Newmont Shares Plunge Almost 9% Following CFO’s Departure

Newmont Corp.plunged following the resignation of the company’s chief financial officer.

Shares of the world’s top gold producer fell as much as 8.9% on Tuesday in New York, marking the biggest drop since April.

Karyn Ovelmen

Source: Business Wire

The slump followed Newmont’s post-market announcement Monday that CFO Karyn Ovelmen tendered her resignation last week. The company didn’t disclose the reason for her departure. Chief Legal Officer Peter Wexler will serve as interim CFO until a permanent successor is hired, the company said.

“We are somewhat surprised as she had only been in the role for ~2 years,” wrote Bank of Montreal analyst ...