Across 3 scored articles from Oct 16 to Nov 14, 2026 (UTC),
the average sentiment of Newmont news is Slightly Bullish (+25)
on a scale from −100 to +100.
That is down 5 points from the previous 30 days (+30).
📈 Newmont expects gold production growth returning in 2027 as Tanami Expansion 2 advances.
💰 Development capital projected to rise $500M in 2027, partially offset by Yanacocha spending cuts.
Somewhat Bullish +45
Newmont stock faces higher 2027 spending as growth projects advance
AI-generated analysis
Key insights
📈 Newmont expects attributable gold production to return to growth in 2027 as Tanami Expansion 2 and Red Chris advance.
💰 Development capital is projected to increase by approximately $500 million US dollars in 2027 compared to 2026.
🏗️ Tanami Expansion 2 shaft construction was completed in Q3, with commercial production expected by the end of H1 2027.
⛏️ Red Chris feasibility study is nearing completion with a full-funds investment decision anticipated in early 2027.
📉 Spending on Yanacocha water-treatment plants is expected to decline by about $200 million US dollars, offsetting some of the capital increase.
🌍 Newmont owns a 70 percent stake in the Red Chris joint venture located in British Columbia.
💵 The Red Chris project requires an estimated $4.2 billion to $4.8 billion US dollars on a 100 percent basis, net of government contributions.
📅 Commercial production at Red Chris is targeted for 2033 following construction starting in 2027.
🥇 The Red Chris mine is designed to produce 3.0 million ounces of gold and over 850 thousand tonnes of copper.
📉 Sustaining capital spending is expected to remain broadly in line with 2026 levels.
📈 Bullish signals
📈Newmont expects attributable gold production to return to growth in 2027, driven by the advancement of its Tanami and Red Chris projects.
🏗️Tanami Expansion 2 is expected to reach commercial production toward the end of the first half of 2027, earlier than previously anticipated after completing shaft construction in Q3.
📈The company anticipates a low-to-mid single-digit percentage increase in attributable gold production compared with 2026 from its expansion projects.
🥇Red Chris is designed to produce 3.0 million ounces of gold and more than 850 thousand tonnes of copper over its initial 13-year cave life.
📉 Risk factors
💰Development capital is expected to rise by approximately $500 million US dollars in 2027 as Red Chris and Lihir advance, creating a more capital-intensive phase.
📉The spending plan raises the importance of execution and metal prices for the portfolio given the increased development investment requirements.
Article
Newmont Corporation is entering a more capital-intensive phase in 2027 as its major growth projects, specifically Tanami Expansion 2 and the Red Chris Block Cave project, advance toward key milestones. The company anticipates that attributable gold production will return to growth next year, driven by these strategic developments despite an overall increase in development capital requirements.
Development capital is expected to rise by approximately $500 million US dollars in 2027 compared to 2026 to fund construction at the Lihir Nearshore Barrier and Red Chris. This increase is partially offset by a projected decline of about $200 million in spending on Yanacocha water-treatment plants. The company maintains that sustaining capital will remain broadly in line with 2026 levels, directing investment toward projects intended to support longer-term production growth.
Tanami Expansion 2 in Australia is expected to reach commercial production by the end of the first half of 2027, earlier than previously anticipated, following the completion of shaft construction in the third quarter. This project is projected to increase attributable gold production by a low-to-mid single-digit percentage compared with 2026. Meanwhile, the Red Chris feasibility study is nearing completion, with a full-funds investment decision expected in early 2027 subject to governance approval.
The Red Chris project, in which Newmont owns a 70 percent stake, is estimated to require $4.2 billion to $4.8 billion US dollars on a 100 percent basis, net of an anticipated $500 million Canadian dollar contribution from the government. The mine is designed to produce 3.0 million ounces of gold and more than 850 thousand tonnes of copper over its initial 13-year life, with commercial production targeted for 2033.
Sector and industry come from company profile data. Sentiment is the AI score of the news articles on this page, averaged per day. Not investment advice.
Newmont Corporation director Rene Medori received a stock award consisting of 1,645 shares of common stock on May 13, 2026. This grant was executed at $0.00 per share under the company's 2020 Stock Incentive Compensation Plan and is directly linked to Medori's re-election to the Newmont Board of Directors.
Following this transaction, Rene Medori holds a total of 29,644 shares of Newmont common stock in direct ownership. The filing, submitted as a Form 4 with the SEC, clarifies that this acquisition is a routine compensation-related equity grant rather than an open-market purchase or sale by the insider.
The transaction details are part of the official Statement of Changes in Beneficial Ownership filed pursuant to Section 16(a) of the Securities Exchange Act of 1934. The filing confirms Medori's status as a director and outlines the specific terms of the award, including the security title and par value.
📅 Rene Medori received stock award on May 13, 2026.
💰 Grant included 1,645 shares at $0.00 per share.
📈 Total direct ownership now stands at 29,644 shares.
📝 SEC Form 4 filed for beneficial ownership changes.
🏢 Award issued under Newmont director compensation protocols.
📅 Rene Medori received a stock award on May 13, 2026, linked to his re-election to the Newmont Board of Directors.
💰 The grant consisted of 1,645 shares of Newmont common stock awarded at $0.00 per share under the 2020 Stock Incentive Compensation Plan.
📈 Total direct ownership for Rene Medori stands at 29,644 shares following this transaction.
📝 The filing is a Form 4 submitted to the SEC detailing changes in beneficial ownership by an insider.
🏢 Newmont Corporation (NYSE: NEM) issued the award as part of standard director compensation protocols.
Bullish Signals
Director re-elected and awarded stock showing board confidence.
Equity compensation aligns director interests with shareholder value.
Holds significant direct stake of 29,644 shares.
Bullish Signals
Director Rene Medori's re-election and subsequent stock award indicate continued confidence from the board in his leadership role.
The receipt of equity compensation aligns the director's interests with long-term shareholder value creation.
Medori now holds a significant direct stake of 29,644 shares, demonstrating substantial skin in the game.
Zacks Investment Research reports that both Roku (ROKU) and Newmont (NEM) recently achieved record levels of free cash flow, signaling strong financial stability and providing investors with opportunities to invest in companies capable of weathering economic downturns. For Roku, the company posted a double beat against analyst consensus expectations, with earnings per share exceeding estimates by more than 65% and sales surprising by 3.8%. Gross profit for Roku climbed 27% year-over-year to $565 million, while free cash flow on a trailing twelve-month basis reached a new record of $538.8 million. The company's platform revenue grew 28% year-over-year driven by advertising and subscription results, with total streaming hours increasing 8% to over 100 million households using Roku devices monthly. Additionally, Roku's EPS outlook for the current and next fiscal years has improved with upward revisions following the release.
Newmont similarly reported record performance driven by a favorable backdrop including a rise in gold prices, which averaged $4,900 per ounce during the reported period compared to $2,944 per ounce in the same period last year. This increase resulted in free cash flow of $3.1 billion, an all-time record for the mining giant. The company's enhanced cash-generating abilities have enabled it to expand its current share repurchase program. Newmont's EPS outlook for the current and next fiscal years is described as very bullish with soaring expectations. Zacks also notes that analysts expect these strong cash flows to allow companies to pay down debt, pursue growth opportunities, and maintain dividend payments.
The article concludes with a promotional section from Senior Stock Strategist Kevin Cook regarding quantum computing stocks in his report titled "Beyond AI: The Quantum Leap in Computing Power," suggesting that large hyperscalers like Microsoft, Google, Amazon, Oracle, Meta, and Tesla are integrating this technology into their infrastructure. However, the core financial news focuses on the record cash flow achievements of Roku and Newmont, which offer investors benefits such as increased flexibility and potential for buybacks or dividend payments in a historic bull market environment.
📈 Roku sets record FCF of $538.8M with 27% gross profit growth.
🎯 Roku EPS beat estimates by 65% while platform revenue rose 28%.
🥇 Newmont hits all-time FCF of $3.1B driven by high gold prices.
💹 Both companies raise analyst EPS forecasts following strong operational results.
📺 Roku reaches 100M global households using its operating system monthly.
📈 Roku reported record trailing twelve-month free cash flow of $538.8 million, surpassing company highs.
🎯 Roku beat earnings per share estimates by over 65% and exceeded sales expectations by 3.8%.
📶 Platform revenue grew 28% annually, driven by gains in both Advertising and Subscription segments.
📺 Over 100 million households now use a Roku TV operating system device monthly globally.
🥇 Newmont posted an all-time record free cash flow of $3.1 billion for the reported period.
💹 Newmont's financial strength is largely driven by gold prices averaging $4,900 per ounce during the quarter.
🔄 Newmont increased its share repurchase program following these strong operational results.
🚀 Analysts have revised EPS outlooks upward for both Roku and Newmont across current and next fiscal years.
⚠️ The article notes that Zacks Investment Research content may contain paid endorsements or syndicated material.
Bullish Signals
Newmont cash flow hits record $3.1B amid $4,900/oz gold.
NEM boosts share buybacks to support positive shareholder impact.
Newmont EPS outlook remains very bullish for current and next year.
Roku beats earnings estimates by exceeding analyst EPS projections 65%.
Roku trailing free cash flow reaches record $538.8 million.
Roku platform revenue surges 28% across Advertising and Subscription segments.
Roku now powers devices for over 100 million households monthly.
Risk Factors
Lacks independent editorial oversight on third-party claims.
Ignores quantum computing execution risks and competition.
Overlooks gold volatility and geopolitical downside risks.
Undisclosed compensation creates potential conflict of interest.
Bullish Signals
Newmont (NEM) posted record free cash flow of $3.1 billion, an all-time high driven by average gold prices reaching $4,900 per oz.
The strong cash generation from NEM is being utilized to increase its current share repurchase program for positive shareholder impact.
NEM's EPS outlook for both the current and next fiscal years is described as very bullish with soaring expectations.
Roku beat earnings estimates significantly, exceeding analyst EPS projections by more than 65% and sales expectations by 3.8%.
Roku generated a record trailing twelve-month free cash flow of $538.8 million, highlighting strong financial stability.
Roku's platform revenue grew 28% year-over-year, driven by strength in both Advertising and Subscription segments.
Roku now powers devices for more than 100 million households worldwide on a monthly basis, indicating expanding market presence.
Risk Factors
The article explicitly states that The Globe and Mail has not reviewed the press releases or other third-party materials contained within, meaning there is a lack of independent editorial oversight regarding the claims made by Zacks Investment Research.
The promotion of quantum computing as 'the next big thing' relies on speculative technology narratives without providing specific negative context regarding potential execution risks, adoption hurdles, or competition mentioned in the text.
While highlighting favorable gold prices for Newmont ($4,900/oz vs $2,944 last year), the article attributes this entirely to a 'favorable backdrop' rather than addressing potential downside risks from geopolitical instability, currency fluctuations, or future price volatility that could reverse these gains.
The content includes undisclosed compensation arrangements and syndication disclosures, introducing a conflict of interest where the financial advice may be influenced by payment for placement rather than pure analytical merit.
The article highlights a resurgence in Nevada's gold mining sector driven by geopolitical instability, monetary policy shifts, and rising gold prices approaching $4,500/oz. It argues that savvy investors are pivoting from high-risk greenfield exploration to brownfield projects with existing infrastructure and legal certainty. The piece identifies three key companies: Newmont Corp., i-80 Gold Corp., and Lahontan Gold Corp., positioning them as leaders in stability, mid-tier leverage, and ultimate leverage respectively.
