Core Insights - Newmont Corporation (NEM) achieved a significant milestone by reducing its all-in sustaining costs (AISC) to $1,593 per ounce in Q2 2025, a 4% decrease from the previous quarter, primarily due to lower direct operating costs and sustaining capital spending [1][6] - Despite the reduction, NEM anticipates a modest increase in AISC for its core portfolio in Q3 2025 due to higher sustaining capital spending, with a full-year guidance of $1,630 per ounce for 2025, up from $1,516 per ounce in 2024 [2][6] - NEM's operational efficiency is highlighted by its ability to lower AISC amid industry-wide cost pressures, contrasting with peers like Barrick Mining Corporation, which experienced a 22% increase in AISC to $1,775 per ounce in Q1 2025 [2][3] Financial Performance - NEM's shares have surged 71.9% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 55.4%, largely driven by a rally in gold prices [5] - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 39.4% for 2025 and 3.1% for 2026, with EPS estimates trending higher over the past 60 days [7] Valuation Metrics - NEM is currently trading at a forward 12-month earnings multiple of 13.21, representing a 6.5% premium to the industry average of 12.4X, and carries a Value Score of B [8]

1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - The global trade situation is stabilizing with positive progress in tariff negotiations between the US and its major trading partners, which has led to a decline in market risk - aversion sentiment. The market is waiting for the Fed's interest - rate decision and the progress of Sino - US trade negotiations. Different commodities are expected to show various trends based on their own fundamentals and macro - economic factors [2][5]. 3. Summary According to Related Catalogs 3.1 Macro - Overseas: Tariff negotiations have made progress. The US and China plan to extend reciprocal tariffs and counter - measures for 90 days. Trump advanced the Russia - Ukraine agreement deadline and threatened to raise taxes on Russia, causing oil prices to soar. India postponed concessions and aims to reach an agreement with the US in September - October. The US labor market is cooling but remains robust. The US 6 - month job openings dropped to 7.437 million, and the hiring rate fell to 3.3%. - Domestic: Market sentiment is positive, actively speculating on policy expectations. Commodity fluctuations have intensified. A - shares opened lower and closed higher with heavy trading volume. The bond market significantly adjusted under pressure. In the long - term, social security policies are expected to ease over - capacity and involution problems, and domestic demand policies may continue to strengthen. In the short - term, beware of market adjustments after the fading of sentiment and the realization of policy benefits [2][3]. 3.2 Precious Metals - On Wednesday, international precious metal futures prices showed mixed performance. COMEX gold futures rose 2.08% to $3383 per ounce, while COMEX silver futures fell 0.09% to $38.33 per ounce. The market is concerned about Sino - US economic and trade negotiations and the Fed meeting. The US and China will extend reciprocal tariffs and counter - measures for 90 days. The EU may purchase 40 billion euros of AI chips in the US - EU trade agreement. The US labor market data is weak, and the trade deficit has narrowed. The market expects the Fed to keep interest rates unchanged this week but is highly concerned about its policy outlook. If more Fed members support a rate cut in September, it may boost gold prices. Short - term gold and silver prices are expected to fluctuate [4][5][6]. 3.3 Copper - On Tuesday, SHFE copper was weakly volatile, and LME copper sought support at the $9700 level. The spot market trading of electrolytic copper improved slightly, and domestic trade copper rose to a premium of 110 yuan/ton. The Sino - US economic and trade talks made positive progress, and the IMF significantly raised China's economic growth forecast for this year to 4.8%. The market is concerned that the US may impose a 50% copper import tariff starting from Friday. Fundamentally, overseas concentrate supply is tight, and domestic social inventories are at a low level. It is expected that copper prices will stabilize and rebound in the short - term [7][8]. 3.4 Aluminum - On Tuesday, SHFE aluminum closed at 20,615 yuan/ton, down 0.65%, and LME aluminum closed at $2606 per ton, down 0.95%. The spot market supply has slightly increased, but consumer buying willingness is still low due to high - price concerns and the off - season. The market is waiting for the Fed's interest - rate decision and the progress of Sino - US trade negotiations. It is expected that aluminum prices will fluctuate and adjust in the short - term [9][10]. 