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.
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Like many of the miners Newmont was lagging the long term bull market in gold but recently this has changed.
Back in April the company linked its dividend directly to the price of gold and since then NEM has had a very close correlation to the price of gold. Gold will continue to rise due to expanding government debt and out of control fiat money creation and Newmont will rise with it.