Why Is Newmont Stock Surging Friday?

Shares of copper-related companies are trading higher amid multiple catalysts providing tailwinds for the metal. A weaker dollar, declining London Metal Exchange inventories, and demand confidence stemming from AI-related data center and infrastructure needs are converging to support the red metal's price.

$250 Billion Deficit Is Creating The Low-Risk Way To Play The Mining Supercycle

Discover how streaming deals like Wheaton's $4.3B Antamina stream provide alternative capital for rising mine costs.

Shares of copper-related companies are trading higher as declining Treasury yields signal economic growth and could support industrial demand. Also, supply bottlenecks related to mining disruptions in Chile contribute to the metal's strength.

Shares of precious metal-related companies are trading higher as gold prices continue to rise. The U.S. Treasury's recent expansion of its debt repurchase program weighed on yields and dollar strength.

The Dividend Yield on Barrick Mining Just Crossed 2%. Here's Why It's Sustainable.

Barrick Mining's dividend yield has reached 2.16%, more than double the S&P 500 average, and is considered sustainable with a 24% payout ratio. The company reported strong Q2 earnings with 28% FCF growth and 55% EPS increase. A settlement with Newmont provides $1.95 billion in cash and clears the way for an IPO of North American gold assets. The stock trades at a discount valuation of 11.5x forward earnings.

Why Newmont Mining Rallied Today

Newmont Mining shares surged 7.9% on Wednesday following a Treasury Department announcement to double its Treasury Bond buyback program for long-dated securities. The announcement caused long-term Treasury yields to decline, which boosted gold prices. While the company announced a minor $70 million divestiture, the primary driver of the rally was the positive impact on gold prices from lower interest rates.