Newmont Corporation

NEM remains in a Stage 4 decline under an active Lower Highs & Lower Lows pattern, confirming persistent supply dominance and a bearish medium-term bias. Short-term price is trading in a support range below declining EMAs without clear sell triggers, suggesting deferred selling until price retests the overhead EMA cluster. Trimming into resistance aligns with momentum strategy for downtrend continuation while respecting broader structural context.

• ↑Q1 free cash flow reached a record $3.1B, exceeding guidance
• ↑$6B buyback authorized, backed by $8.8B in cash reserves
• ↓High leverage risk persists despite $372M debt paydown