Viljoen Natascha sold $477K of NEM

Newmont Corporation (NEM) shares rose 34.5% in August, driven by a gold price rally and a dispute resolution with Barrick Mining (B). The companies agreed on a $1.95 billion deal for Barrick's assets in their Nevada joint venture, benefiting both. Rising bond yields and geopolitical tensions may continue to support gold prices, impacting NEM's stock.

Barrick Mining (ABX, B) expanded its Nevada Gold Mines joint venture with Newmont (NEM) in an August 2026 deal, adding nearly 100 million ounces of gold. Barrick reported Q2 2026 gold production up 11% from Q1 and net earnings up 50% year-over-year. US policy aims to boost domestic gold mining, benefiting Barrick's Nevada operations.

China remains the top gold producer, with 384 tonnes in 2025, while U.S. production fell 32% since 2010. The U.S. aims to boost domestic mining through faster permitting and investment. Barrick Mining, the largest U.S. gold producer, reported Q2 2026 earnings of $1.22B and plans to expand Nevada Gold Mines with Newmont, creating a 100M-ounce complex. Analysts have mixed ratings and price targets for Barrick.

Newmont Goldcorp (NEM) shares fell 2.6% pre-market to $122.83 due to declining gold prices, influenced by hawkish Fed comments. The company's ex-dividend date and broader market declines also contributed. Newmont appointed Peter Beaven to its board, but this did not offset the selling pressure. The stock remains above its 52-week low of $73.44 but below its high of $135.29.

Barrick Mining (B) and Newmont (NEM) resolved disputes over Nevada Gold Mines, with Newmont paying Barrick $1.95B. Barrick plans an IPO for North American assets by 2026. Q2 results: Barrick reported $5.29B revenue, $1.7B operating cash flow; Newmont reported $7.7B revenue, $2.9B operating cash flow. Analysts raised price targets for both.

Gold mining stocks fell 4.6% after a surprise rate hike comment from Fed Chair Warsh, reversing some of August's 23.8% gains. VanEck Gold Miners ETF dropped 4.60% to $98.92, while spot gold declined 2.9% to $4,567.23. Newmont's strong margins and share buybacks provide support.