3.5 Alumina - On Tuesday, the alumina futures main contract closed at 3307 yuan/ton, up 1.01%. The spot alumina national average price rose to 3267 yuan/ton. The Australian alumina FOB price increased to $379 per ton. A strike occurred at the Friguia alumina plant in Guinea, affecting production. The deliverable alumina supply is limited, and the warehouse receipt inventory has decreased to a new low. Alumina's downward trend has slowed, and it is expected to fluctuate at a high level [12][13]. 3.6 Zinc - On Tuesday, SHFE zinc showed narrow - range fluctuations, and LME zinc stabilized. The downstream buying willingness is low, and the spot market maintains a small premium. The Sino - US trade negotiations have not made a major breakthrough. The market is waiting for the Fed's interest - rate decision and domestic important meetings. Although heavy rain in the north has not affected galvanizing plant production, terminal demand is insufficient. It is expected that zinc prices will fluctuate narrowly in the short - term [14][15]. 3.7 Lead - On Tuesday, SHFE lead showed narrow - range fluctuations. Heavy rain in the Beijing - Tianjin - Hebei region has affected raw material transportation. The supply shortage in some areas has slightly improved. The supply is mixed with both positive and negative factors, and consumer demand has changed little. It is expected that lead prices will consolidate horizontally in the short - term [16][17]. 3.8 Tin - On Tuesday, SHFE tin was volatile. The rainy season in Myanmar may disrupt tin ore transportation, intensifying the shortage of raw material supply. Domestic refined tin smelter operations have marginally improved but remain at a low level. The off - season for downstream consumption continues, and high - price buying is insufficient. Domestic inventories have increased, but LME inventories are at a low level. It is expected that tin prices will adjust, but the adjustment range will be limited [18]. 3.9 Industrial Silicon - On Tuesday, the industrial silicon main contract continued to rebound. The spot price of East China oxygen - blowing 553 silicon has a premium over the 2509 contract. The warehouse receipt inventory has been continuously declining. The supply side is contracting, and the demand side is affected by various factors. It is expected that the futures price will continue to rebound in the short - term [19][20]. 3.10 Steel and Iron - **Screw and Coil**: On Tuesday, steel futures rebounded. The Sino - US trade negotiations reached a consensus to extend reciprocal tariffs and counter - measures for 90 days. The macro - situation is positive, and supply is expected to shrink in mid - August due to parade - related production restrictions. It is expected that steel prices will fluctuate strongly [21][22]. - **Iron Ore**: On Tuesday, iron ore futures rebounded. Port inventories decreased, mainly due to reduced arrivals and resilient steel mill purchases. Steel mills are profitable, and iron ore supply remains stable. It is expected that iron ore prices will fluctuate and rebound [23]. 3.11 Agricultural Products - **Soybean and Rapeseed Meal**: On Tuesday, soybean meal and rapeseed meal futures showed different trends. The weather in the US soybean - producing areas is favorable, increasing the expectation of high yields. The US and China will extend reciprocal tariffs and counter - measures for 90 days. China mainly purchases South American soybeans recently, and there is a concern about supply shortage in the fourth quarter. It is expected that domestic soybean meal futures will stop falling and fluctuate [24]. - **Palm Oil**: On Tuesday, palm oil futures rose. The EU and Indonesia reached an agreement on palm oil trade tariff quotas. India may increase imports due to low inventories and holiday demand. Crude oil prices have risen. It is expected that palm oil prices will fluctuate strongly in the short - term [25][26]. 3.12 Metal Trading Data - The report provides the closing prices, price changes, price change percentages, trading volumes, and open interest of various metal futures contracts such as SHFE copper, LME copper, SHFE aluminum, etc., on July 29 [27]. 3.13 Industrial Data - The report presents detailed industrial data for various metals including copper, nickel, zinc, lead, aluminum, alumina, tin, precious metals, steel, iron ore, etc., such as contract prices, warehouse receipt inventories, spot prices, and price differentials between different dates [28][31][33].

