Newmont has cut about 16% of its workforce as part of a restructuring following the acquisition of Australian miner Newcrest, according to an internal memo to staff seen by Reuters. ...

Core Viewpoint - Ghana is initiating its largest mining audit in a decade, targeting major mining companies to recover lost revenue and enhance regulatory oversight [1] Group 1: Audit Details - The audit will be led by the Mining Commission and is scheduled to take place from November 2025 to June 2026 [1] - Major producers involved include Newmont Mining, AngloGold Ashanti, Kinross Gold, Perseus Mining, and Asanko Gold [1] - Mining companies operating in Ghana are required to submit ten years of production records, three years of financial statements, licenses, and shipment data by October 31 [1] Group 2: Audit Objectives - The audit will assess production levels, royalty payments, tax compliance, and environmental regulations [1] - The audit will commence in November at Kinross Gold's Damang mine and conclude in June 2026 at Xtra-Gold's Kibi mine [1] Group 3: Historical Context and Future Plans - The last large-scale audit was conducted in 2015, but its results faced challenges from some companies [1] - The government plans comprehensive mining reforms, including shortening license durations and directly sharing profits with local communities [1]

SEOUL, REPUBLIC OF KOREA: Gold bars are displayed at Shinhan Bank in Seoul on 09 January 2004. Gold prices hit 544.60 dollars per ounce on January 09, 2006, the highest level since January 1981, owing to geopolitical tensions in the Middle East and reports that China may increase its reserves of the metal. "Geopolitical tensions continue to provide reasons to be positive on gold, with deteriorating situations in both Iran and Iraq, while the possibility of Israels Prime Minister Ariel Sharon not returning ...

Core Insights - Ares Strategic Mining Inc. has successfully completed and activated its secondary underground ventilation system at the Lost Sheep Fluorspar Mine, enabling the company to commence industrial-scale mining operations in compliance with MSHA standards [1][6]. Infrastructure Development - The secondary ventilation system includes a 75-horsepower, 30-inch diameter fan that generates a minimum of 30,000 cubic feet per minute (CFM) of fresh airflow, ensuring a safe operating environment [5]. - The fan was custom-built by ABC Ventilation Systems and installed along a dedicated ventilation raise that also serves as a second egress pathway, meeting MSHA's redundancy and safety requirements [5]. - The completion of the ventilation system finalizes all critical underground infrastructure required for continuous mining operations at scale [6]. Production Readiness - With the ventilation system operational, the company is cleared to begin ore extraction at industrial levels, supporting near-term stockpiling and processing targets [7]. - Ares is positioned uniquely as the only permitted and operational fluorspar mine in the United States, which is critical for supporting North American industrial supply chains and reducing dependence on foreign sources [7]. Financial Developments - Ares has settled an aggregate of $64,901.13 of debt incurred for accounting and financial services by issuing 150,933 common shares at a deemed price of $0.43 per share [8]. Project Overview - The Lost Sheep Fluorspar Project encompasses 5,982 acres with 353 claims, located in Juab County, Utah, approximately 214 km south-west of Salt Lake City [14]. - The project is fully permitted, including mining permits, and has been identified to contain extensive high-grade fluorspar with low levels of impurities [14].

Core Insights - Headwater Gold Inc. has announced significant findings from a gravity geophysics survey on its Spring Peak and Lodestar projects in Nevada, revealing extensive untested potential for gold mineralization [1][2][3] Spring Peak-Lodestar Gravity Survey - The gravity survey covered approximately 200 square kilometers with 2,336 ground stations, successfully outlining major geological features [2][3] - The survey identified a deep-seated fault system along the Bear Fault corridor, extending over 12 kilometers, which is significantly larger than previously known [4][5] - The survey's findings suggest that the Bear Fault corridor has substantial untested potential for high-grade epithermal veins, particularly in the Disco Zone and Doug target areas [4][6] Untested Potential - The Bear Fault corridor remains largely untested beyond the Disco Zone, presenting opportunities for new discoveries similar to recent significant finds in Nevada [4][6] - The Zodiac target on the Lodestar project and the Doug target at Spring Peak show strong structural alignment in the gravity data, indicating potential for high-grade mineralization [4][7] Implications for Exploration - The gravity survey has refined regional targeting along the Bear Fault, highlighting blind opportunities for exploration under volcanic cover [10] - Additional exploration programs are planned to further investigate vein targets identified by the gravity survey, utilizing advanced geophysical techniques [10] About the Projects - The Spring Peak project is located in the Aurora Mining District and has confirmed high-grade gold mineralization, with significant drill results reported [11] - The Lodestar project, situated near the Spring Peak project, has initiated its first significant exploration program since 1988, indicating potential for high-grade epithermal veins [12][13]

