Newmont Corporation

(New York Stock Exchange)
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Slightly Bullish +25

Live: Newmont Corporation Reports After the Bell

AI-generated analysis

πŸ“ˆ Newmont reported Q4 2025 EPS of $1.71, beating estimates by 27.9% and generating record revenue of $5.524 billion.

πŸ’° The company generated a record $1.6 billion in free cash flow for the quarter, extending a streak of four consecutive quarters with over $1 billion in FCF.

πŸ“‰ Production guidance for 2026 is set at 5.3 million ounces, a 10% decline from 2025's 5.9 million ounces due to bushfire damage and project sequencing.

πŸ’Έ All-in sustaining costs (AISC) are projected to rise to $1,680 per ounce in 2026, up from $1,358 in 2025, driven by higher taxes in Ghana and operational headwinds.

πŸ”₯ The Boddington mine suffered bushfire damage impacting Q1 production by approximately 60,000 ounces of gold.

πŸ’° Newmont recorded a $779 million impairment charge related to the Yanacocha Sulfides project.

πŸ’΅ Management reaffirmed a commitment to $1.1 billion in annual dividends and maintains $2.4 billion in remaining buyback authorization.

πŸ“Š Shares traded up roughly 0.8% after hours despite the earnings beat, as much of the upside was already priced in following a 39.76% stock surge since Q3.

🏦 Newmont is trading near its 52-week high of $134.88 at a valuation of 19x trailing earnings.

Bullish Signals
  • Newmont delivered a substantial Q4 2025 EPS beat of 27.9%, reporting $1.71 per share against analyst expectations.
  • The company generated record free cash flow of $1.6 billion in Q4, marking the fourth consecutive quarter with over $1 billion in FCF generation.
  • Newmont has established a pattern of outperformance, beating EPS estimates in all four quarters of 2025.
  • The company maintains a strong balance sheet with $2.4 billion in remaining buyback authorization and a committed $1.1 billion annual dividend.
Risk Factors
  • Production guidance for 2026 is lowered to 5.3 million ounces, representing a 10% decline from the record 5.9 million ounces produced in 2025.
  • All-in sustaining costs (AISC) are projected to jump to $1,680 per ounce in 2026, up significantly from $1,358 in 2025.
  • Bushfire damage at the Boddington mine is impacting Q1 production by roughly 60,000 ounces of gold.
  • Ghana's new tax regime following the expiration of its stability agreement adds near-term cost pressure to operations.
  • The company recorded a $779 million impairment charge related to the Yanacocha Sulfides project.
Full Analysis
Newmont Corporation (NEM) reported Q4 fiscal year 2025 earnings that significantly beat Wall Street estimates, with EPS rising 27.9% to $1.71 and revenue reaching $5.524 billion. The company achieved a record $1.6 billion in free cash flow for the quarter, marking the fourth consecutive quarter of over $1 billion in FCF generation. Despite this strong performance, shares traded relatively flat after hours, rising only about 0.8% to approximately $125.75, as much of the upside from gold's surge was already priced into the stock. Looking ahead to 2026, Newmont provided guidance for production of 5.3 million ounces, representing a 10% decline from the 5.9 million ounces produced in 2025. All-in sustaining costs (AISC) are projected to increase to $1,680 per ounce from $1,358 in 2025. Management attributes these headwinds to bushfire damage at the Boddington mine, which impacted Q1 production by roughly 60,000 ounces, and a new tax regime in Ghana following the expiration of its stability agreement. The company also recorded a $779 million impairment charge related to Yanacocha Sulfides. To offset these challenges, Newmont committed to maintaining an annual dividend of $1.1 billion and retains $2.4 billion in buyback authorization. Analysts are closely watching whether the company can sustain its momentum from 2025 despite the projected decline in volume and rising costs, with Wall Street expecting a massive jump in sales and earnings for 2026 based on higher gold prices.