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Newmont's Q3 earnings report did little to alleviate growing fears of cost pressures in 2027. Falling gold prices, rising costs, and record-low trading volume signal a potential period of elevated volatility going forward. At the same time, NEM is priced at levels that do not suggest any material change to the business going forward.

Newmont Corporation remains a Hold, with its current valuation reflecting recent portfolio transformation and anticipated project-driven growth. NEM's strategic asset deals, including the Fourmile stake and the significant non-core asset recycling program, position it for long-term Tier 1 production focus. Q3 results exceeded expectations, with $1.9B free cash flow and robust shareholder returns, but near-term cost headwinds and gold price volatility persist.

Diversify Advisory Services LLC bought a new position in Newmont Corporation (NYSE:NEM – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,048 shares of the basic materials company’s stock, valued at approximately $2,553,000.

A number of other institutional investors also recently modified their holdings of NEM. BlackRock Inc. bought a new stake in shares of Newmont during the second quarter valued at approximately $11,289,753,000. State Street Corp increased its holdings in shares of Newmont by 3.1% in the second quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after purchasing an additional 1,565,716 shares in the last quarter. Bank of New York Mellon Corp raised its position in Newmont by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock worth $1,324,757,000 after purchasing an additional 615,461 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Newmont by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company’s stock worth $1,012,792,000 after purchasing an additional 184,586 shares during the last quarter. Finally, Amundi raised its position in Newmont by 4.4% in the 1st quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock worth $950,519,000 after purchasing an additional 372,415 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Newmont News Roundup Here are the key news stories impacting Newmont this week:

Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.96 consensus estimate, while revenue of $6.36 billion exceeded expectations of $6.26 billion. The company benefited from higher gold prices and stronger sales volumes. Newmont beats quarterly profit estimates on higher gold prices, Cadia recovery Positive Sentiment: Net profit rose to approximately $2.48 billion from $1.83 billion a year earlier. The results were supported by elevated gold prices, improved gold sales and recovery at the Cadia operation, reinforcing the company’s operating leverage to bullion prices. Newmont Logs Higher Profit, Revenue on Higher Gold Sales Positive Sentiment: Management said Newmont remains on track to achieve full-year 2026 production guidance and described the quarter as record-setting for adjusted net income. Investors also responded favorably to expectations that the company could return to growth in 2027. Newmont Reports Third Quarter 2026 Results Positive Sentiment: RBC Dominion Securities raised its view to “outperform” with a $155 price target, implying substantial upside from recent trading levels. Newmont also declared a quarterly dividend of approximately $0.26 per share. RBC Dominion Securities Newmont rating Neutral Sentiment: Newmont filed its September-quarter Form 10-Q, providing the detailed financial disclosures behind the earnings release. The dividend declaration and updated payment terms were also reported for the company’s CDI holders. Newmont Files September Quarter Form 10-Q Negative Sentiment: Higher costs remain a concern. Coverage noted that Newmont raised its 2026 cost outlook, which could limit the benefit of strong gold prices and reduce confidence in margins. Newmont beats third-quarter earnings expectations Negative Sentiment: Analyst sentiment was mixed: Freedom Broker maintained a “hold” rating but cut its target to $116 from $130, while National Bank Financial also lowered expectations. These cautious revisions likely tempered the positive reaction to the earnings beat. Newmont Stock Performance Shares of NEM stock opened at $113.63 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The stock has a market cap of $119.73 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.51. The stock has a 50-day moving average of $122.05 and a 200-day moving average of $111.00. Newmont Corporation has a one year low of $76.05 and a one year high of $135.29. Newmont (NYSE:NEM – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the company posted $1.71 EPS. Newmont’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts expect that Newmont Corporation will post 9.04 earnings per share for the current year.

Newmont Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio is presently 13.13%.

Wall Street Analysts Forecast Growth Several research analysts have issued reports on NEM shares. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Bank of America lowered their target price on Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. The Goldman Sachs Group dropped their target price on Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Freedom Broker restated a “hold” rating and set a $116.00 target price (down from $130.00) on shares of Newmont in a research report on Thursday. Finally, Royal Bank Of Canada upped their price target on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.06.

Read Our Latest Report on NEM

Insider Buying and Selling at Newmont In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $344,430.00. Following the transaction, the executive vice president directly owned 34,315 shares of the company’s stock, valued at $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $445,692.42. Following the completion of the transaction, the chief executive officer directly owned 127,471 shares of the company’s stock, valued at $14,634,945.51. This trade represents a 2.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 35,973 shares of company stock valued at $3,927,169. Corporate insiders own 0.06% of the company’s stock.

Newmont Profile (Free Report)

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

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Key Takeaways NEM expects gold production to rise by a low- to mid-single-digit percentage in 2027 after a 2026 trough.NEM sees higher 2027 unit costs as Peasquito silver output falls and labor inflation exceeds 2026 levels.NEM plans up to $4.8B for Red Chris, targets 2033 production and expects 2027 development spending to rise.
Newmont Corporation (NEM - Free Report) expects gold production to recover in 2027 after a trough this year, but management warned that inflation and reduced silver credits could push unit costs higher.

On its third-quarter earnings call, executives also outlined a major investment at Red Chris while emphasizing shareholder returns and execution of existing mine expansions.

