NEM Stock Price and Chart — ASX:NEM

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UBS upgraded Newmont Corp. (NEM), raising its price target by 17% to $105, highlighting improved positioning after overcoming past challenges and production issues, while keeping a Buy rating.

Newmont Corp. is actively negotiating with the governments of Ghana and Ivory Coast to resist recent tax hikes, which the company claims violate existing license agreements.

Inflection Resources will acquire two copper-gold projects from Newmont Corp.: Tennant East in the Northern Territory and Bell River in New South Wales, for 1.25 million shares and cash payments.

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About Newmont Corporation

Newmont Corp. engages in the exploration and acquisition of gold properties, containing copper, silver, lead, zinc or other metals. It operates through the following geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and U.S. The company was founded by William Boyce Thompson on May 2, 1921 and is headquartered in Denver, CO.