What's Behind Newmont Mining's 44% Surge?
1. NEM's stock recovered, gaining 44% YTD amidst rising gold prices. 2. Gold prices surged 30%, benefiting Newmont's profitability significantly. 3. Acquisition of Newcrest Mining expected to generate $500 million in annual benefits. 4. Revenue of $5.01 billion in Q1 2025 surpassed expectations, bolstering confidence. 5. Newmont has reduced debts and returns $1 billion to shareholders via buybacks.