Brien Lundin – Newmont Earnings Recap; Open Pit Mining In Mexico And Opportunities In Silver Stocks
Brien Lundin, Editor of the Gold Newsletter and our host at the New Orleans Investment Conference joins me to analyze Newmont’s earnings report, highlighting the growth in revenue and gold production alongside concerns about rising costs, and the market reaction. We also delve into opportunities within the silver sector amidst the recent price breakout. Additionally, we touch on the implications of changes in Mexican leadership for silver mining investments and provide insights based on historical market trends.
Click here to learn more about the New Orleans Investment Conference on November 20-23 –
Timestamps
00:00 Newmont’s Earnings Breakdown
01:24 Market Reaction and Cost Issues
01:57 Brien’s Analysis and Insights
05:01 Future Outlook for Newmont
07:08 Market Leadership and Cost Control Challenges
07:17 Silver’s Breakout and Junior Stocks
08:55 Western Investors and Market Trends
10:04 Silver’s Key Levels and Future Outlook
11:06 Positive News for Silver Stocks in Mexico
12:50 Risks and Opportunities in Mexican Silver Mining
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Disclaimer: The content in this podcast is not intended to be financial advice. It is meant for educational and entertainment purposes only.
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The management should be dismissed immediately, they can’t control costs when their largest input is down?!? Unreal
Does silver behave like gold or copper?..
Has NEM bottomed out already?
Why is NEM so busy internally?
Why doesn’t NEM have positive P/E?
Frankly, I think the results were actually very good. A return to profitability when compared to 2023, 2 billion in share buyback + 2 billion more over the next 24 months (this sell off just brought that sooner rather than later), massive debt repayment and reduction, maintaining dividends, devestiture on noncore assets generating 1,5 billion. And then there is the mining cycle: mines put their worst grade ore though mills when the gold price is high. The fact that this is probably happening and the company was still able to recover 1,5 million ounces on the other side is pretty good. There is also the partnership with Barrick on the Nevada assets (where AISC seems to be worse) that is very likely to produce good results for both companies. But it takes time.
It was the i/b/e/s consensus estimate that they missed, not their own guidance, which they exceeded. There is no reason for being skeptical about their Q4 guidance, because they haven't missed their Q3 guidance.
Their Q2 slide presentation had guided Q3 with 78 cents EPS earning. It was the analysts that somehow come to the consensus of 86 cents. And somehow in the Q3 presentation, they agreed that it was a miss from 86 cents. They didn't guide that expectation. They shouldn't have 86 cents in their Q3 Conference call slide, because they have never guided that expectation.
See their Q2 conference call slide: https://cdn-ceo-ca.s3.amazonaws.com/1jhlkk0-Screenshot_20241025-095553_YouTube.jpg
Newmont still in transition with acquisition of Newcrest . . . not the example that should be analyzed. 🤓
Newmont appears to be run poorly as many big corporations are. I have owned many silver miners in Mexico throughout the past years. I am not too worried about it. AG, EXK, FSM. END THE FED. Gold IS money.
Mining companies.. don’t know how to manage.. with gold up and crude down and still your costs increase .. what a shame … management should be changed
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