to gold prices. Gold prices rose during February, bolstering shares, while Newmont also delivered fourth-quarter earnings above consensus. Moreover, a dispute with its JV partner on a certain project actually helped bolster investor sentiment on top of all that.
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