Newmont Corporation (NEM) shares increased by 59.8% over the past year, outperforming the Zacks Mining – Gold industry, which rose 37.6%, and the S&P 500, which saw a 16.6% increase. Key factors behind this surge include forecast-topping earnings, operational efficiency, rising gold prices, and a strong asset portfolio.
By the end of Q2 2026, Newmont reported liquidity of approximately $13 billion, with cash and cash equivalents around $9 billion. The company expects gold production to decline to about 5.26 million ounces in 2026, down from 5.89 million in 2025, due to strategic divestments and lower output from key sites. All-in-sustaining costs are anticipated to rise to $1,680 per ounce in 2026, up from $1,358 in 2025.
Newmont achieved commercial production at the Ahafo North mine in October 2025, projected to produce between 275,000 and 325,000 ounces of gold annually over 13 years. The company distributed $3.4 billion to shareholders in 2025 and seeks to reduce debt by around $3.4 billion this year.
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