RE: Gold today25 Jul 2025 12:29
Newmont, the largest gold producer in the world, usually is the first major gold miner to report full quarterly results each quarter. Typically, NEM's results have not been helpful for the sector. But not this time - thanks to a $376 per ounce sequential increase in the average realized gold price in the quarter (to $3,320 - note that gold is another $50 higher currently). Big earnings "beat" - $1.43 per share in adjusted EPS vs. analysts' avg. forecast of $1.18. Record free cash flow. Additional $3B share buyback authorized. Stock up $2 per share (+3.2%) in after-hours trading. Bodes well for other gold miners reporting next week.
And this reply to that tweet Ian, hopefully good results and a rise next week 🤞