Latest news with #Newmont
Arabian Post
2 days ago
- Business
- Arabian Post
Ghana Eyes 5.1 Million Ounces in 2025 Gold Output Surge
Ghana's gold production is projected to reach approximately 5.1 million ounces in 2025, marking a 6.25% increase from the previous year's record of 4.8 million ounces. This forecast, released by the Chamber of Mines, underscores the nation's sustained position as Africa's leading gold producer. The anticipated growth is attributed to heightened activity in both artisanal mining and the commencement of large-scale operations. Notably, Newmont's Ahafo South Mine and Shandong Gold's Namdini Mine are expected to contribute significantly to the uptick in output. In 2024, Ghana's gold production experienced a substantial 19.3% rise, bolstering export revenues and strengthening the national currency, the cedi. This surge has been instrumental in aiding the country's recovery from its most severe economic downturn in decades. ADVERTISEMENT Artisanal and small-scale mining played a pivotal role, accounting for a record 39.4% of the total gold output in 2024. However, the sector faces challenges, with an estimated 70-80% of operations lacking proper licensing, leading to environmental degradation and conflicts over land use. To address these issues, the government has implemented reforms, including the establishment of the GoldBod to streamline gold purchases from small-scale miners and the removal of a withholding tax on local gold transactions. These measures aim to reduce smuggling and increase formalization within the sector. Despite the positive outlook, concerns persist regarding the sustainability of production levels. Aging mines such as Gold Fields' Tarkwa and Perseus' Edikan are projected to experience declines in output. The Chamber of Mines emphasizes the need for increased exploration to ensure long-term growth in the mining sector.
Zawya
3 days ago
- Business
- Zawya
MKS PAMP to Participate at Mining in Motion as Bronze Sponsor
The Mining in Motion 2025 Summit – Ghana's premier gathering for mining stakeholders - welcomes global precious metals trading and investment firm MKS PAMP as a bronze sponsor. Taking place on June 2 - 4, 2025 in Accra, the summit will serve as a platform for MKS PAMP to showcase its growing contributions to Ghana's mining sector, particularly its support for responsible and inclusive gold supply chains. As a sponsor, MKS PAMP will take part in high-level panel discussions, highlighting innovative financing models aimed at empowering Ghana's artisanal and small-scale gold mining (ASGM) sector. The company's global operations - spanning sourcing, refining, trading, and supplying of precious metals - include a strong focus on Ghanaian gold, contributing to both local industry growth and the stability of global gold supply. Through its partnership with the Bank of Ghana, MKS PAMP is actively supporting ASGM operators by providing financial and technical assistance. The partnership is designed to help small-scale miners transition into the formal gold market, ensuring they benefit from global trading standards while enhancing traceability and compliance. In addition to supporting small-scale miners, MKS PAMP also works with large-scale operators to reinforce transparency across the value chain. In a notable collaboration with Newmont Corporation - which operates the Ahafo and Akyem Mines in Ghana - MKS PAMP launched mine-to-market traceable gold bars. The solution enables consumers to track the origin of their gold while offering regulators and stakeholders confidence in the transparency and ethical sourcing of monetized resources. At Mining in Motion, MKS PAMP will delve deeper into these contributions through participation in exclusive networking sessions and project showcases, engaging with local, regional, and international partners. The firm's participation at Mining in Motion reflects a broader commitment to supporting sustainable development, responsible sourcing, and emerging investment opportunities within Ghana's expanding gold sector. Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana's Ashanti Kingdom – in collaboration with Ghana's Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana's Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
5 days ago
- Business
- Yahoo
NEM, FNV, and WPM Primed for Gold Rush 2.0 as Geopolitics Fuel Hard Asset Boom
