By Nate Wolf
Newmont stock was falling sharply Tuesday after the Colorado-based gold miner disclosed that its chief financial officer had resigned.
Karyn F. Ovelmen, who had served as financial chief at Newmont since 2023, tendered her resignation last Friday and will leave the company on July 25, Newmont said in a Securities and Exchange Commission filing. The company didn't disclose the reason for Ovelmen's departure but said it wasn't due to disagreements over operations, financial reporting, or accounting.
Newmont appointed Peter Wexler, the company's current chief legal officer, as interim chief financial officer. Wexler also will continue in both roles while the company begins a search for Ovelmen's permanent replacement.
Newmont was falling 7.7% on Tuesday, making it the worst performer in the S&P 500.
The news comes on a largely downcast day for gold and gold-mining stocks. Peers Barrick Mining, Agnico Eagle Mines, and Franco-Nevada all were falling between 1% and 2% on Tuesday, while gold futures dipped 0.8% to $3,334.10.
Gold miners have enjoyed a banner year as investors flocked to bullion as a safe-haven amid global trade uncertainty. Newmont remains up more than 50% since the start of 2025.
Write to Nate Wolf at nate.wolf@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
July 15, 2025 13:03 ET (17:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。