Report Industry Investment Rating There is no information provided regarding the report industry investment rating in the given content. Core Viewpoints of the Report - The copper market is in a state of weak supply and demand, with short - term prices under pressure and in a volatile state. The aluminum market is affected by macro - economic factors and fundamentals, with short - term price pressure. The zinc market has sufficient supply in the medium - to - long term and weak consumption, with prices under pressure. The lead market has cost support, and the prices have a certain bottom - line. The nickel market has limited driving forces for prices and maintains a volatile state. The stainless steel market is affected by macro - expectations and cost factors, with short - term prices returning to the volatile range. The tin market is affected by supply and demand, with short - term prices following market sentiment. The industrial silicon market is expected to be weak in the medium - to - long term, and the short - term may have a rebound. The polycrystalline silicon market may have a short - term correction and then be involved in the market with a long - position and protective put option strategy. The lithium carbonate market has high short - term speculative sentiment and high uncertainty, and investors are advised to wait for policy implementation [7][23][39][44][49][56][64][70][75][81]. Summary by Related Catalogs Copper - **Market Review**: The Shanghai copper 2509 contract closed at 78,840 yuan/ton, down 0.18%, and the Shanghai copper index reduced its position by 2,049 lots to 496,800 lots. The spot premium of Shanghai copper was firm, and the spot premium in North China increased slightly [2]. - **Important Information**: The bonded - area copper inventory in Shanghai and Guangdong continued to increase. Teck Resource's copper production in Q2 2025 decreased year - on - year, and its annual production guidance was lowered. The production schedule of white - goods in August decreased compared to the same period last year [3][4]. - **Logic Analysis**: The impact of reciprocal tariffs may be relatively mild. The domestic smelters maintain high production, and the market is mainly disturbed by the expectation of copper tariffs. The inventory has increased, and the downstream procurement has slightly increased [5][7]. - **Trading Strategy**: The spot supply and demand are weak, and it is under pressure and volatile in the short term [7]. Alumina - **Market Review**: The alumina 2509 contract rose 33 yuan to 3,307 yuan/ton, and the position decreased by 7,296 lots to 359,400 lots. The spot prices in various regions increased [9]. - **Related Information**: Some alumina enterprises did not receive environmental - control notices. The replacement projects of large - scale alumina enterprises in Shandong were put into production, and the roasting project in Gansu was about to produce. The alumina plant in Guinea had a strike [10][11]. - **Logic Analysis**: After the reduction of positions and decline, it stabilized in the short term. The operating capacity increased, and the theoretical surplus expanded. The inventory has been increasing, and attention should be paid to the changes in warehouse receipts [14]. - **Trading Strategy**: The low warehouse receipts may drive the price to rebound. Temporarily wait and see for arbitrage and options [15][16]. Electrolytic Aluminum - **Market Review**: The Shanghai aluminum 2509 contract fell 45 yuan/ton to 20,605 yuan/ton, and the position decreased by 12,072 lots. The spot prices in various regions decreased [18]. - **Related Information**: The inventory of electrolytic aluminum increased, and the warehouse receipts decreased. Sino - US economic and trade talks were held, and the price law was being revised. Huafeng Aluminum planned to purchase aluminum products [19][20][22]. - **Trading Logic**: The LME aluminum price fluctuated and then declined. The domestic market should pay attention to policy expectations. The inventory of aluminum ingots is expected to increase, and attention should be paid to the opportunity of the widening of the monthly spread [23]. - **Trading Strategy**: The aluminum price is under pressure in the short term. Enter the long - spread position of 09 - 12 contracts after the spread converges due to inventory accumulation. Temporarily wait and see for options [24]. Cast Aluminum Alloy - **Market Review**: The cast aluminum alloy 2511 contract fell 15 yuan to 20,020 yuan/ton, and the position decreased by 246 lots. The spot prices in various regions remained unchanged [26]. - **Related Information**: The production of cast aluminum alloy decreased, and the price law was being revised [26][27]. - **Trading Logic**: The supply is restricted by the shortage of scrap - aluminum sources, and the demand is affected by different orders. The futures price is mainly affected by the cost following the aluminum price [30]. - **Trading Strategy**: The price is under pressure following the aluminum price. Consider the cash - and - carry arbitrage opportunity when the spot discount to the futures is more than 300 yuan. Temporarily wait and see for options [31][32]. Zinc - **Market Review**: The Shanghai zinc 2509 fell 0.35% to 22,655 yuan/ton, and the position decreased by 6,419 lots. The spot trading was average, and the premium was basically stable [34]. - **Related Information**: Heavy rainfall in North China did not affect the production and transportation of galvanized plants. The zinc concentrate production of some mines increased [35][36]. - **Logic Analysis**: The zinc concentrate market is stable, and the port inventory