Newmont May Be Facing Lower Gold Prices And Higher Costs

Higher-for-longer interest rates are likely to pressure gold prices and Newmont Corproation's (NEM) s realized pricing over coming quarters. Rising oil prices and Ghana's new royalty regime are expected to keep Newmont's AISC above roughly 1,700 dollars per ounce in 2026. Newmont trades near 8.3x 1-yr fwd P/CFPS, representing a small discount to its historical median and broadly in line with precious metals peers.