Newmont beats third-quarter earnings expectations as higher gold sales boost profits; miner raises 2026 cost outlook

Impact · against what's priced in

Newmont's Q3 results provide concrete evidence for the margin expansion and profit growth the market had previously declined to price in. The combination of a significant EPS beat and lowered full-year AISC guidance directly validates the bull-case scenarios the stock was ignoring.

NEM+0.40

Challenges what's priced in

The price assumes

The company achieving the 47% profit and 25% revenue growth analysts project for FY2026