has decreased. The domestic refined zinc production may increase. The consumption is in the off - season, and the downstream procurement is weak [37][39]. - **Trading Strategy**: Profitable short - positions can continue to be held, and attention should be paid to setting stop - profit points. Buy put options. Temporarily wait and see for options [40][41]. Lead - **Market Review**: The Shanghai lead 2509 fell 0.24% to 16,900 yuan/ton, and the position decreased by 5,605 lots. The spot price was stable, and the downstream purchasing willingness improved slightly [42]. - **Related Information**: Heavy rainfall affected the raw - material transportation of recycled lead smelters [43]. - **Logic Analysis**: The lead price has cost support, and the production of primary and recycled lead is affected. The terminal consumption of lead - acid batteries has improved slightly [44]. - **Trading Strategy**: Profitable long - positions can continue to be held, and attention should be paid to macro - risks. Sell put options. Temporarily wait and see for options [45][47]. Nickel - **Market Review**: The main contract of Shanghai nickel NI2509 fell 1,040 to 121,800 yuan/ton, and the position decreased by 3,705 lots. The premiums of different brands of nickel changed [48]. - **Related Information**: The Fed may continue to cut interest rates. A large - scale nickel project in Southeast Sulawesi is expected to start in Q4 2025 [49]. - **Logic Analysis**: The commodity atmosphere has weakened, and the nickel price has a limited decline. The supply and demand are weak in July and August, and the price lacks driving forces [49]. - **Trading Strategy**: The short - term price follows the macro - atmosphere. Temporarily wait and see for arbitrage. Sell deep - out - of - the - money put options [50][52]. Stainless Steel - **Market Review**: The main SS2509 contract fell 15 to 12,920 yuan/ton, and the position decreased by 8,224 lots. The spot prices of cold - rolled and hot - rolled products were given [54]. - **Related Information**: The Yarlung Zangbo River hydropower project will drive the demand for stainless steel. A stainless - steel project of Guangqing Metal Technology is expected to be put into production in 2026 [55][56]. - **Logic Analysis**: The speculative atmosphere has cooled down. The external demand is restricted, and the internal demand is in the off - season. The cost has an impact on the price, and the market pays attention to macro - expectations [56]. - **Trading Strategy**: The short - term price returns to the volatile range. Temporarily wait and see for arbitrage [57][58]. Tin - **Market Review**: The main contract of Shanghai tin 2509 closed at 266,660 yuan/ton, down 0.76%, and the position decreased by 2,289 lots. The spot price decreased, and the trading was restricted [60]. - **Related Information**: Sino - US economic and trade talks were held, and a national industrial - information conference was convened [61]. - **Logic Analysis**: The LME inventory increased slightly. The supply of tin ore is tight, and the demand is weak in the off - season. Attention should be paid to the resumption of production in Myanmar and consumption recovery signals [62][64]. - **Trading Strategy**: The tin price follows the market sentiment. Temporarily wait and see for options [65][66]. Industrial Silicon - **Market Review**: The main contract of industrial silicon opened high and closed at 9,350 yuan/ton. The spot prices generally weakened [67][68]. - **Related Information**: It is rumored that an anti - involution meeting will be held in August [69]. - **Comprehensive Analysis**: The supply has increased, and the demand of some downstream products has changed. The social inventory has decreased. The price may decline in the medium - to - long term [70]. - **Strategy**: The short - term price may rebound, and it is weak in the medium - to - long term. Hold the previous protective put options. Participate in the reverse - spread of 11 and 12 contracts, the cash - and - carry arbitrage of 11 and 10 contracts, and the butterfly spread strategy [71]. Polycrystalline Silicon - **Market Review**: The main contract of polycrystalline silicon futures rose sharply and closed at 50,805 yuan/ton. The spot prices of different types of polycrystalline silicon were given [73]. - **Related Information**: The price of photovoltaic silicon wafers continued to rise [74]. - **Comprehensive Analysis**: The short - term "anti - involution" sentiment has declined, and the price may have a correction. The capacity integration is imperative, and the silicon - wafer price adjustment is completed [75]. - **Strategy**: The short - term price may have a correction, and then participate in the market with a long - position and protective put option strategy. Hold the long - polycrystalline - silicon and short - industrial - silicon position for a long time and conduct the reverse - spread of far - month contracts of polycrystalline silicon [76]. Lithium Carbonate - **Market Review**: The main 2509 contract fell 4,440 to 70,840 yuan/ton, and the position decreased by 78,853 lots. The spot prices decreased [77]. - **Important Information**: The sales of new - energy vehicles in the world increased in H1 2025, and China had a high share [78]. - **Logic Analysis**: The situation of the ore end is uncertain, and the price may test the support at 65,000 [81]. - **Trading Strategy**: The short - term speculative sentiment is strong, and the fundamentals are uncertain. It is recommended to wait and see. Enterprises with long - term contracts can consider cash - and - carry arbitrage. Temporarily wait and see for options [82][84].

