Newmont CEO urges discipline in gold industry despite higher prices
NEM•Newmont CEO Natascha Viljoen urged gold miners to control spending and allocate capital carefully despite higher prices, saying the market offers an opportunity to benefit from expanding margins.
1. Call for cost discipline
Viljoen told a mining conference in Johannesburg that the industry should maintain cost discipline and invest wisely despite higher commodity prices. She warned that losing focus on capital allocation could lead to bad decisions when the cycle turns.
2. Gold outlook and demand
Gold reached a record $5,595 an ounce in January 2026 after rallying in 2025, the article said. It is down 4.7% so far this year as markets expect interest rates to stay higher for longer, while industry experts forecast it could reach $5,013 an ounce over the next 12 months.
3. Gold as a store of value
Viljoen described gold as a long-term store of value amid global geopolitical uncertainty and said governments, fund managers and individual investors were increasingly holding physical gold in reserves or portfolios.
