Newmont Corp. (NYSE:NEM), the world’s largest gold miner, saw its share price spike 13% on Thursday after the Denver-based company posted stronger-than-expected earnings. This ignited a broad-based rally in the gold mining industry, despite the overall weak investor sentiment elsewhere. Newmont is currently on track to achieve its best-performing session since April 2020, when the mining giant rallied following a major volatility event due to the Covid-19 pandemic. Chart: Newmont Eyes Top-Performing Session Since April 2020 Newmont Sharply Beats Estimates, Declares First Quarter Dividend Newmont reported earnings per share (EPS) of $0.55 in Q1 2024, marking a 38% increase from the corresponding quarter of the previous year and surpassing Street’s consensus estimates of $0.36 by a significant 54%, according to Benzinga Pro platform. ...