NEW YORK, December 29, 2025, 18:35 ET — After-hours
Newmont Corporation (NEM) shares fell about 5.6% to $99.81 in after-hours trading on Monday, in deals struck after the 4 p.m. close. The stock traded between $97.84 and $103.93, with roughly 9.6 million shares changing hands by 6:35 p.m. ET.
The drop matters because Newmont has been a key, high-volume proxy for the precious-metals trade. When the underlying metal price turns, miners often move more sharply as investors reprice expected cash flow.
It also comes in the final week of the year, when holiday-thinned liquidity and portfolio rebalancing can amplify swings. That dynamic has made late-year moves in gold-linked stocks more abrupt.
Spot gold — the cash price for immediate delivery — fell 4.5% to $4,330.79 an ounce by early afternoon after hitting a record $4,549.71 on Friday, while U.S. gold futures for February settled 4.6% lower at $4,343.60, Reuters reported. Silver dropped 9.5% to $71.66 after touching a record $83.62 earlier in the session. “We are seeing profit-taking pullbacks off of those spectacularly high levels,” said David Meger, director of metals trading at High Ridge Futures. Reuters
For Newmont, a falling gold price can pressure sentiment quickly because revenue is closely tied to realized metal prices. Investors often treat miners as “levered” bets on bullion, especially when the metal is volatile.
Other precious-metals names also slid late Monday, reinforcing the sector move. Agnico Eagle Mines fell 6.5%, Wheaton Precious Metals dropped 5.5%, and Kinross Gold was down about 5.0%.
The pullback came as Wall Street ended lower on Monday and the materials sector slipped, with precious-metal miners sliding as the rally in silver and gold stalled. Reuters
Gold’s direction matters for miners because many operating costs are relatively fixed in the near term. That “operating leverage” means a move in the gold price can translate into a larger swing in expected margins.
Investors now turn to the Federal Reserve’s minutes from its December 9–10 meeting, due Tuesday at 2:00 p.m. ET. Federal Reserve
Traders will scan the minutes for how policymakers weighed inflation progress against growth risks, and whether officials signaled comfort with looser financial conditions. Any shift in rate expectations can filter quickly into the dollar and real yields, two key inputs for gold pricing.
For Newmont stock, traders are watching the $100 level as a near-term marker after Monday’s selloff. The day’s $97.84 low is the next reference point for how much downside buyers are willing to absorb if bullion stays under pressure.
With year-end trading conditions still thin, investors expect Newmont to remain tightly tethered to moves in gold and silver into the final sessions of 2025.
