NYSE:NEMMetals and Mining
Why Newmont (NEM) Is Down 9.2% After A Commodity-Driven Selloff Despite A $6 Billion Buyback – And What's Next
In early June 2026, mining stocks, including Newmont, were hit by a sector-wide selloff as gold, silver and copper prices dropped alongside a broader equity market pullback tied to interest rate concerns.
This came shortly after Newmont reported a strong first quarter, authorized a very large US$6.00 billion share repurchase program, and continued expanding its exploration footprint through a joint venture in Australia.
Next, we’ll examine how the commodity-driven selloff, despite Newmont’s...