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NEM's Earnings and Sales Top Estimates in Q4 on Higher Gold Prices
ZACKS· 2026-02-20 14:30
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]
Rio Tinto's solid numbers mask a bigger question about what comes next
Yahoo Finance· 2026-02-20 13:45
Rio Tinto's solid numbers mask a bigger question about what comes next Proactive uses images sourced from Shutterstock Deutsche Bank analyst Liam Fitzpatrick came away from Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) full-year results with his 'hold' rating intact and a target price of 6,200p, leaving the stock looking stretched at its current price of 7,108p. The numbers themselves were broadly in line with expectations. Full-year EBITDA of $25.4 billion nudged fractionally ahead of the $25.2 billion co ...
X @CoinMarketCap
CoinMarketCap· 2026-02-20 13:39
LATEST: ⚡ Public Bitcoin miners are planning 30 gigawatts of AI-focused power capacity, nearly 3x the current 11 GW, as post-halving margin pressure reshapes the industry, according to TheEnergyMag. https://t.co/4PApSwDsHr ...
Futures Drop As Iran Tensions Rise, Data Deluge Looms
ZeroHedge· 2026-02-20 13:29
Market Overview - US equity futures are lower as traders assess the potential market impact of war with Iran and await significant US economic data including GDP and core PCE [1] - The S&P and Nasdaq futures are down 0.1% after trading positively overnight, with the "Magnificent Seven" stocks showing mixed performance [3] - Bond yields have reversed and are lower, while the USD remains flat; commodities show mixed results with base metals declining and precious metals, particularly gold, rallying above $5000 [1][11] Company Earnings and Stock Movements - Akamai Technologies (AKAM) shares fell 11% after a weaker-than-expected earnings outlook [3] - Ardelyx (ARDX) dropped 6% due to a softer sales forecast for its Ibsrela drug [3] - Copart (CPRT) fell 8% after reporting operating income that missed analyst estimates [3] - Floor & Decor (FND) rose 4% after exceeding earnings expectations for the fourth quarter [3] - Grail (GRAL) tumbled 47% after its cancer detection test failed to meet primary endpoints [3] - Harmonic (HLIT) increased by 9% due to strong book-to-bill ratios indicating growth potential [3] - Newmont (NEM) dropped 4% as it expects lower gold production this year [3] - Opendoor Technologies (OPEN) surged 19% after reporting better-than-expected revenue [3] - RingCentral (RNG) rose 10% after beating expectations and providing a positive forecast [3] - Texas Roadhouse (TXRH) increased by 4% as it anticipates positive sales growth [3] - Workiva Inc. (WK) gained 12% after reporting strong fourth-quarter results and optimistic forecasts [3] Economic Data and Inflation - Core personal consumption expenditure (PCE) data is expected to show an increase, which may influence interest rate decisions and the economic outlook [4] - Bloomberg Economics anticipates core inflation to accelerate, with a month-on-month increase of 0.32% in the core PCE deflator for December, raising the annual rate to 2.9% from 2.8% [4] - Wider inflation concerns are heightened by oil prices nearing a six-month high amid geopolitical tensions [5][6] Geopolitical Impact - The US military is deploying forces in the Middle East, with President Trump warning Iran of a limited strike if negotiations do not progress [6][35] - Geopolitical tensions have led to a cautious market sentiment, impacting stock performance and investor behavior [6][39]
BHP and Faraday Copper sign letter of intent to explore pathways to unlock US copper basin development
Globenewswire· 2026-02-20 12:15
Group 1 - BHP Group Limited and Faraday Copper Corp. have signed a non-binding letter of intent to explore a potential acquisition of BHP's San Manuel property by Faraday, with BHP receiving a 30% equity interest in Faraday in return [1][2] - The LOI aims to facilitate the restart of the San Manuel copper mine and the development of a new copper hub in Arizona, leveraging existing infrastructure and enhancing capital efficiency [2] - The San Manuel mine was a significant copper producer in the US until its closure in 1999 due to low copper prices, leaving a substantial mineral inventory [3] Group 2 - BHP is the world's largest copper producer, with operations in over 90 countries, focusing on safety, operational excellence, and long-term value creation [4]
Falcon Energy Materials PLC Closes C$25 Million Private Placement To Accelerate Project Development And Welcomes Significant New Shareholders
