---
title: "Newmont tops profit estimates on higher gold prices, sees steady output"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293674516.md"
description: "Newmont, the world's largest gold miner, exceeded second-quarter profit estimates as rising gold prices offset lower production volumes. The company also forecast steady output for the third quarter. Gold prices have surged due to safe-haven demand and expectations of U.S. interest rate cuts."
datetime: "2026-07-23T22:41:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293674516.md)
  - [en](https://longbridge.com/en/news/293674516.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293674516.md)
generator: "portal-rs"
---

# Newmont tops profit estimates on higher gold prices, sees steady output

By Divya Rajagopal and Varun Sahay July 23 (Reuters) - Newmont, the world's biggest gold miner, beat second-quarter profit estimates on Thursday after a rally in bullion prices outweighed the impact of lower output, while it forecast steady production in the third quarter. Gold has rallied on safe-haven demand and hopes of U.S. interest rate cuts, although a stronger dollar and a crude oil-led

### Related Stocks

- [NEM.US](https://longbridge.com/en/quote/NEM.US.md)
- [NWMX.US](https://longbridge.com/en/quote/NWMX.US.md)

## Related News & Research

- [Can Newmont (NEM) Stay Cheap After A 254% Three Year Run?](https://longbridge.com/en/news/297214016.md)
- [Weekly Recap: 1.3M oz, $1.9B returns and Peter Beaven named NEM director](https://longbridge.com/en/news/296779852.md)
- [Barrick Mining (TSX:ABX) After Earnings Growth And Newmont Deal Still Looks Slightly Undervalued](https://longbridge.com/en/news/296529222.md)
- [Abacus FCF Advisors LLC Makes New Investment in Newmont Corporation $NEM](https://longbridge.com/en/news/296448682.md)
- [Midland, Wallbridge mobilize drill rig for 3,000-meter Casault gold drilling campaign](https://longbridge.com/en/news/297177217.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**