NEM Targets a Production Rebound in 2027Chief financial officer Brian Tabolt expects total portfolio production to rise by a low- to mid-single-digit percentage in 2027. The company remains on track for its full-year 2026 target of approximately 5.3 million attributable gold ounces.

Fourth-quarter gold production is projected at 1.4 million ounces, supported by higher-grade ore at Lihir and Tanami, Cerro Negro's Vein Zone and Ahafo North's ramp-up.

Chief executive officer Natascha Viljoen said stronger grades at Boddington and additional opportunities at Yanacocha should also support growth. She identified potential El Niño-related water shortages at Lihir as an operational risk.

Newmont Improves 2026 Costs but Flags 2027 InflationTabolt lowered full-year gold all-in sustaining cost guidance to approximately $1,520 per ounce, about 10% better than the initial outlook. Third-quarter costs were $1,454 per ounce, aided by higher co-product volumes and prices.

However, fourth-quarter costs are expected to reach approximately $1,900 per ounce as sustaining capital spending increases and silver output at Peñasquito declines.

For 2027, Tabolt anticipates higher unit costs, partly because Peñasquito's silver production is expected to fall roughly 30% from 2026. Answering a Jefferies analyst, he said labor cost escalation should exceed the approximately 3% assumption used for 2026.

NEM Details Red Chris Investment and TimelineViljoen outlined development capital of $4.2 billion to $4.8 billion for Red Chris on a 100% basis, incorporating anticipated Canadian government funding. A final investment decision is expected early in 2027, with commercial production targeted for 2033.

The initial 13-year phase is expected to produce approximately 3 million ounces of gold and 850,000 tonnes of copper. Following ramp-up, annual production is projected at 275,000 to 325,000 gold ounces and 65,000 to 85,000 tonnes of copper.

Responding to Scotiabank, Viljoen explained that revised geotechnical assumptions, a larger cave and expansion of processing capacity from 9 million to 15 million tonnes annually underpin the updated plan. She declined to break down the respective capital impacts ahead of the investment decision.

Newmont Advances Projects While Spending RisesViljoen said the Tanami Expansion 2 shaft is complete, with commercial production expected by the end of the second quarter of 2027. Cadia's PC2-3 project remains on track for completion this year.

Tabolt expects 2027 development capital to increase approximately $500 million over 2026. Responding to a Barclays analyst, Viljoen clarified that half the increase relates to Red Chris.

Declining spending on Yanacocha's water treatment plants should free approximately $200 million in 2027 and $400 million annually beginning in 2028, partially offsetting higher development investment.

NEM Maintains Buybacks Alongside Nevada DealTabolt reported third-quarter free cash flow of $1.9 billion and adjusted earnings of $2.20 per share, above the Zacks Consensus Estimate of $1.94. Revenue of $6.36 billion exceeded the $6.01 billion consensus.

Management said Newmont had returned approximately $1.9 billion to shareholders since its previous earnings call. Repurchases have reduced shares outstanding by roughly 10% since February 2024.

The quarter ended with $3.2 billion in net cash, before an anticipated $1.95 billion payment linked to the amended Nevada Gold Mines joint venture agreement. Management expects closure in the fourth quarter.

Newmont Balances Growth With Financial DisciplineViljoen emphasized that development projects must fit the portfolio, improve its durability and deliver compelling economics. For Red Chris, the company is targeting a double-digit internal rate of return.

Tabolt reinforced a capital allocation approach prioritizing sustaining investment, dividends, balance-sheet flexibility and share repurchases. Management's outlook combines expected production growth with warnings about inflation and cost pressures.

What NEM's Zacks Rank and Style Scores IndicateNEM currently carries a Zacks Rank #3 (Hold), reflecting a neutral near-term ranking. Its Growth Score of A contrasts with a Momentum Score of F and Value Score of C. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock's VGM Score of B reflects favorable combined style characteristics, although its Hold ranking warrants a measured assessment. The Zacks Rank can change as analysts revise earnings estimates following the reported results.

Newmont Corp. (NYSE:NEM) stock fell in premarket trading Friday despite the gold miner reporting better-than-expected third-quarter 2026 earnings and revenue.

CWA Asset Management Group LLC purchased a new stake in Newmont Corporation (NYSE: NEM) during the third quarter, according to its most recent filing with the SEC. The fund purchased 8,629 shares of the basic materials company's stock, valued at approximately $995,000. Other hedge funds have also bought and sold shares of the

Newmont Corporation ( NEM ) Q3 2026 Earnings Call October 22, 2026 5:30 PM EDT Company Participants Neil Backhouse - Group Head of Treasury & Investor Relations Natascha Viljoen - CEO, President & Director Brian Tabolt - Executive VP & CFO Conference Call Participants Daniel Major - UBS Investment Bank, Research Division Fahad Tariq - Jefferies LLC, Research Division Richard Garchitorena - Barclays Bank PLC, Research Division Tanya Jakusconek - Scotiabank Global Banking and Markets, Research Division Hugo Nicolaci - Goldman Sachs Group, Inc., Research Division Lawson Winder - BofA Securities, Research Division Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division Adam Baker - Macquarie Research Martin Pradier - Veritas Investment Research Corporation Anita Soni - CIBC Capital Markets, Research Division Presentation Operator Hello, and welcome to Newmont's Third Quarter 2026 Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

Newmont Corporation (NEM) came out with quarterly earnings of $2.2 per share, beating the Zacks Consensus Estimate of $1.94 per share. This compares to earnings of $1.71 per share a year ago.

