Analysis: Newmont Corporation

US:NEM

Why is Newmont Corporation stock rising?

  • Red Chris block cave is moving toward Board approval and final investment decision by end-2026 after key regulatory approvals.
  • Ahafo North is expected to reach full run rate in Q4 2026, with long-term operating levels of about 350,000 ounces per year.
  • Lihir's nearshore barrier construction will ramp in Q3 2026, unlocking access to more than 5 million ounces beginning in 2028.
  • Cadia's PC2-3 panel cave is planned to be handed over to production with final drawbells by end-2026, while PC1-2 cave establishment is expected to restart later in 2026.
  • Tanami Expansion 2's underground infrastructure is expected to be completed by end-Q3 2026, with full project completion targeted in H2 2027.

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