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Actionable news in NEM: NEWMONT MINING Corp,

Newmont Mining (NEM) Stock Up as Gold Prices Gain

NEW YORK (TheStreet) -- Shares of Newmont Mining (NEM - Get Report) are higher by 1.05% to $28.04 in early afternoon trading on Thursday, as the rally in gold prices drives some mining and metal stocks into the green.

Gold for June delivery is advancing by 1.41% to $1,241 per ounce on the COMEX this afternoon.

The price of the precious metal is climbing as safe haven demand rises following the outcome of the EU referendum in the Netherlands and a weaker dollar, the Wall Street journal reports. Minutes from the latest Fed meeting are also helping bolster gold prices as the central bank will exercise caution in regards to future rate hikes.

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