New York, Jan 26, 2026, 16:29 ET — After-hours
Newmont Corporation shares climbed 1.3% to $125.92 in after-hours trading Monday, following an intraday range from $125.69 to $130.55. Trading volume hit roughly 13.1 million shares.
The surge came amid a fresh rush into physical gold bullion, driving prices past $5,100 an ounce, a new record. Investors flocked to the metal as a safe haven amid growing turmoil. Kyle Rodda, senior market analyst at Capital.com, noted, “The latest catalyst is effectively this crisis of confidence in the U.S. administration and U.S. assets.” Spot gold climbed 2.2% to about $5,090, after jumping 64% in 2025—the largest yearly gain since 1979, Reuters reported. (Reuters)
When gold prices surge, miners often see their margins expand quickly since selling prices outpace many operating costs. Newmont climbed about 3% earlier Monday. Barrick Mining rose 2.3%, while Canadian players Agnico Eagle and Kinross also moved higher, Reuters reported. “It is difficult to see what really forces this market to roll over,” said City Index analyst Fawad Razaqzada. (Reuters)
Analyst moves sparked more buying. Scotiabank bumped its price target on Newmont up to $152 from $114, maintaining an Outperform rating, according to a note shared by TheFly. The bank upped its gold and silver forecasts, citing economic uncertainty and central-bank purchases. (TipRanks)
This is crucial for Newmont since cash flow and capital returns usually follow the gold price, and sharp swings can quickly impact dividend and buyback potential. Gold doesn’t offer interest, which means it often attracts more investment when rates are expected to fall and the dollar weakens.
Company-specific hiccups are still causing headaches despite bullion hitting record highs. Newmont reported earlier this month that its Boddington mine in Western Australia has resumed operations following bushfires, but the processing plant will operate at reduced capacity until water infrastructure is fixed. The company expects a production shortfall of about 60,000 ounces in the first quarter. (Newmont Corporation)
The rally, however, puts miners at risk if gold takes a sharp dip, particularly as profit-taking may accelerate following the metal’s steep climb. A stronger dollar or hawkish signals on interest rates could swiftly dampen demand for precious metals.
Investors will turn their attention to Newmont’s quarterly earnings on Feb. 19, released after North American markets shut. They’ll be looking for updates on production, cost guidance, and any shifts in capital returns. The company will hold a conference call at 5:30 p.m. ET that evening. (Newmont Corporation)
