Newmont Stock Surges on Gold’s Record Run and Strategic Execution

The remarkable ascent of Newmont shares in 2025 has positioned the mining giant as a standout performer within the S&P 500. This impressive rally is fueled by a powerful combination of record-high gold prices and the company's disciplined operational and financial strategy.

A primary driver behind Newmont's strength is the unprecedented surge in gold prices. Sustained central bank purchasing, coupled with growing investor demand for safe-haven assets amid shifting global interest rate expectations, has propelled the precious metal to all-time highs. This environment has significantly expanded profit margins across Newmont's operations.

Concurrently, the company is boosting its production pipeline. Its Ahafo-North project in Ghana has now achieved commercial production. The operation is anticipated to contribute approximately 50,000 ounces of gold in 2025, with a further ramp-up expected in 2026. This additional output arrives at an opportune moment, allowing Newmont to convert historically high gold prices directly into increased revenue and cash generation.

Financial Discipline and Portfolio Management

Beyond expanding its core mines, Newmont continues to optimize its asset portfolio. Recent agreements for the partial divestment of its stake in Fuerte Metals Corporation will generate gross proceeds of roughly 29.5 million CAD (approximately 22 million USD).

This transaction aligns with a broader strategy to monetize non-core assets and strengthen the balance sheet. Recent reports indicate sustained interest from institutional investors, with ETFs and asset managers visibly adjusting their positions within the commodities sector to capitalize on the tailwind for precious metals and mining equities.

Should investors sell immediately? Or is it worth buying Newmont Mining?

Outperforming the Broader Market by a Wide Margin

In 2025, Newmont's stock performance has decisively outpaced the broader market. Since the start of the year, the share price has recorded a gain exceeding 170%, ranking it among the top performers in the S&P 500. This advance builds upon an already solid foundation.

The company reported a record quarterly free cash flow of 1.6 billion USD in Q3, demonstrating the robust performance of its existing mines in a high-price environment. Newmont's concurrent focus on cost control amplifies this financial strength. While many peers face cost pressures, Newmont's emphasis on Tier-1 assets and operational efficiency ensures that higher revenues translate more directly into shareholder returns, including dividends.

This is reflected in a clear upward price trend. The stock recently closed at 89.29 Euros, marking a year-to-date increase of roughly 139% in Euro terms. Trading near 52-week highs, the shares currently stand about 46% above their 200-day moving average, presenting a technically robust picture.

Technical Perspective and the Road to 2026

From a charting standpoint, Newmont's 2025 rally has broken through previous resistance levels, entering a phase of price discovery where few relevant historical benchmarks remain. Following this rapid advance, a mild mid-week consolidation occurred as short-term investors locked in profits. The 14-day Relative Strength Index (RSI) reading of 35.6 suggests this recent pullback has already alleviated some overbought conditions.

Fundamentally, analyst sentiment remains positive. The focus centers on the sustainability of the current gold bull market and Newmont's continued disciplined capital allocation. A key date to watch is February 2026, when the company will report Q4 and full-year results and provide updated guidance on production costs and capital returns, including its dividend policy. As long as the gold price maintains its footing above the recent breakout zone around $4,000 per ounce, this macro backdrop will continue to support Newmont's upward trajectory.