Fellow gold mining majors Barrick Gold and Goldcorp were both 1.4% higher on Tuesday.
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Barrick Gold reported a first quarter profit that were just in line with expectations.
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Newmont competes with other international gold producers like Barrick Gold, AngloGold Ashanti Ltd. and Goldcorp.
Other possibilities: shares of gold miners, like Newmont Mining, Goldcorp and Barrick Gold.
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Gilmour and Munk plowed their winnings into a mine in northern Ontario that became Barrick Gold.
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But investors should still focus on the top-quality operators like Newmont Mining (NYSE:NEM) and Barrick Gold (NYSE:ABX).
Barrick Gold, a Canadian firm, came close to being picked by the Indonesian government as a partner.
Barrick Gold, GoldCorp, and Freeport McMoran are among some of the underperformers within the mining group.
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Metals producers like Silver Wheaton, Newmont Mning and Barrick Gold sold off hard on Wednesday, too.
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In a per share basis, Barrick Gold posted earnings of 95 cents, compared with consensus forecasts of 84 cents.
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Goldcorp was down more than 8%, while Newmont Mining slid 7% and Barrick Gold tumbled almost 5%.
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Barrick Gold Corp. shares are currently trading off about 5% on the day.
Barrick Gold Corporation, the largest gold producer in the world, reported its Q4 2012 and annual results last week.
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The top holdings of the Market Vectors Gold Miners ETF is Barrick Gold ( ABX) and Goldcorp ( GG).
The report also cited the strong quarterly dividend history at Barrick Gold Corp.
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Top holdings include Barrick Gold (NYSE: ABX), Goldcorp (NYSE: GG), Newmont Mining (NYSE: NEM) and AngoloGold Ashanti (NYSE: AU).
As gold has gone on an incredible bull run, so has Barrick Gold.
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Freeport competes with Southern Copper, Codelco, Barrick Gold and Newmont Mining.
In addition to his roles at HSBC and Barrick Gold, Mr. Thornton is a director at Ford Motor Co.
Other competitors in the basic materials sector include: Barrick Gold (ABX), Freeport Copper (FCX), and Vista Gold Corp. (VGZ).
Similar aggressive selling was seen in silver and gold ETF GDX as well as miner majors Barrick Gold and Newmont Mining.
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Barrick Gold has been the worst performer out of the gold miners this year, all of which have taken a beating.
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Barrick Gold also produced 82 million pounds of copper, a drop from the 98 million pounds produced in the fourth quarter of 2009.
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Bullion has performed substantially better than gold equities, with major miners like GoldCorp, Newmont Mines, and Barrick Gold down between 15% and 24%.
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These include royalties on the Goldstrike and Leeville mines, two of the state's biggest, operated by giants Barrick Gold and Newmont Mining, respectively.
Another top performer is miner Barrick Gold ( ABX), which grew earnings 59% in the most recent quarter, on sales growth of 34%.
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Shares in Freeport McMoran are down more than 23% over the past 12-months, trailing the fall in major gold miners like Barrick Gold.
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Basically, if you want to play gold stocks, there are many good companies to choose from like Newmont Mining (NYSE:NEM) or Barrick Gold (NYSE:ABX).
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