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Outlook: Newmont Mining’s Stock Momentum after 1Q18 Results

Annie Gilroy
Outlook: Newmont Mining’s Stock Momentum after 1Q18 Results

Newmont Mining (NEM) is one of the very few gold mining stocks to have given a positive return year-to-date. As of April 17, it has returned 10.9%, compared to a loss of 1.5% for the VanEck Vectors Gold Miners ETF (GDX). Its strong project pipeline is the major driver behind its consistent-to-increasing production profile.