Newmont Corporation is grappling with a stock price decline of up to 2.7%, driven by rising concerns over energy-fueled inflation impacting metal prices. Despite these struggles, analysts predict a strong quarterly earnings report with expected earnings of $2.07 per share, marking a 65.6% increase year-over-year, alongside a revenue forecast of $6.36 billion, up 27%. The company faces operational hurdles, including the suspension of underground mining at Cadia due to an earthquake and new tax pressures in Ghana, while anticipating lower gold production in 2026, projected at 5.26 million ounces.
“Shares of Southern Copper, Newmont Goldcorp, Agnico Eagle Mines, and Wheaton Precious Metals fell between 1.9% and 2.7%, respectively. Gold prices fell to a one-week low on Monday before recovering slightly as Iran's threat of retaliation to the U.S. takeover of an Iranian cargo vessel drove the dollar and oil prices higher.”
“Concerns about energy-fueled inflation have been a major drag on metal prices since the conflict began in late February. Expectations that global central banks would respond to these price pressures by raising rates do not bode well for non-yielding assets like gold.”
“In its upcoming report, Newmont Corporation (NEM) is predicted by Wall Street analysts to post quarterly earnings of $2.07 per share, reflecting an increase of 65.6% compared to the same period last year.”
“Revenues are forecasted to be $6.36 billion, representing a year-over-year increase of 27%.”
“Newmont has suspended underground mining at its Cadia operation after an earthquake, creating uncertainty around near term production. Ghana has introduced a new tax framework that adds further cost pressure to Newmont's African operations.”
“The earthquake-driven suspension at Cadia and wildfire constraints at Boddington challenge the idea that a larger, diversified asset base automatically smooths production and cash flow.”
“Gold prices fell nearly 1.5%, sending gold miner Newmont down 2%.”
“The main exceptions are Newmont and Barrick, which trade below their historical averages and are rated Outperform at Bernstein.”
“The main exceptions are Newmont and Barrick, which trade below their historical averages and are rated Outperform at Bernstein.”
“Newmont continues to invest in growth projects in a calculated manner. The company is pursuing several projects, including the Cadia Panel Caves and Tanami Expansion 2 in Australia.”
“In October 2025, NEM achieved a significant milestone at Ahafo North. It achieved commercial production at the project, which followed the first gold pour in September 2025. Ahafo North is expected to produce between 275,000 and 325,000 ounces of gold annually over an estimated mine life of 13 years.”
“The company generated $3.6 billion from its portfolio optimization actions in 2025. These funds will support Newmont’s capital allocation strategy, which focuses on reinforcing its balance sheet and delivering returns to its shareholders.”