Amid rising geopolitical tensions, persistent inflation concerns, and growing skepticism about long-term fiscal discipline, investors increasingly seek stability in hard assets. The U.S. national debt has surpassed $36 trillion, with annual interest payments approaching $1 trillion. At the same time, central banks worldwide are significantly increasing their gold reserves, reflecting growing concerns about fiscal sustainability and potential currency devaluation. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In this uncertain macroeconomic environment, marked by rising deficits and increasing questions about the long-term strength of the U.S. dollar, gold has become an increasingly attractive asset. Against this backdrop, investors are turning to hard assets for stability, and three companies stand out as strong opportunities: Newmont Corporation (NEM), Franco-Nevada (FNV), and Wheaton Precious Metals (WPM). Each offers unique strengths and is well-positioned to benefit from rising gold prices and the broader shift toward safe-haven investments. Newmont is one of the most prominent players in the gold mining space. In fact, it is the world's largest by production, with a sprawling portfolio across four continents. Their latest report showed a 55% jump in adjusted EBITDA to $2.6 billion in Q1, driven by a 41% spike in realized gold prices, even if volumes fell 10%. That's the kind of leverage you want when gold's hovering around $2,700 an ounce, powered by central banks hoarding bullion and investors ditching shaky bonds. But besides Newmont coasting on high prices, they're also streamlining after their $16.8 billion Newcrest acquisition in 2023, integrating top-tier assets like Lihir in Papua New Guinea and Brucejack in Canada, which makes for another tailwind. However, scale brings complexity. Managing mines from Nevada to Ghana isn't a picnic, and unit cash costs crept up 5% last quarter. Still, CEO Tom Palmer remains laser-focused on 'sustainable and responsible mining,' which is winning ESG points. While that may sound insignificant to most, it actually matters to institutional investors. In the meantime, with U.S. debt-to-GDP pushing 120% and whispers of more quantitative easing, Newmont's diversified production (gold, copper, silver) makes it a rock-solid bet to capitalize on hard-asset demand. Currently, most analysts are bullish on NEM stock. The stock features a Moderate Buy consensus rating based on nine Buy and four Hold ratings assigned in the past three months. No analyst rates the stock a sell. NEM's average stock price target of $61.55 implies ~15% upside over the next twelve months, despite shares having already rallied 45% year-to-date. If Newmont is the muscle in the gold mining game, Franco-Nevada is the brains, playing the royalty and streaming angle with a portfolio so diversified it's practically a hedge fund for precious metals. Their Q1 numbers, posted earlier this month, showed revenue holding steady despite a dip in gold equivalent ounces, thanks to higher gold and silver prices. Now, note that Franco-Nevada is not the one that digs the dirt; they just bankroll miners and get a cut of the output, which shields them from cost inflation that plagues operators like Newmont. This essentially means that with mining revenues set to surge, don't the back of higher hold prices, margins will also climb, resulting in disproportionately higher profits. Arguably, Franco-Nevada operates a low-risk model. With no operational headaches, its free cash flow is set to surge in the coming quarters, enabling a substantial dividend hike and/or significant capital deployment toward buybacks. And again, the macro picture, with U.S. deficits projected to hit $2 trillion annually by 2030, screams currency debasement, which should keep pushing gold as a safe haven and thus increase Franco-Nevada's ability to scoop up new streams in a frothy market. The long-term outlook certainly seems favorable. On Wall Street, FNV stock carries a Moderate Buy consensus rating based on seven Buy, five Hold, and zero Sell ratings over the past three months. FNV's average stock price target of $182.33 implies approximately 8.5% upside potential over the next twelve months. Wheaton Precious Metals is Franco-Nevada's scrappy cousin, another streaming heavyweight who loves turning gold and silver into cash flow without touching a shovel. Their latest numbers boasted a 12% revenue uptick year-over-year, driven by 29 million ounces of silver and over 350,000 ounces of gold sold. They also shook off a $1 billion tax dispute with Canada, settled back in 2018, which had loomed over the sector. That resolution set a precedent, easing worries for peers like Franco-Nevada, too. Moreover, I like Wheaton's recent deal-making agility and activity overall. They've inked new streams on projects like Salobo in Brazil, locking in low-cost metal purchases while gold and silver prices climb. With global debt levels sparking fears of currency erosion, especially as the U.S. is to service a nearly $1 trillion annual interest bill, Wheaton's diversified portfolio and lean cost structure make it a nimble play. Its 0.73% dividend yield isn't flashy, but it's steady, and their balance sheet, with just $1.26 billion in debt, is rock-solid. Wheaton Precious Metals is currently covered by 15 Wall Street analysts, who appear quite bullish on the name. WPM