By Janet H. Cho

Gold mining company Newmont Corp. posted its fifth straight earnings and revenue beat for the fourth quarter on Thursday afternoon.

Newmont's shares were rising 0.5% late Thursday after closing up 0.6% to $125.40 in regular trading.

For the fourth quarter ended Dec. 31, Newmont reported adjusted earnings of $2.52 a share, on sales of $6.82 billion. That includes $5.81 billion in gold sales, up 20% from the prior-year's fourth quarter.

Wall Street had expected earnings of $2.05 a share on sales of $6.19 billion, according to FactSet.

For the full year 2025, Newmont reported adjusted earnings of $6.89 a share on sales of $22.67 billion. That includes $19.3 billion in gold sales, up 23% from a year earlier.

For full-year 2025, analysts were projecting earnings of $6.53 a share on sales of $22.07 billion.

Newmont said it achieved full-year 2025 production of 5.7 million attributable gold ounces from its core portfolio, for a total of 5.9 million attributable gold ounces, as well as 28 million ounces of silver and 135 thousand tonnes of copper. It reported an average realized gold price of $3,498 an ounce, up 45% from $2,408 at the end of 2024.

President and CEO Natascha Viljoen called 2025 a milestone year for Newmont, "as we delivered on our full-year guidance, strengthened our financial position and made meaningful progress on our commitments," including delivering a record $7.3 billion in free cash flow, generating $3.6 billion from portfolio optimization, returning $3.4 billion to shareholders, reducing debt by $3.4 billion, and closing the year in a strong net cash position.

Newmont outlined its capital spending plans for this year and raised its quarterly dividend, saying it is "entering 2026 with a clear focus on continuing to drive margin expansion and generate robust free cash flow from our unrivaled portfolio of world-class operations and projects," Viljoen said.

For full-year 2026, Newman forecasts attributable production of approximately 5.3 million gold ounces, including more than 3.9 million gold ounces from Newmont's managed operations.

The company plans sustained capital spending of $1.95 billion, including infrastructure and other projects and ongoing mine development. It plans another $1.4 billion of investments for its most profitable near-term projects, including two operations in Australia.

Newmont's board of directors has declared a dividend of 26 cents a share of common stock, payable on March 26 to holders of record at the close of business on March 3.

The stock is up 25.6% so far this year, and up nearly 161% over the past 12 months.

Denver-based Newmont is the world's largest gold producer, as well as a producer of copper, zinc, lead, and silver. Newmont was named a Barron's stock pick in August 2025, identified as "a good option for investors to capture exposure to rising precious metal prices within a diversified portfolio."

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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February 19, 2026 17:16 ET (22:16 GMT)

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