On August 10, Newmont Mining rose 3.36% in pre-market trading, trading at $116.85/share, with turnover of $5.4179 million.

On the news front, Newmont and Barrick Mining announced they have agreed to contribute excluded properties — including Barrick's Fourmile and Newmont's Fiberline and Mike developments — to the Nevada Gold Mines joint venture. The agreement resolves all outstanding disputes between the two companies. Under the deal, Newmont will pay Barrick $1.95 billion for the property contributions and has consented to Barrick's proposed IPO of its North American gold assets. Enhanced governance provisions under a modernized joint venture agreement will also be adopted.

Additionally, spot gold prices continue to climb near one-month highs, providing further upside momentum for the gold mining sector. Goldman Sachs previously recommended buying gold on dips, citing solid support around $4,000 and structural demand from resumed central bank purchases. Most investment banks maintain buy ratings on Newmont with a consensus target price of approximately $132, implying further upside from current levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)