Newmont shifts focus to cost cuts, efficiency, and $6B buyback after a decade of expansion

Newmont Corporation, the world's largest gold miner, is shifting its strategy from acquisitions to improving operational efficiency and reducing costs. The company aims to cut general and administrative expenses by 21% by 2026 and expects higher output and margins by 2027 after a challenging 2026. Management has authorized a $6 billion share buyback, signaling a move toward consolidation. This shift leverages Newmont's gold-copper hybrid strategy to enhance margin resilience, presenting an attractive investment opportunity amid recent stock pullbacks and positive analyst price targets above $135.