Newmont is presented as a stable core investment with record Q1 2026 free cash flow of $3.1 billion and all-in sustaining costs of $1,029/oz, though its large size limits explosive price gains. i-80 Gold is noted for securing over $1 billion in capital and planning a $430 million refurbishment of the Lone Tree processing plant to achieve independence from third-party suppliers, though much of this value may already be priced in.
Lahontan Gold is featured as the primary investment opportunity, focusing on reactivating the Santa Fe Mine with a proven resource of 1.95 million ounces gold equivalent. The company boasts an after-tax NPV of $200 million and projected annual production of 70,000-80,000 ounces starting in 2027. Recent drilling at the West Santa Fe satellite project yielded high-grade results (3.11 g/t AuEq over 36.6m), and the company is fully funded with CAD 13.6 million to advance permitting.
📈 Nevada re-emerged as a global gold hotspot due to geopolitical instability.
💰 Newmont reported record Q1 2026 free cash flow of USD 3.1 billion.
🏗️ i-80 Gold secured over USD 1 billion for Lone Tree plant refurbishment.
⛏️ Lahontan targets Santa Fe Mine reactivation with 1.95 million ounces gold equivalent.
📊 Lahontan projects USD 200 million NPV and 70k-80k oz annual production from 2027.
📈 Nevada has re-emerged as a global gold hotspot due to geopolitical instability and a shift toward real assets.
💰 Newmont reported record Q1 2026 free cash flow of USD 3.1 billion with all-in sustaining costs of USD 1,029/oz.
🏗️ i-80 Gold secured over USD 1 billion in capital and plans a USD 430 million refurbishment of the Lone Tree processing plant.
⛏️ Lahontan Gold targets the reactivation of the Santa Fe Mine with a proven resource of 1.95 million ounces gold equivalent.
📊 Lahontan's feasibility study projects an after-tax NPV of USD 200 million and annual production of 70,000-80,000 ounces starting in 2027.
🔬 Recent drilling at West Santa Fe found 3.11 g/t gold equivalent over 36.6 meters directly from surface.
⚗️ Lahontan's mineralization is flat-lying and oxidized, ideal for an efficient heap-leaching process with 81% cyanide-gold recovery.
💵 Lahontan successfully completed a financing round of CAD 13.6 million to fund rapid permitting.
Bullish Signals
Newmont shows infrastructure stability as a key success factor.
i-80 Gold has a clear production pipeline and secured capital.
Lahontan uses historical data to minimize geological risk at Santa Fe.
Santa Fe holds 1.95M oz gold equivalent for solid production.
West Santa Fe drill results show 3.11 g/t AuEq from surface.
This press release from Zacks Investment Research, dated May 5, 2026, highlights record-breaking Q1 earnings results for three specific companies: Newmont Corporation (NEM), Quanta Services (PWR), and Ametek (AME). Each company reported quarterly records that significantly exceeded market expectations, with the article noting a strong bullish sentiment driving stock surges in the post-earnings period.
Quanta Services led the report with robust growth, reporting adjusted earnings per share (EPS) of $2.68, which represented a 50% year-over-year increase and a 31.4% beat against consensus estimates. The company's sales reached $7.9 billion, reflecting a 26.3% YoY climb, while its project backlog hit a record high of $48.5 billion. Following these results, Quanta Services raised its guidance across multiple metrics, leading to bullish EPS revisions for both the current and next fiscal years.
Ametek also delivered strong performance with sales of $1.9 billion growing 11% year-over-year and adjusted EPS of $1.97 rising 13%. The company reported record EBITDA, record orders up 23%, and a record backlog. Consequently, Ametek raised its current-year EPS outlook, causing shares to pop near all-time highs with supportive revisions for the coming fiscal periods.
Newmont benefited significantly from elevated gold prices, which averaged $4,900 per ounce during the quarter compared to $2,944 last year. This favorable backdrop generated a record free cash flow of $3.1 billion, enabling the company to increase its share repurchase program. Newmont received the most bullish outlook among the three, with soaring expectations for current and next fiscal year EPS. The release concludes with standard disclaimers regarding Zacks investment rankings and hypothetical portfolio performance data.
⛏️ Newmont hit record gold-related cash flow amid rising metal prices.
💰 Quanta Services posted record earnings with significant backlog growth.
🏆 Ametek exceeded estimates with strong sales and record EBITDA.
📈 All three stocks received bullish analyst revisions after earnings.
📅 Zacks Investment Ideas highlighted Newmont (NEM), Quanta Services (PWR), and Ametek (AME) for reporting record-breaking Q1 2026 results on May 5, 2026.
💰 Quanta Services posted record quarterly EPS of $2.68 (up 50% YoY) and sales of $7.9 billion (up 26.3% YoY), significantly beating consensus estimates.
📈 Quanta Services reported a record backlog of $48.5 billion and raised guidance across metrics, driving its stock to surge after earnings.
🏆 Ametek delivered strong results with sales growing 11% to $1.9 billion and adjusted EPS rising 13% to $1.97, both exceeding analyst expectations.
📉 Ametek achieved record EBITDA and a record backlog as orders grew 23% year-over-year due to strong market demand.
⛏️ Newmont benefited from a significant rise in gold prices, which averaged $4,900 per ounce during the period compared to $2,944 last year.
💵 Newmont generated a free cash flow of $3.1 billion, an all-time record, enhancing its ability to fund share repurchases.
🚀 Newmont received the most bullish EPS outlook revisions among the three companies for both current and next fiscal years.
📈 Both Quanta Services and Ametek saw bullish EPS revisions for their current and upcoming fiscal years following their strong earnings reports.
🌐 The article promotes Zacks top stock-picking strategies, noting an average annual gain of +7.7% since 2000 compared to the S&P's lower return.
🛰️ Zacks' Research Chief Sheraz Mian highlighted a small-cap satellite-based communications firm as a top pick with potential to double in value.
🔒 The press release includes standard disclaimers regarding investment risks, past performance not guaranteeing future results, and lack of specific financial advice.
Bullish Signals
Quanta Services reported record quarterly results with Adjusted EPS of $2.68 growing 50% YoY.
Quanta Sales climbed 26.3% to $7.9B with a record backlog of $48.5B.
Ametek sales rose 11% YoY to $1.9B while Adjusted EPS grew by 13%.
Ametek achieved record EBITDA and orders up 23% YoY driven by robust demand.
Newmont gold prices averaged $4,900/oz generating a record $3.1B free cash flow.
All three companies maintain bullish EPS outlooks with soaring growth expectations for Newmont.
Risk Factors
Content is unreviewed third-party press releases and paid material.
Data relies on hypothetical projections rather than verified facts.
Past performance does not guarantee future investment results.
No advice given on investment suitability for specific investors.
Regulatory scrutiny risks exist due to promotional content disclosures.
Bullish Signals
Quanta Services reported record-breaking quarterly results with Adjusted EPS of $2.68 growing by a sizable 50% year-over-year.
Quanta Services sales climbed 26.3% year-over-year to $7.9 billion, and its backlog reached a record $48.5 billion to support future momentum.
The company raised guidance across many metrics driven by a favorable demand environment, leading to a significant stock surge near all-time highs.
Ametek reported strong results with sales of $1.9 billion growing 11% year-over-year and adjusted EPS of $1.97 growing by 13%.
Ametek achieved record EBITDA, record orders growing 23% year-over-year, and a record backlog following robust demand.
Newmont benefited significantly from a rise in gold prices, averaging $4,900 per oz compared to $2,944 the prior year.
Newmont generated a free cash flow of $3.1 billion, reflecting an all-time record that enables share repurchase program increases.
EPS outlooks for all three companies remain bullish for their current and next fiscal years, with expectations soaring for Newmont's growth.
Zacks top stock-picking strategies have historically blown away the S&P average gains, with hypothetical portfolios showing annual gains ranging from +48.4% to +56.7%.
Risk Factors
The article explicitly states it has not reviewed or approved the content, noting it contains third-party press releases and paid material from Zacks Investment Research.
All financial performance data and bullish outlooks rely entirely on hypothetical projections provided by a third-party firm rather than verified facts.
The text includes standard investment disclaimers stating that past performance is no guarantee of future results and that inherent in any investment is the potential for loss.
No recommendation or advice is given regarding whether the mentioned investments are suitable for a particular investor.
There is an inherent risk of regulatory scrutiny regarding the promotional nature of the content, which includes compensation disclosures.
The specific stock performance examples cited (like Hims & Hers Health shooting up +209%) represent hypothetical or historical results that may not repeat for other securities.
Awalé Resources, a junior mining company backed by major miners Newmont and Fortuna Mining, announced a new gold discovery at its Odienné project in northwest Côte d’Ivoire on Monday. The news centers on the Fremen target area within the Odienne copper-gold project, which is located approximately 400 kilometers northwest of Yamoussoukro on an under-explored portion of the Birimian greenstone belt.
The discovery was confirmed through specific drill holes during stage three of a broader exploration program totaling 5,210 meters across 126 holes. Hole SSAC-08 intersected 17 meters grading 1.9 grams of gold per tonne from 6 meters depth, including a higher-grade interval of 9 meters at 2.3 grams per tonne. Additionally, hole SSAC-07 returned 12 meters grading 2.1 grams per tonne from 32 meters downhole. Further results include hole SSDD-03 with 17 meters at 1.1 grams per tonne starting at 113 meters depth and SSDD-02 returning 13 meters grading 1 gram per tonne from 78 meters, including a narrower interval of 4 meters at 1.8 grams per tonne.
Company CEO Andrew Chubb stated that these results confirm significant shallow gold mineralization and support the view that the Fremen target is an emerging discovery with potential for expansion along strike and at depth. The assays confirmed gold mineralization over a 1-kilometer zone within a broader 8-kilometer mineralized corridor. Notably, this drilling activity on the Fremen target is part of exploration funded by Newmont, but Awalé owns 100% of the ground specifically for this area, whereas Newmont holds an 8.9% interest in joint venture targets elsewhere in the portfolio such as Charger, BBM, and Empire.
The company's stock in Toronto listed under the ticker ARIC rose 3% to C$0.82 on Monday morning, giving it a market capitalization of C$92.5 million. Looking ahead, Awalé expects to release an initial resource estimate for the Odienné project in the second quarter and a preliminary economic assessment in the third quarter, with a pre-feasibility study anticipated by late 2027.
⛏️ Discovery at Odienné includes holes drilling 17m @ 1.9g/t and 12m @ 2.1g/t gold.
📍 Project spans a 1-km zone with potential expansion along an 8-km corridor.
👔 CEO confirms emerging discovery supported by broad intercepts at significant depth.
💰 Market reacts positively as shares rise to C$0.82 amid exploration progress.
📅 Resource estimates and pre-feasibility studies scheduled for 2024–2027 timelines.
- ⛏️ Awalé Resources announced a new gold discovery at its 100%-owned Odienné project in northwest Côte d'Ivoire.
- 📍 The new zone is located at the Fremen target, approximately 400 km northwest of Yamoussoukro on the Birimian greenstone belt.
