Newmont drops 3% as gold slips and 2026 ‘trough year’ outlook lingers
Newmont shares fell as gold prices weakened on April 13, 2026, pressuring expected near-term cash flow for gold miners. The drop also reflects lingering investor focus on Newmont’s 2026 outlook calling for roughly 5.3 million attributable gold ounces and higher cost levels versus prior-year production.
1. What’s moving the stock today
Newmont (NEM) slid about 3% in Monday trading (April 13, 2026) as gold prices softened, dragging the large-cap gold-miner group lower. When gold pulls back, miners often fall more than the metal because profits and free cash flow can compress quickly due to largely fixed operating and sustaining-capex requirements. (moneyweek.com)
2. Why the selloff has extra bite for Newmont
The move comes with investors still sensitive to Newmont’s 2026 setup, which the company has framed as a lower-output year: about 5.3 million ounces of attributable gold production in 2026, alongside cost pressures embedded in guidance. Newmont has also flagged that 2026 guidance incorporates lower-than-expected production from Nevada Gold Mines and Pueblo Viejo based on indications from the joint-venture managing partner. (newmont.com)
3. What to watch next
Next catalysts include any further movement in gold prices and how investors position ahead of Newmont’s upcoming quarterly report (scheduled for after the close on April 23, 2026). Traders will be looking for signs that operational delivery, costs, and capital returns are tracking to the 2026 framework after the recent guidance reset. (fool.com)