Newmont shares fell 14.9% in June, according to S&P Global Market Intelligence, as gold prices tumbled more than 25% from January 2026 record highs and entered a bear market. The drop erased early-year gains, leaving the stock up only 10% in the first half of 2026, despite Newmont reporting record cash flows and doubling its share buyback program to an additional $6 billion in the first quarter. Investors grew concerned over cooling gold prices, falling production, and rising costs, with attributable gold output expected to decline to roughly 5.3 million ounces in 2026 from 5.9 million ounces in 2025 and all-in sustaining costs projected to rise to $1,680 per ounce from $1,358. The company exited the first quarter with a net cash position of $3.2 billion and is set to report second-quarter earnings on July 23.
Newmont Goldcorp CorpFalling gold production and rising costs, with attributable output expected to decline from 5.9M to 5.3M ounces and AISC rising to $1,680/oz.