17/03/2026 09:21

Newmont Corp (NEM) $154.95

Newmont (NEM) delivered strong 4Q results, beating consensus on both earnings and free cash flow, though the market was disappointed by higher-than-expected 2026 cost guidance. Positively, the company introduced a clearer capital return framework, committing to return 100% of free cash flow if net cash exceeds $3bn, improving visibility around shareholder returns. Meanwhile, tensions remain with Barrick over the Nevada Gold Mines JV, with NEM issuing a notice of default relating to alleged mismanagement.

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03/03/2026 09:56

Active Growth Portfolio – Amendment

We are selling a stock in the Growth Portfolio today.

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03/03/2026 09:38

Newmont Corp (NEM) $187.22

We’ve highlighted Newmont (NEM), the world's largest gold producer, today as it’s a holding in the MM Active Growth Portfolio, but we could have overlayed most of the ASX gold sector similarly.

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20/02/2026 16:58

Newmont Corp (NEM) $167.60

NEM –4.91%: Posted a solid 4Q update, providing FY26 cost guidance that beat expectations, though commentary around softer production for the full year put a dampener on an otherwise decent result. 

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03/02/2026 09:29

Newmont Corp-CDI (NEM) $155.96

NEM was the main board's 2nd-worst-performing stock on Monday, courtesy of its dominant position in gold ETFs that saw big outflows; for example, it’s the largest holding in the VanEck Gold Miners ETF (GDX) with a 10.7% weighting. When markets are volatile, ETFs have a major influence on the underlying shares, selling into weakness and buying into strength.

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21/01/2026 09:43

Portfolio Amendments – Active Growth Portfolio

We are reducing equity exposure in the Growth Portfolio

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09/10/2025 09:17

Newmont Corp-CDI (NEM) $133.73

Newmont (NEM) remains inexpensive on a historical basis, with a +$150 price target easily justifiable with gold trading above $US4,000. A strong result in July pushed the stock to a three-year high, supported by a whopping quarterly free cash flow of US$1.7 billion.

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24/09/2025 09:08

Newmont Corp-CDI (NEM) $126.49

We recently took profit on our second foray this year into Evolution (EVN). We flagged the move over recent months, and when gold broke above $US3500, we took our money again with EVN having been a very profitable hunting ground for MM, as has the gold sector in general for most investors.

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09/07/2025 09:42

Newmont Corp-CDI (NEM) $92.47

We chose to look at NEM this morning due to the dramatic underperformance by the Australian gold miners in recent weeks, which has been hard to reconcile on the surface.

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17/04/2025 09:34

Newmont Corp (NEM US) $US55.95

US gold goliath NEM bought our own Newcrest (NCM) back in late 2023, and the miner has struggled in recent years, operationally, matching the misgivings of NCM. Since the acquisition, the company ADRs are now traded on the ASX, but we see better alternatives available with local names.

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