NEM has been in the news 750% more than usual
Dec 07, 2024, 7:30 AM
-7.30%
What does NEM do
Newmont, headquartered in Denver, Colorado, focuses on gold exploration and acquisition, employing 21,700 people. Its operations span Africa, Australia, Latin America, North America, and Papua New Guinea, with key mines like Ahafo and Boddington.
NEM has been in the news recently: Newmont Corporation is selling the Cripple Creek & Victor Gold Mine to SSR Mining Inc. for up to $275 million, which is part of a larger $3.9 billion divestiture strategy. This acquisition is expected to increase SSR Mining's annual gold production by 170,000 ounces.
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