Newmont Corporation (NYSE:NEM) shares are trading lower. The stock company reported fourth-quarter results on Thursday.
• Newmont shares are experiencing downward pressure. Why are NEM shares declining?
Earnings Top Estimates
The company reported earnings of $2.52 per share, which beat the consensus estimate of $2, and revenue clocked in at $6.82 billion, which beat the analyst consensus estimate of $6.16 billion.
The company reported an attributable gold production increase of 2% to 1,453,000 ounces compared to the prior quarter, driven by the addition of new, low-cost ounces at Ahafo North, higher grade at Tanami and Merian, and higher production from the non-managed joint venture at Nevada Gold Mines.
2026 Guidance
The company expects total attributable production of 5.3 million ounces, including 3.9 million ounces from managed operations and 1.4 million ounces from non-managed operations.
The company sees all-in sustaining costs of about $1,680 per ounce, with a gold price assumption of $4,500 per ounce.
Also, Newmont projects sustaining capital of $1.950 billion and development capital of …