Core Viewpoint - Gold prices have reached a record high of $3,211 per ounce, driven by a weaker U.S. dollar, increased safe-haven demand, and escalating U.S.-China trade tensions [1]. Group 1: Gold Price Trends and Industry Performance - Gold prices have increased by 22% year to date, with the Zacks Mining - Gold industry rising by 34.3% compared to a 1.6% decline in the Zacks Basic Materials sector [2]. - The ongoing trade tensions and robust central bank buying are expected to sustain this upward trend in gold prices [2]. Group 2: AngloGold Ashanti Overview - AngloGold Ashanti has a diverse portfolio with 11 operating assets across multiple countries, including Argentina, Australia, and Ghana [4]. - The acquisition of Centamin in November 2024 added a significant Tier 1 asset (Sukari) capable of producing 500,000 ounces annually, increasing the proportion of gold production from Tier 1 assets from 62% to 67% [5]. - Total gold production for 2024 was 2.661 million ounces, with projections for 2025 ranging from 2.9 to 3.225 million ounces [6]. - The company ended 2024 with an adjusted net debt to adjusted EBITDA ratio of 0.21, the lowest since 2011, and had $2.6 billion in liquidity [7]. - A revised dividend policy targets a 50% payout of free cash flow, with a base dividend of 50 cents per share [8]. - Total cash costs per ounce rose by 4% year over year to $1,157, while all-in-sustaining costs (AISC) increased to $1,611 per ounce [9]. Group 3: Newmont Corporation Overview - Newmont has a diversified portfolio that includes copper, zinc, lead, and silver, with operations in favorable mining jurisdictions [11]. - The integration of Newcrest assets solidified Newmont's position as the world's largest gold producer, with 6.8 million attributable gold ounces produced in 2024 [12][13]. - Newmont's net debt to adjusted EBITDA ratio stood at 0.6X at the end of 2024, with total liquidity of $7.7 billion [14]. - The company paid out $1.1 billion in dividends in 2024, with a payout ratio of 28.74% [14]. - Gold costs applicable to sales increased by 7% to $1,126 per ounce, while AISC rose by 5% to $1,516 per ounce [15]. Group 4: Earnings Estimates and Stock Performance - The Zacks Consensus Estimate for AngloGold Ashanti's 2025 earnings is $2.49, indicating a year-over-year growth of 16.7% [16]. - In contrast, Newmont's 2025 earnings estimate is $3.69, reflecting a 6% increase [17]. - Year to date, AngloGold Ashanti's stock has surged by 68.3%, while Newmont has gained 36.9% [19]. Group 5: Valuation and Investment Considerations - AngloGold Ashanti is trading at a forward earnings multiple of 15.29X, while Newmont is at 15.70X, both above the industry average of 15.00X [21]. - The average price target for AngloGold Ashanti suggests a 6.05% decline, while Newmont's target indicates an 11.70% increase [23][24]. - AngloGold Ashanti's return on equity is 11.47%, lower than Newmont's 13.46% [25]. Group 6: Conclusion - Both companies are positioned to benefit from rising gold prices, but Newmont's diversification into copper, stable dividend policy, and higher return on equity make it a more attractive investment choice compared to AngloGold Ashanti [26][27].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Three gold stocks: Which one should you buy?At long last, it's Friday, and a turbulent week of selling, buying, and even more selling is at an end.Investors seem exhausted by the roller-coaster week. Major market indices are slightly in the green as traders pause in relief, unfazed by the latest economic news that China is retaliating from the most recent U.S. tariffs hike on Chinese exports (to 145%) by raising its own tariff on U.S. exports to 125%. Gold stocks, meanwhile, are looking like one bright pock ...

Newmont Corporation (NEM) shares rallied 8.4% in the last trading session to close at $48.75. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.6% gain over the past four weeks.NEM's shares rallied on a surge in gold prices on safe-haven demand after President Trump hiked tariffs on China to 125%, stoking fears of deeper trade disruptions. This gold and copper miner is expected to post quarterly earnings of $ ...

