Latest news with #NewmontCorporation
Sky News AU
3 days ago
- Business
- Sky News AU
ASX 200 surges on trade war hopes as IDP Education plunges 40+ per cent after voicing international student concerns
The ASX 200 is up on Tuesday after a late recovery in the US on hopes Donald Trump will speak with Chinese President Xi Jinping this week to simmer trade tensions. Gold miners are soaring with Genesis Minerals up 6.7 per cent, Westgold Resources jumping 4.6 per cent and Newmont Corporation rising 4.4 per cent in the first 40 minutes of trading. The index is up 0.7 per cent after going backwards on Monday despite massive surges with Brickworks and Soul Patts after inking a $14b merger. IDP Education has plummeted more than 40 per cent after the company revealed it expects earnings to halve from global uncertainty around the intake of international students. "Continued uncertainty has impacted IDP student enrolment pipeline size and conversion rates in the important May and June pipeline build given the timing of the fall intake in the UK, Canada and the US, as well as the second semester intake in Australia," the company told shareholders. Wall Street surged late on Monday after the White House suggested it was looking to set up a phone call between Trump and Xi Jinping this week. White House press secretary Karoline Leavitt informed reporters of this on Monday, making her the third top Trump aide to forecast an imminent call between the two leaders to iron out differences on last month's tariff agreement in Geneva, among larger trade issues. It was not immediately clear when the two leaders will speak. US treasury secretary Scott Bessent told CBS' "Face the Nation" on Sunday that Trump and Xi would speak "very soon" to iron out trade issues including a dispute over critical minerals and China's restrictions on exports of certain minerals. The Dow Jones rose 0.1 per cent, the S&P 500 finished up 0.4 per cent and the Nasdaq jumped 0.7 per cent on Monday. London's FTSE 250 Index finished flat, Germany's DAX Index sank 0.3 per cent and the STOXX Europe 600 shed 0.1 per cent on Monday. New Zealand's is flat since opening on Tuesday, while Japan's Nikkei 225 is up 0.2 per cent and South Korea's KOSPI 200 is flat. -With Reuters
Yahoo
4 days ago
- Business
- Yahoo
Gold Smelting Market Report 2025, with Profiles of Newmont, Barrick Gold, Agnico Eagle Mines, Polyus Gold International, AngloGold Ashanti, Zijin Mining Group, Gold Fields & more
Growth in the gold smelting market is driven by rising demand in jewelry, electronics, and investment sectors, along with advancements in eco-friendly smelting technologies. Key players include Newmont Corporation, Barrick Gold Corporation, and Sibanye Stillwater Limited. Gold Smelting Market Dublin, June 02, 2025 (GLOBE NEWSWIRE) -- The "Gold Smelting Market Report 2025" has been added to offering. The global gold smelting market is experiencing robust growth, with significant expansion observed over recent years. In 2024, the market size is projected to reach $27.89 billion, growing to $29.94 billion in 2025 at a CAGR of 7.3%. This growth in the historical period is largely driven by increased demand for gold in various sectors, such as jewelry, electronics, and industrial applications. The surge in gold mining and exploration activities, coupled with heightened environmental regulations and sustainability efforts, has also played a crucial role. Looking ahead, the gold smelting market is forecasted to expand further, reaching $39.33 billion by 2029 at a CAGR of 7.1%. This anticipated growth can be attributed to rising gold prices and increased demand for gold across jewelry, electronics, and investment sectors. Additionally, the expansion of electronic waste recycling and a growing appetite for gold as a safe-haven asset are expected to drive market dynamics. Emerging markets are also seeing economic growth that contributes to this trend. Technological advancements in smelting processes and the development of more environmentally friendly methods are some of the key trends expected to shape the market. The jewelry and luxury goods industries are pivotal in this context, as they require high-purity gold for manufacturing fine jewelry and luxury products. An increase in disposable incomes has led to a higher consumer expenditure on high-end goods, thereby boosting demand for gold smelting. According to the World Gold Council, global demand for gold reached 4,553.7 tons in 2024, marking an increase of 61.2 tons compared to the previous year. This demand surge is significantly driving the gold smelting market. Strategic expansions are underway within the industry, with companies enhancing their refining capabilities. A notable development in this regard occurred in