Jim Cramer Didn’t Hold Back When Dicsussing Newmont (NEM)’s Earnings

Core Insights - Newmont Corporation (NYSE:NEM) has been discussed in relation to gold prices, with Jim Cramer emphasizing Agnico Eagle as a more favorable investment compared to Newmont [2][3] - Newmont's third-quarter earnings report indicated a warning of weak fourth-quarter free cash flow due to increased spending, with a reported 8% decline in free cash flow attributed to unfavorable working capital impacts [2][3] Company Performance - Newmont's all-in sustaining costs are significantly higher than those of Agnico Eagle, which has been highlighted as a concern for investors [3] - The decrease in net cash provided by operating activities has been identified as a key factor in Newmont's financial struggles, leading to a negative outlook for the company's performance [3] Market Comparison - Cramer has consistently praised Agnico Eagle as a strong performer in the gold mining sector, suggesting that it is a better investment choice compared to Newmont [2][3] - The commentary indicates a broader market sentiment that favors certain AI stocks over traditional gold mining investments, suggesting a shift in investor focus [3]