On September 28, Newmont Mining fell 4.13% in pre-market trading, trading at $116.98 per share, with turnover of $474,500.

On the news front, spot gold suffered a sharp selloff during the Asian session, plunging to around $4,215 per ounce — a single-day drop of nearly $70 — extending the prior week's cumulative decline of over 2%. The broad gold mining sector came under significant pressure, with Coeur Mining down 5.46%, Wheaton Precious Metals down 4.46%, Agnico Eagle Mines down 4.10%, Barrick Mining down 3.92%, and Kinross down 2.24%.

On the fundamental side, Newmont recently resolved all outstanding disputes with Barrick Mining regarding the Nevada Gold Mines joint venture, paying $1.95 billion to integrate key properties including the Fourmile project. UBS estimated the company could return over $7 billion to shareholders in full-year cash distributions. Multiple investment banks have raised price targets in recent weeks, with RBC Capital setting the highest at $155 and FactSet consensus averaging around $139.51 — well above the current trading price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)