Newmont Mining Hitting Fresh Highs (NEM, FCX, SCCO, RIO)

Shares of Newmont Mining Corp (NYSE:

) are pushing to new intraday highs at the same time shares of its mining counterparts are selling off. Rio Tinto (NYSE:

), Freeport McMoRan (NYSE:

), and Southern Copper have come off of their highs, as a slight selloff in all three names began around 10:30a.m Est. Newmont hasn't followed suit as the stock is showing serious signs of strength; putting in an intraday high of $54.98 within the past ten minutes. It is currently up 1.46% at 54.92; breaking through its 50-day moving average.