Reported 1 day ago
Newmont Corporation (NYSE:NEM) saw its stock price rise by 6.89% to $65.75 after announcing a 142% increase in net income and declaring a $0.25 cash dividend for shareholders. The impressive earnings, with net income reaching $2.06 billion and a 52% rise in adjusted EBITDA, boosted investor confidence, despite an 8% decline in attributable gold production. The average gold price realized also increased significantly by 41% year-over-year.
Source: YAHOO