Gotta love markets.
“Gosh, the gold price has been resilient, let’s check in on Newmont, the world’s largest gold producer”.
The NEM result, coming shortly, is likely to be very messy. The Newcrest integration will wash through the financials, and, from looking at all the other gold miner quarterlies, cost growth and production misses have dominated; that means eating/digesting/integrating Newcrest is likely to have been all the harder, given the number of moving parts.
Even a bad result would likely to be taken well by the market, given this backdrop.
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