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Forbes
216 days

Gold Miners Reaping A Record Cash Harvest

1. Newmont Corporation leads cash harvesting among gold miners due to high gold prices. 2. Gold prices have risen by 30% over the last year, increasing earnings potential. 3. Goldman Sachs predicts Newmont's share price to increase to $47.20 by 2024. 4. Strong central bank demand is expected to push gold prices toward $3000/oz. 5. Goldman Sachs anticipates growing cash harvest and M&A activity in gold sector.

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FAQ

Why Bullish?

Newmont's potential price increase reflects positive sector performance, similar to past rallies.

How important is it?

Insights into gold price trends and forecasts directly affect Newmont's operational outlook.

Why Long Term?

Gold price inflation supports sustained performance over the next 12 months, like past cycles.

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