Newmont Mining Corporation

Explore Newmont Corporation, Global Leader in Gold Mining, Sustainability, and Responsible resource Development.

Ghana Launches Largest Mining Sector Audit in a Decade to Recover Revenue and Strengthen Oversight

Rare Earths    Energy    Commodities    Precious Metals    Textiles    Metals    Rio Tinto    Grains Food And Fibre    Glencore    Industrial Metals    Futures Exchanges    Livestock And Meat

Rio Tinto to Slash Yarwun Alumina Output by 40% to Extend Operations Beyond 2031 Tailings Limit

Newmont's Golden Dilemma: Record Metal Prices Meet Ghana's Royalty Threat

Newmont Corporation finds itself at a crossroads, buoyed by historic precious metal prices yet challenged by potential regulatory shifts in a key operating region.

Gold and silver have surged to all-time highs, creating a powerful tailwind for the miner's revenue and cash flow.

This favorable environment has propelled Newmont's stock (NYSE: NEM), which has seen significant gains, up 11% in the past week and over 30% year-to-date.

However, this bullish momentum faces a counterweight. The Ghanaian government is considering an increase in mining royalties, which threatens to elevate costs in a jurisdiction critical to Newmont's operations. This proposed hike introduces a tangible fiscal risk that could pressure future profitability.

For investors, the central question is how Newmont's current valuation balances these opposing forces. The market must weigh the immediate windfall from record metal prices against the emerging overhang of a higher fiscal burden in West Africa, determining how much future risk is already reflected in the share price of $131.95.

While record metal prices (gold >$5,000/oz, silver >$115) have spurred bullish investor sentiment for Newmont, evident in traders paying for upside exposure, a key risk emerges from Ghana. The proposed royalty hike threatens to elevate operating costs at assets such as Ahafo North, potentially offsetting a significant portion of the gains from the higher price environment.

Newmont's Investment Narrative and Regulatory Risks
This scenario fits seamlessly into the established Newmont narrative, touching on both its strategic leverage and its systemic risks. It validates the bullish emphasis on portfolio optimization and asset longevity relative to its peers. Concurrently, it provides ammunition for the cautious perspective, framing Ghana's fiscal debate not as an isolated event, but as part of a broader global trend where strengthening fiscal regimes pose a persistent threat to underlying margins.

Investor Risks and Rewards in Gold Mining
Investors are balancing significant rewards against clear risks. Soaring gold and silver prices are driving revenue and cash flow optimism, reflected in rising shares and bullish options bets. Analysts highlight Newmont's potential to leverage its scale for outperformance. However, a proposed royalty hike in Ghana threatens to elevate costs in a key region, and the aggressive options positioning could swiftly reverse if gold prices retreat or regulatory news disappoints.

Key Factors to Watch for Newmont's Outlook
To stay informed on this situation, focus on three developments: concrete decisions from Ghana regarding royalty rates, Newmont’s own statements on tax and royalty exposure in future presentations, and whether options markets continue to favor upside or begin pricing in greater downside risk.

If you’re interested in how other investors are interpreting these factors, you can explore the community discussions on Newmont’s dedicated company page. Comparing those narratives with your own assessment of the risk and reward can provide valuable context.

Newmont Corporation (NEM): Outpacing the Market as Earnings Approach

Newmont Corporation (NEM) closed the recent trading session at $101.22, marking a gain of +1.37%.

This advance notably exceeded the broader market, as the S&P 500 rose just 0.19% for the day.

The gold and copper miner's strength is part of a larger trend, with its shares climbing 10.06% over the past month. This performance has significantly outpaced both the Basic Materials sector's gain of 3.51% and the S&P 500's more modest 0.54% increase.

Investor attention now turns to the company's upcoming earnings release. Analysts anticipate earnings of $1.61 per share, which would represent a 15% year-over-year increase. Quarterly revenue is projected at $5.45 billion, a slight decrease of 3.5% from the prior-year period.

For the full year, the consensus estimates point to substantial earnings growth, with forecasts of $6.12 per share (a surge of +75.86%) and revenue of $21.12 billion, which would be unchanged from last year.

Based on recent financial analysis and market data, investors in Newmont Corporation (NEM) have several key factors to consider. Positive revisions to analyst estimates, coupled with specific valuation metrics that appear at a premium to the industry, paint a nuanced picture of the stock's current standing.

A clear trend of upward revisions to earnings estimates reflects growing analyst optimism about Newmont's short-term profitability. Over the past 30 days, consensus estimates for both the current quarter (Dec 2025) and the next year (2026) have been revised upward by several analysts . This positive momentum is underpinned by strong expected earnings growth, with projected year-over-year increases of 81.78% for the current year (2025) and 22.00% for the next year (2026), significantly outpacing the broader S&P 500 average .

Regarding valuation, Newmont is currently trading at a premium based on traditional metrics. The stock's Forward Price-to-Earnings (P/E) ratio is approximately 14.35, which is higher than the industry average Forward P/E of 11.89 . This suggests the market is pricing in higher expectations for Newmont compared to its gold mining peers.

However, when factoring in the company's growth trajectory, the valuation appears more attractive. Newmont's Price/Earnings-to-Growth (PEG) ratio is approximately 0.61 . This ratio, which adjusts the P/E for expected earnings growth, is below the theoretical fair value of 1.0. Yet, it remains above the Mining-Gold industry's average PEG ratio of 0.38.

This indicates that while the stock's premium price is partially justified by its growth, it is still valued more richly than the average industry peer on a growth-adjusted basis. Newmont's position as the largest company in the gold industry by market cap may contribute to this premium .

