Newmont jumps on Q2 profit beat; retail sees gold miner rally
Newmont stock rose nearly 2% premarket after Q2 earnings of $1.43/share topped expectations of $1.16/share. Costs fell 4%, and gold prices surged to $3,320/oz. Retail sentiment turned 'extremely bullish' as investors bet on a broader gold mining rally. Newmont shares are up over 29% YTD, boosted by its $17 billion Newcrest acquisition.
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