Gold's brief move above $5,000 earlier this year showed how quickly the metal can swing when fear and inflation worries rise. The article highlights three gold miners with tight cost control and clean balance sheets and notes the full Elite Gold Stocks screen covers 32 more. Newmont (NEM), a large global miner with a market cap of US$118.9b, mainly produces gold from long-life deposits, and its focus on operational stability, cost discipline and productivity gains at sites such as Lihir and Boddington is expected to lower operating costs and improve EBITDA margins. DRDGOLD (DRD), with a market cap of US$2.1b, recovers gold from surface mine tailings in South Africa, reporting ZAR 11,159 million of FY2026 revenue, a 38.1% net margin and 33.4% ROE. Investors would need to weigh whether its capital efficiency holds up under expansion funding pressure and shifts in non-cash earnings quality.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
goldminingNewmontinflationearnings
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Newmont And 2 Gold Stocks To Improve Your Portfolio
The article notes that U.S. interest costs have reached a record $1t a year, raising investor concern about currencies and inflation and drawing attention to low-cost, financially solid gold miners. It highlights three stocks from the Elite Gold Stocks screen. Newmont (market value about $120.6b) draws revenue from large assets such as NGM (about $4.4b), with operational stability and cost discipline expected to improve EBITDA margins. Agnico Eagle Mines (market value about $95.0b) runs long-life, lower-cost mines, generating about $1.3b of free cash flow in Q2 2026, with all-in sustaining costs hundreds of dollars per ounce below the industry average. Franco-Nevada, a royalty and streaming company, earns about $2.0b from precious metals and has a market value near CA$65.9b, with record gold prices and acquisitions supporting its growth.
- Newmont Sinks 4%4 Despite Record Third-Quarter Profit as Gold Slides Back Toward $4,000
Newmont (NEM) shares fell 4% today despite record third-quarter results, with adjusted EPS of $2.20 beating the $1.94 consensus by 13%. Gold slid nearly 3% on Thursday to about $4,020 an ounce, its lowest since early August, and briefly dipped below $4,000 this morning, dragging down the stock and the VanEck Gold Miners ETF (GDX). Newmont sold gold at an average of $4,317 an ounce in the quarter, but its 2026 guidance assumes $4,500, and fourth-quarter AISC is expected to rise to $1,900 an ounce as development spending on the Red Chris project increases by about $500 million next year. At $4,000 gold and $1,900 AISC, the company would keep about $2,100 an ounce, close to its 2025 level, though the author expects 2027–2028 estimates to drift lower if gold stays near $4,000. The author argues the selloff is overdone, with the stock trading around 11x forward earnings versus a five-year average of 16x.
- Newmont Q3 Earnings Call Highlights
Newmont reported a stable third quarter, generating $1.9 billion of free cash flow in the quarter and $7.3 billion over the first nine months of 2026. The company returned about $1.9 billion to shareholders and improved its full-year all-in sustaining cost outlook to approximately $1,520 per ounce, while gold all-in sustaining costs were $1,454 per ounce in the third quarter. It expects fourth-quarter gold production of 1.4 million ounces, its strongest quarter of 2026, but all-in sustaining costs are expected to rise to about $1,900 per ounce due to the timing of sustaining capital, lower silver co-product credits at Peñasquito and fuel costs. Total portfolio production is projected to rise by a low- to mid-single-digit percentage in 2027, and a funding decision on the Red Chris Block Cave project is expected early next year, with commercial production targeted for 2033.
- Gold Miner Newmont Stock Rises on Expected Return to Growth in 2027
- Is There A Risk Hiding In Newmont Stock's Strong Cash Flow?
Newmont (NEM) generated $2.2 billion of free cash flow in Q2 2026, its highest for any second quarter, as higher gold prices lifted margins. Sustaining spending on its mines is planned to rise in the second half, with about 58% of 2026 sustaining spending falling in that period, tied to key programs at Boddington and Cadia. Newmont spent $438 million on sustaining and $285 million on new projects in Q2, and expects 63% of its 2026 development spending in the second half. Management said the Red Chris project may cost more than Newcrest's original estimates, on top of the $1.4 billion 2026 development guidance, with a funding decision due later in 2026 or early 2027. Newmont ended Q2 with $3.4 billion of net cash, modestly above its target range of $1 billion ±$2 billion, and the article treats the rising bill as a risk to weigh rather than an alarm.
- Newmont And 2 Other Great Undervalued Stocks
Evercore highlighted credit and Treasury yield levels that could trigger a shakeout in highly priced AI stocks, which leaves investors exposed to companies that rely heavily on borrowed money. The article covers three undervalued cash flow stocks from a screener that surfaced 458 more companies. Newmont, a global gold producer with a market value of about US$118.9b, is focused on operational stability, cost discipline and productivity, which is expected to lower operating costs and improve EBITDA margins. Berkshire Hathaway, valued near US$1.2t, draws cash flow from insurance, manufacturing (about US$83.0b), BNSF rail (US$24.6b) and retailing and services (US$44.7b), and its cash and short-term Treasuries reached a record US$397.4 billion.
Related markets
Latest news
- This Dividend Winner Just Announced Its 676th Consecutive Monthly Dividend. Is It Worth a Look?
