Josh Brown Adds Newmont Mining to 'Best Stocks' List Amid Gold Rally

Newmont Mining Joins 'Best Stocks' List

• 💡 Newmont Mining has been added to Josh Brown's list of top stock picks this week.
• 📌 This addition comes as gold prices have surged to record highs.

Favorable Gold Market Conditions

• 📈 Gold has surged 24% year-to-date, reaching approximately $3,300 per ounce.
• 💰 This price level is nearly double Newmont's average all-in sustaining cost of production, which is around $1,600 per ounce.
• ✨ This creates the most favorable situation for Newmont in a long time, with a significant profit margin.

Investment Opportunity in Gold Mining

• 🚀 For those who missed the initial gold rally, Newmont, as the largest publicly traded gold miner, presents a potential way to play catch-up.
• 📊 The company's earnings outlook is expected to improve due to the substantially higher gold price compared to its production costs.