Newmont Corp stock sells Nevada gold project for USD 70 million

Published on 10/07/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Newmont Corp stock was last at USD 113.74 on October 7, 2026, after the company sold a Nevada gold project for USD 70 million upfront. Q2 revenue missed consensus.

Luftaufnahme eines terrassierten Gold-Tagebaus mit Minenfahrzeugen im goldenen Abendlicht — Newmont Corporation (US6516391066): fotorealistische Luftaufnahme eines riesigen Gold-Tagebaus mit Terrassen und Lastwagen, Illustration mit AI erstellt.

Newmont Corp stock (ISIN US6516391066) was last at USD 113.74 on the NYSE on October 7, 2026 at 10:40 a.m. ET, down 2.28 percent from the prior close of USD 116.39. The latest company-linked transaction puts a USD 70 million upfront payment at the center of the mining story.

Newmont sells Nevada project

StrikePoint Gold said on October 6, 2026 that it completed the acquisition of the Northumberland Gold Project in Nevada from subsidiaries of Newmont. According to Investing News, the transaction closed with USD 70 million paid upfront, while StrikePoint also announced a C$190 million bought deal financing.

The deal reduces Newmont's exposure to a Nevada development asset and converts part of that portfolio into cash. For investors, the transaction is more relevant as a portfolio-shaping move than as a direct production change because the buyer, rather than Newmont, now controls the project.

Quarterly revenue missed estimates

Newmont's Q2 2026 revenue was USD 6.12 billion against USD 6.35 billion consensus, according to MarketBeat. The revenue shortfall contrasts with the company's reported quarterly earnings per share of USD 2.10 versus USD 2.05 expected, keeping the operating picture mixed rather than uniformly positive.

The next major checkpoint is the third-quarter report. Simply Wall St lists October 22, 2026 as the date for Newmont's Q3 results after the market close.

Analysts see a higher target

MarketBeat lists a Moderate Buy consensus from 24 analysts, with 19 Buy ratings, 3 Holds and 2 Strong Buys. Its average 12-month target is USD 134.26, with a high of USD 175.00 and a low of USD 102.00.

The market data place the stock USD 21.55 below its 52-week high of USD 135.29, while the October 7 market capitalization is USD 119.8 billion and volume is 1,062,626 shares. The current price is also USD 37.69 above the 52-week low of USD 76.05.

Newmont stock trades lower

Newmont Corp stock was last at USD 113.74 on the NYSE on October 7, 2026 at 10:40 a.m. ET, with an intraday range of USD 111.83 to USD 113.81. MarketBeat identifies the security as NYSE:NEM, while Global Banking and Finance Review assigns ticker NEM and ISIN US6516391066 to the US listing.