Live Updates > Live Update Details
2026-02-20 06:37:40
[Newmont, the world's largest gold miner: 2026 production expected to decline by 10%, cost control better than expected] 1. Newmont, the world's largest gold producer, expects its gold production to decline by 10% in 2026, affected by poor performance at two mines jointly operated with Barrick Gold. The company also reported record adjusted net income of $2.8 billion, or $2.52 per share, for the fourth quarter of 2025. 2. Newmont expects its total sustaining costs (AISC) to fall to $1,680 per ounce in 2026, better than analysts' expectations, demonstrating progress in cost control. The coexistence of declining production and cost optimization reflects its strategy of adjusting to the industry cycle to maintain profitability.
