Metals & Mining
Price
$97.04
+4.01%Market Cap
$103.6B
Day High
$97.77
Day Low
$95.50
NEM delivered a standout Q1 FY2026 with revenue surging 45.8% YoY to $7.31B and net income jumping 72.5% to $3.26B, driven by strong operational performance and a near-doubling of cash on hand to $8.78B.
Key risk: Commodity Price Volatility
NEM's revenues and profitability are highly sensitive to gold and other precious metal prices, which can fluctuate significantly due to macroeconomic, geopolitical, and currency factors. The current elevated net margin of 44.6% could compress rapidly if gold prices decline. A sustained drop in realized prices would materially impact cash flows and asset valuations.