$NEM

Charles River Labs rose 5% after reaffirming fiscal 2026 guidance. Nebius gained 6% on Bank of America's revenue upgrade. Oracle fell 4% after a force majeure notice on a data center project. Bloom Energy dropped 6% alongside Oracle. Arm Holdings slid 6% after its CFO sold shares. GoDaddy climbed 3% on a takeover offer from Gen Digital. Darden Restaurants dipped 2% despite in-line earnings. MGM Resorts tumbled 10% after a withdrawn takeover bid. Meta Platforms advanced 3% on AI optimism.

Darden Restaurants fell 6.6% after Q1 results met earnings estimates but missed revenue expectations. MGM Resorts dropped 9% as Barry Diller withdrew a buyout offer. BlackBerry rose 2% after beating Q2 earnings and revenue estimates. Meta slipped 2% following a 12% weekly gain. Knife River gained 5% on activist investor interest. Everpure rose 6.7% on positive 2028 guidance. Gold miners declined with gold futures.

Goldman Sachs reiterated a $5,400/oz gold forecast by 2027, citing strong central bank demand. Blue Jay Gold (JAY) reported 67% antimony concentrate at 94% recovery from its Steller project, with first products expected soon. Other gold-related stocks mentioned include NEM, AEM, RGLD, and ABX.

Jevons Robotics launched ARTEV1000, an autonomous system for loading pre-split explosives in mining. The system reduces human exposure to hazardous areas. Newmont (NEM) will deploy it at its Boddington operation in Australia, marking the system's first global use.

Australia's gold output totaled 303 tonnes (9.7M oz.) in the year ended June, up 4 tonnes from the prior year, according to Surbiton Associates. Newmont's Boddington mine led production, while Cadia mine's output fell due to seismic disruptions. Northern Star Resources is expanding its Super Pit processing plant. High copper prices are benefiting some gold operations, like Evolution Mining's Northparkes mine, which reported negative all-in sustaining costs due to copper credits.

Gold miners' payments to governments rose 77% to $18.2B in 2025, according to Metals Focus, while local procurement hit a record $30.8B. Emissions intensity increased 7% despite some reductions in Scope 2 and 3 emissions. Safety improved with 21 fatalities, the lowest since the pandemic. Investors focus on ESG performance alongside financial metrics.

UBS raised Newmont's price target to $155 from $120, citing improved capital returns outlook and resolution of a key overhang. The bank expects significant shareholder returns and production growth per share. Newmont has outperformed the GDX gold index by less than 5% since the resolution, which UBS believes does not fully reflect the improved outlook.

Newmont resolved its Fourmile project dispute with Barrick Mining, reducing execution risk and supporting shareholder distributions. The company projects $31.4B revenue and $12.3B earnings by 2029, with analysts estimating 6.8% yearly revenue growth. The resolution and recent gold price rebound may impact Newmont's investment narrative and operational focus.

Barrick Mining and Kinross Gold returned significant cash to shareholders, cutting capital expenditure. Barrick returned $1.5B in Q2 2026, up 242% YoY, while Kinross returned over $600M in H1 2026 and bought back $1.1B in stock. Both companies are prioritizing shareholder returns over new mine development. RUA Gold reported a maiden resource estimate for its Auld Creek project, with a positive preliminary economic assessment showing an after-tax NPV of $42M and a 17% IRR. The project is in New Z

Newmont Goldcorp (NEM) shares rose 1.5% in pre-market trading to $123.63 as gold prices recovered toward $4,300/ounce. UBS and RBC raised their price targets to $155, citing cash returns and production growth. The company resolved a dispute with Barrick Mining and has a $6B share buyback program. The broader market also gained, supporting risk assets.