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A gold producer, engaged in the exploration for and acquisition of gold properties. The Company has operations in the United States, Australia, Peru, Indonesia, Canada, Bolivia, New Zealand, Ghana and Mexico.
Gold hit its target of 1,000 an oz. It will trend down for the forseeable future. This is a big negative for Newmont which is not hedging its exposure to Gold fluctuations. The company Earnings have not been great even with how strong gold prices have been, its going to get ugly.
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