Aussie Iron Ore Billionaires Go For Gold As The Price Soars [Forbes]
Newmont Corporation (NEM)
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Source: Forbes
well-timed investment in gold, a metal also attracting fellow Australian billionaire Gina Rinehart. Both Forrest and Rinehart, with her estimated net worth of $26.4 billion made their fortunes mining iron ore but as demand for that steel-making material peaks and the price eases they're spreading their portfolios. Andrew Forrest, chairman of Fortescue Metals, at the World Economic Forum in Davos, Switzerland, last week. Photographer: Krisztian Bocsi/Bloomberg ... More © 2026 Bloomberg Finance LP Energy has been an attraction for both though with differences. Forrest prefers his energy served green with investments in wind and solar power as well as a largely failed attempt to master green hydrogen. Rinehart prefers traditional energy with a large and growing exposure to oil and gas as well as highly profitable investments in rare earths in Australia and the U.S. Gold has been added recently, partly because the price has been rising strongly for the past three years but
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News
- Why Newmont Corporation Stock Keeps Falling [Yahoo! Finance]Yahoo! Finance
- Newmont Portfolio Review Weighs Non Core Sales And Valuation Upside [Yahoo! Finance]Yahoo! Finance
- Newmont (NYSE:NEM) had its price target raised by analysts at National Bankshares, Inc. from $120.00 to $140.00. They now have an "outperform" rating on the stock.MarketBeat
- Newmont (NYSE:NEM) had its "outperform" rating reaffirmed by analysts at CIBC.MarketBeat
- Here's How Much a $1000 Investment in Newmont Corporation Made 10 Years Ago Would Be Worth Today [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 10/23/25 - Beat
NEM
Sec Filings
- 1/9/26 - Form 3
- 1/9/26 - Form 3
- 1/9/26 - Form 3
- NEM's page on the SEC website