Thenewswire· 2026-02-20 12:00
Core Viewpoint - Falcon Energy Materials plc has successfully closed a non-brokered private placement, raising C$25,000,000 through the issuance of 41,666,666 units at a price of C$0.60 per unit, which will support the development of its projects in Morocco [1][4]. Group 1: Private Placement Details - The private placement consists of units, each comprising one ordinary share and one share purchase warrant, with warrants allowing the purchase of additional shares at C$0.75 for 36 months [2]. - The proceeds will be allocated to advancing strategic projects in Morocco and for general working capital [4]. - The largest shareholder, La Mancha Investments, will hold a 24.1% interest in the company post-placement [3]. Group 2: Investor Confidence and Support - The CEO expressed gratitude for the strong investor confidence, highlighting the participation of existing shareholders and new investors from the USA, Middle East, and Europe [3]. - The successful closing of the private placement is seen as a testament to the company's potential and the support from significant investors [3]. Group 3: Company Overview and Strategic Goals - Falcon Energy Materials aims to be a leading provider of natural Coated Spheronized Purified Graphite, essential for energy storage solutions [8]. - The company is developing a state-of-the-art production facility in Morocco with a capacity of 25,000 tons per annum [8]. - Falcon has strategic partnerships with leading Chinese technology firms and Moroccan partners, enhancing its technological capabilities and access to quality raw materials [9].
X @Bloomberg
Bloomberg· 2026-02-20 09:34
Imerys took an 80% stake in the British Lithium mining project in Cornwall in 2023 https://t.co/OF053cZNjE ...
FTSE 100 Live: London stocks recover as oil and gold climb on Iran tensions
Yahoo Finance· 2026-02-20 09:15
FTSE 100 Live: London stocks recover as oil and gold climb on Iran tensions Proactive uses images sourced from Shutterstock FTSE 100 rises 60 points to 10,687 Retail sales jump to 2-year high in January Asian markets mostly lower on Iran tensions 9.15am: More morning movers Chemring Group (LSE:CHG) slipped 3.5% after a slower-than-expected start to the year, hit by production hiccups at its Tennessee plant. Despite this, the defence tech firm kept its full-year outlook unchanged, with a strong £1. ...
S&P/ASX 200 ends week with a drop as Australian shares ease after record run, Guzman y Gomez sees big dip; check top gainers and losers
The Economic Times· 2026-02-20 08:12
According to the ASX website, the bottom-performing stocks in this index were Markets have rallied on solid earnings from BHP and National Australia Bank, with investors now looking to results from Woodside Energy, Woolworths, Coles and Qantas. In the week, investors cheered earnings beats from companies such as QBE Insurance Group, up 7.1% on the day, while misses, such as rival Suncorp Group, were punished.S&P/ASX 200: Top gainers and losersOn the S&P/ASX 200, the top five gainers saw solid advances. T ...
Stock news for investors: Mixed Q4 results with big profit gains for Enbridge, Nutrien, and Cenovus
MoneySense· 2026-02-20 07:22
分组1 - Adjusted earnings for the fourth quarter reached 88 cents per share, an increase from 75 cents per share in the same quarter of 2024, surpassing analysts' expectations of 77 cents per share [1] - Teck Resources reported a profit of $544 million or $1.11 per diluted share for the fourth quarter, up from $399 million or 78 cents per diluted share a year earlier [10][13] - Nutrien's earnings for the fourth quarter amounted to $580 million, significantly up from $118 million in the previous year, translating to diluted net earnings per share of $1.18, compared to 23 cents in the prior-year quarter [4][7] 分组2 - Nutrien's sales totaled $5.34 billion in the fourth quarter, an increase from $5.1 billion year-over-year, and the company declared a quarterly dividend of 55 cents per share, reflecting a one percent increase from the previous dividend [5] - Teck Resources reported revenue of $3.06 billion for the fourth quarter, up from $2.79 billion in the same period of 2024, with adjusted profit from continuing operations at $1.37 per diluted share, up from 45 cents per diluted share a year earlier [11] - Enbridge's earnings for 2025 are projected to be $7.1 billion, an increase from $5.1 billion in 2024, supported by a secured backlog of $39 billion for various projects [2]