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NEM's Earnings and Sales Top Estimates in Q4 on Higher Gold Prices
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Key Takeaways
NEM beats Q4 earnings and revenue estimates as realized gold prices surge 59.5% YoY.
NEM posts $6.8B revenue, up 20.6%, while gold output hits 1.45M oz.
NEM cash jumps 111% to $7.6B, debt falls 32%, and 2026 output is expected at 5.26M oz.
Newmont Corporation (NEM - Free Report) reported fourth-quarter 2025 earnings of $1.19 per share compared with $1.24 in the year-ago quarter.
Barring one-time items, adjusted earnings were $2.52 per share, up from $1.40 reported in the prior-year quarter. It topped the Zacks Consensus Estimate of $2.03.
NEM’s revenues for the fourth quarter were $6,818 million, up roughly 20.6% from $5,652 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $6,056 million. The increase in the top line was primarily due to higher year-over-year realized gold prices.
Newmont Corporation Price, Consensus and EPS Surprise
Newmont's attributable gold production in the fourth quarter of 1.45 million ounces was 2% higher than the prior quarter’s figure and down 23.7% year over year. The figure beat our estimate of 1.42 million ounces.
Average realized prices of gold rose around 59.5% year over year to $4,216 per ounce. The figure topped our estimate of $3,560 per ounce.
The company’s costs applicable to sales (CAS) for gold (co-product) were $1,166 per ounce, up 6.4% year over year. The figure was below our estimate of $1,175 per ounce.
All-in-sustaining costs (AISC) for gold (co-product) were up around 10.7% year over year to $1,620 per ounce. The figure was higher than our estimate of $1,531 per ounce.
NEM’s Financials
The company ended the quarter with cash and cash equivalents of $7,647 million, up 111.3% year over year. At the end of the quarter, the company had a long-term debt of $5,115 million, down 32.3% year over year.
Net cash from continuing operations amounted to $3,621 million in the reported quarter, up from $2,511 million in the year-ago quarter.
Newmont’s 2026 Outlook
Newmont anticipates gold production for 2026 at about 5.26 million ounces. The company also projects total CAS (by-product) for gold at $1,055 per ounce and an AISC (by-product) of $1,680 per ounce.
General and Administrative expenses for 2026 are expected to be around $375 million, aided by cost savings. Reclamation and Remediation Accretion is projected to be about $385 million, while exploration and advanced projects expenses are predicted to be around $525 million.
NEM’s Price Performance
Newmont’s shares have gained 176.6% in the past year compared with the 144.4% rise of the industry.
Image Source: Zacks Investment Research
NEM’s Zacks Rank & Key Picks
NEM currently sports a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Orla Mining Ltd. (ORLA - Free Report) , Compania de Minas Buenaventura S.A.A. (BVN - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
Orla Mining is scheduled to report fourth-quarter results on March 19. The Zacks Consensus Estimate for ORLA’s fourth-quarter earnings is pegged at 38 cents, indicating 442.86% year over year growth. It beat the consensus estimate in each of the last four quarters, with an average surprise of 9%. ORLA currently flaunts a Zacks Rank #1 (Strong Buy) at present. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Buenaventura is slated to report fourth-quarter results on Feb. 26. The Zacks Consensus Estimate for earnings is pegged at 59 cents per share, indicating 353.9% year over year growth. It beat the consensus estimate in three of the last four quarters, with an average surprise of 28.02%. BVN sports a Zacks Rank #1 at present.
Avino Silver is slated to report fourth-quarter results on March 11. The consensus estimate for ASM’s earnings is pegged at 6 cents. ASM, presently carrying a Zacks Rank #2 (Buy), beat the consensus estimate in the last four quarters, the average earnings surprise being 150%.
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NEM's Earnings and Sales Top Estimates in Q4 on Higher Gold Prices
Key Takeaways
Newmont Corporation (NEM - Free Report) reported fourth-quarter 2025 earnings of $1.19 per share compared with $1.24 in the year-ago quarter.
Barring one-time items, adjusted earnings were $2.52 per share, up from $1.40 reported in the prior-year quarter. It topped the Zacks Consensus Estimate of $2.03.
NEM’s revenues for the fourth quarter were $6,818 million, up roughly 20.6% from $5,652 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $6,056 million. The increase in the top line was primarily due to higher year-over-year realized gold prices.
Newmont Corporation Price, Consensus and EPS Surprise
Newmont Corporation price-consensus-eps-surprise-chart | Newmont Corporation Quote
Newmont’s Operational Highlights
Newmont's attributable gold production in the fourth quarter of 1.45 million ounces was 2% higher than the prior quarter’s figure and down 23.7% year over year. The figure beat our estimate of 1.42 million ounces.
Average realized prices of gold rose around 59.5% year over year to $4,216 per ounce. The figure topped our estimate of $3,560 per ounce.
The company’s costs applicable to sales (CAS) for gold (co-product) were $1,166 per ounce, up 6.4% year over year. The figure was below our estimate of $1,175 per ounce.
All-in-sustaining costs (AISC) for gold (co-product) were up around 10.7% year over year to $1,620 per ounce. The figure was higher than our estimate of $1,531 per ounce.
NEM’s Financials
The company ended the quarter with cash and cash equivalents of $7,647 million, up 111.3% year over year. At the end of the quarter, the company had a long-term debt of $5,115 million, down 32.3% year over year.
Net cash from continuing operations amounted to $3,621 million in the reported quarter, up from $2,511 million in the year-ago quarter.
Newmont’s 2026 Outlook
Newmont anticipates gold production for 2026 at about 5.26 million ounces. The company also projects total CAS (by-product) for gold at $1,055 per ounce and an AISC (by-product) of $1,680 per ounce.
General and Administrative expenses for 2026 are expected to be around $375 million, aided by cost savings. Reclamation and Remediation Accretion is projected to be about $385 million, while exploration and advanced projects expenses are predicted to be around $525 million.
NEM’s Price Performance
Newmont’s shares have gained 176.6% in the past year compared with the 144.4% rise of the industry.
Image Source: Zacks Investment Research
NEM’s Zacks Rank & Key Picks
NEM currently sports a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Orla Mining Ltd. (ORLA - Free Report) , Compania de Minas Buenaventura S.A.A. (BVN - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
Orla Mining is scheduled to report fourth-quarter results on March 19. The Zacks Consensus Estimate for ORLA’s fourth-quarter earnings is pegged at 38 cents, indicating 442.86% year over year growth. It beat the consensus estimate in each of the last four quarters, with an average surprise of 9%. ORLA currently flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Buenaventura is slated to report fourth-quarter results on Feb. 26. The Zacks Consensus Estimate for earnings is pegged at 59 cents per share, indicating 353.9% year over year growth. It beat the consensus estimate in three of the last four quarters, with an average surprise of 28.02%. BVN sports a Zacks Rank #1 at present.
Avino Silver is slated to report fourth-quarter results on March 11. The consensus estimate for ASM’s earnings is pegged at 6 cents. ASM, presently carrying a Zacks Rank #2 (Buy), beat the consensus estimate in the last four quarters, the average earnings surprise being 150%.