Here's Why Newmont Corporation Stock Fell 15% in October

Rising costs are preventing this mining company from cashing in on rising gold prices. Shares of Newmont Corporation (NEM 1.53%) dropped 15% last month, according to data provided by S&P Global Market Intelligence. The mining stock released quarterly-earnings results in October that were mostly in line with analyst expectations. However, its commentary raised concerns about rising costs. Newmont's headline figures aligned with expectations Newmont Corporation's quarterly-earnings report looked positive at f ...