Newmont Mining's stock price rose more than 7% after announcing a $3 billion share buyback plan.

On Friday morning Eastern Time, the stock price of Newmont Mining Corporation rose by over 7% after the company announced a $3 billion stock buyback plan, with funds coming from recent asset divestitures. Newmont Mining Company had a strong second-quarter production performance, with gold production reaching 1.5 million ounces and copper production at 36,000 tons. Newmont also responded to the safety incident at the Red Chris mine, emphasizing its commitment to safety and operational stability.