MarketBeat
25 Oct 2026, 16:07 UTC · 2h ago
Newmont's Record Quarter Shows Why Gold's Floor Is the Real Story
Impact · against what's priced in
Newmont's record Q3 results and strong cash flows are largely priced in, while new guidance for a sharp rise in Q4 AISC to $1,900/oz confirms market fears regarding cost inflation. The stock's resilience now depends on whether the $4,000 gold floor holds, as the market currently declines to pay for a sustained gold price above $4,400/oz.
- NEM−0.10
Already priced in
- The price assumes
Current free cash flow margins near 33%
The record Q3 earnings and $1.9 billion in free cash flow confirm the strong margins the market already assumes, but the spike in Q4 AISC guidance to $1,900/oz validates the risk of cost inflation the price is wary of.
What NEM's price assumes · Sep 11
