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Podcast: Mining Stock Education
Episode: Newmont Likely to Announce “Blowout” Quarterly Earnings Next Week says Pro Investor David Erfle
Description: David Erfle is expecting Newmont $NEM to report “blowout” quarterly earnings next week. The gold price averaged $2090/oz in Q1 ’24, but it averaged $2340/oz in Q2, David pointed out. “So you’ve got the largest gold miner in the world that is about to announce [earnings] results [next week]. And basically, [production] costs have flattened out but the gold price is almost $350/oz higher. So, it is likely to be another blowout quarter, and yet your generalist investor is not really paying attention,” Erfle stated in this MSE episode. David also provides commentary on the gold price and the broader junior minin...