Movement Alert｜Newmont Mining Falls 3.01% in Regular Trading, Gold Price Retreat and Cost Pressure Weigh on Gold Miners

Market Focus11-12 23:01

On November 12, Newmont Mining fell 3.01% in Regular Trading, trading at $114.67 per share, with turnover of $70.70 million.

The move aligned with broad weakness across gold miners as stronger US inflation data and hawkish Federal Reserve expectations pressured gold prices, while investor concerns increased over margin compression from softer bullion prices and elevated mining costs.

Recent market updates indicated Newmont Mining had already been pressured in pre-market trading on November 12 under the same backdrop. Sector declines were also broad-based, with ANGLOGOLD ASHANTI PLC down 3.34%, Kinross down 3.33%, Agnico Eagle Mines down 3.18%, Barrick Mining Corporation down 2.07%, and Franco-Nevada down 2.10%. Although the company last reported adjusted EPS of $2.20 and revenue of $6.363 billion above expectations, the near-term trading focus has shifted to gold-price sensitivity and cost inflation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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