The Latest Breaking News from Newmont

The local share market rose on Monday despite two big banks dropping sharply as they traded without rights to their latest dividend payments. NAB tips at least one more interest rate rise. Here's how it unfolded on the ABC markets blog.

Gold mining ETF GDX is Stock Of The Day. If past is precedent, the debt-ceiling battle may spark a breakout.

Gold prices have traded above $2,000 an ounce in recent sessions, nearing a record high. Gold miners could benefit.

The world's largest gold producer, Newmont, seeks to strengthen its position with its bid for smaller Aussie rival Newcrest. Gold stocks were mixed.

Stock futures higher with inflation data, earnings in focus; Newmont sweetens bid for Australian gold miner Newcrest; Warren Buffett boosts exposure to Japan's major trading houses; Pharma, biotech firms call for reversal of mifepristone suspension and Bitcoin tops $30,000 for the first time in 10 months.

Newmont's all-scrip bid for Newcrest now values the Melbourne-based goldminer at $32 billion, not including its debt.

If a $24.4 billion takeover bid for the country's biggest producer is successful, foreign ownership of Australia's gold mining industry would rise above 50 per cent, according to an analyst.

Newmont earnings missed forecasts amid higher costs. NEM stock slipped after the gold mining giant also slashed its quarterly dividend.

Gold miner Newcrest has rejected a takeover bid from US giant Newmont, instead rewarding shareholders with a massive dividend.

Mergers and acquisitions are off to a hot start in February as major gold miners and public storage REITs propose $28 billion in deals.

The Dow Jones dropped 175 points Monday, as Tesla stock rallied after CEO Elon Musk's not-liable verdict and his comments on Twitter.