NEM is trading 5.9% down today at $109.48 as broader risk-off sentiment following the Trump–Xi summit weighs on the market.
- The sharp pre-market drop extends recent weakness for the stock, which has fallen from levels above $120.
- No material company-specific news was reported this morning; the decline tracks major U.S. indices, which are all down more than 0.8%.
- Earlier pre-market activity saw Newmont sliding in tandem with the wider market volatility.