- 🔬 Drill hole SSAC-08 intersected 17 meters grading 1.9 grams per tonne gold starting from 6 meters depth.
- 📊 Hole SSAC-07 returned results including 12 meters at 2.1 grams gold and 9 meters at 2.3 grams gold within the interval.
- 💬 CEO Andrew Chubb stated that broad intercepts support Fremen as an emerging gold discovery with expansion potential along strike and depth.
- 🤝 Newmont holds an 8.9% interest and earn-in agreement on part of Odienné, while Fortuna Mining holds a 15% stake in the junior company.
- 📈 Awalé shares rose 3% to C$0.82 on Monday morning with a market capitalization of C$92.5 million.
- 🔍 Additional drill holes SSDD-03 and SSDD-02 confirmed gold mineralization at greater depths of 113 meters and 78 meters respectively.
- 📏 Assays indicate the discovery spans a 1-km zone within a broader 8-km mineralized corridor.
- ⚙️ The drilling is part of a Stage-three program totaling 5,210 meters across 126 holes at the Sienso permit.
- 🗓️ An initial resource estimate for Odienné is expected in the second quarter with a preliminary economic assessment planned for the third quarter.
- 🔮 A pre-feasibility study is anticipated for late 2027 to further evaluate the project's viability.
- 🤝 Under its agreement with Newmont, Awalé manages exploration on joint venture targets like Charger, BBM, and Empire separately from Fremen.
Bullish Signals
New gold zone found at Awalé's Odienné project.
Hole SSAC-08 hit 17m @ 1.9 g/t gold.
Hole SSAC-07 returned 12m @ 2.1 g/t gold.
CEO confirms significant shallow gold mineralization discovered.
Fremen shows expansion potential along strike and depth.
Odienné sits on under-explored Birimian greenstone belt.
Backed by Newmont with 8.9% project interest.
Fortuna Mining holds 15% stake in Awalé.
Awalé shares gained 3% to C$0.82.
Gold zone spans 1km within 8km corridor.
Risk Factors
Resource assessment delayed until Q2; pre-feasibility pushed to late 2027.
Shallow discoveries suggest costly deeper drilling required for full evaluation.
Bullish Signals
Drilling at Awalé Resources' Odienné copper-gold project uncovered a new zone of near-surface gold mineralization at the Fremen target.
Highlight hole SSAC-08 cut 17 metres grading 1.9 grams gold per tonne from 6 metres depth, including 9 metres at 2.3 grams gold.
Hole SSAC-07 returned 12 metres grading 2.1 grams gold from 32 metres downhole, further confirming the deposit's quality.
CEO Andrew Chubb confirmed significant shallow gold mineralization, marking a new discovery on their 100%-owned ground.
The broad intercepts support the view that Fremen is an emerging gold discovery with clear potential for expansion along strike and at depth.
The discovery highlights the prospectivity of Odienné, which sits on a relatively under-explored portion of the Birimian greenstone belt stretching across West Africa.
Awalé is backed by Newmont, which holds an 8.9% interest and an earn-in agreement on part of Odienné.
Fortuna Mining holds a 15% stake in the junior company, indicating strong institutional interest.
Awalé shares gained 3% to C$0.82 apiece on Monday morning in Toronto, reflecting positive market sentiment.
Assays confirmed gold mineralization over a 1-km zone inside a broader 8-km mineralized corridor.
Risk Factors
The initial resource and preliminary economic assessment for the Odienné project are not expected until Q2, pushing the more definitive pre-feasibility study as far out as late 2027.
While Newmont holds an 8.9% interest in Odienné, Fremen—the site of the new discovery—is explicitly outside their joint venture scope, which may limit strategic integration or funding support from that major backer for this specific asset.
The new discoveries remain at relatively shallow depths (6 metres and 32 metres), suggesting that deeper, more expensive drilling will be required to evaluate the full potential of the mineralization.
Newmont Corporation (NEM) continues to trade approximately 20% below its January all-time high as investors navigate a mixed market environment where rising oil prices hover near the $100 threshold and gold prices have recently fallen. Despite these headwinds and a technical setup that shows shares trending lower, the company's fundamental performance remains exceptionally strong. In the first quarter of 2026, NEM reported non-GAAP earnings per share (EPS) of $2.90 and revenue of $7.3 billion, both figures beating analyst estimates. The company also demonstrated robust cash generation with free cash flow reaching $3.1 billion and authorized a new buyback program worth $6 billion.
Analysts maintain a "buy" rating on the stock, citing that the current valuation appears attractive when normalized metrics are considered. Assuming a normalized EPS of $10.50 and applying a 14x price-to-earnings ratio, the intrinsic value is calculated at approximately $147 per share. While this suggests significant upside potential from current levels, the article highlights persistent risks stemming from lower gold prices and higher oil costs which have weighed on recent stock performance. Technically, while shares are declining, they hold support near the $106 price level, and a rising 200-day moving average indicates that primary bullish control may still be intact for the broader trend.
The content was authored by a freelance financial writer who specializes in thematic investing and communicating complex financial data through evidence-based narratives using tools like charts and empirical analysis. The author explicitly disclosed having no stock positions or derivative holdings in NEM or any other mentioned companies, with no plans to initiate such positions within 72 hours. Seeking Alpha further noted that past performance does not guarantee future results and that the views expressed by third-party authors do not necessarily reflect those of the platform itself, as it is not a licensed securities dealer or investment adviser.
📉 Stock is down >20% despite beating Q1 revenue and EPS estimates.
💰 Strong cash flow ($3.1B) supports a new $6B share buyback plan.
⚠️ Risks include lower gold prices, while analysts value shares at $147.
📈 Technical support holds near $106 with underlying bullish momentum rising.
📉 Newmont Corporation (NEM) stock has declined significantly, trading at least 20% below its January all-time high despite positive recent fundamentals.
💰 The company reported strong Q1 results with non-GAAP EPS of $2.90 and total revenue of $7.3 billion, both figures exceeding analyst estimates.
🌍 Free cash flow remains robust at approximately $3.1 billion for the first quarter, highlighting the health of Newmont's balance sheet.
🔄 A new share buyback program totaling $6 billion has been announced to return capital to shareholders.
⚠️ Analysts caution that valuation models remain pressured by potential risks associated with lower gold prices and rising oil costs.
📊 Assuming normalized EPS of $10.50 and a 14x P/E ratio, the calculated intrinsic value for Newmont is estimated at $147 per share.
📈 Technical analysis indicates that shares are holding support near the $106 price level with a rising 200-day moving average suggesting underlying bullish control.
💡 The current trading environment presents a mix where earnings growth contrasts with significant stock price correction following recent gains.
Bullish Signals
Newmont Corporation (NEM) posted record Q1 non-GAAP EPS of $2.90 and revenue of $7.3B, both of which exceeded analyst estimates.
The company generated robust free cash flow of $3.1B in the first quarter, demonstrating strong operational efficiency.
Management announced a new $6B share buyback program, signaling confidence in future prospects and a commitment to returning value to shareholders.
Valuation analysis suggests an intrinsic value of $147 based on normalized EPS of $10.50 and a 14x P/E multiple, presenting an attractive entry point.
The stock is trading approximately 20% below its January high while earnings continue to climb and the balance sheet remains strong.
Risk Factors
The stock trades approximately 20% below its January all-time high, indicating significant recent price weakness despite record quarterly earnings.
Valuation concerns persist with risks explicitly flagged from lower gold prices and higher oil costs, which could negatively impact margins.
Technical setup is described as mixed with shares trending lower, suggesting ongoing selling pressure even though support holds near $106.
Newmont Corporation (NEM), the world's largest gold producer, is being characterized as undervalued despite achieving historic levels of cash generation in early 2026. The company posted robust first-quarter 2026 results, reporting revenue of $7.31 billion, a year-over-year increase of 46%. Alongside this revenue growth, Newmont generated $3.1 billion in free cash flow while maintaining a cash margin of $3,871 per ounce. These financial performances occurred against a backdrop where gold prices averaged $4,900 per ounce and the company's all-in sustaining costs (AISC) stood at $1,029 per ounce. Analysts attribute this strong performance to a structural bull market in gold that is being driven primarily by central bank accumulation rather than traditional demand dynamics.
The valuation narrative suggests Newmont is trading at a discount relative to its fair value, with the stock currently trading below $110 while analysts estimate a fair value of $145 per share. This upside potential is supported by a robust buyback program worth $6 billion and a net cash balance sheet that strengthens the company's financial flexibility. Management has provided guidance indicating stable production of 5.3 million ounces for 2026, alongside conservative cost assumptions. However, analysts note that if high commodity prices persist, there is potential for these guidance estimates to be beaten, further bolstering the investment case in the current macro environment.
The author, a seasoned financial analyst with experience from Fade The Market on Seeking Alpha, emphasizes that while gold has been a reliable asset through various historical crises and cycles, the specific narrative playing out in 2026 is distinct due to central bank behavior. The article concludes by reiterating the stock's buy rating based on the convergence of undervaluation metrics and strong operational performance. The author discloses holding a beneficial long position in NEM shares, either through direct ownership or derivatives, while stating that no compensation was received for writing the analysis apart from Seeking Alpha's standard payment model. Standard disclosures note that past performance does not guarantee future results and that the opinions expressed are those of the individual analyst rather than Seeking Alpha as an institution.
🏆 Newmont leads global gold production with record Q1 2026 revenue of $7.31 billion.
💰 Stock trades undervalued at <$110 against a $145 fair value estimate with strong cash flow.
📈 Management targets stable 2026 output of 5.3M ounces supported by a robust balance sheet.
🏆 Newmont Corporation has established its position as the world's largest gold producer, leveraging a structural bull market driven by central bank accumulation.
💰 The company reported record first-quarter 2026 results with $7.31 billion in revenue, representing a 46% year-over-year increase.
📉 Financial performance highlights include $3.1 billion in free cash flow and a cash margin of $3,871 per ounce produced.
💛 Gold averaged $4,900 per ounce during the period, while All-in Sustaining Costs (AISC) remained at $1,029 per ounce.
📉 The current stock price trades below $110, which analysts identify as undervalued compared to a fair value estimate of $145.
💸 The company supports its valuation with a robust balance sheet featuring over $6 billion in buybacks and a significant net cash position.
🎯 Management provides guidance for stable 2026 production levels targeting approximately 5.3 million ounces of gold.
⚖️ Leadership maintains conservative cost assumptions in their outlook, suggesting potential for positive surprises if commodity prices remain high.
🔍 Historical analysis suggests gold has consistently functioned as a safe-haven asset during financial crises and geopolitical uncertainty.
🧠 The author is a seasoned financial analyst with prior experience at Fade The Market on Seeking Alpha providing market insights.
⚠️ Disclosure indicates the author holds a beneficial long position in Newmont Corporation shares through stock ownership or derivatives.
⚖️ A disclaimer notes that past performance does not guarantee future results and the article expresses independent opinions.
Bullish Signals
Newmont Corporation, the world's largest gold producer, is generating record free cash flow of $3.1B in Q1 2026.
The company achieved a strong cash margin of $3,871/oz while gold averaged $4,900/oz and AISC was $1,029/oz.
Revenue surged to $7.31B, representing a 46% year-over-year increase compared to the same period last year.
