NEM 2.95% $72.49 newmont corporation

Ann: Second Quarter 2024 Results Release (Form 8-K), page-10

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    ..just a comment from my advisor who has colleagues operating on the tsx. I ignore target calls by “experts” and simply look at company fundamentals . NEM needs to get debt down and tighten cost controls ..hence the need to divest of those 6 non-core assets. Admittedly NEM is making profit from those assets but the margins are much less than the core portfolio. The cash proceeds from asset sales are better applied to lower debt and buy back stock. SP will respond to a return to higher dividends and that will happen after the current strategies are achieved. NEM was in a spot of bother before the NEW takeover. The dilution to EPS will take a bit of time to turn. The PoG continues to head north but my concern is complacency. The management is new to us so we’ll have to wait see. Overall I have been and contribue to be confident to hold. I have taken profits but still have a significant holding.
 
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