Group 1 - The Supreme Court is set to hear arguments regarding tariffs, which could have significant implications for trade policies and industries reliant on imports [1] - A government shutdown milestone is approaching, raising concerns about its potential impact on various sectors and federal operations [1] - China's electric vehicle (EV) sales are experiencing a slowdown, indicating potential challenges for the automotive industry and market dynamics [1]

Core Viewpoint - Newmont Corporation (NYSE:NEM) is considered one of the best stocks to buy and hold for the next decade, with various analysts providing differing price targets and ratings based on recent performance and future expectations [1][3]. Analyst Ratings and Price Targets - TD Cowen analyst Steven Green maintained a Hold rating on Newmont Mining with a price target of $89.00 as of October 27 [1]. - Raymond James analyst Brian MacArthur raised the price target on Newmont to $99 from $96 while maintaining an Outperform rating after the company's Q3 2025 earnings report [2]. - Canaccord Genuity's Carey MacRury also maintained a Buy rating on Newmont with a price target of $115.00 [3]. Production Expectations - Newmont's attributable gold production for 2026 is expected to fall within the same guidance range provided for 2025, likely leaning towards the lower end of that range [2]. Company Overview - Newmont Corporation is involved in the production and exploration of gold properties, as well as exploring for copper, silver, zinc, lead, and other metals [3].

Core Insights - Newmont Corporation is a leading mining company focused primarily on gold production, with a market capitalization of $94.4 billion and operations across multiple regions including the Americas, Caribbean, Africa, and the Indo-Pacific [1] Performance Overview - Newmont's stock has significantly outperformed the broader market, with a 121.1% increase in 2025 and a 75.4% rise over the past 52 weeks, compared to the S&P 500 Index's 16% year-to-date gains and 17.4% returns over the past year [2] - However, Newmont slightly lagged behind the iShares Global Gold Miners ETF, which saw a 121.2% surge in 2025 and 83.8% returns over the past year [3] Financial Results - In Q3, Newmont reported sales of $5.5 billion, a nearly 20% year-over-year increase, exceeding consensus estimates by 11.1% [4] - The adjusted EPS for Q3 soared 111.1% year-over-year to $1.71, surpassing expectations by 32.6% [4] - The company generated $1.6 billion in free cash flows, marking the fourth consecutive quarter with over $1 billion in free cash flows [4] Production and Market Concerns - Newmont produced 1.4 million gold ounces during the quarter, benefiting from high gold prices [5] - Recent declines in gold prices since October 21 have raised concerns about the sustainability of Newmont's financial performance, with potential impacts on Q4 results [5] Future Expectations - For the full fiscal year 2025, analysts project an adjusted EPS of $5.75, reflecting a 65.2% year-over-year increase [6] - Newmont has a strong earnings surprise history, having exceeded bottom-line estimates in each of the past four quarters [6] - The consensus rating among 21 analysts covering the stock is a "Strong Buy," based on 15 "Strong Buys," two "Moderate Buys," and four "Holds" [6]

Group 1: Precious Metals Market Overview - The recent rally in gold experienced its first significant pullback, dropping below $4,000 per troy ounce after reaching a high of $4,350 [1] - Other precious metals like silver, platinum, and palladium indicated a potential pullback in gold after peaking on October 16th [1] - Geopolitical tensions, particularly in Ukraine and Gaza, continue to drive investors towards safe-haven assets like gold [2] Group 2: Investment Vehicles for Precious Metals - The iShares Gold Trust ETF (IAU) has nearly $62 billion in assets under management and a low expense ratio of 0.25%, making it a cost-effective option for gold exposure [5] - The Aberdeen Physical Precious Metals ETF (GLTR) holds a diverse range of metals and charges a 0.60% expense ratio, with $1.88 billion in assets under management [8] - Newmont Corp. is the largest gold miner globally, with a market cap of $86 billion and annual sales exceeding $18 billion, offering tax benefits compared to physical gold ownership [11] Group 3: Technical Analysis and Market Trends - IAU's price is approaching the 50-day simple moving average (SMA), which could present a buying opportunity if the price continues to decline [7] - GLTR shares have also shown support at the 50-day SMA, and the recent rally has triggered an Overbought signal on the Relative Strength Index (RSI) [10] - The VanEck Gold Miners ETF (GDX) holds 46 stocks and has $22 billion in assets under management, with a 0.51% expense ratio, but is subject to higher volatility compared to physical gold [14][16]

Group 1 - Spot gold prices returned to the $4,000 mark, increasing by over 2% during the day [1] - Several U.S. gold stocks experienced a rebound, with Newmont Corporation (NEM.US) rising over 2.8%, Agnico Eagle Mines (AEM.US) increasing by over 3%, and Kinross Gold (KGC.US) and Barrick Gold (B.US) both gaining over 2% [1]