Newmont (NEM.N) beat analysts' third-quarter profit estimates ​on Thursday, as the world's ‌biggest gold miner benefited from higher prices of the metal.

Gold prices have stayed ​high despite a stronger dollar ​and inflation concerns tied to ⁠higher oil prices during the ​US war on Iran.

Prices of ​the yellow metal averaged $4,204.59 per ounce in the third quarter of 2026, up ​about 17.6% from a year ​earlier.

Quarterly average realized price for gold was ‌at $4.317 ⁠per ounce, compared with $3,539 per ounce a year ago.

But Newmont's quarterly gold production fell to 1.30 ​million ounces ​from ⁠1.42 million ounces a year earlier.

On an adjusted ​basis, the company earned $2.20 per ​share ⁠for the quarter ended September 30, compared with analysts' average estimate ⁠of $2.05 ​per share, according ​to data compiled by LSEG.

The gold producer posted a third-quarter profit of $2.48 billion, up from $1.83 billion a year earlier.

Frank Rimerman Advisors LLC bought a new position in Newmont Corporation (NYSE:NEM – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,338 shares of the basic materials company’s stock, valued at approximately $962,000.

Several other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Newmont by 0.6% in the first quarter. Blue Trust Inc. now owns 17,194 shares of the basic materials company’s stock worth $1,861,000 after purchasing an additional 100 shares during the last quarter. Accel Wealth Management increased its holdings in Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock valued at $1,377,000 after purchasing an additional 115 shares during the period. Bell Investment Advisors Inc increased its holdings in Newmont by 41.8% in the first quarter. Bell Investment Advisors Inc now owns 397 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 117 shares during the period. Compound Planning Inc. raised its position in Newmont by 0.6% during the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock worth $2,294,000 after purchasing an additional 121 shares during the last quarter. Finally, Zhang Financial LLC raised its position in Newmont by 0.8% during the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock worth $1,707,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analyst Weigh In Several research analysts have commented on NEM shares. TD lifted their target price on Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. BNP Paribas Exane decreased their price target on Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Bank of America lowered their price objective on Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Canaccord Genuity Group lowered their price objective on Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen lowered Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.50.

View Our Latest Analysis on NEM Insider Transactions at Newmont In other news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the transaction, the executive vice president directly owned 34,315 shares of the company’s stock, valued at $3,939,705.15. The trade was a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the transaction, the chief financial officer directly owned 29,324 shares in the company, valued at $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 35,973 shares of company stock valued at $3,927,169. Corporate insiders own 0.06% of the company’s stock.

Newmont News Summary Here are the key news stories impacting Newmont this week:

Positive Sentiment: Gold prices recently rose more than 1% as the U.S. dollar weakened and Treasury yields eased, improving the outlook for gold miners’ revenue and margins. Newmont is also benefiting from strong prior-quarter free cash flow, share repurchases and its ability to remain on track with 2026 guidance. Newmont rises as gold strengthens and investors look ahead to earnings Positive Sentiment: Analyst sentiment has improved. Bernstein raised its Newmont price target to $150 from $144, while the broader consensus target was reported at CHF 121.57, up 10.84%. Jefferies also reaffirmed a Buy rating, reinforcing expectations for further upside if gold remains strong. Bernstein Adjusts Price Target on Newmont Newmont consensus price target raised Positive Sentiment: Investors are positioning ahead of Newmont’s October 22 third-quarter earnings release. Wall Street expects earnings growth, helped by higher gold prices and potentially improved margins, while the company’s previous quarter showed strong cash generation and production execution. Newmont Corporation reports next week Neutral Sentiment: Newmont completed the sale of its Northumberland asset. The transaction may simplify the portfolio and support capital allocation, but the immediate earnings impact was not specified. Newmont completes Northumberland sale Negative Sentiment: Earnings expectations are mixed: higher gold prices could be offset by weaker production and higher costs, making the October 22 report a key near-term catalyst and volatility risk. NEM to Report Q3 Earnings Negative Sentiment: Insider-trading data shows 13 open-market sales and no purchases over the past six months, including sales by senior executives. This may weigh on sentiment, although insider transactions do not necessarily reflect company fundamentals. Newmont Trading Down 0.2% NEM opened at $118.40 on Monday. Newmont Corporation has a twelve month low of $76.05 and a twelve month high of $135.29. The company has a fifty day moving average of $122.06 and a 200-day moving average of $110.89. The stock has a market cap of $124.76 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.51. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM – Get Free Report) last released its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.05. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, sell-side analysts predict that Newmont Corporation will post 9.05 EPS for the current year.

Newmont Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s dividend payout ratio (DPR) is 13.13%.

Newmont Profile (Free Report)

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

Recommended Stories Five stocks we like better than Newmont These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmont Corporation (NYSE:NEM – Free Report).

