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28 stories mentioning ASX:NEMUpdated 6d ago

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Asia

Australian Shares Fall; Cochlear Confirms US Duty-Free Access for Hearing Implant Systems

Australian shares declined on Friday, as concerns over inflation rose after oil prices jumped above the $100-mark.The S&P/ASX 200 Index declined 0.75%, or by 66.70 points, to close at 8,772.30.Overnight, the Nasdaq Composite index on Wall Street fell 2.2%, the S&P 500 retreated 1.2%, and the Dow Jones declined 1%.Brent crude oil futures were trading over $100 per barrel, after jumping 7% overnight to a two-month high of $102 per barrel. The Iran-aligned Houthis struck Saudi Arabian tankers in the Red Sea even as shipping remains constricted in the Straits of Hormuz.US President Donald Trump threatened to escalate the conflict with Iran after the attacks in the Red Sea. The US administration is also said to intend to impose higher tariffs on 60 trading partners.On the domestic front, Australia's private sector expanded at its fastest pace in 2026 in July as new business returned to growth after four months; however, business confidence remained subdued despite easing cost pressures, according to a S&P Global survey. The Flash Australia PMI Composite Output Index rose to 52.6 in July from 50.4 in June, marking its highest level since the start of the year and indicating a second consecutive month of private sector growth.The Reserve Bank of Australia (RBA) is anticipated to hold interest rates steady at 4.35% in 2026 amid a slowing activity backdrop, despite elevated inflation risks, before beginning to cut rates from mid-2027, National Australia Bank (ASX:NAB) said.In company news, Cochlear (ASX:COH) said its hearing implant systems will continue to be imported into the US duty-free after the US Government's final Section 301 investigation findings retained the tariff classification covering duty-free entry for hearing implants.Newmont (ASX:NEM) reported second quarter adjusted net income of $2.10 per share, up from $1.43 a year earlier. Revenue for the three months ended June 30 was $6.12 billion, compared with $5.32 billion a year earlier.Lastly, ASX (ASX:ASX) said Chief Financial Officer Andrew Tobin informed the group of his intention to retire.

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Asia

ASX Preview: Australian Shares to Fall After Oil Surge, Fresh Trump Tariffs; Newmont Posts Higher Q2 Adjusted Earnings, Revenue

Australian shares are poised to fall on Friday as a surge in oil prices above $100 a barrel stoked concerns over inflation and global economic growth after attacks on Saudi oil tankers in the Red Sea intensified supply disruption fears.Markets were also pressured by renewed trade tensions after the Trump administration announced new tariffs on 60 trading partners, including the European Union, as a temporary US tariff regime expired.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1.2%, 2.2%, and 1%, respectively.In the macroeconomy, Australia's private sector expanded at its fastest pace of 2026 in July as new business returned to growth after four months, though business confidence remained subdued despite easing cost pressures, according to a survey by S&P Global released Friday.In corporate news, Newmont (ASX:NEM) reported Friday second quarter adjusted net income of $2.10 per share on revenue of $6.12 billion, compared with adjusted net income of $1.43 on revenue of $5.32 billion a year earlier.Regis Resources (ASX:RRL) said June quarter gold production was 101,500 ounces at an all-in sustaining cost of AU$3,244 per ounce, with gold sales of 102,400 ounces totaling AU$639 million at an average realized price of AU$6,241 per ounce.Australia's benchmark index rose 0.2% or 16 points to close at 8,839 on Thursday.

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Asia

Newmont Posts Higher Q2 Adjusted Earnings, Revenue

Newmont (ASX:NEM) reported Friday second quarter adjusted net income of $2.10 per share, up from $1.43 a year earlier.Analysts polled by FactSet expected earnings of $1.99.Revenue for the three months ended June 30 was $6.12 billion, compared with $5.32 billion a year earlier. Analysts surveyed by FactSet expected $6.36 billion.The company said it remains on track to meet its 2026 total attributable gold production guidance of 5.3 million ounces at an all-in sustaining cost of $1,680 per ounce.The board declared a quarterly dividend of $0.26 per share, up from $0.25 a year earlier, payable Sept. 28 to shareholders on record as of Sept. 3.

