01:24 PM EDT, 04/25/2024 (MT Newswires) --
Newmont (NEM) rose almost 12% on Thursday after reporting
improved Q1 financial results that also exceeded analyst
projections.
The miner also announced the sale of a
stream credit facility and off take agreement back to Lundin
Gold, the owner of a gold and silver mine in Ecuador, for total
consideration of $330 million.
Lundin will make the payment
in two tranches, $180 million due at closing on June 28 and the
remaining $150 million by the end of September, Newmont said. It
has maintained its stake the mine through equity stake in Lundin.
Newmont earned $0.55 per
share during the three months ended March 31, as adjusted, up from
$0.40 per share during the year-ago quarter, beating the
consensus of $0.37 per share polled by Capital IQ. Revenue
jumped to $4.02 billion from $2.68 billion, also topping the
$3.68 billion consensus.
NEM momo
Posted by matt on 25th of Apr 2024 at 01:11 pm
NEM - Chart Link largest component of GDX, powerhouse today breakaway gap earnings
very nice weekly!
NEM - Chart Link
Very nice!
Posted by EdZ on 25th of Apr 2024 at 01:30 pm
Very nice!
01:24 PM EDT, 04/25/2024 (MT Newswires) -- Newmont (NEM) rose almost 12% on Thursday after reporting improved Q1 financial results that also exceeded analyst projections.
The miner also announced the sale of a stream credit facility and off take agreement back to Lundin Gold, the owner of a gold and silver mine in Ecuador, for total consideration of $330 million.
Lundin will make the payment in two tranches, $180 million due at closing on June 28 and the remaining $150 million by the end of September, Newmont said. It has maintained its stake the mine through equity stake in Lundin.
Newmont earned $0.55 per share during the three months ended March 31, as adjusted, up from $0.40 per share during the year-ago quarter, beating the consensus of $0.37 per share polled by Capital IQ. Revenue jumped to $4.02 billion from $2.68 billion, also topping the $3.68 billion consensus.
NEM is helping GDX a
Posted by matt on 25th of Apr 2024 at 01:12 pm
NEM is helping GDX a lot today since it's the largest component. But otherwise most of the stocks had that 3-wave pullback look