stock carries a Strong Buy consensus rating, based on 14 Buys and just one Hold rating over the past three months. WPM's average stock price target of $88.28 implies ~2% upside potential over the next twelve months. The global financial system is showing signs of strain, with the U.S. government continuing to borrow at an unprecedented pace. Meanwhile, central banks around the world are purchasing record amounts of gold, signaling a growing shift toward tangible stores of value. In this environment, gold is evolving from a traditional hedge to an essential component of a resilient portfolio. Beyond owning physical gold, investors have compelling options through equities. Newmont offers the scale and leverage of a major miner, Franco-Nevada brings a low-risk royalty model, and Wheaton Precious Metals excels with its efficient streaming approach. Whether you're seeking the direct exposure of a producer or the capital-light advantage of a royalty/streaming company, these three stand out as strategic plays in a world increasingly questioning the stability of fiat currencies. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business
- Business Insider
NEM, FNV, and WPM Primed for Gold Rush 2.0 as Geopolitics Fuel Hard Asset Boom
Amid rising geopolitical tensions, persistent inflation concerns, and growing skepticism about long-term fiscal discipline, investors increasingly seek stability in hard assets. The U.S. national debt has surpassed $36 trillion, with annual interest payments approaching $1 trillion. At the same time, central banks worldwide are significantly increasing their gold reserves, reflecting growing concerns about fiscal sustainability and potential currency devaluation. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In this uncertain macroeconomic environment, marked by rising deficits and increasing questions about the long-term strength of the U.S. dollar, gold has become an increasingly attractive asset. Against this backdrop, investors are turning to hard assets for stability, and three companies stand out as strong opportunities: Newmont Corporation (NEM), Franco-Nevada (FNV), and Wheaton Precious Metals (WPM). Each offers unique strengths and is well-positioned to benefit from rising gold prices and the broader shift toward safe-haven investments. Newmont Corporation (NYSE:NEM) | The Gold Mining Titan Newmont is one of the most prominent players in the gold mining space. In fact, it is the world's largest by production, with a sprawling portfolio across four continents. Their latest report showed a 55% jump in adjusted EBITDA to $2.6 billion in Q1, driven by a 41% spike in realized gold prices, even if volumes fell 10%. That's the kind of leverage you want when gold's hovering around $2,700 an ounce, powered by central banks hoarding bullion and investors ditching shaky bonds. But besides Newmont coasting on high prices, they're also streamlining after their $16.8 billion Newcrest acquisition in 2023, integrating top-tier assets like Lihir in Papua New Guinea and Brucejack in Canada, which makes for another tailwind. However, scale brings complexity. Managing mines from Nevada to Ghana isn't a picnic, and unit cash costs crept up 5% last quarter. Still, CEO Tom Palmer remains laser-focused on 'sustainable and responsible mining,' which is winning ESG points. While that may sound insignificant to most, it actually matters to institutional investors. In the meantime, with U.S. debt-to-GDP pushing 120% and whispers of more quantitative easing, Newmont's diversified production (gold, copper, silver) makes it a rock-solid bet to capitalize on hard-asset demand. Is Newmont Corporation a Buy, Sell, or Hold? Currently, most analysts are bullish on NEM stock. The stock features a Moderate Buy consensus rating based on nine Buy and four Hold ratings assigned in the past three months. No analyst rates the stock a sell. NEM's average stock price target of $61.55 implies ~15% upside over the next twelve months, despite shares having already rallied 45% year-to-date. Franco-Nevada (NYSE:FNV) | The Royalty King If Newmont is the muscle in the gold mining game, Franco-Nevada is the brains, playing the royalty and streaming angle with a portfolio so diversified it's practically a hedge fund for precious metals. Their Q1 numbers, posted earlier this month, showed revenue holding steady despite a dip in gold equivalent ounces, thanks to higher gold and silver prices. Now, note that Franco-Nevada is not the one that digs the dirt; they just bankroll miners and get a cut of the output, which shields them from cost inflation that plagues operators like Newmont. This essentially means that with mining revenues set to surge, don't the back of higher hold prices, margins will also climb, resulting in disproportionately higher profits. Arguably, Franco-Nevada operates a low-risk model. With no operational