Newmont Corporation to Delist from Toronto Stock Exchange, Maintains NYSE Presence

Newmont Corporation (NEM), the U.S.-based Gold mining giant, will voluntarily delist from the Toronto Stock Exchange (TSX) effective September 24. The decision stems from low trading volume on the TSX, with the company aiming to streamline operations and reduce administrative costs. Shareholders will retain access to NEM shares via its primary listing on the New York Stock Exchange and secondary listings in Australia and Papua New Guinea.

The MOVE follows a 100% year-to-date surge in NEM stock, buoyed by record gold prices. RBC Capital Markets reinforced the bullish sentiment by upgrading NEM to Buy with a raised price target, triggering a 3% single-day bounce. This strategic consolidation of listings reflects broader trends of resource companies optimizing exchange exposure amid volatile commodity markets.