Newmont Goldcorp Corp is trading 5.1% down today at $93.53 following a sharp pullback in gold prices and a broader risk-off move across mining shares.
- Higher U.S. Treasury yields and a stronger dollar are exerting downward pressure on gold, weighing heavily on the mining sector.
- Sector data shows the company is underperforming other mineral resource stocks as macro-driven weakness in non-yielding assets outweighs recent fundamental positives.