Dreadnought Resources (DRE) Update Summary Company Overview - Dreadnought Resources is currently fully funded with **$10 million** in cash, enabling significant exploration and production activities [5][64] - The company aims to develop the high-grade **Star of Mangaroon** project to generate cash flow and is focused on finding more gold quickly [7][64] Key Points and Arguments Financial Position - Dreadnought has **$10 million** in cash, marking a strong financial position for exploration and production [5][64] - The company has **5 billion shares** on issue, with no plans for consolidation, aiming to manage dilution through strategic funding [70][74] Exploration and Production Strategy - The strategy includes developing the **Star of Mangaroon** to generate cash flow, with a projected **$50 million** in free cash flow from a scoping study [9][64] - The company is conducting infill drilling at the Star of Mangaroon, with a resource estimate of **23,000 ounces** at **12.8 g/t** within **100 meters** of the surface [9][12] - Dreadnought is also exploring other projects, including **Pritchard's lead mine** and **Two Peaks**, focusing on gold discovery [18][36] Joint Ventures and Partnerships - Dreadnought has two joint ventures with **Teck** for base and critical metal assets, indicating a diversified approach to resource development [8][64] - The company is exploring revenue-sharing agreements and debt facilities to fund production without excessive dilution [69][75] Market Sentiment and Future Outlook - The company anticipates significant cash flow generation from the Star of Mangaroon throughout **2026**, with mining approvals expected by the end of the year [17][84] - Dreadnought is optimistic about the potential for discovery and exploration, with plans for multiple drill programs in the coming months [66][50] Additional Important Information - The company is seeing increased inbound interest in its rare earth and critical metal assets, which may provide additional value [8][64] - Dreadnought is focused on improving assay techniques, particularly with the **Leachwell** method, to enhance gold recovery and resource estimation [21][30] - The management has a blocking stake of over **10%**, making hostile takeovers challenging [80][81] Conclusion Dreadnought Resources is positioned for growth with a solid financial foundation, a clear strategy for gold production, and ongoing exploration efforts. The company is actively managing shareholder concerns regarding dilution and is exploring various funding options to support its ambitious plans.

