NEM is the largest gold miner in the world and the 3rd largest mining company in the US, with a market cap of $US47bn. This is an excellent example of how operational execution, or lack thereof trumps the trend of the underlying commodity. We have covered NEM a few times over recent months, each time arriving at the same conclusion: We like the gold sector but have no interest in NEM.
- We continue to see no reason to consider NEM as it fails to deliver operationally.
MM prefers NST over NEM
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Newmont Corp (NEM US) v Northern Star Resources (NST)
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Newmont Corp (NEM US) v Northern Star Resources (NST)
