Newmont: This Is How We Are Betting On Gold

(7min)

Summary

  • Newmont Mining offers a quality gold mining portfolio in non-threatening jurisdictions.
  • The stock is now down since Q3-2024 results and also funnily, down since 1995.
  • Like most gold mining companies, the stock price has lagged the price of Gold by about 600%.
  • We still bought some. We tell you why and how.
  • Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, Conservative Income Portfolio. Learn More »

Mouse dilemma

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We have generally not exhibited much love for the gold mining companies. Mining is a hard business to make money in and gold mining is the runt of even that pack. It is a tough business and the average lucrative mine is

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This article was written by

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Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of NEM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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