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IFP Advisors Inc bought a new position in Newmont Corporation (NYSE:NEM – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 56,036 shares of the basic materials company’s stock, valued at approximately $6,463,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NEM. Founders Grove Wealth Partners LLC purchased a new stake in shares of Newmont in the 3rd quarter valued at $356,000. Center For Asset Management LLC bought a new position in shares of Newmont during the 3rd quarter valued at $1,633,000. Robertson Stephens Wealth Management LLC purchased a new position in Newmont in the 3rd quarter worth $2,152,000. Lee Financial Co purchased a new position in Newmont in the 3rd quarter worth $4,099,000. Finally, Frank Rimerman Advisors LLC bought a new stake in Newmont in the third quarter worth $962,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Trending Headlines about Newmont Here are the key news stories impacting Newmont this week:

Positive Sentiment: Gold prices recently rose more than 1% as the U.S. dollar weakened and Treasury yields eased, improving the outlook for gold miners’ revenue and margins. Newmont is also benefiting from strong prior-quarter free cash flow, share repurchases and its ability to remain on track with 2026 guidance. Newmont rises as gold strengthens and investors look ahead to earnings Positive Sentiment: Analyst sentiment has improved. Bernstein raised its Newmont price target to $150 from $144, while the broader consensus target was reported at CHF 121.57, up 10.84%. Jefferies also reaffirmed a Buy rating, reinforcing expectations for further upside if gold remains strong. Bernstein Adjusts Price Target on Newmont Newmont consensus price target raised Positive Sentiment: Investors are positioning ahead of Newmont’s October 22 third-quarter earnings release. Wall Street expects earnings growth, helped by higher gold prices and potentially improved margins, while the company’s previous quarter showed strong cash generation and production execution. Newmont Corporation reports next week Neutral Sentiment: Newmont completed the sale of its Northumberland asset. The transaction may simplify the portfolio and support capital allocation, but the immediate earnings impact was not specified. Newmont completes Northumberland sale Negative Sentiment: Earnings expectations are mixed: higher gold prices could be offset by weaker production and higher costs, making the October 22 report a key near-term catalyst and volatility risk. NEM to Report Q3 Earnings Negative Sentiment: Insider-trading data shows 13 open-market sales and no purchases over the past six months, including sales by senior executives. This may weigh on sentiment, although insider transactions do not necessarily reflect company fundamentals. Insider Transactions at Newmont In related news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the sale, the executive vice president directly owned 34,315 shares of the company’s stock, valued at $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 35,973 shares of company stock worth $3,927,169. Company insiders own 0.06% of the company’s stock. Analyst Ratings Changes Several analysts have issued reports on the stock. Weiss Ratings upgraded shares of Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Scotiabank lifted their price objective on Newmont from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Bank of America decreased their price objective on Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. UBS Group lowered their target price on Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada increased their target price on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.50.

View Our Latest Stock Report on Newmont

Newmont Trading Down 0.2% Shares of NEM opened at $118.40 on Monday. The stock has a market capitalization of $124.76 billion, a P/E ratio of 14.95, a PEG ratio of 2.20 and a beta of 0.51. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $122.06 and a two-hundred day simple moving average of $110.89. Newmont Corporation has a twelve month low of $76.05 and a twelve month high of $135.29.

Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.35 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. On average, research analysts anticipate that Newmont Corporation will post 9.05 EPS for the current year.

Newmont Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 3rd. Newmont’s dividend payout ratio is currently 13.13%.

About Newmont (Free Report)

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

Further Reading Five stocks we like better than Newmont These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom

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First Citizens Bank & Trust Co. acquired a new position in Newmont Corporation (NYSE:NEM – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,973 shares of the basic materials company’s stock, valued at approximately $1,612,000.

Other large investors have also recently bought and sold shares of the company. KMG Fiduciary Partners LLC bought a new stake in shares of Newmont in the third quarter valued at about $276,000. Krilogy Financial LLC grew its position in Newmont by 19.4% during the third quarter. Krilogy Financial LLC now owns 20,354 shares of the basic materials company’s stock worth $2,384,000 after buying an additional 3,309 shares in the last quarter. Forvis Mazars Wealth Advisors LLC bought a new position in Newmont during the third quarter valued at about $242,000. Davis Rea LTD. bought a new position in Newmont during the third quarter valued at about $348,000. Finally, Accel Wealth Management acquired a new position in Newmont in the 3rd quarter valued at approximately $1,701,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Up 3.7% NYSE NEM opened at $115.67 on Friday. The stock’s 50 day simple moving average is $121.96 and its 200 day simple moving average is $110.78. Newmont Corporation has a one year low of $76.05 and a one year high of $135.29. The firm has a market cap of $121.88 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26.

Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.35 billion. During the same period in the previous year, the business posted $1.43 earnings per share. As a group, sell-side analysts forecast that Newmont Corporation will post 9.05 earnings per share for the current fiscal year. Newmont Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s payout ratio is presently 13.13%.

