Newmont Mining Reports Strong Earnings and Share Repurchases Drive Stock Rally
Newmont Mining (NEM) shares surged 8.5% on Friday after the company reported first-quarter earnings that exceeded expectations. The gold miner's revenue and adjusted earnings per share rose significantly, and management increased share repurchases amid a challenging market environment. The stock outperformed gold prices, which rose only 20 basis points during the quarter.
Tickers: $NEM
Topics: Earnings Gold Mining Gold Prices Newmont Mining Share Buybacks