Tag: $Newmont Corp

Gold mining company Newmont (NEM) Corp. posted its fifth straight earnings and revenue beat for the fourth quarter.

Shares of Newmont NEM, the Colorado-based gold miner, fell in premarket trading Monday as gold futures slumped after the U.S. and China agreed to slash tariffs on each other’s goods for 90 days and continue trade talks.

Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner benefited from strong production.

Newmont has agreed to buy Australian gold and copper miner Newcrest for $17.5 billion in what would be the largest ever gold-mining deal.