Management guides for stable 2026 production of 5.3M oz with conservative cost assumptions that could lead to guidance beats if prices remain high.
The stock is rated a buy and trades below $110, supported by a robust net cash balance sheet and a robust $6B buyback program.
Analysts estimate a fair value of $145, indicating significant upside potential from current trading levels.
Risk Factors
Newmont Corporation (NEM) is trading below its fair value estimate of $145 at a price under $110, suggesting the market has not fully priced in the historic cash generation despite strong metrics.
Management guides for stable production at exactly 5.3M oz for 2026, which contrasts with the narrative of potential guidance beats and may indicate an inability to grow output.
The board of directors of Newmont Mining Corp. has unanimously rejected a hostile, all-stock takeover offer from Barrick Gold Corp. valued at approximately $18 billion, stating the proposal is not in the best interests of shareholders. Instead, Newmont counter-proposed a joint venture limited to Nevada operations where both companies hold extensive assets. Under this alternative plan, Barrick would maintain a 55 percent economic interest while Newmont-Goldcorp would hold 45 percent, allowing both entities to access synergies without the risks and complexities of a full merger.
Newmont Chief Executive Gary Goldberg and President Tom Palmer publicly criticized Barrick's track record and leadership structure during a conference call with financial analysts on March 4, 2019. Goldberg argued that the unsolicited bid was "egocentric" and designed to transfer value from Newmont shareholders to Barrick, noting that Barrick's CEO Mark Bristow would lead the combined firm while former executive chairman John Thornton remained firmly in control. Palmer emphasized that Newmont does not agree with merging into a single business but believed the proposed Nevada joint venture could still deliver the vast majority of synergies identified by Barrick.
The dispute arises while Newmont is simultaneously pursuing its own friendly acquisition of Goldcorp Inc., with shareholders scheduled to vote on that deal on April 4. In anticipation of closing, Newmont significantly revised its savings estimates for the Goldcorp merger, more than tripling its initial expectation of $100 million annually. The updated guidance includes an additional $100 million per year from supply-chain improvements and $165 million from applying Newmont practices to acquired assets, totaling $365 million in annual savings and efficiencies with a value creation potential of over $4.4 billion. Barrick's CEO Mark Bristow responded by calling Newmont's counter-proposal "stale and convoluted," asserting that running Nevada's combined 76 million ounces under a single operator would create significantly more value.
🤝 Both firms countered with a joint venture proposal for Nevada assets.
🏭 Executives debated whether one or two operators run mining operations best.
💰 Newmont advances its Goldcorp merger, expecting $365M in annual savings.
🚫 Newmont's board unanimously rejected Barrick Gold's hostile $18 billion all-stock takeover offer, stating it is not in the best interests of shareholders.
💼 In response to the rejection, Newmont countered with a proposal for a joint venture focused on Nevada operations where both companies have extensive assets.
📊 Under Newmont's joint venture model, Barrick would hold a 55% economic interest while the combined Newmont-Goldcorp entity would hold 45%.
🗣️ Newmont CEO Gary Goldberg criticized Barrick's proposal as "egocentric," arguing it transfers value from Newmont shareholders to Barrick and highlighted concerns about Barrick's past merger track record.
⚠️ Both companies cited different operational philosophies, with Newmont advocating for a joint venture to capture synergies while avoiding the risks of an outright acquisition.
🏭 Barrick CEO Mark Bristow defended his company's stance, arguing that one operator would run Nevada's combined 76 million ounces more efficiently than a joint venture structure.
💰 While the takeover battle unfolded, Newmont simultaneously advanced its friendly acquisition of Vancouver-based Goldcorp Inc., which is scheduled for a shareholder vote on April 4.
📉 Newmont revised its savings estimates for the Goldcorp merger, tripling the initial expectation from $100 million annually to an additional $265 million per year.
🚀 The combined total potential annual savings and efficiencies from the Goldcorp deal are now estimated at $365 million, representing a value creation potential of over $4.4 billion.
Bullish Signals
Newmont is actively acquiring Goldcorp Inc., a Vancouver-based gold miner, signaling strong strategic growth and expansion.
Newmont has issued fresh estimates more than tripling its initial savings expectation for the Goldcorp acquisition to $365 million per annum in total savings and efficiencies.
The company projects a value creation potential of over $4.4 billion from combining with Goldcorp, demonstrating significant upside potential.
Newmont is proposing a joint venture in Nevada with Barrick that would hold both companies' extensive operations, aiming to realize synergies while avoiding the risks of an all-stock hostile takeover.
The combined Nevada operation includes 76 million ounces of resources, representing a substantial asset base for both companies.
Newmont management has restated opposition to a deal structure that would dilute shareholder value, positioning itself to protect and enhance current shareholder interests.
Risk Factors
Newmont's board unanimously rejected an unsolicited $18 billion all-stock takeover offer from Barrick Gold, signaling a significant standoff that may prolong uncertainty for shareholders.
Barrick's CEO Mark Bristow criticized Newmont's joint venture proposal as 'stale and convoluted,' suggesting the company may have misjudged shareholder sentiment regarding full integration versus a split structure.
Newmont Chief Executive Gary Goldberg explicitly accused Barrick's proposal of being 'egocentric' and designed to 'transfer value from Newmont shareholders to Barrick's,' creating a reputational risk for Newmont management.
Goldberg questioned the experience of Barrick's new CEO, Mark Bristow, and noted that Barrick chairman John Thornton remains firmly in control, raising concerns about leadership stability and integration capabilities at Barrick.
While Newmont increased its expected synergy savings from a Goldcorp acquisition to $365 million annually, this comes amidst an ongoing hostile takeover battle that could distract management and increase transaction costs.
The stalemate means Newmont must continue managing both the complex hostile bid defense and a separate merger with Goldcorp scheduled for voting on April 4, increasing operational risk.
Newmont Corporation (NYSE: NEM), the world's largest gold mining company, has been highlighted as a top gold stock pick by Goldman Sachs following its robust first-quarter performance delivered on April 23, 2026. During this period, Newmont produced 1.3 million attributable gold ounces and generated a record $3.1 billion in quarterly free cash flow. The company also reported net income of $3.3 billion with adjusted net income reaching $3.2 billion, or $2.90 per share. To return value to shareholders, Newmont utilized stock buybacks and dividends totaling $2.7 billion in the quarter, further supported by a board-approved additional $6 billion for share repurchases and a quarterly dividend of $0.26 per share payable on June 22, 2026.
Looking ahead, Newmont is positioned to meet its 2026 guidance target of producing 5.3 million attributable gold ounces, while planning to spend approximately $1.1 billion on dividends for the year. The company continues to operate a global portfolio of long-lived, high-quality mines focusing on responsible mining practices and environmental stewardship. Its core business spans the exploration, development, and production of gold, alongside byproduct metals including copper, silver, zinc, and lead.
However, the article's primary focus appears to be promotional content for the financial newsletter Insider Monkey rather than a deep analysis of Newmont's valuation or technicals. While acknowledging the risk and potential of investing in NEM, the text explicitly states that the author believes certain AI stocks hold greater promise for delivering higher returns within a shorter time frame compared to gold miners like Newmont. The article concludes with a call to action to read reports on "cheapest AI stock" opportunities and includes a list of other recent market movers such as Extreme Networks (EXTR), Vita Coco (COCO), Bloom Energy (BE), Rush Street Holdings (RSI), MaxLinear (MXL), and NXP Semiconductors (NXP), noting that Insider Monkey's strategy has achieved +498.7% returns since its inception in May 2014, significantly outpacing benchmark indices through February 18th, 2026.
📈 Q1 delivered record $3.1B free cash flow and 1.3M gold ounces.
💰 Net income hit $3.3B with a $0.26 quarterly dividend approved.
🔄 Board authorized $6B extra buybacks plus $1.1B annual 2026 spending.
📈 Newmont Corporation (NEM) delivered strong Q1 results with 1.3 million attributable gold ounces and a record $3.1 billion in free cash flow.
💰 The company reported net income of $3.3 billion and adjusted net income of $2.90 per share for the first quarter.
🔄 Newmont returned $2.7 billion to shareholders via stock buybacks and dividends during the quarter.
📊 Management reaffirmed 2026 guidance, targeting production of 5.3 million attributable gold ounces.
💵 The board approved an additional $6 billion in share repurchases beyond previous commitments.
💸 A quarterly dividend of $0.26 per share was approved, payable on June 22 to shareholders of record by May 27.
🏭 Plans include spending $1.1 billion on dividends throughout the full year of 2026.
🌍 As the world's largest gold mining company, NEM focuses on exploration and production along with byproduct metals like copper, silver, zinc, and lead.
💡 The article notes Newmont is a top pick from Goldman Sachs alongside a focus on responsible mining practices.
⚠️ A contrasting viewpoint in the text suggests AI stocks may offer higher returns and shorter time frames compared to NEM.
Bullish Signals
Newmont Corporation (NYSE: NEM) delivered record $3.1 billion in quarterly free cash flow during the first quarter.
The company produced 1.3 million attributable gold ounces and achieved net income of $3.3 billion for the first quarter.
Newmont is on track to achieve its ambitious 2026 guidance of 5.3 million attributable gold ounces.
The company returned $2.7 billion to shareholders through stock buybacks and dividends in the first quarter.
Newmont's board approved an additional $6 billion for share repurchases, signaling strong confidence in future cash flows.
The board approved a quarterly dividend of $0.26 per share, payable on June 22 with a record date of May 27.
Risk Factors
Goldman Sachs explicitly states that some AI stocks hold greater promise for delivering higher returns within a shorter time frame compared to Newmont, suggesting NEM is less attractive in the current investment landscape.
The article promotes a report on an AI stock with '10,000% upside potential,' directly positioning NEM as inferior and lacking comparable explosive growth opportunities.
Despite strong quarterly results, the text frames Newmont merely as a 'top gold stock pick' rather than a top overall equity investment, potentially signaling that superior alternatives exist outside the mining sector.
Newmont Corporation (NEM) has experienced a significant one-year rally of approximately 107%, with its share price trading around US$107.61 as of April 30, 2026. Recent performance metrics show a mixed short-term trend, including a 3.8% decline over seven days and a 4.4% gain over the past month, while returns stand at 6.3% year-to-date and 106.9% for the trailing twelve months. The stock also shows strong historical performance with a three-year return of 143.9% and a five-year return of 92.8%, driven by investor interest in gold producers and broader metals and mining sectors.
Valuation analyses suggest the company is undervalued using two primary models. A Discounted Cash Flow (DCF) analysis, utilizing a two-stage free cash flow to equity approach, estimates Newmont's intrinsic value at US$147.31 per share against its current price of US$107.61, indicating it is approximately 27% undervalued based on projected free cash flows rising from $8.1 billion in the last twelve months to $9.7 billion by 2030. Additionally, Newmont's Price-to-Earnings (P/E) ratio of 13.59x is significantly lower than both the broader Metals and Mining industry average of 21.79x and the peer group average of 27.65x. Using a proprietary "Fair Ratio" that adjusts for company-specific characteristics, the fair P/E is calculated at roughly 27.74x, further implying the stock is undervalued.