headaches, its free cash flow is set to surge in the coming quarters, enabling a substantial dividend hike and/or significant capital deployment toward buybacks. And again, the macro picture, with U.S. deficits projected to hit $2 trillion annually by 2030, screams currency debasement, which should keep pushing gold as a safe haven and thus increase Franco-Nevada's ability to scoop up new streams in a frothy market. The long-term outlook certainly seems favorable. Is Franco-Nevada a Buy, Sell, or Hold? On Wall Street, FNV stock carries a Moderate Buy consensus rating based on seven Buy, five Hold, and zero Sell ratings over the past three months. FNV's average stock price target of $182.33 implies approximately 8.5% upside potential over the next twelve months. Wheaton Precious Metals (NYSE:WPM) | The Streaming Sweet Spot Wheaton Precious Metals is Franco-Nevada's scrappy cousin, another streaming heavyweight who loves turning gold and silver into cash flow without touching a shovel. Their latest numbers boasted a 12% revenue uptick year-over-year, driven by 29 million ounces of silver and over 350,000 ounces of gold sold. They also shook off a $1 billion tax dispute with Canada, settled back in 2018, which had loomed over the sector. That resolution set a precedent, easing worries for peers like Franco-Nevada, too. Moreover, I like Wheaton's recent deal-making agility and activity overall. They've inked new streams on projects like Salobo in Brazil, locking in low-cost metal purchases while gold and silver prices climb. With global debt levels sparking fears of currency erosion, especially as the U.S. is to service a nearly $1 trillion annual interest bill, Wheaton's diversified portfolio and lean cost structure make it a nimble play. Its 0.73% dividend yield isn't flashy, but it's steady, and their balance sheet, with just $1.26 billion in debt, is rock-solid. Is Wheaton Precious Metals a Good Buy? Wheaton Precious Metals is currently covered by 15 Wall Street analysts, who appear quite bullish on the name. WPM stock carries a Strong Buy consensus rating, based on 14 Buys and just one Hold rating over the past three months. WPM's average stock price target of $88.28 implies ~2% upside potential over the next twelve months. The Golden Horizon The global financial system is showing signs of strain, with the U.S. government continuing to borrow at an unprecedented pace. Meanwhile, central banks around the world are purchasing record amounts of gold, signaling a growing shift toward tangible stores of value. In this environment, gold is evolving from a traditional hedge to an essential component of a resilient portfolio. Beyond owning physical gold, investors have compelling options through equities. Newmont offers the scale and leverage of a major miner, Franco-Nevada brings a low-risk royalty model, and Wheaton Precious Metals excels with its efficient streaming approach. Whether you're seeking the direct exposure of a producer or the capital-light advantage of a royalty/streaming company, these three stand out as strategic plays in a world increasingly questioning the stability of fiat currencies.
Yahoo
6 days ago
- Business
- Yahoo
Top Stock Movers Now: Tesla, AutoZone, Newmont, and More
U.S. equities took off at midday on word President Donald Trump was delaying new tariffs on European Union imports. Tesla CEO Elon Musk said he would shift his focus away from politics and spend more time on his companies. Falling gold prices sent down shares of Newmont and rival gold miners.U.S. equities jumped at midday after President Donald Trump said he would delay new tariffs on European Union imports for 90 days. The Nasdaq added 2%, and the Dow Jones Industrial Average and S&P 500 were up more than 1%. Tesla (TSLA) shares advanced when CEO Elon Musk said he would move away from politics and be more involved with his businesses. Shares of Ross Stores (ROST) and Deckers Outdoor (DECK), which had dropped when Trump first announced the tariffs, rallied on the news. Informatica (INFA) and Salesforce (CRM) shares rose after the firms struck a deal for Salesforce to buy the shares of Informatica it didn't own for $8 billion. AutoZone (AZO) shares tumbled when the auto parts retailer missed profit estimates on falling demand and foreign currency fluctuations. Shares of Rocket Pharmaceuticals (RCKT) lost more than half their value and sank to an all-time low when the drugmaker reported a patient taking its experimental treatment for Danon disease died, leading to a halt in the study. The tariff decision sent the price of gold sliding 2%, and that dragged down shares of Newmont (NEM) and other gold miners. Oil futures fell. The yield on the 10-year Treasury note dropped. The U.S. dollar gained on the euro, pound, and yen. Most major cryptocurrencies traded higher. Read the original article on Investopedia Sign in to access your portfolio
