Saturday, April 27, 2024

Newmont Smashes It out of the Park

 
Katusa Research
 
Did you miss out on 37% in just under 2 months?

Sometimes things just break your way. And set the tone for a LOT more to come.

Case in point if you missed it…

On March 1st our team sent out this post from KR analysts on Twitter. It was viewed by over 55,000 people:
With gold prices breaking out to all-time highs,

We’ve been beating the drum that some gold producers and mid-tiers would start printing eye-catching revenue numbers and cash flows.

And these numbers are JUST STARTING to trickle in.
  • Less than 8 weeks after the post, Newmont just released staggering numbers. Sending shares soaring.
Newmont published 1.68 million ounces of gold production generating $776M in cash flow.

And their All-In-Sustaining-Cost was down quarter over quarter…

All while paying out $288M to shareholders.
Congrats to those who our Twitter post on March 1 highlighting it at 0.9x NAV / 6x CF. That’s +37% since the post.

In a gold bull market, it’s the majors that move first. Followed by the mid-tiers and then the small caps.

Welcome to the end of the first inning.

Things are going to get a LOT crazier for the rest of the year.

And on Wednesday, May 1st, I’m releasing a fully updated gold and gold stock report to subscribers of my premium newsletter -  Katusa’s Resource Opportunities.

Until tomorrow night, you can get an exclusive offer and join thousands of resource investors excited about the gold breakout...

This is a report you do not want to miss.

Regards,

Marin Katusa
Chairman, Katusa Research

P.S. If you don't follow us on Twitter (now called "X"), what are you waiting for?

You can follow @katusaresearch or @MarinKatusa with breaking updates and thoughts.

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