Insider Transactions at Newmont In other news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $445,692.42. Following the transaction, the chief executive officer owned 127,471 shares of the company’s stock, valued at $14,634,945.51. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the transaction, the executive vice president owned 34,315 shares in the company, valued at approximately $3,939,705.15. This represents a 8.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 35,973 shares of company stock worth $3,927,169 over the last 90 days. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In A number of brokerages have commented on NEM. Canadian Imperial Bank of Commerce set a $170.00 price objective on Newmont in a research report on Friday, August 14th. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Newmont from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 2nd. The Goldman Sachs Group reduced their target price on Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Scotiabank lifted their price target on shares of Newmont from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Newmont has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

View Our Latest Analysis on Newmont

About Newmont (Free Report)

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company’s activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.

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The market expects Newmont Corporation (NEM - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 22. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis gold and copper miner is expected to post quarterly earnings of $1.96 per share in its upcoming report, which represents a year-over-year change of +14.6%.

Revenues are expected to be $6.01 billion, up 8.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 4.47% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Newmont?For Newmont, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.17%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Newmont will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Newmont would post earnings of $2.05 per share when it actually produced earnings of $2.10, delivering a surprise of +2.44%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Newmont appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.86% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

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To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Newmont Corporation (NEM - Free Report) Colorado-based Newmont Corporation is one of the world's largest producers of gold, with several active mines in Nevada, Peru, Australia and Ghana. As of Dec. 31, 2025, Newmont had attributable gold reserves of 118.2 million ounces and resources of 148.7 million ounces. Its attributable gold production for 2025 was around 5.89 million ounces.

NEM is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. NEM has a Growth Style Score of A, forecasting year-over-year earnings growth of 31.4% for the current fiscal year.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.05 to $9.05 per share. NEM also boasts an average earnings surprise of +24.8%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, NEM should be on investors' short list.

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce that it has completed its previously announced acquisition (the "Transaction") of the Northumberland Gold Project ("Northumberland" or the "Project") located in Nevada's Walker Lane, from subsidiaries of Newmont Corporation ("Newmont") (NYSE: NEM). Trading has resumed following closing of the Transaction and will reflect the consolidation, announced on September 29, 2026.

StrikePoint Gold Highlights:

The Northumberland Gold Project hosts an independent mineral resource estimate ("MRE") of 2.86 million oz ("Moz") of gold equivalent ("AuEq") in the indicated category and 1.57 Moz of AuEq* in the inferred category contained within 67 million tonnes ("Mt") and 31 Mt, respectively.* For grades by individual metals, see Table 1 below, which includes the basis of the AuEq calculation. Brownfields site on private land potentially simplifies permitting: The current MRE for Northumberland is contained on private property which previously hosted open pit production.StrikePoint is funded to significantly advance Northumberland. With approximately C$90M in working capital post closing and related costs the Company is positioned to rapidly advance the Project. Regional Exploration Package: In addition to the known mineral resources at Northumberland, numerous near-pit and property-wide exploration targets offer potential for further additions to the mineral resource.Exploration Opportunities: Northumberland has not been explored since approximately 2010, when the gold price was much lower. Drill Permits in Place: Five separate drill permits are currently in place and are expected to facilitate rig mobilization and efficient exploration on both private and public land, subject to applicable permit transfer or replacement requirements.Strong Shareholder Base: Tembo Capital, Ithaki and Blackrock combined own more than 40% of the Company, and new shareholders represent more than 90% of the current shareholders of the Company. Michael G. Allen, President and CEO of StrikePoint, said "Northumberland represents a transformational acquisition for StrikePoint. While the current resource is significant, I am particularly excited by the exploration potential seen to date. We anticipate commencing drilling within a month with the goal of expanding and infilling the existing mineral resource. In addition, new untested targets are emerging and may be drilled in 2027. I would like to thank all the talented individuals that helped with the effort to acquire the Northumberland Gold Project and I look forward to the first exploration efforts on the Project in over 15 years."

The Northumberland Gold Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5044/318008_94462ddf54d0ab84_002full.jpg

References to active mines and other mineral projects is for illustration purposes only. There can be no assurances the Company will achieve comparable results.

Project Location & Infrastructure

Northumberland is located approximately 150 kilometers by road from Tonopah, Nevada. Access is via paved highway and all-weather county road. Northumberland is located within the Walker Lane of Nevada. The Walker Lane is a prolific mineral trend with significant historical production, new discoveries (including AngloGold's Arthur Gold Project as well as Centerra's Goldfield Project, both currently under construction) and operational mines including the Round Mountain Mine operated by Kinross. Northumberland's mineralization is considered to be Carlin-style: sediment hosted with fine disseminated gold. References to other mining projects and operations are for geographic context only and are not intended to imply comparable economics, resources, or production potential.

Project History

Gold was initially discovered at Northumberland in the late 1800s. Significant oxide mineralization was discovered in the 1930s and was mined intermittently by various operators until 1991. Interests in the property were transferred to Nevada Western Gold LLC, which became a subsidiary of New West Gold in 2005. Fronteer Gold acquired Nevada Western's interest in Northumberland in 2007, before Fronteer, including Northumberland, was acquired by Newmont in 2011.

Initial Mineral Resource Estimate

The current MRE represents StrikePoint's initial MRE for the Project. The available drilling information includes 1,511 reverse-circulation and 37 core holes, drilled by previous operators of the Project, including Cyprus Mines Corporation, Western States Minerals Corporation, Newmont USA Limited, and Fronteer Development Group Inc. StrikePoint has not yet carried out any drilling or exploration activities at the Project.

