Newmont Corporation: A Global Leader in Gold Mining and Exploration

Newmont Corporation, a leading gold mine exploration and operation company, has been maintained at Sector Perform by National Bank of Canada. The company reported 5.4 million ounces of gold sold in 2023, along with significant sales of copper, silver, zinc, and lead. Newmont operates 21 production sites across North America, Australia, South America, Africa, and New Guinea. Net sales are primarily distributed in the UK, South Korea, Switzerland, Japan, the Philippines, Australia, Germany, Mexico, and other countries.

Gold prices could experience a significant rally, potentially reaching $4,000 by 2026, according to recent projections from Goldman Sachs and JPMorgan [1]. This projection suggests a swift rise from the current levels, with gold hitting $3,000 in March 2023 and expected to average $3,675 in the fourth quarter of 2025, rising to $4,000 by the third quarter of 2026 [1].

The bullish outlook is supported by strong central bank buying, particularly among BRICS nations (Brazil, Russia, India, China, and South Africa) and China's continuous increase in gold holdings [1]. These nations are exploring an alternative currency to the U.S. dollar, further boosting gold demand.

Equinox Gold Corp. (NYSE: EQX) (TSX: EQX) stands as a notable beneficiary of this gold rally. The company reported robust production results for the three months ended June 30, 2025, with a consolidated year-to-date gold production of 401,211 ounces [1]. Equinox Gold's CEO, Greg Smith, highlighted the company's strong position, citing $406 million in cash and growing production from two new long-life Canadian gold mines [1].

Newmont Corporation (NYSE: NEM) (TSX: NGT), another significant gold producer, is expected to release its second quarter 2025 results on July 24, 2025 [1]. The company reported 5.4 million ounces of gold sold in 2023, along with substantial sales of copper, silver, zinc, and lead [1]. Newmont operates 21 production sites across multiple continents, with net sales distributed globally, including the UK, South Korea, Switzerland, Japan, the Philippines, Australia, Germany, Mexico, and others [1].

Franco Nevada Corp. (NYSE: FNV) (TSX: FNV) also announced a significant acquisition, entering into an agreement to acquire an existing royalty package on the Co^te´ Gold Mine in Ontario for $1,050 million [1]. This move underscores the company's strategic focus on securing gold production.

Alamos Gold (NYSE: AGI) (TSX: AGI) reported the results of its Base Case Life of Mine Plan for the Island Gold District operation, highlighting the potential for significant growth and profitability [1]. The company's expansion study is expected to be released in the fourth quarter of 2025, detailing the substantial upside potential within the Island Gold District [1].

Barrick Gold (NYSE: B) (TSX: ABX) continues to redefine the role of mining in national development through its Twiga partnership with the government of Tanzania, delivering shared value and operational excellence [1].

Investors and financial professionals should closely monitor these developments and the broader gold market trends as they unfold.

References:
[1] https://www.baystreet.ca/articles/yahoonews.aspx?id=3782