Majors production/costs: Newmont, Barrick updates amid Q1-Q2 volatile rally
Key Questions
What is Newmont's (NEM) current stock price and upcoming event?
NEM is at $112.83, dipping pre-April 23 earnings with EPS +62% and revenue +30% expected, though Q1 estimates show lower production and higher costs. It sank 1.07% recently despite market gains.
What updates are there on Barrick's Reko Diq project?
Barrick delayed Reko Diq to mid-2027 due to Pakistan security issues, Iran war impacts, and Q1 AISC hikes reported May 6. Gold sales rose 15% in Q4 2025.
How resilient are top miners amid volatility?
Top 50 miners added $250B in 2026, powering through Iran war and NFP data. They maintain strength in Q1-Q2 rally.
What are analysts saying about Newmont?
Wall Street Zen downgraded NEM to Hold citing market conditions. Reports highlight record cash flow amid volatility and potential to beat earnings estimates.
Why is Newmont stock gaining or sinking?
NEM gained on gold price recovery but sank as market gained due to Q1 concerns. Scenario analyses cover precious metals miners at different gold prices.
What Q1 challenges face majors like Newmont and Barrick?
Newmont faces down Q1 production/cost estimates despite overall growth. Barrick deals with project delays and AISC increases amid geopolitics.
Can Newmont beat earnings again?
Newmont has a streak of beating estimates and is positioned well for the next report. Analyst reports are positive on fundamentals.
How do top miners compare in performance?
Top 50 miners show resilience with combined value up significantly YTD. Firms like Wheaton and Agnico Eagle lead top stocks lists.
NEM $112.83 dip pre-Apr23 earnings EPS+62%/rev+30% but Q1 ests down costs/prod; Barrick Reko Diq delay mid-2027 Pakistan security/Iran war/Q1 May6 AISC hikes; top50 resilient power through NFP/vol.