The MRE was prepared by Mr. Hebert Lopes Oliveira, B.Sc., P.Geo., Principal Resource Geologist at SLR Consulting (Canada) Ltd. ("SLR"), who is an independent Qualified Person ("QP") for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The MRE has an effective date of July 31, 2026 and uses the CIM (2019) Estimation of Mineral Resources and Mineral Reserves (MRMR) Best Practice guidelines and the CIM (2014) definitions for Mineral Resources. SLR has estimated a mineral resource as follows:

Indicated Resource: 67,008 kt containing 2.71 Moz of gold ("Au") grading at 1.26 g/t Au with 11.60 Moz of silver ("Ag") grading at 5.38 g/t Ag. Combined, the gold and silver indicated mineral resource equates to 2.86 Moz of AuEq* at an average grade of 1.33 g/t AuEq*. Inferred Resource: 30,967 kt containing 1.52 Moz of gold at a grade of 1.53 g/t Au with 4.26 Moz of silver at a grade of 4.28 g/t Ag. Combined, the gold and silver inferred mineral resource equates to 1.57 Moz of AuEq* at an average grade of 1.58 g/t AuEq*. * For grades by individual metals, see Table 1 below, which includes the basis of the AuEq calculation.

Table 1: Northumberland Resource Estimate (Effective Date of July 31, 2026)

Category Tonnage
(kt) Grade
(g/t Au) Grade
(g/t Ag) Grade
(g/t AuEq*) Contained Metal
(Au oz) Contained Metal
(Ag oz) Contained Metal
(AuEq* oz) Indicated 67,008 1.26 5.38 1.33 2,709,000 11,599,000 2,857,000 Inferred 30,967 1.53 4.28 1.58 1,519,000 4,260,000 1,568,000 Notes: The MRE was prepared by Mr. Hebert Lopes Oliveira, B.Sc., P.Geo., Principal Resource Geologist at SLR, who is an independent Qualified Person (QP) for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). This is the initial MRE for StrikePoint, and reflects revised price, cost, and technical assumptions over historical MREs, which should not be relied on. The MRE incorporates the CIM (2019) Estimation of Mineral Resources and Mineral Reserves (MRMR) Best Practice guidelines and the CIM (2014) definitions were followed for Mineral Resources. Metallurgical recoveries consider oxidation state as defined by sulphide content: < 0.5% (oxide) and ≥ 0.5% (fresh), and further subdivide fresh material into low, medium and high preg robbing categories as estimated from preg robbing values (PRV) and assumed as follows: Oxide material: 75% for both Au and Ag Fresh, low PRV material: 90% Au; 70% Ag Fresh, medium PRV material: 80% Au; 60% Ag Fresh, high PRV material: 60% Au; 40% Ag Gold Equivalent (AuEq) = Au(g/t) + (Ag(g/t) x (Ag price x Ag recovery / Au price x Au recovery)).Mineral Resources are estimated at variable AuEq cut-off grades based on long term prices of US$3,500 per gold ounce and US$55 per silver ounce and Au and Ag recoveries by material type as follows: 0.16 g/t (oxide); 0.31 g/t (fresh, low PRV); 0.35 g/t (fresh, medium PRV); and 0.47 g/t (fresh, high PRV). Mineral Resources are reported within an optimized pit shell, using the following assumptions: Overall pit slope angles of 45° Mining costs of US$2.12/tonne (t) mined G&A costs of US$1.35/t milled Processing costs of US$12/t milled (oxide); US$30/t milled (sulphide) In situ bulk density is 2.6 t/m3. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There are no Mineral Reserves at Northumberland. This Mineral Resource estimate includes Inferred Mineral Resources which have had insufficient work to classify them as Indicated Mineral Resources. It is uncertain but reasonably expected that Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. Numbers may not add or multiply accurately due to rounding. The effective date of the Mineral Resource Estimate for Northumberland is July 31, 2026 The QP is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors not discussed in this news release and the Technical Report that could materially affect the Mineral Resource estimate. Table 2: Pit Optimization Parameters and Calculation of Marginal Cut-Off Grades

Parameter Units Non Preg-
Robbing (Oxides) Low Preg-
Robbing Medium Preg-
Robbing High Preg-
Robbing Gold Price US$/oz3,500 3,500 3,500 3,500 Gold Payability %99.5 99.5 99.5 99.5 Selling Cost (Transport & Refining) US$/oz Au5.00 5.00 5.00 5.00 NSR Price US$/oz Au3,495 3,495 3,495 3,495 Metallurgical Recovery %75 90 80 60 Unit Operating Costs (Process + G&A) US$/t milled13.35 31.35 31.35 31.35 Marginal Cut-off Grade g/t0.16 0.31 0.35 0.47 The Northumberland deposit is open in multiple directions, and the property package has targets that may be subject to future exploration. Any potential expansion of the MRE would be subject to the results of further exploration.

Qualified Person Statement

All technical data and scientific data, as disclosed in this news release, have been reviewed and approved by Michael G. Allen, P.Geo., President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of NI 43-101.

