Core Viewpoint - The article discusses the bullish outlook on gold prices, with predictions that gold could exceed $4,000 per ounce by the end of the year, driven by Federal Reserve rate cuts and inflation concerns [5][4]. Group 1: Market Dynamics - The Federal Reserve recently cut rates by a quarter-point, with expectations for more cuts, which may lead to over-easing risks [5][4]. - The U.S. Treasury is issuing 80% of government debt on the short end of the yield curve, decreasing the supply of long-term Treasuries and boosting demand, which puts downward pressure on the 10-year Treasury yield [6][7]. - Falling Treasury rates have historically correlated with rising gold prices, as seen in the recent performance of gold against the backdrop of declining yields [8]. Group 2: Investment Opportunities - The GAMCO Global Gold, Natural Resources & Income Trust (GGN) offers a 7.4% dividend by holding mining stocks and utilizing covered-call options, making it an attractive option for income generation [10][11]. - Newmont Corp. (NEM), the largest gold miner, is positioned well due to low energy costs and high gold prices, reporting a 21% year-over-year revenue increase in Q2 and a nearly doubled EPS [12][14]. - NEM's shares are trading at a forward P/E of 14, below the five-year average of 18, and the company has announced $3 billion in buybacks, indicating strong management confidence [14][16].

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Core Insights - Newmont Corporation (NEM) has successfully completed its first gold pour at the Ahafo North Project in Ghana on September 19, 2025, marking a significant step towards commercial production expected in Q4 2025 [1][6] - The Ahafo North Project is anticipated to produce between 275,000 and 325,000 ounces of gold annually over an estimated mine life of 13 years, contributing significantly to the local economy through job creation and fiscal contributions [2][6] Group 1 - The Ahafo North Project has created approximately 4,500 contracted jobs and is expected to generate an additional 560 permanent and 1,000 contracted roles, enhancing economic development in Ghana [2][6] - The project is located at Afrisipakrom, about 30 kilometers from Newmont's Ahafo South site, and is built on leases acquired from Normandy Mining in 2002, representing Newmont's third investment in Ghana [3] - Ahafo North is considered the best unmined gold deposit in the region, reinforcing Newmont's long-term growth and value creation strategy [3] Group 2 - Newmont's shares have increased by 56.7% over the past year, while the industry has seen a growth of 77.6% [4] - Newmont currently holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence in the company's performance [5]

Core Insights - Bluebeam has announced a strategic partnership with Procore, introducing two new integrations aimed at enhancing collaboration and efficiency in the architecture, engineering, and construction (AEC) industry [1][2] Integration Details - The Procore Documents + Bluebeam integration allows users to add markups directly to files in Procore, ensuring that all changes are automatically saved back to Procore, thus mitigating version control issues [3] - The Procore Submittals + Bluebeam integration connects Bluebeam's markup tools with Procore's Submittals workflow, enabling teams to collaboratively review submittal PDFs and automatically return marked-up documents to Procore, preserving a complete audit trail [4] Strategic Goals - The partnership aims to eliminate data silos and streamline workflows, allowing project teams to work from a single source of truth throughout the project lifecycle [1][2] - Bluebeam's Head of Product emphasized the importance of removing barriers to collaboration, enabling construction professionals to focus on building rather than managing documents and data [5] Broader Connectivity Initiatives - Other brands within the Nemetschek Group are also enhancing their connectivity with Procore, including Solibri, which introduces cloud-based BIM model checking, and GoCanvas & SiteDocs, which facilitate mobile data collection and safety management workflows [6] - A new workflow between dRofus and Novorender allows for instant visualization of BIM project data within Novorender's 3D environment, integrating directly into Procore for comprehensive coordination [7] Upcoming Events - Bluebeam will showcase its integrations and innovations at its annual global event, Unbound, from September 30 to October 2, and will also participate in Procore Groundbreak from October 14 to 16 [8]

