Gold price slips and Newmont stock falls after bushfire output warning at Boddington
Newmont shares slipped on Wednesday after the gold miner said bushfire damage to water-supply infrastructure at its Boddington operation in Western Australia will trim first-quarter output. The stock closed down 1.1% at $108.01 in New York, after trading as low as $104.56. Newmont said the fire was contained on Dec. 28 but remains active, and it expects the plant to run at 50%-60% of normal rates until repairs are complete in February, putting about 60,000 ounces at risk in the quarter. Newmont Corporation
