NEM

H1 2026 turned out to be a bad one for gold mining stocks, despite a great start, because of the oil crisis that erupted in 2026. H2 2026 could be better than H1 2026 with no repeat of the big losses, but big gains will be difficult with the crisis still not fully resolved. Gold mining stocks are likely to go flattish in H2 2026, but their ability to go higher should get better longer term for multiple reasons.

Newmont Corporation, the world's largest gold miner, trades at 9.6x forward earnings after an approximate 30% stock decline amid gold's Q2 sell-off. NEM delivered Q1 revenue up 46% to $7.31 billion, beat earnings estimates, generated a record $3.1 billion in free cash flow, and completed a $6 billion buyback with another $6 billion authorized. Management reaffirmed FY2026 guidance: 5.3 million oz gold, 9 million oz silver, 30,000 tonnes copper; analysts project 47% profit growth and 25% revenue growth for FY2026.

Newmont (NEM) trades at roughly 9.6x forward earnings (about 8.6x on 2027 estimates), below its five-year average, after gold corrected more than 25% from its January high. Q1 2026 was a record: $3.1 billion in free cash flow, $3.3 billion in net income, a net cash balance sheet, and a fresh $6.0 billion buyback authorization. 2026 production will take a hit, though, with higher AISC at about $1,680/oz.

Newmont Corporation (NEM) concluded the recent trading session at $98.2, signifying a +1.2% move from its prior day's close.

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) will release its second quarter 2026 results after North American markets close on Thursday, July 23, 2026. A conference call to discuss the results will be held at 5:30 p.m. Eastern Daylight Time the same day, which is 7:30 a.m. Australian Eastern Standard Time on Friday, July 24, 2026. A replay of the webcast will be available through the Company's website. Webcast Details Title: Newmont's Second Quarter 2026 Result.

Gold's sharpest quarterly selloff in 13 years may offer a long-haul entry point into DRDGOLD, Newmont and Barrick Mining.

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Newmont's strong liquidity, cash flows and debt reduction support growth projects and shareholder returns as expansion plans advance.

Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.

Both Newmont and Kinross are executing strong projects and seeing cash flow gains and rising earnings estimates.