Newmont Corporation, the world's largest gold miner, surpassed Wall Street's first-quarter profit estimates on Thursday, benefiting from robust production. Following the announcement, Newmont's stock price surged by over 13%, marking its best single-day performance since April 9, 2020, and the most positive earnings reaction since at least 2001. The stock also saw a 3.6% increase in pre-market trading.
Wonder of wonders. Miracle of miracles. Newmont is up more than 13% today on earnings news. Who would have guessed a huge run up in the gold price would help a gold mining company beat the number? AEM tomorrow (the best of the bunch). $SA @pboockvar @goldseek @PeterNBell
Newmont is up over 13% in reaction to earnings for its best day since 4/9/20 and its best earnings reaction day since at least 2001. $NEM
$NEM (+3.6% pre) Newmont Reports First Quarter 2024 Results https://t.co/vvCHeC71G6
⚠️ NEWMONT BEATS QUARTERLY PROFIT ESTIMATES Full Story → https://t.co/38OY5sxcq7 Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from strong production.
⚠️ FREEPORT-MCMORAN BEATS QUARTERLY PROFIT ESTIMATES Full Story → https://t.co/nXvdK6TqEG Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production. https://t.co/UGmvUyxtxS