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Feb 27, 2024

'Once-in-a-generation buy': Newmont CEO touts stock as miner attempts to raise US$2B
Jordan Fleguel, BNN Bloomberg

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The head of Newmont Corp., the world’s largest gold producer, says that his company’s current stock price is the lowest it will be for a generation as the miner attempts to consolidate its collection of top-tier assets.

The U.S.-based gold giant recently announced that it will seek to sell six mines and two other projects in order to generate US$2 billion in cash as it transitions to a portfolio of solely tier-one assets; the world’s largest and most-sought after gold mines.

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“We'll have 10 tier-one gold mines in our portfolio, that's over half of the tier-one gold mines that exist in the world,” Tom Palmer, CEO of Newmont, told BNN Bloomberg in a Tuesday interview.

“It’s a really powerful go-forward portfolio for Newmont that comes on the back of that transaction.”
Newmont market cap is 34 billion and Bennymojo the slimy dishwashing weasel is trying to tell us aabb is going to be larger than Newmont, what a bullshiting clown! Go back to where you belong cleaning the buffet scraps off the plates and answer the question about your 2 previous scams you slimy weasel!