Newmont Corporation reported record results for 2025, with $22.7 billion in revenue, $7.3 billion in free cash flow, and 5.9 million ounces of gold produced at a competitive cost of $1,358 per ounce. The company also benefits from copper and silver by-product credits. For 2026, Newmont expects to produce 5.3 million ounces of gold at a slightly higher cost of $1,680 per ounce but maintains attractive profit margins. With a strong balance sheet featuring $2.1 billion in net cash and a $3.4 billion capital return plan, Newmont remains a buy for investors seeking risk-adjusted gold exposure, trading at a forward P/E of 10.8 times, which is favorable compared to historical averages.
