Newmont Partners MKS PAMP to Offer Traceable Gold Bar to Consumers
Newmont Corporation NEM and MKS PAMP have partnered to provide consumers with a traceable gold bar made only from Newmont-mined gold, refined and minted by MKS PAMP in Switzerland, powered by Provenance. The mine-to-market traceable PAMP 1oz Lady of Liberty gold bar is offered at the largest wholesaler in the United States, giving gold ownership a more accessible choice for wealth creation.
The potential for Newmont gold to be available directly to consumers demonstrates the company's dedication to promoting gold as a valuable commodity worth pursuing and owning. Newmont's dedication to sustainable mining techniques and sourcing transparency makes it possible for consumers to buy gold while shopping for household items.
The traceable 1oz Lady of Liberty gold bar uses the established Provenance solution to provide consumers with greater assurance about the origin of their gold. MKS PAMP pioneered the solution, which has been independently verified and approved, ensuring perfect gold segregation throughout the refining and minting processes, as well as transparency and full traceability.
The Newmont and MKS PAMP teams collaborated to deliver this traceable gold bar to consumers to honor their long-standing collaboration. The PAMP 1oz Lady of Liberty gold bar is sealed in secure CertiPAMP packaging, which serves as a certificate of authenticity and quality perfection.
Newmont and MKS PAMP's decade-long collaboration has resulted in the debut of their first co-branded traceable gold bar, which is based on their shared values and sustainability commitments.
Shares of Newmont have gained 39.1% over the past year compared with a 39.4% rise of its industry.
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NEM's Rank & Key Picks
NEM currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, IAMGOLD Corporation IAG and Centrus Energy Corp. LEU.
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 140.4% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for IAG’s current-year earnings is pegged at 51 cents, indicating a year-over-year rise of 466.7%. The Zacks Consensus Estimate for IAG's current-year earnings has been going up in the past 30 days. IAG, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 200%. The company's shares have rallied roughly 114.8% in the past year.
The Zacks Consensus Estimate for Centrus’ current-year earnings is pegged at $3.06 per share. LEU, a Zacks Rank #1 stock, beat the consensus estimate in three of the last four quarters while missed once, with the average earnings surprise being 107.1%. LEU has rallied around 16% in the past year.
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