About StrikePoint

StrikePoint is a Vancouver-based multi-asset gold exploration company focused on acquiring, defining and developing precious metals resources in the Western United States. StrikePoint's flagship project is the 100% owned Northumberland Gold Project located in Nevada's Walker Lane. In addition to Northumberland, StrikePoint owns a portfolio of exploration properties in Nevada, including the Hercules and Cuprite Gold Projects.

About Nevada

Nevada is one of the most globally recognized mining jurisdictions in the world, with over 218 Moz Au produced to date. Multiple large mining companies operate mines in the state, including Nevada Gold Mines (Barrick/Newmont), Kinross, SSR Mining, McEwen Mining, and Integra Resources.

ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.

"Michael G. Allen"

Michael G. Allen
President, Chief Executive Officer & Director

For more information, please contact:      StrikePoint Gold Inc. Michael G. Allen, President, CEO & Director Knox Henderson, Head of Investor RelationsT: (604) 374-8381 T: (604) 551-2360E: [email protected] E: [email protected]: www.strikepointgold.com Cautionary Statement on Forward-Looking Information

Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information are characterized by such terms as "anticipate", "target", "estimate", "plan", "expect", "potential", variants of these words and other similar words, phrases, or statements that certain events or conditions "could", "may", "will", or "would" occur. These forward-looking statements or information relate to, among other things: the intended use of the Company's balance sheet; the payment of the contingent consideration to Newmont following completion of a Feasibility Study and the achievement of certain commercial production milestones at Northumberland; the MRE, including the potential upgrade of Inferred Mineral Resources to Indicated Mineral Resources with continued exploration; the Company's exploration and development plans for Northumberland and the results thereof, including the exploration targets described herein and the potential expansion of the MRE; the potential for the location of the MRE on private land to simplify permitting; and the expectation that existing drill permits will facilitate rig mobilization and efficient exploration, and the transfer or replacement of such permits following closing; the timing of the commencement of drilling, and the results thereof; and the assumptions used to define the mineral resources, including costs and assumed recoveries.

Such forward-looking information and statements are based on numerous assumptions, including, among others, that the MRE will not be materially revised, that further exploration at Northumberland will produce results consistent with management's expectations, that the Company will complete a Feasibility Study and achieve certain commercial production milestones at Northumberland as currently contemplated, that existing drill permits will be successfully transferred or replaced following closing, that required permits and approvals will be obtained on a timely basis, that trading in the Shares will resume on the TSXV within the timeframe anticipated by management, and that the Company will have access to sufficient capital to fund its planned exploration and development activities. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

All of the forward-looking statements made in this document are qualified by these cautionary statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to: business integration risks; the accuracy of the MRE, which is based on assumptions regarding metal prices, cut-off grades, recoveries and other parameters that may prove incorrect; the fact that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability; the risk that further exploration will not result in the delineation of additional mineral resources at Northumberland or the upgrade of Inferred Mineral Resources to Indicated Mineral Resources; delays in, or failure to complete, a Feasibility Study or achieve certain commercial production milestones at Northumberland, which would affect the timing of the contingent payments to Newmont; the risk that existing drill permits may not be successfully transferred or replaced following closing; delays in the resumption of trading in the Shares; fluctuations in gold and silver prices; market conditions and access to capital; and other risks associated with the mining industry, including permitting, environmental, title and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note for U.S. Investors Concerning Mineral Resources

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under the U.S. Securities and Exchange Commission ("SEC") modernization rules, known as "S-K 1300", and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a "measured mineral resource", "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category or converted into mineral reserves in accordance with S-K 1300. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC S-K 1300 standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this news release contains descriptions of the Company's mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318008

Source: StrikePoint Gold Inc.

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Vancouver, British Columbia--(Newsfile Corp. - October 6, 2026) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce that it has completed its previously announced acquisition (the "Transaction") of the Northumberland Gold Project ("Northumberland" or the "Project") located in Nevada's Walker Lane, from subsidiaries of Newmont Corporation ("Newmont") (NYSE: NEM), pursuant to the definitive purchase agreement (the "Agreement") described in the Company's news releases dated August 18, 2026, August 20, 2026, September 9, 2026 and September 29, 2026. The Transaction closed on October 6, 2026, and StrikePoint paid the upfront cash consideration of US$70 million at closing. Northumberland is a past-producing gold deposit, largely located on private land, that houses a significant mineral resource defined by more than 1,500 drill holes. StrikePoint has also agreed to make two additional contingent cash payments of US$25 million each in the future, the first within 120 days after completion of a feasibility study (the "Feasibility Study") and the second within 120 days after achievement of certain commercial production milestones at Northumberland.

Key Transaction Highlights

Acquisition of a substantial gold deposit in Nevada's Walker Lane, a tier-one mining jurisdiction: Nevada is a top ranked mining jurisdiction with numerous operations in the state and an established, proven regulatory framework.

Independent mineral resource estimate ("MRE") of 2.86 million oz ("Moz") of gold equivalent ("AuEq") in the indicated category and 1.57 Moz of AuEq* in the inferred category contained within 67 million tonnes ("Mt") and 31 Mt, respectively.

* For grades by individual metals, see Table 1 below, which includes the basis of the AuEq calculation.

