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Newmont Corp. was already the largest producer of gold by a significant margin in 2022. Since then, it's acquired Australian competitor Newcrest in a $15 billion deal to solidify its leading position with what the company calls a "robust copper optionality."
Newmont is so large that its production is around twice its next-closest competitor, Barrick Gold Corp. (NYSE:GOLD).
But lately, shareholders have not been rewarded for its rapid growth, signaling a lack of confidence from investors as its...
>>> Read more: This Gold Mining CEO Says His Company's Stock is a 'Once-In-A-Generation Buy,' Seeks to Bounce Back from 5-Year Low
Newmont is so large that its production is around twice its next-closest competitor, Barrick Gold Corp. (NYSE:GOLD).
But lately, shareholders have not been rewarded for its rapid growth, signaling a lack of confidence from investors as its...
>>> Read more: This Gold Mining CEO Says His Company's Stock is a 'Once-In-A-Generation Buy,' Seeks to Bounce Back from 5-Year Low