Newmont stock faces higher spending as projects advance

Newmont stock traded at 96.58 euros on Lang & Schwarz at 16:43 CET on Tuesday, November 3, 2026. That was 1.57 percent below the 98.12-euro quote at 17:01 CET in the latest relevant report published on Monday, November 2.

The company's operating outlook remains centered on Tanami Expansion 2 in Australia and the Red Chris copper-gold project in British Columbia. Newmont's October 22 results release reported record adjusted third-quarter earnings and strong free cash flow.

Tanami advances toward production

Tanami Expansion 2 has completed shaft construction and is progressing ahead of schedule. Commercial production is now expected in the first half of 2027, supporting the company's plans to improve underground productivity as it moves beyond the production trough expected in 2026.

Red Chris awaits investment decision

At Red Chris, the feasibility study is nearing completion. Newmont expects a full-funds investment decision in early 2027, subject to governance approval, and owns 70 percent of the joint venture.

The project plan calls for development capital of 4.2 billion to 4.8 billion US dollars. Targeted annual output during the 2035-to-2040 period is 275,000 to 325,000 gold ounces and 65,000 to 85,000 tonnes of copper.

Capital allocation stays in focus

Newmont expects attributable gold production to grow by a low-to-mid single-digit percentage in 2027. Development capital is expected to rise by approximately 500 million US dollars from 2026 levels as Red Chris and the Lihir Nearshore Barrier project advance.

For investors, strong cash generation and a larger project pipeline put execution, approvals, construction costs and metal prices at the center of the outlook. See the real-time quote of Newmont stock for the latest trading indication.

Broader US equities remain the relevant market backdrop for Newmont's NYSE-listed shares; see current S&P 500 market reports.

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