Commodities
Newmont Stock Under Pressure as Gold Prices Fall Below $4,350 an Ounce
Newmont stock has faced pressure after gold prices dropped below $4,350 an ounce following hawkish Federal Reserve commentary.
The miner's earnings and cash generation are closely tied to metal prices, even with assets like Lihir, Boddington, and Tanami working on productivity gains.
Analysts expect Newmont to report higher earnings per share and revenue in the upcoming results, which will be crucial in determining whether operations are running tightly despite softer gold prices.