Episode Details

Gold giant Newmont’s production took a seismic hit after two earthquakes disrupted operations at its Cadia mine in NSW, slashing output from 94,000 to just 34,000 ounces in Q2 — a setback compounded by a prior quake that shut down underground work for five weeks. Yet, despite the chaos, the company’s finances are soaring, with first-half net income hitting nearly $8 billion, fueled by gold’s 40% price surge. Investors are flocking to gold as a safe haven amid inflation and market turbulence, even as Newmont braces for rising costs — oil prices have jumped back over $100 a barrel, threatening profits through Q3.

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