Core Insights - Newmont Corporation (NEM) achieved a record quarterly free cash flow of $1.7 billion in Q2 2025, marking a nearly threefold increase year over year and a 42% rise from the previous quarter, driven by higher net cash from operating activities and reduced capital investment [1][7] - Despite the strong performance, there are concerns regarding the sustainability of cash flow into Q3 due to anticipated higher capital spending, increased cash tax payments, and ongoing costs related to the Yanacocha water treatment facilities [2][7] - Newmont's solid balance sheet enables it to fund growth projects and meet debt obligations, indicating that near-term cash flow pressures do not reflect deteriorating fundamentals [3] Financial Performance - Newmont's net cash from operating activities increased by 17% from the prior quarter to $2.4 billion, contributing to the record free cash flow [1] - In comparison, Barrick Mining Corporation reported a free cash flow of $375 million for Q1, a nearly 12-fold increase year over year, while Agnico Eagle Mines Limited generated $594 million in free cash flow, up around 50% year over year [4][5] - Newmont's shares have risen 76.7% year to date, outperforming the Zacks Mining – Gold industry's increase of 58.7% [6] Future Outlook - The Zacks Consensus Estimate projects a year-over-year earnings rise of 35.6% for 2025 and 4.6% for 2026, with EPS estimates trending higher over the past 60 days [8] - Newmont is currently trading at a forward 12-month earnings multiple of 13.57, which is approximately 6.6% above the industry average of 12.73 [9][10] - The stock carries a Zacks Rank 3 (Hold), indicating a neutral outlook [11]

Incident Overview - A fall of ground incident occurred at the Red Chris mine, isolating three workers underground [1] - The mine operator, Newmont, reported that the workers were safely brought to the surface after approximately two days [1][2] Worker Safety and Health - All three workers, Kevin Coumbs, Darien Maduke, and Jesse Chubaty, were found to be in good health and spirits after the incident [2] - They had consistent access to food, water, and ventilation while in a refuge chamber [2] Rescue Efforts - The rescue operation involved around-the-clock efforts, with a specialized scoop clearing the fallen debris from the access tunnel [3] - The Emergency Response Team utilized equipment with a Falling Object Protective System to ensure safety during the rescue [3][4] - The workers were returned to the surface in stable condition, highlighting the collaboration and technical expertise of the rescue teams [4] Company Background - Imperial Metals Corporation is based in Vancouver and has a 30% ownership stake in the Red Chris mine, along with full ownership of the Mount Polley and Huckleberry mines [5] - The company also holds a portfolio of 23 exploration properties in British Columbia [5]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - The article discusses the current market conditions, focusing on Newmont Corporation (NEM) and broader economic indicators, highlighting potential investment strategies amid market fluctuations and government fiscal policies [15]. Group 1: Company Analysis - Newmont Corporation (NEM) has shown an upward trend in stock price this year, with a notable gap up following earnings reports [15]. - The Relative Strength Index (RSI) for NEM indicates a negative divergence, suggesting that internal momentum is slowing despite rising stock prices, which may lead to a potential pullback [15]. Group 2: Economic Indicators - Durable goods orders fell by 9.3%, better than the consensus estimate of -11%, while durable goods excluding transportation rose by 0.2%, surpassing the expected -0.2% [15]. - The S&P 500 has recently achieved the longest series of record highs since December 2024, indicating a strong market performance, although this may lead to recency bias among investors [15]. Group 3: Investment Strategies - Investors are advised to maintain a diversified portfolio, considering a traditional allocation of 60% stocks and 40% bonds, focusing on high-quality bonds with shorter durations [16]. - The article suggests that investors should hold sufficient cash to capitalize on new opportunities while adjusting hedge levels to manage risk effectively [13][10].

Core Insights - Newmont Corporation (NEM) reported significant growth in earnings and revenue for Q2 2025, with adjusted earnings per share (EPS) of $1.43, a 99% increase year-over-year, surpassing the Zacks Consensus Estimate of $1.04 [1][8] - The company's revenue reached $5.32 billion, reflecting a 20.8% increase from $4.4 billion in the prior-year quarter, driven primarily by higher realized gold prices [2][8] Financial Performance - Attributable gold production for Q2 was 1.48 million ounces, an 8.1% decrease from the previous year, but exceeded estimates of 1.42 million ounces [3] - Average realized gold prices increased by approximately 41.4% year-over-year to $3,320 per ounce, surpassing the estimate of $2,953 per ounce [3] - Costs applicable to sales (CAS) for gold were $1,215 per ounce, a 5.5% increase year-over-year, which was lower than the estimated $1,228 per ounce [4] - All-in-sustaining costs (AISC) rose around 2% year-over-year to $1,593 per ounce, missing the estimate of $1,657 per ounce [4] - The company ended the quarter with cash and cash equivalents of $6.185 billion, a 137.7% increase year-over-year, while long-term debt decreased by 17.9% to $7.132 billion [5] Future Outlook - Newmont anticipates maintaining gold production at approximately 5.9 million ounces for 2025, with projected CAS at $1,200 per ounce and AISC at $1,630 per ounce [6] Market Performance - Newmont's shares have increased by 31.7% over the past year, compared to a 43.9% rise in the industry [7]

Three miners who were trapped behind fallen debris at a Canadian gold mine are safely back on the surface after what Newmont called a “meticulously executed” rescue plan https://t.co/ogjpc8DTPr ...