Core Viewpoint - Newmont Corporation (NEM) and Barrick Gold Corporation (GOLD) are two leading gold mining companies, both benefiting from soaring gold prices due to global economic uncertainties and trade tensions, making them relevant for investors in the precious metals sector [1][2]. Group 1: Newmont Corporation (NEM) - Newmont is focused on growth projects, including the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, which are expected to enhance production capacity and extend mine life [4]. - The acquisition of Newcrest Mining Limited has created a robust portfolio, with expected annual run-rate synergies of $500 million, enhancing shareholder value [5]. - Newmont's attributable gold production increased by approximately 9% year over year in Q4 2024, with divestitures expected to yield total gross proceeds of $4.3 billion [6]. - The company reported liquidity of $7.7 billion at the end of 2024, with operating cash flow from continuing operations rising to $6.3 billion, up from $2.8 billion in 2023 [7]. - Newmont returned $1.1 billion to shareholders through dividends and share repurchases in 2024, with a dividend yield of 2.3% and a payout ratio of 29% [8]. - However, Newmont faces challenges with rising production costs, with gold costs applicable to sales increasing by roughly 7% year over year in 2024, and all-in-sustaining costs projected to rise to $1,630 per ounce in 2025 [9]. Group 2: Barrick Gold Corporation (GOLD) - Barrick has made a strong recovery in 2024, driven by rising gold prices, despite facing high production costs and operational issues in the previous year [11]. - The company is advancing key growth projects, including Goldrush and the Pueblo Viejo plant expansion, which are expected to significantly boost production [12]. - Barrick reported cash and cash equivalents of approximately $4.1 billion at the end of 2024, with operating cash flows increasing by 20% year over year to around $4.5 billion [13]. - The company returned about $1.2 billion to shareholders in 2024, with a dividend yield of 2.3% and a payout ratio of 31% [13]. - Barrick's cash costs per ounce of gold and all-in-sustaining costs increased by around 11% year over year in 2024, with projections for 2025 indicating further increases [14]. Group 3: Price Performance and Valuation - Year to date, NEM stock has increased by 18.7%, while GOLD stock has gained 14%, compared to the Zacks Mining – Gold industry's increase of 24.9% [15]. - NEM is trading at a forward 12-month earnings multiple of 13.62X, representing a 12% discount to the industry average of 15.55X [16]. - The Zacks Consensus Estimate for NEM's 2025 sales and EPS indicates declines of 3.6% and 7.2%, respectively, while GOLD's estimates suggest growth of 4.7% and 10.3% [18][21]. - Barrick appears more attractively priced with a forward earnings multiple of 12.44X, lower than its five-year median and below the industry average [19]. Group 4: Investment Outlook - Both NEM and GOLD are well-positioned to benefit from the surge in gold prices, demonstrating strong financial performance and commitment to shareholder returns [24]. - Barrick may have a slight edge over Newmont due to its more attractive valuation and positive growth projections, suggesting better investment prospects in the current market environment [25].

NEW YORK, April 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Newmont investors who were adversely affected by alleged securities fraud between February 22, 2024 and October 23, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/newmont-corporation-lawsuit- ...

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Newmont Corporation (NYSE: NEM) between February 22, 2024 and October 23, 2024, inclusive (the "Class Period"), of the important April 1, 2025 lead plaintiff deadline. SO WHAT: If you purchased Newmont securities during the Class Per ...

NEW YORK, March 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Newmont Corporation (NYSE: NEM). Shareholders who purchased shares of NEM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: February 22, 2024 to October 23, 2024 ALLEGATIONS: According to the complaint, on October 23, 2024, Newmont published a press rele ...

NEW YORK, March 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Newmont investors who were adversely affected by alleged securities fraud between February 22, 2024 and October 23, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/newmont-corporation-lawsuit-s ...

NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ("Newmont" or the "Company") (NYSE: NEM) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Newmont investors who were adversely affected by alleged securities fraud between February 22, 2024 and October 23, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/newmont-corporation-law ...