Realty Income (O) announced its 676th consecutive monthly dividend of $0.2715 per share, or $3.258 annualized. The REIT manages about 15,500 properties across all 50 U.S. states, the UK and eight other European countries, with top tenants Dollar General, Walgreens and 7-Eleven. It has raised its dividend for 31 consecutive years, qualifies as a Dividend Aristocrat®, and its yield stands at 5.95%. The stock is down almost 3% so far this year, versus a gain of more than 13% for the S&P 500, and has fallen about 7% over the past 52 weeks; as a REIT reliant on debt, it faces headwinds as the Federal Reserve begins a rate-hiking cycle. The author views it as a stock income investors should consider, noting it is cheaper than it has been in a while.
- Elon Musk Just Gave Fantastic News for Nvidia Investors
SpaceX (SPCX) reported revenue up 161% and net income of $4.4 billion, its first quarterly profit. Its AI business, now called SI (Super Intelligence), saw sales rise 835% year over year, driven by compute deals, the acquisition of coding company Cursor and enterprise adoption of the Grok model, and it posted $431 million in operating income. The company rents compute power from its Colossus I cluster, with agreements with Alphabet and Anthropic worth $920 million and $1.2 billion in monthly revenue, respectively. Musk said Colossus II will mainly use Nvidia's Vera Rubin infrastructure, requiring 440,000 Vera Rubin computers for optimal training. Musk thinks SpaceX could reach $500 billion to $1 trillion in Annual Recurring Revenue (ARR) by the end of 2027, while Nvidia CEO Jensen Huang forecast $1 trillion in sales through 2027 from Blackwell and Rubin, and Wall Street expects Nvidia sales of $692 billion next year, a 68% increase. The author views Musk's use of full Vera Rubin computer systems as good news for Nvidia.
- Could Buying XRP Today Set You Up for Life?
The article notes XRP rose from under $0.50 in 2024 to a $3.65 peak in July 2025 before giving back much of those gains, trading at $1.38 as of Oct. 21. Although Ripple was valued at $50 billion after a $750 million share buyback offer in March 2026, XRP is only a bridge currency in one of Ripple's payment products, and fewer than 10 of the over 300 financial institutions using Ripple are reported to use XRP. Spot XRP ETFs launched in November 2025 with about $1.6 billion in AUM, but XRP's price has declined for much of the past year, and the Clarity Act failed to pass the U.S. Senate. With a market cap of about $87 billion, XRP would need to reach about $8.7 trillion to become a 100-bagger, and the author is skeptical of it as a long-term investment, suggesting Ripple could be more interesting if it goes public. The author takes a cautious approach, noting XRP can move quickly both up and down.
- SLB (SLB) Opens Canada Facility After Data Center Win Changed The Story
SLB (NYSE:SLB) is launching a modular data center infrastructure facility in Canada to serve Meta as a modular partner, handling offsite assembly, installation and commissioning of components for Meta data centers. The move extends the energy services provider, with a market value of about $73.5 billion, beyond its oilfield focus into hyperscale digital infrastructure, drawing on its experience with large industrial projects. The article links the project to SLB's Data Center Solutions segment, which alongside Kelvion is targeted to generate US$4.5b to US$5.0b of data center revenue and US$700m to US$800m of adjusted EBITDA in 2028, and says reaching these goals depends on smooth integration and on hyperscale contracts ramping as planned. Key indicators to watch include how SLB reports this segment, particularly backlog tied to Meta and other hyperscalers, the margin impact of ramp-up costs, and progress toward the Canadian facility's planned opening in the first half of 2027.
- The Nasdaq Just Had Its Worst Day in 4 Months. Here's the Level That Would Signal a Correction, and What History Says Investors Can Do About It.
The Nasdaq Composite fell 2.6% on Oct. 22 to close at 26,008.86, its largest drop since a 4.2% decline on June 5. A correction, a fall of at least 10% from the highs, would require a further 4.1% drop to below 24,950, which would mark the third correction this year. Corrections have been occurring more frequently, but recoveries have generally been quick, with the 2022 to early 2024 slump the main exception. The article attributes the choppier market to fast-spreading information, easy trading, and concentration in AI-linked mega-cap stocks that make up much of the S&P 500. It says holding quality companies, index funds, or ETFs is the simplest way to endure corrections, and suggests reviewing whether large positions are highly correlated.
- Oklo Is Down 61% This Year Despite a Real Technical Milestone. Here's the Disconnect Between the Stock and the Science.
Oklo stock has fallen more than 60% this year, and the VanEck Uranium and Nuclear ETF (NLR) has dropped 25%, as Wall Street has grown less confident about nuclear stocks. Oklo's AI power opportunity, once its main tailwind, has become a headwind as investors question whether spending on AI infrastructure will deliver big returns. The company has reached technical milestones, including first criticality of its Groves test reactor in Texas in August, NRC approval of principal design criteria for its Aurora powerhouse in May, and DOE approval of a preliminary safety analysis for a reactor in Idaho. However, Oklo remains unprofitable, is still burning cash, and lacks regulatory approval for Aurora, whose planned 2028 launch is not guaranteed given its history of delays. The author suggests a small speculative position may fit some investors, while less aggressive investors may prefer other growth stocks.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.