Vancouver, British Columbia - TheNewswire - February 23, 2026: Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) (the "Company" or "Headwater") is pleased to announce the completion of drill programs at the Lodestar and TJ projects located in Nevada, United States.  Lodestar drilling was 100% funded by Newmont Corporation (“Newmont”) (NYSE: NEM, ASX: NEM, PNGX: NEM) through an earn-in agreement announced on May 9, 2023.  TJ drilling was 100% funded by OceanaGold Corporation (“OceanaGold”) (TSX: OGC, OTCQX: OCA ...

Group 1 - Newmont Corporation's shares declined on February 20 following the release of Q4 results, with production opportunities being a focal point of concern [1] - The decline in share price is noted to be less significant compared to the recent strong rally in the market [1] Group 2 - The article does not provide additional relevant content regarding the company or industry [2][3]

每经AI快讯，2月20日，纽蒙特公司公布2025年第四季度财报后，股价下跌2.2%。 （文章来源：每日经济新闻） ...

Core Insights - Newmont Corporation (NEM) reported fourth-quarter 2025 earnings of $1.19 per share, a decrease from $1.24 in the same quarter last year, but adjusted earnings rose to $2.52 per share from $1.40, exceeding the Zacks Consensus Estimate of $2.03 [1][8] Financial Performance - Revenues for the fourth quarter reached $6,818 million, a 20.6% increase from $5,652 million in the prior-year quarter, surpassing the Zacks Consensus Estimate of $6,056 million, driven by higher realized gold prices [2][8] - The company's cash and cash equivalents stood at $7,647 million, up 111.3% year over year, while long-term debt decreased by 32.3% to $5,115 million [5][8] Operational Highlights - Attributable gold production for the fourth quarter was 1.45 million ounces, a 2% increase from the previous quarter but down 23.7% year over year, exceeding the estimate of 1.42 million ounces [3][8] - Average realized gold prices increased by 59.5% year over year to $4,216 per ounce, surpassing the estimate of $3,560 per ounce [3][8] Cost Analysis - Costs applicable to sales (CAS) for gold were $1,166 per ounce, a 6.4% increase year over year, but below the estimate of $1,175 per ounce [4] - All-in-sustaining costs (AISC) for gold rose by 10.7% year over year to $1,620 per ounce, higher than the estimate of $1,531 per ounce [4] Future Outlook - Newmont anticipates gold production for 2026 to be approximately 5.26 million ounces, with projected total CAS for gold at $1,055 per ounce and AISC at $1,680 per ounce [6] - General and Administrative expenses for 2026 are expected to be around $375 million, with reclamation and remediation accretion projected at $385 million and exploration expenses at $525 million [6] Stock Performance - Newmont's shares have increased by 176.6% over the past year, outperforming the industry average rise of 144.4% [7][8]

Economic Indicators - US stock index futures experienced a slight decline ahead of key economic data releases and a potential Supreme Court ruling on Trump's tariff policies [2][12] - The upcoming US Q4 GDP report is expected to show a growth of 2.5%, down from a previous 4.4% in Q3 [3][12] - The PCE price index is anticipated to rise by 2.8% year-over-year, with the core PCE expected to increase by 3% [3][12] - There is a division among Federal Reserve policymakers regarding concerns over the labor market and inflation, with inflation rates still above the Fed's 2% target [3][12] Market Reactions - The market is currently stagnant, awaiting catalysts such as the Supreme Court ruling and Nvidia's upcoming earnings report, which may induce volatility [4][13] - The S&P 500 index has remained flat year-to-date, while the Nasdaq index has seen a decline, indicating sector rotation and broadening market participation [4][13] Corporate Earnings and Performance - Grail's stock plummeted by 47% after its drug trial failed to meet primary endpoints [16] - Opendoor Technologies' stock surged by 19% following a Q4 revenue of $736 million, exceeding market expectations of $549 million [16] - Akamai Technologies' stock fell approximately 10% due to Q1 earnings guidance that did not meet expectations [16] - Comfort Systems reported a Q4 EPS of $9.37, surpassing expectations of $6.75, with revenue of $2.65 billion, significantly above the forecast of $2.34 billion [18] Tariff Impact on Businesses - JPMorgan's report indicates that US mid-sized businesses have been severely impacted by tariffs, with monthly tariff expenditures tripling since early 2025 [15] - Tariff expenditures account for about 10% of international spending for all mid-sized US businesses, rising to approximately 15% for those paying tariffs [15] - Research shows that US businesses and consumers bear 96% of the tariff costs, with 43% of these costs passed on to consumer prices [15][7] Commodity Prices - Goldman Sachs forecasts that gold prices will gradually rise to $5,400 per ounce by the end of 2026, driven by central bank demand and increased private investment [5][14]

Group 1: Gold Market - Gold prices increased, with April futures rising 0.76% to $5,035.50 per ounce, while spot gold rose 0.54% to $5,021.71 per ounce [2] - Despite the increase, gold remains on track for slight weekly losses [2] Group 2: Silver Market - Silver futures for March delivery advanced 1.28% to $78.63 per ounce, and spot silver gained 0.68% to $78.88 [3] Group 3: Other Precious Metals - Spot palladium increased 0.17% to $1,696.55, and platinum rose 0.46% to $2,090.50 per ounce [4] Group 4: US Dollar Index - The US Dollar Index held steady at 97.98, indicating stable performance against a basket of six major currencies [5] Group 5: Newmont Corporation - Newmont Corporation, the largest gold miner, expects a 10% decline in gold production this year due to planned development work at several mines [6]

