Newmont’s Strong Earnings Overshadowed by Bleak Outlook

While Newmont Mining, the world’s largest gold producer, announced impressive third-quarter results that shattered analyst expectations, its stock experienced a dramatic sell-off. Instead of celebrating record-breaking free cash flow and profits that surpassed forecasts, investors headed for the exits, driving the share price down nearly 8% over the week and pushing it toward the €70 mark.

The primary catalyst for the market’s negative reaction was not the recent performance but the company’s future guidance. Newmont’s production target for 2026, set at approximately 4.0 million ounces, landed at the low end of its previous range and fell significantly short of market expectations. This disappointing outlook has sparked substantial concerns over the Read more...