August 2024 when Royal Ghana Gold Refinery, in partnership with Rosy Royal Minerals and Ghana's central bank, inaugurated a new facility with a 400 kilograms per day processing capacity. This venture aims to combat revenue loss from unrefined gold exports and illicit gold smuggling. Moreover, in October 2024, StoneX Group Inc. bolstered its market position by acquiring JBR Recovery Ltd.'s precious metal recovery and refining business. This acquisition enhances StoneX's capabilities in metal trading, recycling, and refining, thus offering a comprehensive lifecycle service to its clients. The gold smelting market is dominated by major players such as Newmont Corporation, Barrick Gold Corporation, and Sibanye Stillwater Limited, among others. North America emerged as a leading region in 2024, with the market spanning across regions including Asia-Pacific, Western and Eastern Europe, and more. Countries like the USA, China, India, and Brazil are key contributors to this market, highlighting its global scope. This burgeoning market will continue to evolve, driven by technological innovation, regulatory landscapes, and fluctuating economic conditions. As such, stakeholders must stay abreast of these changes to leverage potential opportunities effectively and sustain growth in this dynamic industry. Report Scope Markets Covered: By Type: Cupellation, Electrolysis, Refining By Gold Source: Ore, Recycled Gold, Placer Gold By Application: Jewelry, Electronics, Dentistry, Investment Subsegments: By Cupellation: Fire Assay Method, Lead-Based Smelting, Oxidation Process By Electrolysis: Wohlwill Process, Electrolytic Refining, Electro-Winning Process By Refining: Miller Process, Aqua Regia Process, Chlorination Process Key Attributes: Report Attribute Details No. of Pages 175 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $29.94 Billion Forecasted Market Value (USD) by 2029 $39.33 Billion Compound Annual Growth Rate 7.1% Regions Covered Global Key Topics Covered: Executive Summary Gold Smelting Market Characteristics Gold Smelting Market Trends and Strategies Gold Smelting Market - Macro Economic Scenario Global Gold Smelting Growth Analysis and Strategic Analysis Framework Global Gold Smelting PESTEL Analysis Analysis of End Use Industries Global Gold Smelting Market Growth Rate Analysis Global Gold Smelting Historic Market Size and Growth Global Gold Smelting Forecast Market Size and Growth Global Gold Smelting Total Addressable Market (TAM) Gold Smelting Market Segmentation Segmentation by Type Segmentation by Gold Source Segmentation by Application Sub-Segmentation of Cupellation Sub-Segmentation of Electrolysis Sub-Segmentation of Refining Gold Smelting Market Regional and Country Analysis Asia-Pacific Gold Smelting Market China Gold Smelting Market India Gold Smelting Market Japan Gold Smelting Market Australia Gold Smelting Market Indonesia Gold Smelting Market South Korea Gold Smelting Market Western Europe Gold Smelting Market UK Gold Smelting Market Germany Gold Smelting Market France Gold Smelting Market Italy Gold Smelting Market Spain Gold Smelting Market Eastern Europe Gold Smelting Market Russia Gold Smelting Market North America Gold Smelting Market USA Gold Smelting Market Canada Gold Smelting Market South America Gold Smelting Market Brazil Gold Smelting Market Middle East Gold Smelting Market Africa Gold Smelting Market Gold Smelting Market Competitive Landscape and Company Profiles Gold Smelting Market Competitive Landscape Gold Smelting Market Company Profiles Gold Smelting Market Other Major and Innovative Companies Global Gold Smelting Market Competitive Benchmarking and Dashboard Key Mergers and Acquisitions in the Gold Smelting Market Recent Developments in the Gold Smelting Market Gold Smelting Market High Potential Countries, Segments and Strategies Countries Offering Most New Opportunities Segments Offering Most New Opportunities Growth Strategies Companies Featured The companies featured in this Gold Smelting market report include: Newmont Corporation Barrick Gold Corporation Sibanye Stillwater Limited Agnico Eagle Mines Limited AngloGold Ashanti Limited Gold Fields Limited Polyus Gold International Newcrest Mining Limited Kinross Gold Corporation Northern Star Resources Limited Harmony Gold Mining Company Limited Kirkland Lake Gold Ltd. Yamana Gold Inc. B2Gold Corp. Evolution Mining Limited Eldorado Gold Corporation OceanaGold Corporation Equinox Gold Corp. Alamos Gold Inc. Lundin Gold Inc. Hecla Mining Company Resolute Mining Limited China National Gold Group Corporation. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Gold Smelting Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Business Insider
28-05-2025
- 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.