Core Insights - The Australian stock market experienced a mixed performance, with the S&P/ASX 200 index closing down slightly but gaining 1.8% for the week, supported by strong corporate earnings from major companies like BHP and National Australia Bank [5]. Company Performance - BHP and National Australia Bank reported solid earnings, contributing to market rallies, while investors are now anticipating results from Woodside Energy, Woolworths, Coles, and Qantas [5]. - QBE Insurance Group saw a significant increase of 7.1% in its stock price, closing at $21.480, while Suncorp Group faced declines after missing earnings expectations [5]. - The top five gainers on the S&P/ASX 200 included Telix Pharmaceuticals Limited (up 14.238%), QBE Insurance Group (up 7.078%), Austal Limited (up 5.527%), Paladin Energy Ltd (up 5.442%), and Bega Cheese Limited (up 5.314%) [2][5]. Sector Performance - The utilities sector was the best-performing sector, gaining 0.73% on the day and 1.04% over the past five days, while six out of eleven sectors ended lower [4][5]. - The mining sector fell by 0.7% due to Rio Tinto's 3.1% decline after reporting an annual profit that missed estimates, although the subindex advanced 0.9% for the week, supported by positive earnings from BHP [5].

Newmont sent Barrick a so-called notice of default after finding evidence of alleged mismanagement at a Nevada joint venture, escalating tensions between the partners in a key mining region. https://t.co/paRhJkmqQS ...

Core Insights - Newmont Corporation reported a revenue of $6.82 billion for the quarter ended December 2025, marking a 20.6% increase year-over-year and exceeding the Zacks Consensus Estimate of $6.06 billion by 12.58% [1] - The company's earnings per share (EPS) reached $2.52, significantly higher than the $1.40 reported in the same quarter last year and surpassing the consensus estimate of $2.03 by 24.29% [1] Financial Performance Metrics - The All-In Sustaining Cost (AISC) for total gold was reported at $1,302 per ounce, lower than the average estimate of $1,601.7 per ounce from three analysts [4] - Attributable gold production totaled 1,453.00 Koz, exceeding the average estimate of 1,402.96 Koz from three analysts [4] - The average realized price for gold was $4,216 per ounce, higher than the average estimate of $3,856 per ounce from two analysts [4] - The average realized price for copper was $6.04 per pound, surpassing the average estimate of $4.67 per pound from two analysts [4] - Attributable gold ounces sold were 1,378.00 Koz, exceeding the average estimate of 1,270.67 Koz from two analysts [4] - The AISC for Nevada Gold Mines was reported at $1,508 per ounce, lower than the average estimate of $1,565.6 per ounce from two analysts [4] Stock Performance - Newmont's shares have returned +4.9% over the past month, contrasting with a -0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - In Q4 2025, Newmont generated $2.8 billion in free cash flow, contributing to a total of $7.3 billion for the full year, marking record earnings and free cash flow on both a quarterly and annual basis [9] - The company achieved a 4% increase in its quarterly common dividend, reflecting a commitment to enhance shareholder returns [7] - General and Administrative (G&A) costs were improved by $100 million, equating to a 21% improvement for 2026 [9] Business Line Data and Key Metrics Changes - Newmont produced 5.7 million ounces of gold, 28 million ounces of silver, and 135,000 tons of copper from its core portfolio in 2025 [8] - The company achieved commercial production at Ahafo North, contributing over 300,000 ounces of gold production in 2025 [9] Market Data and Key Metrics Changes - The gold reserve base stands at 180 million ounces, with an additional 149 million ounces of gold resource, representing approximately 40 years of production life [12] - The reserve price assumption for 2025 was increased from $1,700 per ounce to $2,000 per ounce, remaining conservative compared to the three-year trailing average [12][13] Company Strategy and Development Direction - Newmont's strategy focuses on safety, efficiency, operational consistency, and enhancing shareholder returns through predictable capital returns [4][5] - The company is advancing a mine life extension program at Lihir and completing a feasibility study for the Red Chris block cave [11] - The capital allocation framework prioritizes sustaining capital and dividends, with excess cash allocated to share repurchases [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a volatile macroeconomic environment while focusing on disciplined investment and long-term value creation [38] - The company anticipates a production trough in 2026 due to planned mine sequencing, with a return to growth expected in 2027 [25][31] Other Important Information - An investigation is underway following a fatal incident at the Tanami operation, emphasizing the company's commitment to safety [8] - Newmont's exploration program is focused on near-mine and brownfields opportunities, with promising results at Brucejack and Ahafo South [16][18] Q&A Session Summary Question: CapEx and potential upside through Red Chris and Merian - Management confirmed that capital guidance remains at $1.1 billion for sustaining capital and $1.3 billion for development capital, with updates on Red Chris expected later in the year [41][43] Question: Long-term growth targets of six million ounces - Management indicated that better guidance on achieving the six million ounces target will be provided towards the end of the year [49] Question: M&A views and current gold price environment - Management expressed satisfaction with the current asset portfolio and emphasized a disciplined approach to evaluating potential M&A opportunities [51] Question: Capital allocation and buyback commitments - Management confirmed that excess cash would be returned to shareholders through buybacks, with a disciplined approach to capital allocation [54][55] Question: Nevada Gold Mines performance and maximizing shareholder value - Management highlighted ongoing discussions with JV partners to improve performance and maximize shareholder value [60][61] Question: Cost guidance and inflation drivers - Management noted that costs attributable to sales have remained constant year on year, with significant cost savings initiatives contributing to a $100 per ounce reduction in costs [72][74]