Newmont Stock Slides Sharply After Financial Chief Resigns -- Barrons.com

Dow Jones

Jul 16

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)

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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. \n</p>\n<p>\n     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. \n</p>\n<p>\n     Newmont was falling 7.7% on Tuesday, making it the worst performer in the S&amp;P 500. \n</p>\n<p>\n     The news comes on a largely downcast day for gold and gold-mining stocks. 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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2025 13:03 ET (17:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Newmont Stock Slides Sharply After Financial Chief Resigns -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNewmont Stock Slides Sharply After Financial Chief Resigns -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-16 01:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Nate Wolf \n</p>\n<p>\n  Newmont stock was falling sharply Tuesday after the Colorado-based gold miner disclosed that its chief financial officer had resigned. \n</p>\n<p>\n     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. \n</p>\n<p>\n     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. \n</p>\n<p>\n     Newmont was falling 7.7% on Tuesday, making it the worst performer in the S&amp;P 500. \n</p>\n<p>\n     The news comes on a largely downcast day for gold and gold-mining stocks. Peers Barrick Mining, <a href=\"https://laohu8.com/S/AEM\">Agnico Eagle Mines</a>, and <a href=\"https://laohu8.com/S/FNV\">Franco-Nevada</a> all were falling between 1% and 2% on Tuesday, while gold futures dipped 0.8% to $3,334.10. \n</p>\n<p>\n     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. \n</p>\n<p>\n     Write to Nate Wolf at nate.wolf@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2025 13:03 ET (17:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2498475776.HKD","symbol_name":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (HKD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2551199936","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551199936","pubTimestamp":1752598980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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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. \n\n\n     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. \n\n\n     Newmont was falling 7.7% on Tuesday, making it the worst performer in the S&P 500. \n\n\n     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. \n\n\n     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. \n\n\n     Write to Nate Wolf at nate.wolf@barrons.com \n\n\n     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. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 15, 2025 13:03 ET (17:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}