Asset Sales And Market PerceptionNewmont agreed to sell its Éléonore operations for $795.0M in cash, reflecting the potential for large-scale value getting assigned to the Éléonore South gold project by other suitors in the future.
Inflation And Economic ConcernsThe revised estimates account for the ongoing inflationary environment, continued investment in safe-haven assets, and recessionary concerns, with precious metals potentially gaining further support if interest rates continue their recent trends.