Core Insights - Newmont Corporation (NEM) is focusing on streamlining its portfolio by divesting non-core assets to concentrate on Tier 1 assets, enhancing its liquidity and capital allocation strategy [1][2][4] Group 1: Divestitures and Financial Impact - NEM has completed the sale of 43 million common shares in Orla Mining Ltd., generating gross proceeds of $439 million, marking a complete exit from Orla [1][9] - The company has agreed to sell its Coffee Project in Yukon, Canada, for up to $150 million, with the transaction expected to close in Q4 2025 [2][9] - NEM anticipates generating $3 billion in after-tax cash proceeds from its 2025 divestiture program, which will support its capital allocation strategy [3] Group 2: Strategic Focus and Growth Projects - The asset streamlining is aimed at concentrating capital on high-return, long-life assets, which are essential for Newmont's competitive edge and long-term sustainability [4] - The divestitures will free up capital for investment in key growth projects, including Tanami Expansion 2, Ahafo North expansion, and Cadia Panel Caves, expected to enhance production capacity and extend mine life [5] Group 3: Market Performance and Valuation - NEM shares have increased by 124.9% year to date, outperforming the Zacks Mining – Gold industry's rise of 112.5%, largely due to a rally in gold prices [8] - The Zacks Consensus Estimate for NEM's earnings in 2025 and 2026 indicates a year-over-year rise of 56.3% and 1.5%, respectively, with EPS estimates trending higher [11] - NEM is currently trading at a forward 12-month earnings multiple of 15.21, which is approximately 4.4% below the industry average of 15.91 [12]

Core Viewpoint - Newmont has experienced a significant recovery in 2025, driven by high gold prices and increasing free cash flow, although there are uncertainties regarding its valuation and earnings capacity [2] Revenue & Earnings Power - In 2024, Newmont's revenues reached approximately $18.5 billion, with average realized gold prices at $2,250 per ounce; by mid-2025, spot gold prices exceeded $3,300, leading to EBITDA margins over 45% and net income around $6.2 billion ($3.50–3.70 EPS) [3] - In Q2 2025, average realized gold prices were $3,320/oz, with EBITDA close to $3.8 billion and net income of $2.1 billion ($1.85/share); free cash flow hit a record $1.7 billion, despite AISC rising to about $1,593/oz [3] Valuation Multiples - Newmont's recent share price around $82 reflects a valuation of about 14x trailing earnings, lower than many large-cap mining rivals but higher than diversified miners like Vale or Rio Tinto [4] - The stock's EV/EBITDA stands at roughly 8x, aligning with historical averages, and offers a dividend yield of around 1.2%, supported by a payout ratio under 20% [4] Balance Sheet Strength - Newmont has a strong balance sheet with net debt around $8 billion, which is conservative compared to over $10 billion in annual EBITDA, allowing for shareholder returns and reinvestment in mine expansions [5] - Initiatives like Tanami Expansion 2 and Ahafo North aim to extend mine lifespan and maintain asset quality, while increasing copper production serves as a diversification strategy [5] The Verdict - Newmont's valuation reflects a balance between favorable gold prices and investor skepticism about the sustainability of record earnings if gold prices decline [6] - With AISC significantly below spot prices and a forward P/E closer to 12x, the stock presents stability and opportunity, with potential for a 15–20% re-rating if gold remains above $3,500 per ounce [7] Additional Insights - Newmont is viewed as a high-quality opportunity in the gold sector, with cyclical risks present but an undervaluation of its cost advantage and robust cash flows [8]

Core Insights - Newmont announced the first gold pour at its Ahafo North project in Ghana on September 19, marking a significant milestone towards commercial production expected in Q4 2025 [1][5] Project Development - The Ahafo North project has completed key development phases, including ore stockpiling that began in late 2024 and the commissioning of essential infrastructure such as processing circuits and mining support facilities [2] - The project is currently ramping up towards full operational readiness [2] Production Capacity - The Ahafo North project, initiated in 2021, is located 30 kilometers north of the existing Ahafo South operations and is projected to add over three million ounces of gold production over an initial 13-year mine life [3][4] - It is expected to deliver between 275,000 and 325,000 ounces of gold annually during its operational life [6] Economic Impact - The project has created approximately 4,500 contracted jobs and will generate around 560 permanent and 1,000 contracted roles once fully operational [6] - It is anticipated to significantly contribute to Ghana's economy through royalties, taxes, fees, and local development programs [6]

Core Insights - Newmont Corporation has successfully completed its first gold pour at the Ahafo North Project in Ghana on September 19, 2025, which is a significant step towards achieving commercial production in the fourth quarter of 2025 [1] Development Milestones - The completion of key development phases includes ore stockpiling that commenced in late 2024 [1] - Critical infrastructure necessary for the project has been commissioned [1]

Core Viewpoint - Newmont Corporation (NEM) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [1][2]. - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to calculate the fair value of a company's shares, leading to significant stock price movements when they buy or sell large amounts of shares [4][5]. Newmont's Earnings Outlook - Newmont is expected to earn $5.44 per share for the fiscal year ending December 2025, with no year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for Newmont has increased by 25.9%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revision features [9][10].

Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Agnico Eagle Mines (AEM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisi ...