NEWMONT DECLINES 7%, SIBANYE STILLWATER DROPS 9.7%, BARRICK MINING FALLS 5.9%, HARMONY GOLD SLIPS 5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: moomoo
Market Performance: Newmont's stock has decreased by 7%, while Sibanye Stillwater has seen a decline of 9.7%.
Mining Sector Trends: Barrick Mining's shares have fallen by 5.9%, indicating a downturn in the mining industry.
Gold Prices: Harmony Gold's stock has also dropped by 5%, reflecting broader challenges in the gold market.
Overall Industry Impact: The declines across these companies suggest a significant impact on the mining sector, particularly in gold production.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 113.040
Low
89.00
Averages
110.85
High
125.00
Current: 113.040
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NEWMONT: NATIONAL BANK OF CANADA LOWERS RATING TO SECTOR PERFORM FROM OUTPERFORM; REDUCES TARGET PRICE TO $130 FROM $140
- National Bank of Canada Update: The National Bank of Canada has revised its sector performance outlook, indicating a shift in market expectations.
- Target Price Adjustment: The bank has lowered its target price for a specific sector from $140 to $130, reflecting a more cautious approach to future performance.
See More
NEWMONT: CADIA'S NEAR-TERM PRODUCTION IS EXPECTED TO REMAIN UNCHANGED
- Near-term production expectations: Near-term production is not expected to be impacted in Canada.
- Market stability: The current outlook suggests stability in production levels despite external factors.
See More
NEWMONT - CADIA PROCESSING OPERATIONS GRADUALLY INCREASED AND ARE RETURNING TO NORMAL THROUGHPUT LEVELS
- Processing Operations at Cadia: Cadia has ramped up its processing operations, indicating a return to normal throughput levels.
- Impact on Production: The increase in processing capacity is expected to positively affect overall production metrics at the site.
See More
NEWMONT - INSPECTIONS REVEAL MINOR DAMAGE IN SOME UNDERGROUND AREAS
- Damage Assessment: Inspections indicate that while damage is present in certain underground areas, it is not significant.
- Impact Evaluation: The findings suggest that the overall impact of the damage is minimal and manageable.
See More
NEWMONT CORPORATION - CADIA OPERATIONS UPDATE
Corporate Update: Newmont Corporation has provided an update on its operations in Canada, highlighting recent developments and performance metrics.
Operational Highlights: The update includes key operational achievements and challenges faced by Newmont in its Canadian operations, reflecting the company's strategic focus in the region.
See More
Lake Victoria Gold Secures $25 Million Financing for Growth
- Financing Accelerates Development: Lake Victoria Gold has secured a gold loan facility worth up to $25 million, backed by 6,000 ounces of gold, providing essential working capital for its Imwelo Gold Project in Tanzania, ensuring timely project advancement and accelerating development efforts.
- Tightening Gold Market: Central banks net purchased 27 tonnes of gold in February 2026, indicating sustained demand, while global mine output only saw a 1% increase, intensifying competition for resource acquisition among companies like Lake Victoria Gold.
- Significant Technical Progress: The Imwelo project confirmed gold recovery rates of up to 97%, with recent drilling returning grades of 11.88 g/t gold, providing strong support for the company's future production potential and attracting strategic investor interest.
- Government Support Boosts Confidence: The Tanzanian government has formally begun incorporating its statutory 16% free carried interest in the Tembo mining licenses, marking a regulatory step that signals smooth project advancement within the national framework, further enhancing investor confidence in Lake Victoria Gold.
See More
NEWMONT: NATIONAL BANK OF CANADA LOWERS RATING TO SECTOR PERFORM FROM OUTPERFORM; REDUCES TARGET PRICE TO $130 FROM $140
- National Bank of Canada Update: The National Bank of Canada has revised its sector performance outlook, indicating a shift in market expectations.
- Target Price Adjustment: The bank has lowered its target price for a specific sector from $140 to $130, reflecting a more cautious approach to future performance.
See More
NEWMONT: CADIA'S NEAR-TERM PRODUCTION IS EXPECTED TO REMAIN UNCHANGED
- Near-term production expectations: Near-term production is not expected to be impacted in Canada.
- Market stability: The current outlook suggests stability in production levels despite external factors.
See More
NEWMONT - CADIA PROCESSING OPERATIONS GRADUALLY INCREASED AND ARE RETURNING TO NORMAL THROUGHPUT LEVELS
- Processing Operations at Cadia: Cadia has ramped up its processing operations, indicating a return to normal throughput levels.
- Impact on Production: The increase in processing capacity is expected to positively affect overall production metrics at the site.
See More
NEWMONT - INSPECTIONS REVEAL MINOR DAMAGE IN SOME UNDERGROUND AREAS
- Damage Assessment: Inspections indicate that while damage is present in certain underground areas, it is not significant.
- Impact Evaluation: The findings suggest that the overall impact of the damage is minimal and manageable.
See More
NEWMONT CORPORATION - CADIA OPERATIONS UPDATE
Corporate Update: Newmont Corporation has provided an update on its operations in Canada, highlighting recent developments and performance metrics.
Operational Highlights: The update includes key operational achievements and challenges faced by Newmont in its Canadian operations, reflecting the company's strategic focus in the region.
See More
Lake Victoria Gold Secures $25 Million Financing for Growth
- Financing Accelerates Development: Lake Victoria Gold has secured a gold loan facility worth up to $25 million, backed by 6,000 ounces of gold, providing essential working capital for its Imwelo Gold Project in Tanzania, ensuring timely project advancement and accelerating development efforts.
- Tightening Gold Market: Central banks net purchased 27 tonnes of gold in February 2026, indicating sustained demand, while global mine output only saw a 1% increase, intensifying competition for resource acquisition among companies like Lake Victoria Gold.
- Significant Technical Progress: The Imwelo project confirmed gold recovery rates of up to 97%, with recent drilling returning grades of 11.88 g/t gold, providing strong support for the company's future production potential and attracting strategic investor interest.
- Government Support Boosts Confidence: The Tanzanian government has formally begun incorporating its statutory 16% free carried interest in the Tembo mining licenses, marking a regulatory step that signals smooth project advancement within the national framework, further enhancing investor confidence in Lake Victoria Gold.
See More