In summary, the investment case for Newmont is characterized by strong, upward-trending earnings estimates and robust projected growth, which are balanced against valuation multiples that command a premium within its sector.

24 First Nations Launch $6.6M Skills and Training Fund with Support from Newmont and Orla Mining

First Nation Limited Partnership (FNLP), Newmont Corporation (NYSE: NEM), and Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) have jointly established a C$6.6 million Education, Training, and Skills Development Fund to support the long-term economic and cultural advancement of 24 First Nations in Northwestern Ontario.

The fund, contributed over a 10-year period, will be administered by Opiikapawiin Services LP (OSLP), a service organization wholly owned by the 24 participating First Nations. It will provide community members with enhanced access to education, vocational training, and skill-building opportunities aligned with both employment pathways and cultural preservation.

FNLP, formed in 2015, represents the collective interests of these 24 First Nations in Wataynikaneyap Power LP, in which they hold a combined 51% ownership stake, equally shared among the communities. FNLP retains the right to increase this ownership to 100% over time. The partnership’s broader mission includes connecting 17 remote First Nations communities to Ontario’s provincial power grid, replacing diesel-dependent energy systems with cleaner, more reliable power.

The fund will support a wide range of programs aimed at advancing education, career development, and cultural revitalization. These include career readiness initiatives, trades training, mentorship opportunities, land-based learning, literacy programs, STEM education, scholarships, and expanded access to digital tools and technology.

“This fund builds on a long-standing partnership that demonstrates what’s possible when we come together with a shared commitment to community success,” said Eliezar McKay, Chair of the First Nations Leadership Partnership (FNLP). “It ensures that our youth have the education, training, and knowledge they need to shape a bright and prosperous future for themselves and their communities.”

“We extend our deepest gratitude to Newmont Corporation and Orla Mining Ltd. for their generous contributions to this fund and for reinvesting in our communities,” McKay added. “Through this initiative, we’re creating lasting opportunities for future generations to thrive, honoring the vision of our Elders and ancestors while building a strong path forward.”

The initiative deepens the longstanding relationship between FNLP and the Musselwhite Mine. Newmont Corporation previously owned the mine (formerly under Goldcorp), and Orla Mining Ltd. now operates the site.

Singapore Sharpens Its Digital Finance Focus: Tokenization in, Speculative Crypto Out.

The 24 First Nations collectively hold a 51% ownership stake in Wataynikaneyap Power, alongside Fortis Inc. and other private investors. For over 30 years, these Nations have been steadfast advocates for energy security in Northwestern Ontario.

Goldcorp originally joined the project both to meet its own power needs and to support Indigenous ownership, providing essential funding for early pre-development costs. That initial investment played a pivotal role in launching one of Canada’s most significant Indigenous-led infrastructure initiatives.

Rather than seeking repayment on a promissory note issued for those pre-development expenses, Newmont and Orla have agreed to redirect the funds to benefit the region through a newly established charitable organization. The initiative will offer added support for community members pursuing education and skills development.

Silvana Costa, Chief Sustainability Officer at Orla Mining, emphasized the company’s commitment:
“It is important for Orla to support and contribute to the momentum and priorities established by the member Nations of FNLP. We are proud to be building on these historic partnerships with Indigenous communities in Northern Ontario and recognize that true partnership means working together with respect, understanding, and a shared purpose.

The development fund will leverage one unifying project and transform it into the next, and we hope the generation of youth that participate in these new opportunities will in turn be able to do the same. We look forward to being part of this next chapter in the region.”

David Thornton, Managing Director for Newmont Americas, added:
“Although Newmont has since divested our assets in Ontario, our commitment to lasting, positive impact remains. This investment honours the spirit of partnership that shaped our time in the region and looks ahead, supporting youth, education, and Indigenous-led development for generations to come.”

Digging Deeper: Insights into the World of Mining

Newmont Cuts 16% of Workforce in Post-Newcrest Restructuring Drive

Newmont Corporation’s (NEM.N) restructuring following its acquisition of Australian miner Newcrest has affected 16% of its global workforce, according to an internal memo reviewed by Reuters.

The workforce adjustments, encompassing job eliminations, unfilled vacancies, and role-level changes, are part of broader efforts to streamline operations and integrate the two companies. Newmont acquired Newcrest in 2023 for approximately $17 billion, becoming the world’s largest gold producer. Since then, it has divested more than $2 billion in Canadian assets, reduced headcount, and lowered debt to shed non-core operations.

The integration effort includes an internal initiative dubbed “Project Catalyst.” In the final phase of its cost and productivity program, Newmont trimmed roles by roughly 12% at “Level of Work 2”, covering superintendents, leads, and specialists, and by about 10% at “Level of Work 1,” which includes advisors, officers, operators, and maintainers, the memo stated.

The company completed the restructuring a month ahead of schedule, aiming to alleviate employee concerns over extended uncertainty.

As of December 31, 2024, Newmont employed approximately 22,200 people and engaged an additional 20,400 contractors.

“Moves to reshape our structure reflect one of several steps we are taking in 2025 to reduce our cost base and improve productivity,” a company spokesperson told Reuters.

Newmont is also reassessing its asset portfolio to concentrate on high-return operations and strategic partnerships, most notably its Nevada Gold Mines joint venture with Barrick Gold (ABX.TO). Barrick holds a 61.5% stake in the venture, with Newmont owning the remaining 38.5%.

CEO Tom Palmer, who is set to retire on December 31, 2025, recently reaffirmed the company’s commitment to deepening collaboration with Barrick to maximize output from their shared Nevada operations.

Tweet