Newmont Mining (NEM)

Barrick saw attributable adjusted EBITDA and earnings rise in the second quarter.

Gold prices increased with a little help from Treasury Secretary Scott Bessent.

Barrick Mining's shares are down about 20% from their 52-week high.

Newmont (NYSE:NEM) has outperformed the market over the past 5 years by 3.18% on an annualized basis producing an average annual return of 14.89%. Currently, Newmont has a market capitalization of $124.05 billion.

Newmont (NYSE:NEM) said it remains on track to meet its full-year 2026 guidance after reporting a stronger-than-expected second quarter, supported by stable operations, higher realized gold prices and disciplined cost control across its global mining portfolio. President and CEO Natascha Viljoen sa

Long-term gold bulls need to be patient as there's probably still a lot of speculative money in the trade.