The article introduces a narrative-based framework to contextualize these numbers, noting that different investment stories yield widely varying fair values. One narrative based on commodity supercycle expectations and Tier 1 assets suggests a fair value of US$51.70, while another focusing on higher revenue growth and margins projects a value near US$177.00. A leading analyst view within the platform calculates a fair value close to the current price, citing updated gold assumptions, production expansion from the Newcrest acquisition, and solid cash generation as positives. However, this view acknowledges risks such as integration challenges, changing asset quality, increased capital expenditures, use of divestments for returns, and potential leadership changes.
📈 NEM shares surged 106% last year to a current price of ~$107.61.
💰 Valuation metrics suggest the stock is significantly undervalued by analysts.
⚠ Key risks include acquisition integration challenges and sustaining capital hikes.
📈 Newmont (NEM) shares have surged over 106% in the last year, with a current price around US$107.61.
📉 Recent short-term performance has been mixed, showing a 3.8% drop over seven days but a 4.4% gain over 30 days.
💰 The stock's total return for the year to date stands at 6.3%, while the three-year and five-year returns are 143.9% and 92.8% respectively.
🏭 Investors are focusing on Newmont as a major gold producer, which has driven sentiment shifts alongside its strong price rally.
📊 Simply Wall St rates Newmont's overall valuation at 5 out of 6, indicating it screens as undervalued across most checks.
📉 A Discounted Cash Flow (DCF) model projects an intrinsic value of US$147.31 per share, suggesting the stock is about 27% undervalued.
💵 The model uses a two-stage free cash flow to equity approach based on twelve-month data of roughly $8.1 billion.
📈 Analyst projections estimate free cash flow will reach $9.7 billion by 2030, with forecasts extending through 2035.
🔢 Newmont currently trades at a price-to-earnings (P/E) ratio of about 13.59x, which is significantly below the industry and peer averages.
📐 The proprietary "Fair Ratio" calculated for Newmont is roughly 27.74x, highlighting that the current P/E suggests undervaluation.
🧠 Simply Wall St introduces a "Narrative" framework to connect different growth stories to specific fair value estimates for the stock.
💡 One narrative views Newmont as fairly priced at around US$51.70 based on commodity supercycle expectations and asset acquisitions.
🚀 Another narrative projects a fair value near US$177.00 by assuming higher revenue growth and profit margins over time.
⚠️ Key risks identified include integration challenges following the Newcrest acquisition and potential changes in asset quality.
💸 Other flagged concerns involve higher sustaining capital expenditures, use of divestments to fund returns, and leadership transitions.
Bullish Signals
Newmont's 1-year total return is 106.9%.
DCF analysis projects Newmont is undervalued by 27.0%.
P/E of 13.59x is below industry average of 21.79x.
Fair Ratio benchmark suggests shares are undervalued at 27.74x.
Some models imply potential upside premium up to 109.5%.
Risk Factors
3.8% decline in last 7 days shows high volatility.
Valuation ranges from $51.70 to $177.00 create price ambiguity.
Near 200% overvaluation under one specific fair value model.
Integration challenges following Newcrest acquisition pose execution risks.
Leadership changes may introduce significant operational uncertainty.
Bullish Signals
Newmont's 1-year total return stands at 106.9%, with 3-year and 5-year returns of 143.9% and 92.8% respectively, indicating strong long-term performance.
The Discounted Cash Flow analysis projects Newmont is undervalued by 27.0%, with an estimated intrinsic value of $147.31 against the current price of around $107.61.
Newmont trades on a P/E of about 13.59x, which is significantly below the broader Metals and Mining industry average of 21.79x and the peer group average of 27.65x.
Simply Wall St calculates a proprietary "Fair Ratio" for Newmont of roughly 27.74x, suggesting the shares are undervalued compared to this tailored benchmark.
Valuation Narratives on the platform show fair values ranging from $89.79 to $177.00, with some models implying a potential premium of up to 109.5% based on higher revenue growth assumptions.
The positive valuation view leverages updated gold price assumptions and a larger production base following the Newcrest acquisition.
Analysts see Newmont as broadly fairly priced while still allowing for significant upside potential according to certain narratives.
Risk Factors
The stock has experienced significant volatility in the short term, with a 3.8% decline over just the past 7 days.
Valuation assessments differ wildly depending on the narrative used; one model suggests a fair value of $51.70, implying the current price is already nearly 200% overvalued relative to that specific scenario.
Key downside risks explicitly flagged include integration challenges following the Newcrest acquisition, changing asset quality, and higher sustaining and development capex requirements.
The article notes potential use of divestments to fund returns rather than for organic growth, which could limit long-term production expansion.
Leadership changes are cited as a specific risk factor that could introduce uncertainty into execution.
Different valuation models within the platform yield vastly different fair values, ranging from $51.70 to $177.00, creating ambiguity about the stock's true intrinsic worth.
Gold prices have experienced significant volatility in early 2026, surging past $5,400 per ounce due to geopolitical tensions before retreating below $4,500 amid a stronger U.S. dollar and hawkish Federal Reserve stance. This market context sets the stage for a comparison between two major mining giants: Newmont (NEM) and Kinross Gold (KGC). Both companies are navigating a landscape of high gold prices but facing headwinds from rising operational costs.
Newmont recently achieved commercial production at its Ahafo North project, adding 315,000 ounces to its output in 2025 with a ramp-up to full capacity expected. The company has successfully divested non-core assets like the Akyem and Porcupine operations, generating $3.6 billion in proceeds to strengthen its balance sheet. Newmont reported record free cash flow of $7.3 billion in 2025 and maintains robust liquidity of $11.6 billion, allowing for significant debt reduction and shareholder returns via dividends and buybacks.
Kinross Gold is focusing on organic growth through three U.S.-based projects—Round Mountain Phase X, Bald Mountain Redbird 2, and Kettle River–Curlew—which are expected to add 3 million ounces of life-of-mine production with a combined IRR of 59%. The company's key assets, Tasiast and Paracatu, continue to drive cash flow, supported by strong liquidity of $3.5 billion. Kinross has repaid $700 million in debt and is targeting to return 40% of its free cash flow to shareholders in 2026.
While both companies face challenges from rising all-in-sustaining costs (AISC), Kinross currently trades at a discount to Newmont with a forward earnings multiple of 10.06X compared to NEM's 10.73X. Analysts project Kinross to see substantial year-over-year growth in sales and EPS for 2026, driven by favorable estimate revisions and its attractive valuation. Consequently, the article concludes that Kinross appears to offer a more favorable investment option at this time due to its higher growth projections and lower valuation relative to Newmont.
📉 Gold prices dropped from $5,600 to below $4,500 in early 2026.
⛏️ Newmont targets 315,000 ounces at Ahafo North with full capacity in 13 years.
💰 Newmont generated $7.3 billion free cash flow and holds $2.1 billion net cash.
🏗️ Kinross advances three U.S. projects adding 3 million ounces with 59% combined IRR.
📉 Kinross trades at a discount with projected 50% EPS growth in 2026.
📈 Gold prices fluctuated significantly in early 2026, moving from record highs near $5,600 to below $4,500 due to macroeconomic factors like a stronger U.S. dollar and Fed policy.
⛏️ Newmont achieved commercial production at the Ahafo North project in October 2025, targeting 315,000 ounces of output this year with a ramp-up to full capacity over a 13-year life.
💰 Newmont generated $3.6 billion from non-core divestitures in 2025 and reported record free cash flow of $7.3 billion, ending the year with $2.1 billion in net cash.
🏗️ Kinross is advancing three U.S. growth projects (Round Mountain Phase X, Bald Mountain Redbird 2, Kettle River–Curlew) expected to contribute 3 million ounces and a combined IRR of 59%.
💵 Kinross maintains strong liquidity of $3.5 billion and has repaid $700 million in debt, positioning itself to fund growth while strengthening its balance sheet.
📉 Newmont anticipates a production decline to 5.26 million ounces in 2026 and expects AISC to rise to $1,680 per ounce due to lower volumes and higher taxes.
📉 Kinross faces cost inflation with full-year 2025 AISC of $1,571 per ounce and expects 2026 costs to reach $1,730 per ounce due to inflationary impacts.
📊 Newmont trades at a forward 12-month earnings multiple of 10.73X, representing a roughly 4.6% premium over the industry average.
📉 Kinross trades at a discount with a forward 12-month earnings multiple of 10.06X, below its industry average.
🚀 Analysts project Kinross to achieve year-over-year EPS growth of 50% in 2026 based on consensus estimates trending northward over the past 60 days.
💹 Newmont offers a dividend yield of 1.1% with a payout ratio of 14%, while Kinross offers a yield of 0.6% with a payout ratio of 8%.
🏆 The article concludes that Kinross is the more favorable option currently due to its attractive valuation and higher growth projections despite both facing cost headwinds.
Bullish Signals
Newmont adds 315,000 ounces capacity at Ahafo North in 2025.
Newmont generated $3.6 billion from divestitures, reducing debt by $3.4B.
Newmont reported record $7.3 billion free cash flow in 2025.
Kinross pipeline offers 59% IRR and $4.3 billion incremental NPV.
Paracatu production rose 25% year over year in Q4 2025.
Kinross holds $3.5 billion liquidity with no debt until 2033.
Kinross trades at 10.06X forward earnings versus industry average.
Analysts project Kinross sales and EPS growth of 25.4% and 50% in 2026.
Risk Factors
Newmont gold production drops to 5.26M ounces in 2026.
Newmont AISC rises to $1,680/oz due to lower volumes.
Kinross Q4 AISC jumps 21% to $1,825/ounce.
Kinross full-year 2026 AISC expected at $1,730/ounce.
Bullish Signals
Newmont achieved commercial production at Ahafo North, adding significant capacity with an expected output of 315,000 ounces in 2025.
Newmont generated $3.6 billion from portfolio optimization and divestitures, reinforcing its balance sheet and reducing debt by roughly $3.4 billion.
Newmont reported record free cash flow of $7.3 billion in 2025, nearly doubling year over year.
Kinross has a strong pipeline of three U.S. projects with a combined IRR of 59% and incremental NPV of $4.3 billion.
Kinross's key assets Tasiast and Paracatu are delivering strong performance, with Paracatu production rising 25% year over year in Q4 2025.
Kinross has a robust liquidity position of $3.5 billion and no debt maturities until 2033, providing flexibility for growth.
Kinross trades at a discount to Newmont with a forward earnings multiple of 10.06X versus the industry average.
Analysts project Kinross sales and EPS to grow by 25.4% and 50% respectively in 2026, indicating strong upside potential.
Both companies are demonstrating strong financial health and commitment to shareholder returns through dividends and buybacks.
Risk Factors
Newmont anticipates a decline in gold production to 5.26 million ounces in 2026 from 5.89 million ounces in 2025.
Newmont expects its all-in-sustaining costs (AISC) to increase to $1,680 per ounce in 2026 due to lower sales volumes and higher royalties.
Kinross faces rising production costs with fourth-quarter AISC increasing 21% to $1,825 per ounce.
Kinross expects full-year 2026 AISC to be $1,730 per ounce, partly driven by inflationary impacts.
The global gold mining sector faces significant headwinds as Newmont Corporation (NYSE: NEM) and Barrick Gold Corporation (NYSE: GOLD) struggle to convert record-high gold prices into equity gains. Despite bullion approaching the $5,000 per ounce mark, both giants have seen sharp stock corrections in early 2026, with Newmont down approximately 26% and Barrick dropping 19%. Analysts describe this divergence as the 'Great Decoupling,' where soaring metal prices are increasingly offset by rising operational costs and lackluster production forecasts.
Newmont has officially designated 2026 as a 'trough year' for its global operations, guiding for a reduced production total of just 5.3 million ounces. This intentional pause aims to access higher-grade ore in late 2027 but comes with immediate balance sheet pressure. Compounding the production slump is a projected All-In Sustaining Cost (AISC) of $1,680 per ounce, driven by persistent labor shortages and ballooning equipment costs. Barrick faces similar turmoil due to systemic issues, including a lack of organic growth and failed attempts to replenish its pipeline through asset sales.
The market is rotating capital away from these large-cap miners toward mid-tier producers and royalty companies that maintain lower AISCs below $1,200 per ounce. Equipment manufacturers and labor providers are also thriving as they capture a larger share of the value chain amidst the inflation crippling the miners. Jurisdictional risks in Africa and South America further exacerbate the situation, adding a risk premium to stocks that physical gold ETFs do not carry.
Looking ahead, Newmont must prove 2026 is a temporary trough rather than a new normal, with investors scrutinizing its 2027 development milestones. Barrick may need consolidation or a transformative acquisition to overcome stagnation. While emerging technologies like in-situ leaching could offer future margin recovery, the immediate outlook remains volatile as the industry pivots from an era of easy growth to one demanding operational excellence and strict cost control.
📉 Newmont stock fell 26% with 5.3M oz 2026 production guidance.
💰 AISC projected at $1,680/oz due to labor and equipment costs.
🔄 Sector decoupling separates gold stocks from bullion prices.
🏆 Mid-tier producers with AISC under $1,200 attract capital.
📉 Newmont Corporation (NYSE: NEM) stock has tumbled approximately 26% from January highs after designating 2026 as a 'trough year' with a guided production total of just 5.3 million ounces.
💰 Newmont projects its 2026 All-In Sustaining Costs (AISC) to hit $1,680 per ounce, driven by labor shortages and rising heavy mining equipment costs.
📉 Barrick Gold Corporation (NYSE: GOLD) shares dropped 19% on heavy volume due to concerns over production stagnation and a lack of organic growth following non-core asset sales.
🔄 The sector is experiencing the 'Great Decoupling,' where gold equities no longer trade in lockstep with bullion prices due to rising operational expenses.
🏆 Mid-tier producers and royalty companies are emerging as winners, attracting capital from investors seeking miners with AISCs below $1,200 per ounce.
⚠️ Jurisdictional risks in Africa and South America have added a risk premium to mining giants, making physical gold ETFs more attractive for pure price exposure.
🤖 Equipment manufacturers and labor providers are thriving as inflation in autonomous haulage systems and specialized labor boosts their revenue streams.
🔮 Newmont faces scrutiny over its 2027 development milestones, with any delay in transitioning to higher-grade zones risking a permanent stock de-rating.
🤝 Barrick Gold may pursue consolidation or a massive strategic partnership to achieve economies of scale and reverse its shrinking narrative.
🛠️ The industry is shifting from an era of easy growth via rising gold prices to one requiring operational excellence and strict cost discipline.
Bullish Signals
Gold near $5,000/oz supports cash flows at high costs.
Production pause targets higher-grade ore access by late 2027.
Mid-tier producers maintain AISCs below $1,200/oz to capture upside.
Equipment and labor firms see record revenue from inflation.
New tech like AI exploration could drive future margin recovery.
Gold prices are approaching the $5,000 per ounce mark, providing a high commodity floor that could eventually support cash flows even at elevated costs.
Newmont's intentional production pause is part of a resequencing strategy aimed at accessing higher-grade ore in late 2027, potentially improving future margins.
Mid-tier producers and royalty companies are capturing the upside of the high gold price by maintaining AISCs below $1,200 per ounce.
Equipment manufacturers and labor providers are generating record revenue due to the inflationary pressure on mining operations.
Emerging technologies such as in-situ leaching for gold and advanced AI-driven exploration could provide future catalysts for margin recovery.
Risk Factors
Newmont's stock has fallen 26% from January highs, reflecting market unease over the company's balance sheet impact from its production pause.
Barrick Gold is facing systemic struggles including a lack of organic growth and failed attempts to replenish production via asset sales.
All-In Sustaining Costs for Newmont are projected to reach $1,680 per ounce, significantly eroding margins despite high gold prices.
Persistent labor shortages and ballooning costs for heavy mining equipment are driving up operational expenses across the industry.
Jurisdictional risks in Africa and South America have added a risk premium to mining stocks that is not present in physical gold or ETFs.
Barrick's 'all-or-nothing' strategy relying on massive projects creates vulnerability if those initiatives face delays or cost overruns.
The correlation between gold prices and mining equities has broken, leaving leveraged plays ineffective for generalist investors.
Newmont may need to accelerate full-scale mine automation to combat high AISC, requiring significant upfront capital expenditure.
Newmont, the world's largest gold producer, is facing significant headwinds driven by a combination of external market pressures and internal operational challenges. Despite a strong financial foundation with record free cash flow of $7.3 billion in 2025 and net liquidity of $2.1 billion, the company anticipates a production decline to 5.3 million ounces this year from 5.9 million. Additionally, all-in sustaining costs (AISC) are projected to rise to $1,680 per ounce due to increased taxes and royalties, which is expected to squeeze profit margins.
The primary external drivers of weakness include a retreating gold price and shifting monetary policy expectations. A strengthening U.S. dollar and easing geopolitical tensions have reduced demand for gold as a safe-haven asset. Simultaneously, the Federal Reserve has tempered hopes for imminent interest rate cuts, with markets now pricing in only one adjustment for 2026. This elevated rate environment diminishes the appeal of non-yielding assets like gold compared to interest-bearing instruments.
Compounding these issues is a material legal dispute involving an official notice of default issued to a joint-venture partner at the Nevada Gold Mines operation, which accounts for approximately 17 percent of Newmont's total production. Consequently, shares have declined by 3.47% recently, though the stock remains up roughly 127% year-to-date. The next quarterly report scheduled for April 23, 2026, is expected to provide concrete details on operational performance and the actual impact of these increased costs.
📉 Production forecast drops to 5.3 million ounces this year.
💰 AISC costs rise to $1,680 per ounce due to taxes.
⚖️ Default notice issued for Nevada Gold Mines joint venture.
💵 Record free cash flow of $7.3 billion in 2025.
📈 Shares up 127% year-to-date despite recent decline.
📉 Newmont forecasts a production decline to 5.3 million ounces this year from 5.9 million.
💰 All-in sustaining costs (AISC) are projected to rise to $1,680 per ounce due to higher taxes and royalties.
⚖️ The company issued an official notice of default to its joint-venture partner at Nevada Gold Mines, representing 17% of production.
📉 Declining gold prices and a strengthening U.S. dollar are reducing demand for the precious metal.
🏦 The Federal Reserve has tempered market hopes for imminent interest rate cuts, leaving only one adjustment priced in for 2026.
💵 Despite headwinds, Newmont reported record free cash flow of $7.3 billion and net liquidity of $2.1 billion in 2025.
📈 Shares declined 3.47% recently but remain up approximately 127% year-to-date.
📅 The next quarterly report is scheduled for April 23, 2026, to detail operational impacts.
Bullish Signals
Record free cash flow of $7.3 billion and net liquidity of $2.1 billion.
Profits may grow supported by anticipated higher average gold price.
Substantial year-to-date value increase of approximately 127 percent.
Risk Factors
Production forecast drops to 5.3 million ounces from 5.9 million.
AISC costs rise to $1,680/oz due to taxes and royalties.
Default notice issued on Nevada Gold Mines (17% of production).
Falling gold prices and strong dollar reduce safe-haven demand.
Fed tempers rate cut hopes; only one adjustment priced for 2026.
Bullish Signals
Newmont maintains a robust financial base with record free cash flow of $7.3 billion and net liquidity of $2.1 billion from the concluded 2025 fiscal year.
Forecasts suggest profits for the current year may continue to grow, supported by an anticipated higher average gold price despite recent corrections.
The stock has demonstrated resilience with a substantial year-to-date value increase of approximately 127 percent.
Risk Factors
Management anticipates a production decline for the current year, forecasting output to fall to 5.3 million ounces from 5.9 million.
All-in sustaining costs (AISC) are projected to rise to $1,680 per ounce primarily due to increased taxes and royalty expenses.
The company has issued an official notice of default to its joint-venture partner at the Nevada Gold Mines operation, which accounts for approximately 17 percent of total production.
A retreating gold price and strengthening U.S. dollar have reduced immediate demand for the precious metal as a safe-haven asset.
The Federal Reserve has tempered market hopes for imminent rate reductions, with markets pricing in only one interest rate adjustment for 2026.
Newmont Corporation, the world's largest gold producer, is facing significant headwinds driven by a combination of external market shifts and internal operational challenges. Despite a recent strong rally that pushed shares up significantly year-to-date, the stock has corrected recently due to falling gold prices, rising interest rates, and specific company issues. The primary external pressure comes from a strengthening U.S. dollar and reduced expectations for Federal Reserve rate cuts, which diminishes demand for non-yielding assets like gold.
Internally, Newmont anticipates a production decline for the current year, forecasting output to drop to 5.3 million ounces from 5.9 million. Concurrently, all-in sustaining costs (AISC) are projected to rise to $1,680 per ounce, primarily due to increased taxes and royalty expenses, which is expected to squeeze profit margins. Compounding these financial pressures is a material legal dispute where the company has issued an official notice of default to its joint-venture partner at the Nevada Gold Mines operation, a site responsible for approximately 17 percent of total production.
Despite these challenges, Newmont maintains a robust financial base with record free cash flow of $7.3 billion and net liquidity of $2.1 billion for the concluded 2025 fiscal year. Forecasts suggest profits may continue to grow supported by an anticipated higher average gold price, though investors await concrete details on operational performance and cost impacts in the next quarterly report scheduled for April 23, 2026. The stock recently declined by 3.47 percent to €95.76, reflecting a loss of nearly nine percent over the past 30 days.
📉 Production forecast drops to 5.3 million ounces this year.
💰 AISC costs rise to $1,680 per ounce due to taxes.
⚖️ Default notice issued for Nevada Gold Mines joint venture.
💵 Record free cash flow of $7.3 billion reported for 2025.
📉 Newmont anticipates a production decline for the current year, forecasting output to fall to 5.3 million ounces from 5.9 million.
💰 All-in sustaining costs (AISC) are projected to rise to $1,680 per ounce due to increased taxes and royalty expenses.
⚖️ The company issued an official notice of default to its joint-venture partner at the Nevada Gold Mines operation, which accounts for 17% of total production.
📉 Falling gold prices driven by a strengthening U.S. dollar and easing geopolitical tensions are reducing demand for the precious metal.
🏦 Higher interest rates and tempered expectations for Fed rate cuts make non-yielding assets like gold less attractive to investors.
💵 Newmont reported record free cash flow of $7.3 billion and net liquidity of $2.1 billion for the concluded 2025 fiscal year.
📈 Despite recent headwinds, the stock shows a substantial year-to-date increase of approximately 127 percent.
📅 The next quarterly report is scheduled for April 23, 2026, to provide details on operational performance and cost impacts.
