Gold price slips and Newmont stock falls after bushfire output warning at Boddington
Newmont shares fell 1.1% to $108.01 after the company warned bushfire damage at its Boddington mine in Western Australia will cut first-quarter output by up to 60,000 ounces. Gold prices dropped, with spot gold down 0.9% to $4,445.32 an ounce. The VanEck Gold Miners ETF lost 1.2%. Repairs at Boddington are expected to finish in February.