Newmont Corp's stock soared 7.30% during Monday's intraday trading session, significantly outperforming the broader market.
The sharp rise in Newmont's share price was driven by a surge in gold prices following major US and Israeli strikes on Iran, which raised global geopolitical tensions and boosted demand for the safe-haven metal. Spot gold rose 1.4% to $5,348.49 an ounce amid the heightened risk environment.
Other gold miners also benefited from the rally, with shares of Northern Star Resources and Evolution Mining rising approximately 4% and 6% respectively during the same trading period.
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