📉 Shares declined by 3.47 percent to €95.76 recently, bringing the loss over the past 30 days to nearly nine percent.
Bullish Signals
Record free cash flow of $7.3 billion.
Net liquidity stands at $2.1 billion.
Year-to-date value increase of approximately 127%.
Risk Factors
Production forecast drops to 5.3 million ounces from 5.9 million.
AISC costs rise to $1,680/oz due to taxes and royalties.
Default notice issued for Nevada Gold Mines (17% of production).
Newmont maintains a robust financial base with record free cash flow of $7.3 billion and net liquidity of $2.1 billion for the concluded 2025 fiscal year.
Forecasts suggest that profits for the current year may continue to grow, supported by an anticipated higher average gold price.
Despite recent corrections, the stock still shows a substantial year-to-date value increase of approximately 127 percent.
Risk Factors
Management anticipates a production decline for the current year, forecasting output to fall to 5.3 million ounces from 5.9 million.
All-in sustaining costs (AISC) are projected to rise to $1,680 per ounce, primarily due to increased taxes and royalty expenses, which will squeeze profit margins.
The company has issued an official notice of default to its joint-venture partner at the Nevada Gold Mines operation, a site responsible for approximately 17 percent of total production.
The Federal Reserve has tempered market hopes for imminent rate reductions, diminishing the appeal of non-yielding assets like gold.
Newmont Corporation (NEM) stock has declined by 15.7% in under a month, dropping from $130.00 on February 27, 2026, to approximately $109.58. The article analyzes whether this price drop presents a buying opportunity for investors seeking quality stocks with a history of recovering from sharp declines.
Historical data indicates that Newmont passes basic quality checks regarding its ability to rebound. Specifically, the median return for the 12-month period following a sharp dip (defined as a 20% or greater drop in less than 30 days) has been 5.2%, with peak returns reaching up to 20%. The median time to achieve these peak returns is approximately 196 days.
Beyond individual stock analysis, the text suggests a portfolio approach to mitigate the risks associated with volatile individual equities. It highlights the Trefis High Quality (HQ) Portfolio, which consists of 30 stocks and has historically outperformed major benchmarks like the S&P 500 and Russell 2000 indices while maintaining lower risk profiles.
📉 Newmont stock dropped 15.7% from $130.00 to $109.58 in under a month.
📊 Historical dips of 20%+ in 30 days yield median 12-month returns of 5.2%.
🚀 Recovery peaks at median 20% after roughly 196 days following sharp drops.
🛡️ Newmont has hit this volatility threshold 13 times since January 1, 2010.
📈 Consider the Trefis High Quality Portfolio for over 105% cumulative returns.
📉 Newmont stock has fallen 15.7% in less than a month, dropping from $130.00 to $109.58 by the current date.
📊 Historical analysis shows a median 12-month return of 5.2% following sharp dips where the stock drops 20% or more within 30 days.
🚀 Peak returns after such historical dips have reached a median of 20%, with recovery typically taking about 196 days.
🛡️ Newmont has triggered the specific dip threshold 13 times since January 1, 2010, demonstrating recurring volatility patterns.
💼 The article recommends evaluating revenue growth, profitability, cash flow, and balance sheet strength to ensure a dip isn't a sign of deterioration.
📈 Investors are advised to consider the Trefis High Quality Portfolio, which has posted over 105% cumulative return since inception with lower risk than benchmarks.
Bullish Signals
Median peak returns reach 20% within a year.
Stock passes revenue growth, profitability, and balance sheet checks.
Consistently rebounds after significant drops since 2010.
Diversified approach captures upside while mitigating downside risk.
Risk Factors
Stock dropped 15.7% in under a month.
Historical median max drawdown after dips is -20%.
Bullish Signals
Newmont demonstrates a historical track record of recovering from sharp price dips, with median peak returns reaching 20% within a year.
The stock passes basic financial quality checks regarding revenue growth, profitability, cash flow, and balance sheet strength.
Historical data suggests that after a 13-event history of significant drops since 2010, the company has consistently shown potential for rebound.
A diversified portfolio approach using high-quality stocks like Newmont can help investors stay invested while capturing upside and mitigating downside risk.
Risk Factors
The stock has experienced a significant short-term decline of 15.7% in less than a month, indicating recent market weakness.
Historical data shows that the median maximum drawdown within one year following a dip event is -20%, suggesting potential for further downside before recovery.
Newmont Corp. (NEM) experienced a 1.49% decline in its share price to $114.48 on Thursday, marking the second consecutive day of losses for the company. This underperformance occurred against a backdrop of a significantly broader market downturn, with the S&P 500 Index dropping 1.52% to close at 6,672.62 and the Dow Jones Industrial Average falling 1.56% to 46,677.85. Despite the absolute loss in value for both Newmont and the broader indices, Newmont managed to outperform its competitors relative to the overall market's steep decline, as noted by analysts observing the differential performance during this all-around poor trading session.
The article provides intraday data support from FactSet and notes that historical and current end-of-day data is also sourced from FACTSET. All stock quotes are reported in local exchange time, with real-time last sale data for U.S. stocks reflecting trades reported through Nasdaq only. It is important to note that intraday data may be delayed by at least 15 minutes or according to specific exchange requirements. The reporting was published on March 12, 2026, at 4:37 p.m. ET, and includes standard market data disclosures from MarketWatch, Inc., which is also supported by world-class markets data from Dow Jones and FactSet in partnership with Automated Insights for content automation.
Stock remained resilient while S&P 500 fell 1.52% and Dow 1.56%.
Risk Factors
Newmont shares down 1.49% to $114.48.
Stock fell for second consecutive day.
Bullish Signals
Newmont Corp. stock outperformed competitors despite experiencing a 1.49% decline, demonstrating relative strength in challenging market conditions.
The company's stock remained resilient with S&P 500 Index SPX falling 1.52% and Dow Jones Industrial Average DJIA falling 1.56%, highlighting superior sector performance.
Risk Factors
Newmont Corp. shares slipped 1.49% to $114.48, marking the stock's second consecutive day of losses.
The decline occurred despite broader market weakness, with the S&P 500 falling 1.52% and the Dow Jones Industrial Average dropping 1.56%.
Newmont Corporation's NEM shares have surged 154.5% over the past year, significantly outperforming both the Zacks Mining – Gold industry's 131.2% rally and the S&P 500's 26.1% rise, driven by record gold prices and strong operational efficiency. While the stock has slipped below its 50-day simple moving average recently due to inflation worries and a pullback in gold prices, it remains above its 200-day SMA, maintaining a long-term uptrend reinforced by a bullish golden crossover observed on April 16, 2025. Peer comparison shows Barrick Mining Corporation B, Agnico Eagle Mines Limited AEM, and Kinross Gold Corporation KGC rallied 142.6%, 117%, and 185.6% respectively over the same period.
Newmont continues to pursue growth through strategic investments and projects such as the Cadia Panel Caves and Tanami Expansion 2 in Australia, alongside achieving commercial production at Ahafo North in October 2025 with an expected annual output of 275,000 to 325,000 ounces. The company has completed its non-core divestiture program in April 2025 by selling the Akyem operation in Ghana and Porcupine operation in Canada, as well as shares in Greatland Resources Limited and Discovery Silver Corp for approximately $470 million after taxes, contributing to a total of $3.6 billion raised from portfolio optimization in 2025. These funds are allocated toward reinforcing its balance sheet and delivering shareholder value.
Financially, Newmont demonstrates robust liquidity with roughly $11.6 billion at the end of 2025, including $7.6 billion in cash and equivalents, while free cash flow reached a record $7.3 billion year over year by the fourth quarter of 2025. Net cash from operating activities increased to $10.3 billion for 2025, supporting $3.4 billion in shareholder distributions through dividends and buybacks. The company remains committed to deleveraging with a net cash position of $2.1 billion as of February 19, 2026, having executed $3.6 billion from its $6 billion buyback authorization. Newmont offers a dividend yield of 0.9% with a payout ratio of 14%, indicating dividend sustainability backed by strong cash flows and financial health.
Gold prices have strengthened significantly in early 2026, reaching nearly $5,600 per ounce in late January before pulling back to below $4,900 and recovering above $5,400 on March 2 amid geopolitical tensions involving U.S.-Israel strikes on Iran. Central bank accumulation and safe-haven demand continue to underpin the yellow metal despite fluctuations in oil prices hovering above $5,100 per ounce and concerns over Federal Reserve rate cuts. Analyst estimates show growing optimism with the Zacks Consensus Estimate for 2026 earnings pegged at $8.79, suggesting year-over-year growth of 27.6%, and a 2027 consensus estimate revision upward, while Newmont currently trades at a forward price/earnings ratio of 12.99.
📈 NEM shares surged 154.5% YoY on record gold prices reaching nearly $5,600/oz.
💰 Q4 free cash flow hit a record $7.3B, funding $3.4B debt reduction and shareholder returns.
🌍 Geopolitical tensions and central bank buying continue driving bullish momentum for the precious metal.
📈 Newmont Corporation (NEM) shares rose 154.5% over the past year, driven by gold prices reaching record highs.
💰 NEM outperformed its mining peers and the S&P 500, rallying more than the Zacks Mining – Gold industry index.
📉 Stock slipped below its 50-day moving average due to a recent pullback in gold prices triggered by inflation concerns.
🏭 The company is investing in expansion projects like Cadia Panel Caves and Tanami Expansion 2 to increase production capacity.
⛏️ Commercial production was achieved at the Ahafo North project, expected to produce between 275,000 to 325,000 ounces annually.
💸 Newmont completed a divestiture program in April 2025, raising around $470 million cash after selling non-core assets like the Akyem operation.
💵 At the end of 2025, the company held robust liquidity totaling roughly $11.6 billion, including $7.6 billion in cash and equivalents.
🔄 Record free cash flow surged to $7.3 billion year over year in the fourth quarter, supported by strong operating cash flows.
💰 The firm returned $3.4 billion to shareholders through dividends and share repurchases during 2025 while reducing debt by approximately $3.4 billion.
📊 Gold prices hit a fresh high of nearly $5,600 per ounce in late January before briefly pulling back below $4,900 per ounce.
🌍 Escalating geopolitical tensions, including U.S.-Iran conflicts and central bank gold buying, are supporting bullish momentum for the precious metal.
💹 NEM offers a dividend yield of 0.9% with a sustainable payout ratio of 14%, backed by strong cash flow generation.
📈 Analyst earnings estimates for 2026 have been revised upward, projecting growth of 27.6% year over year.
📅 Zacks Consensus Estimates indicate earnings growth of roughly 17.6% for the following year in 2027.
💰 Newmont currently trades at a forward price-to-earnings multiple of 12.99 as investor interest remains strong.
Bullish Signals
NEM shares surged 154.5% last year, outperforming gold and S&P 500 rallies.
Ahafo North began commercial production in October 2025 after first gold pour.
Ahafo North expected to produce 315,000 gold ounces this year over 13-year life.
Non-core divestiture completed April 2025, generating $470 million cash proceeds.
Record $7.3 billion free cash flow generated in fourth quarter 2025.
Net operating cash surged 62% to $10.3 billion in 2025.
Newmont distributed $3.4 billion to shareholders and reduced debt equally.
Quarterly dividend increased to 26 cents with sustainable 14% payout ratio.
$3.6 billion used from $6 billion buyback authorization as of February 2026.
Analysts raise 2026 earnings estimates to $8.79, implying 27.6% growth.
Earnings expected to grow 17.6% in 2027 as production capacity expands.
Risk Factors
Stock slipped below 50-day moving average due to gold pullback and inflation fears.
Gold prices fell from $5,600 to below $4,900 amid profit-taking and dollar rebound.
Newmont dividend yield of 0.9% lags typical defensive holdings for income investors.
2026 earnings estimates of $8.79 face downward revision if gold stabilizes or declines.
Bullish Signals
Newmont Corporation's NEM shares have surged 154.5% over the past year, outperforming both the Zacks Mining – Gold industry rally (131.2%) and the S&P 500 rise (26.1%).
The company achieved a significant milestone at Ahafo North in October 2025 with commercial production following its first gold pour in September 2025.
Ahafo North is expected to produce between 275,000 and 325,000 ounces of gold annually over a 13-year mine life, with output projected at 315,000 ounces for this year.
Newmont successfully completed its non-core divestiture program in April 2025, including the sale of operations in Ghana and Canada, generating $470 million in cash proceeds after taxes and commissions.
The company generated a record $7.3 billion in free cash flow in the fourth quarter, representing a two-and-a-half-fold year-over-year increase.
Net cash from operating activities surged 62% to $10.3 billion in 2025, driven by strong operational performance and gold price appreciation.
Newmont distributed $3.4 billion to shareholders through dividends and share repurchases in 2025 while reducing debt by roughly $3.4 billion.
The company announced an increased dividend of 26 cents per share for the fourth quarter of 2025 with a sustainable payout ratio of just 14%.
Newmont has utilized $3.6 billion from its $6 billion buyback authorization as of February 19, 2026, demonstrating commitment to shareholder value.
Earnings estimates for 2026 are being revised higher by analysts, with current consensus pegged at $8.79 suggesting year-over-year growth of 27.6%.
Analyst expectations also point to roughly 17.6% earnings growth in 2027 as the company continues to expand production capacity.
Risk Factors
The stock slipped below its 50-day simple moving average due to a pullback in gold prices triggered by inflation worries, suggesting potential short-term weakness despite the long-term uptrend.
Gold prices experienced volatility with a brief pullback from nearly $5,600 per ounce to below $4,900 per ounce following aggressive profit-booking and a rebound in the U.S. dollar after hitting a four-year low.
Rising oil prices are hovering above $5,100 per ounce, contributing to inflation concerns that have reduced expectations of Federal Reserve rate cuts, negatively impacting gold sentiment.
Newmont offers a dividend yield of 0.9%, which is relatively low compared to typical defensive holdings, potentially limiting appeal to income-focused investors.
Earnings estimates for 2026 are pegged at $8.79 with expected year-over-year growth of 27.6%, but these are consensus projections that could face downward revision risks if gold prices stabilize or decline further.
Newmont Corporation (NEM) shares have rallied 154.5% over the past year, significantly outperforming peers like Barrick Gold and Kinross Gold, driven by record gold prices and strong operational efficiency. The stock has maintained a long-term uptrend above its 200-day moving average since April 2025, despite a recent pullback linked to inflation concerns and a dip in gold prices below $4,900 per ounce.
Newmont is executing a strategic shift toward its Tier 1 assets, having completed the divestiture of non-core operations like Akyem and Porcupine in April 2025 for approximately $470 million. Key growth drivers include the commercial production at the Ahafo North mine in October 2025, which is expected to produce up to 325,000 ounces annually over a 13-year life, alongside ongoing investments in the Cadia Panel Caves and Tanami Expansion projects.
Financially, Newmont demonstrated exceptional strength in 2025 with record free cash flow of $7.3 billion and robust liquidity of $11.6 billion at year-end. The company utilized these funds to reduce debt by $3.4 billion, distribute $3.4 billion to shareholders via dividends and buybacks, and maintain a net cash position of $2.1 billion, positioning it well for future capital allocation and shareholder returns.
📈 NEM shares surged 154.5% in the past year.
💰 Newmont sold assets for $470 million in April 2025.
💵 Record free cash flow of $7.3 billion generated in 2025.
📉 Debt reduced by $3.4 billion with $2.1 billion net cash.
🚀 Stock holds Zacks Rank #1 (Strong Buy).
📈 NEM shares surged 154.5% in the past year, outperforming the Zacks Mining – Gold industry rally of 131.2% and the S&P 500's 26.1% rise.
🏭 The company achieved commercial production at the Ahafo North mine in October 2025, targeting 315,000 ounces this year with a ramp-up to 325,000 ounces annually over a 13-year life.
💰 Newmont completed non-core divestitures in April 2025, selling assets like Akyem and Porcupine for roughly $470 million after taxes and commissions.
📉 Gold prices recently pulled back below $4,900 per ounce due to profit-taking and a rebounding U.S. dollar following a four-year low.
💵 The company generated record free cash flow of $7.3 billion in 2025, a surge of two-and-a-half-fold year over year driven by operating cash flows of $10.3 billion.
📉 Newmont reduced its debt by approximately $3.4 billion in 2025, resulting in a strong net cash position of $2.1 billion at the end of the year.
💸 Shareholders received $3.4 billion in distributions through dividends and share repurchases during 2025, with an increased dividend of 26 cents per share announced for Q4.
📊 Analyst consensus estimates for 2026 earnings are pegged at $8.79, suggesting a year-over-year growth rate of 27.6%.
🏆 Newmont is currently trading at a forward P/E of 12.99X, which represents a modest 0.8% discount to the industry average of 13.1X.
🚀 The stock holds a Zacks Rank #1 (Strong Buy) based on positive earnings outlooks and favorable gold market conditions.
Bullish Signals
Shares rallied 154.5% in past year.
Record free cash flow of $7.3 billion in 2025.
Divested non-core assets for approximately $470 million.
Reduced debt by roughly $3.4 billion in 2025.
Net cash position of $2.1 billion.
Analysts estimate robust 2026 earnings growth of 27.6%.
Sustainable dividend payout ratio of 14%.
Risk Factors
Gold fell below $4,900 due to profit-taking and dollar rebound.
Stock dropped below 50-day moving average amid inflation fears.
Bullish Signals
NEM shares have rallied 154.5% in the past year, significantly outperforming both its direct peers like Kinross Gold (+185.6%) and Barrick Gold (+142.6%).
The company achieved a major milestone with commercial production at Ahafo North in October 2025, adding significant long-term capacity to its portfolio.
Newmont generated record free cash flow of $7.3 billion in 2025, demonstrating exceptional operational efficiency and liquidity management.
The company successfully divested non-core assets for approximately $470 million, reinforcing its balance sheet and focusing capital on high-return Tier 1 assets.
Newmont reduced its debt by roughly $3.4 billion in 2025 while distributing $3.4 billion to shareholders, resulting in a healthy net cash position of $2.1 billion.
Analyst consensus estimates for 2026 earnings suggest robust growth of 27.6%, with the stock trading at a modest discount to the industry average P/E ratio.
The company maintains a strong dividend yield and a sustainable payout ratio of 14%, backed by substantial cash flows and a deleveraging strategy.
Risk Factors
Gold prices recently pulled back below $4,900 per ounce due to aggressive profit-booking and a rebound in the U.S. dollar after hitting a four-year low.
The stock slipped below its 50-day simple moving average amid recent pullback in gold prices driven by inflation worries and reduced expectations of Federal Reserve rate cuts.
NEWMONT Corp (NEM) executive Jennifer Cmil reported two significant equity transactions on February 27, 2026, and March 2, 2026. On the first date, she acquired 2,041 shares of common stock as a grant with no purchase price, increasing her total holdings to 70,493 shares.
On March 2, 2026, Cmil disposed of 893 shares at a price of $127.47 per share. This transaction was specifically executed to cover tax withholding obligations associated with the vesting of performance stock units. Following this sale, her direct beneficial ownership in the company stands at 69,600 shares.
The filing is a Form 4 submitted pursuant to Section 16(a) of the Securities Exchange Act of 1934, signed by attorney-in-fact Logan H. Hennessey on behalf of Cmil. The document details the transition from stock-settled performance units to direct ownership and the subsequent tax-related disposition.
📅 Jennifer Cmil received a grant of 2,041 NEWMONT Corp shares on Feb 27, 2026.
💰 The grant was free of charge, raising her total holdings to 70,493 shares.
📉 She sold 893 shares at $127.47 each on March 2, 2026 for taxes.
🏆 The sale resulted from vesting performance stock units previously granted to the executive.
📊 Her current direct beneficial ownership in NEWMONT Corp stands at 69,600 shares.
📅 Jennifer Cmil acquired 2,041 shares of NEWMONT Corp common stock as a grant on February 27, 2026.
💰 The acquisition had no purchase price, bringing her total holdings to 70,493 shares immediately after the grant.
📉 On March 2, 2026, Cmil sold 893 shares at $127.47 per share to satisfy tax withholding requirements.
🏆 The sale was triggered by the vesting of performance stock units previously granted to the executive.
📊 Her current direct beneficial ownership in NEWMONT Corp is recorded at 69,600 shares.
✍️ The Form 4 was filed and signed by Logan H. Hennessey acting as attorney-in-fact for Cmil.
Bullish Signals
Jennifer Cmil received 2,041 free shares.
She now holds 69,600 direct shares.
This reflects standard vesting mechanics.
Bullish Signals
Executive Jennifer Cmil received a grant of 2,041 shares with no purchase price, indicating an increase in her equity stake without capital outlay.
The executive now holds 69,600 shares directly, representing a substantial long-term position in the company.
The transaction reflects standard vesting and tax-withholding mechanics rather than a lack of confidence in the stock's value.
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Let Meta (Facebook and Instagram) measure how our ads perform, using the Meta Pixel. Meta Platforms Ireland Ltd. receives the pages you visit and, when you confirm the email address of a new account, a "completed registration" event, together with browser identifiers and your IP address. Meta's automatic advanced matching also reads contact details you type into forms on our site, such as your email address or name, hashes them in your browser and sends them with these events so Meta can match them to a Facebook or Instagram account. Hashed details are still personal data. These events are sent from your browser and may also be forwarded to Meta through Meta's Conversions API Gateway. Our own server also sends page visits and completed-registration events directly to Meta's Conversions API, with your IP address, browser user agent and Meta browser identifiers, so Meta can count it once. To help Meta match these visits, your browser and our server also send a random visitor ID from our own cookie and, if you are signed in, your account ID, your confirmed email address and the name, city, postal code and country saved in your profile, all hashed first. We and Meta are joint controllers for collecting and sending this data, and Meta's further use, which may include processing in the USA, is described in the Meta Privacy Policy. When this is off, the Meta Pixel is not loaded and no page visit or registration event is sent to Meta. Together with analytics cookies, this choice also lets Google receive hashed contact details, as described under Analytics cookies.
Cookie
Purpose
Duration
_fbp
Identifies browsers for Meta ad measurement (Meta Pixel)
3 months
_fbc
Stores the Meta ad click that brought you here (Meta Pixel)
3 months
_bes_meid
Random visitor ID, sent to Meta only hashed, so your visits can be matched (Meta Pixel and Conversions API)