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Newmont (NEM) Beats Q3 Earnings Estimates Amid Gold Market Rally

Newmont (NEM) Beats Q3 Earnings Estimates Amid Gold Market Rally

Author:

Global Cryptocurrency

Published:

2025-10-23 21:42:02

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BTCCSquare news:

Newmont Corporation, the world's largest Gold miner, reported third-quarter earnings that surpassed analyst expectations. EPS of $1.71 outperformed the $1.44 consensus, while revenue reached $5.52 billion against forecasts of $5.19 billion.

The results come as gold prices achieved record highs during the quarter, briefly surpassing $4,000 per ounce. Despite recent volatility in gold markets and a pullback in NEM shares, the stock remains up 140% year-to-date.

Wall Street maintains a bullish long-term outlook on gold, viewing the recent price correction as temporary profit-taking rather than a trend reversal. Newmont's consistent earnings beats this year underscore the mining giant's operational strength in favorable market conditions.

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