Metals & Mining
Price
$128.09
-1.79%Market Cap
$135.58B
Day High
$128.86
Day Low
$126.06
In Q2 FY2026, Newmont reported 15.1% year-over-year revenue growth to $6.118B and 6.8% growth in net income to $2.202B, as sharply higher realized gold and silver prices more than offset lower sales volumes, while Cadia's seismic-related interruption and rising Ghana fiscal exposure remained notable risks.
Key risk: Higher and less predictable Ghana taxes, royalties, and regulation
The expiration of Newmont's Ghana fiscal and legal stability protections on December 31, 2025 increases exposure to tax, royalty, fiscal, and regulatory changes. The new sliding-scale mineral royalty can reach 12% depending on gold prices, and proposed mining-law changes could shorten lease terms, increase local-content obligations, and reduce investment certainty for Ahafo South and Ahafo North.