Sydney Morning Herald
19-05-2025
- Business
- Sydney Morning Herald
Miners, energy stocks weigh on ASX; Investors react to Moody's move
The Australian sharemarket has retreated on Monday, following US futures lower as investors reacted to ratings agency Moody's stripping the US of its AAA credit rating and deepening concern that growing debt will damage America's standing as the choice destination for global capital. The S&P/ASX200 dropped 29.80 points, or 0.4 per cent, to 8313.90 shortly before 11am. Nine of 11 industry sectors were in the red, with materials and energy stocks weighing on the bourse. Newmont Corporation, up 4.2 per cent, bucked the trend of the materials sector to be among the biggest risers, while a fall in iron ore prices caused BHP (down 1.8 per cent), Fortescue (down 1.9 per cent) and Rio Tinto (down 1.3 per cent) to fall on Monday morning. Mineral Resources (down 5.2 per cent) slumped as it unveiled its new chair, Malcolm Bundey, who will take over James McClements on July 1. Energy companies fell after oil prices dropped. Santos shed 0.5 per cent and Woodside lost 0.4 per cent. Loading The Commonwealth Bank rose 0.6 per cent while the rest of the big four banks had minor falls. Struggling pizza giant Domino's is on the hunt for a new chief executive of its Australia business after the resignation of Kerri Hayman, sister of former CEO Don Meij, who has been in the role for little more than half a year. Domino's shares are 1.9 per cent lower. Location sharing software company Life 360 was up 2.26 per cent. King Charles' property firm The Crown Estate and Australian property giant Lendlease have confirmed they will start a joint venture in the United Kingdom.
Yahoo
15-05-2025
- Health
- Yahoo
Judge fines gold mine $224,000 after company admits disturbing violations: 'Our actions fell short'
An operator of a gold mine in New South Wales, Australia, has admitted fault after it was fined AUD$350,000 ($224,000 USD) by a judge for violating air pollution regulations. Australian Broadcasting Corporation reported that the owner of one of the country's largest gold mines, Newmont Corporation, was fined for exceeding the limits for airborne solid dust particles on three different occasions — in November 2021, March 2022, and May 2023. Newmont Corporation pleaded guilty to the breaches, and on top of the $350,000, it was ordered to pay New South Wales' Department of Climate Change, Energy, the Environment and Water $61,500 (over $39,000 USD) in monitoring costs, as well as the Environment Protection Authority's legal costs. "We recognise that our actions fell short of regulatory standards and our own expectations," a Newmont spokesperson said in a statement. The breaches were discovered at a ventilation site in Cadia, which expelled dust into the atmosphere from underground workings — like crushing stations, conveyors, and vehicle movements — through surface exhaust fans. The court found the breaches likely had "minimal harm to the environment," due to the fact that most of the material formed mud globules that remained close to the ventilation site, per ABC News Australia. However, exhaust from mining still poses serious threats to the health of humans and the ecosystem. A study published in the International Journal of Environmental Research and Public Health, shared by the National Library of Medicine, observed that mining generates large quantities of heavy metals, like zinc, copper, and lead, that contaminate the soil and water systems. For example, high levels of exposure to lead can impact cardiovascular and kidney health, with children and pregnant women particularly susceptible to its dangers, according to the World Health Organization. Gold mining also requires large amounts of electricity. According to a study published in the journal Science of the Total Environment, shared by Science Direct, Australia reported 588 million tons of carbon dioxide equivalent in yearly planet-warming gas emissions in 2018, with gold mining a significant contributor. In the case of Newmont, its spokesperson said after the breaches were fixed that the mine had been compliant with air quality standards and had real-time monitoring available on its website. Should we be digging miles beneath Earth's surface? No way Definitely Depends what it's for Depends where we do it Click your choice to see results and speak your mind. In 2024, Newmont was also recognized by International Mining for "responsible production practices" following an independent study. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
