The First US Gold Miners ETF Just Turned 20: Wall Street Says The Trade Is Still Early

Impact · against what's priced in

Newmont is benefiting from record-high gold prices and significant operational leverage, resulting in record free cash flow. The strong cash generation and reaffirmed 2026 guidance provide a catalyst for further valuation expansion.

NEM+0.70

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In context

Newmont reported record free cash flow of $3.1 billion for Q1 2026 and reaffirmed its full-year guidance, benefiting from gold prices exceeding $4,500 per ounce.

Read from the article alone

• cash flow▲6%
• earnings▲4%
• guidance
• valuation
• NEM
• etf
• gold
• mining