Stock Track | Newmont Corp Soars 5.01% Intraday on Call Option Deal with Wyloo

Stock Track

01/21

Newmont Corp (NEM.AU) saw its stock price surge by 5.01% during Wednesday's intraday trading session. The significant movement followed news of a financial transaction involving the company.

According to a recent filing, Wyloo Consolidated Investments exercised a call option deed with Newmont, resulting in the acquisition of 66.7 million shares in Greatland Resources for over AU$200 million. This deal, dated September 10, 2024, has likely contributed to the positive investor sentiment driving Newmont's stock higher.

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The significant movement followed news of a financial transaction involving the company.</p><p>According to a recent filing, Wyloo Consolidated Investments exercised a call option deed with Newmont, resulting in the acquisition of 66.7 million shares in Greatland Resources for over AU$200 million. 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