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Asia

Evolution Mining Shares Jump 4% as Gold Prices Rise

Shares of Evolution Mining (ASX:EVN) jumped 4% in recent trading on Tuesday as gold prices rose to trade around the $4,000-per-ounce mark.Spot gold rose nearly 1% to $4,045.65 per ounce.Northern Star Resources' (ASX:NST) shares rose over 2%, while those of Newmont (ASX:NEM) climbed nearly 1%.

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Asia

Shares of Gold Miners Decline Nearly 1% As Price of Precious Metal Steadies

Shares of Northern Star Resources (ASX:NST), Newmont (ASX:NEM), and Evolution Mining (ASX:EVN) declined nearly 1% in recent trading on Monday as the price of gold steadied.Gold steadied to trade around $4,010 per ounce after falling below the $4,000-mark in the previous week.Investors expressed concern about the potential tightening of the monetary policy by the US Federal Reserve if the surge in oil prices caused by the conflict in the Middle East causes inflation to spike.

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Asia

Newmont, Evolution Mining, Northern Star Resources Shares Fall as Gold Prices Decline

Northern Star Resources (ASX:NST) shares fell past 2%, and Evolution Mining (ASX:EVN) shares dropped by almost 1% in recent Tuesday trade, while Newmont (ASX:NEM) shed slightly to 0.3%, as gold prices declined.Spot gold fell below $4,000 per ounce as rising Middle East tensions increased bets of a US Federal Reserve rate hike.

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Asia

Newmont Welcomes Canadian Government's CA$500 Million Support for Domestic Project; Shares Gain 4%

Newmont (ASX:NEM) on Friday welcomed the Canadian government's decision to provide CA$500 million of financial support for the company's domestic Red Chris Block Cave project.The company is completing a definitive feasibility study for the project, which is expected to extend the life of the current Red Chris mine by about 14 years, it said.Red Chris Block Cave is forecast to create more than 1,800 jobs during construction, sustain a total of 1,500 peak-season operational roles, and boost Canada's copper production by an estimated 15%, Newmont said.The company's shares gained 4% in recent Friday trade.

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Asia

Gold Miners' Stock Price Rises As Precious Metal Steadies

Shares of Northern Star Resources (ASX:NST), Newmont (ASX:NEM), and Evolution Mining (ASX:EVN) all rose over 2% in recent trading on Friday as the price of gold rose to around $4,000 per ounce.Gold remains on track for a fourth weekly loss as investors react to a potential hawkish trajectory from the US Federal Reserve.

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Asia

Newmont, Evolution Mining, Northern Star Resources Shares Fall as Gold Prices Decline

Newmont (ASX:NEM) and Evolution Mining (ASX:EVN) shares fell about 5% in recent Friday trade, while Northern Star Resources (ASX:NST) shed over 2%, as gold prices declined.Comex gold futures were down 1% and the spot gold price retreated 0.8% after the US and Iran struck a peace deal to end the Middle East conflict, and following a rate hold by the US Federal Reserve earlier this week.

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Asia

Gold Mining Firms' Shares Follow Precious Metal Higher on Strait of Hormuz Reopening Hopes

Shares of Pantoro Gold (ASX:PNR) advanced 7% in recent trade, while those of Genesis Minerals (ASX:GMD) climbed nearly 5% as the price of gold rose to trade around $4,340 per ounce, after US President Donald Trump said the Strait of Hormuz could reopen on Friday.Shares of Newmont (ASX:NEM) rose 2%.

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Asia

Newmont Names Mark Rodgers as COO, Brian Tabolt as CFO

Newmont (ASX:NEM) named Mark Rodgers as its chief operating officer, effective July 1, according to a Tuesday filing with the Australian bourse.Rodgers has more than 30 years of experience in the mining sector and is currently the managing director of Newmont's Africa Asia Pacific business unit.The company also appointed Brian Tabolt as chief financial officer, and David Thornton as chief technical officer, also effective July 1.Tabolt most recently served as Newmont's chief accounting officer, while Thornton is currently the company's managing director for the Americas.

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Asia

Develop Global Names Interim Chief Financial Officer

Develop Global (ASX:DVP) said Felicity Hughes was named as its interim chief financial officer, following the resignation of Ben MacKinnon, effective July 1, according to a Monday Australian bourse filing.Hughes was most recently regional CFO at Newmont (ASX:NEM).

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Asia

Newmont, Genesis Minerals Shares Rise Buoyed by Hopes of Middle East Peace Agreement

Newmont's (ASX:NEM) shares rose over 4% while those of Genesis Minerals (ASX:GMD) were up over 9% as the materials sector benefited from a rally on hopes of a peace deal between the US and Iran.US President Donald Trump said the US had cancelled planned strikes against Iran, and that the US and Iran could sign a peace agreement as soon as ​this weekend, Reuters reported.

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Asia

Newmont, Evolution Mining Shares Decline As Gold Falls

Shares of both Newmont (ASX:NEM) and Evolution Mining (ASX:EVN) dropped over 3% in recent trading on Wednesday as the price of gold fell to $4,225 per ounce.

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Asia

Newmont, Evolution Mining, Northern Star Resources Fall as Gold Hits Two-Month Low

Major gold mining stocks declined in recent Thursday trade as the price of the precious metal fell to a two-month low.Newmont (ASX:NEM) shed more than 6%, while Evolution Mining (ASX:EVN) and Northern Star Resources (ASX:NST) both tumbled past 5%.The spot gold price was down 1.6% to $4,383.35 per ounce, while Comex gold futures retreated around 1.5%.

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Asia

Newmont, Evolution Mining, Northern Star Resources Shares Fall as Gold Price Declines

Major gold mining stocks fell in recent Tuesday trade after the price of the precious metal declined amid US strikes in the Strait of Hormuz that cast doubt on the outcome of Middle East peace talks.Newmont (ASX:NEM) shed nearly 3%, while Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) both fell nearly 2%.Spot gold prices were down 0.8% on worries that the US strikes could jeopardize peace negotiations, Bloomberg reported. US forces targeted missile launch sites in Iran as well as boats that were attempting to lay mines in the Strait of Hormuz, the report said, citing a US Central Command statement.

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Asia

Australian Mining Stocks Rally as Gold Price Ticks Higher

Australian gold mining stocks jumped in recent Monday trade as the price of the precious metal ticked higher.Northern Star Resources (ASX:NST) and Newmont (ASX:NEM) both advanced nearly 5%, while Evolution Mining (ASX:EVN) gained more than 4%.Comex gold futures were up nearly 1%, and spot gold prices rose past 1%.

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Asia

Australian Gold Producers Flush With Free Cash Flow, Says Euroz Hartleys

Australian gold producers generated record free cash flows in the March quarter despite higher capital spending on growth projects, Euroz Hartleys said in a note on Wednesday.Cash flows were helped by higher prices, with gold averaging roughly at AU$6,998 per ounce, even as production remained largely flat.According to the investment firm, around 21 companies collectively generated free cash flow of about AU$2.7 billion, up from AU$1.53 billion in the December quarter."We believe it is important to keep one eye on the real total costs of production, otherwise you risk buying a producer with more leverage than you bargained for," analysts at the brokerage said.The firm added that concerns related to diesel supply are largely a pricing issue rather than a shortage and are already reflected in valuations.Euroz Hartleys said West African Resources (ASX:WAF) was the cheapest gold stock on a cashflow yield basis, while Greatland Resources (ASX:GGP) was the lowest-cost producer.

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Asia

Newmont Renews Contract With MLG Oz

Newmont (ASX:NEM) renewed its contract with MLG Oz (ASX:MLG) for the continuation and expansion of integrated site services at the Tanami operations in the Northern Territory, according to a Monday filing with the Australian bourse.The agreement provides a new five-year term from May, with two further one-year extension options, and is expected to generate about AU$200 million in revenue for MLG Oz over its term, the filing said.Newmont shares fell nearly 2% in midday trade Monday, while MLG Oz shares were down past 3%.

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Asia

Newmont Chief Technical Officer to Retire

Newmont (ASX:NEM) said that Executive Vice President and Chief Technical Officer Francois Hardy has notified the board of his decision to retire, effective June 30, according to a Wednesday Australian bourse filing.Erin Workman will serve as acting chief technical officer effective May, the filing said.

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