Brownfields site on private land potentially simplifies permitting: The current MRE for Northumberland is contained on private property which previously hosted open pit production.

Exploration Targets: Northumberland has not been explored since approximately 2010, and numerous untested targets exist, including extensions of the known mineralization.

Regional Exploration Package: In addition to the known mineral resources, numerous near pit and property wide exploration targets offer potential for further additions to the mineral resource.

Drill Permits in Place: Five separate drill permits are currently in place and are expected to facilitate rig mobilization and efficient exploration on both private and public land, subject to applicable permit transfer or replacement requirements.

Strengthened Board Leadership: Mr. Alan Pangbourne, who brings over 35 years of experience in global mining operations, has been appointed to the Board of Directors as Chairman.

Michael G. Allen, President and CEO of StrikePoint, said "We are pleased to finalize the acquisition of Northumberland a transformational acquisition for StrikePoint. We anticipate commencing drilling within a month at the project with the goals of expanding and infilling the existing resource. Our geological team will also be evaluating several greenfields targets that we have identified, potentially for drilling in 2027. I would like to thank Tembo Capital, Canaccord Genuity and others for their support through this acquisition process. I look forward to working with incoming Chairman Alan Pangbourne as we collaborate to advance the Northumberland Gold Project.

Alan Pangbourne, Chairman of StrikePoint, said "I'm delighted to join StrikePoint as Chairman at such a pivotal moment. Northumberland gives us a significant resource in one of the world's best mining jurisdictions. The Board's priority is to support Mike and his team in advancing it with discipline: high-quality technical work, careful capital allocation and strong governance, so that every dollar spent builds value for shareholders."

Shawn Khunkhun, Executive Director of StrikePoint, said, "We are thrilled to complete the acquisition of the Northumberland Gold Project, a significant milestone that positions StrikePoint as an exciting emerging gold explorer and developer in Nevada. Northumberland offers tremendous exploration and development potential in one of the world's premier gold jurisdictions. I look forward to working with the team to aggressively advance the Project and unlock significant value for our shareholders."

Initial Mineral Resource Estimate

The current MRE represents StrikePoint's initial MRE for the Project. The available drilling information includes 1,511 reverse-circulation and 37 core holes, drilled by previous operators of the Project, including Cyprus Mines Corporation, Western States Minerals Corporation, Newmont USA Limited, and Fronteer Development Group Inc. StrikePoint has not yet carried out any drilling or exploration activities at the Project.

The MRE was prepared by Mr. Hebert Lopes Oliveira, B.Sc., P.Geo., Principal Resource Geologist at SLR Consulting (Canada) Ltd. ("SLR"), who is an independent Qualified Person ("QP") for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The MRE has an effective date of July 31, 2026 and uses the CIM (2019) Estimation of Mineral Resources and Mineral Reserves (MRMR) Best Practice guidelines and the CIM (2014) definitions for Mineral Resources. SLR has estimated a mineral resource as follows:

Indicated Resource: 67,008 kt containing 2.71 Moz of gold ("Au") grading at 1.26 g/t Au with 11.60 Moz of silver ("Ag") grading at 5.38 g/t Ag. Combined, the gold and silver indicated mineral resource equates to 2.86 Moz of AuEq* at an average grade of 1.33 g/t AuEq*.

Inferred Resource: 30,967 kt containing 1.52 Moz of gold at a grade of 1.53 g/t Au with 4.26 Moz of silver at a grade of 4.28 g/t Ag. Combined, the gold and silver inferred mineral resource equates to 1.57 Moz of AuEq* at an average grade of 1.58 g/t AuEq*.

* For grades by individual metals, see Table 1 below, which includes the basis of the AuEq calculation.

Table 1: Northumberland Resource Estimate (Effective Date of July 31, 2026)

Category Tonnage
(kt) Grade
(g/t Au) Grade
(g/t Ag) Grade
(g/t AuEq*) Contained Metal
(Au oz) Contained Metal
(Ag oz) Contained Metal
(AuEq* oz) Indicated 67,008 1.26 5.38 1.33 2,709,000 11,599,000 2,857,000 Inferred 30,967 1.53 4.28 1.58 1,519,000 4,260,000 1,568,000 Notes:

The MRE was prepared by Mr. Hebert Lopes Oliveira, B.Sc., P.Geo., Principal Resource Geologist at SLR, who is an independent Qualified Person (QP) for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). This is the initial MRE for StrikePoint, and reflects revised price, cost, and technical assumptions over historical MREs, which should not be relied on. The MRE incorporates the CIM (2019) Estimation of Mineral Resources and Mineral Reserves (MRMR) Best Practice guidelines and the CIM (2014) definitions were followed for Mineral Resources. Metallurgical recoveries consider oxidation state as defined by sulphide content: < 0.5% (oxide) and ≥ 0.5% (fresh), and further subdivide fresh material into low, medium and high preg robbing categories as estimated from preg robbing values (PRV) and assumed as follows: Oxide material: 75% for both Au and Ag Fresh, low PRV material: 90% Au; 70% Ag Fresh, medium PRV material: 80% Au; 60% Ag Fresh, high PRV material: 60% Au; 40% Ag Gold Equivalent (AuEq) = Au(g/t) + (Ag(g/t) x (Ag price x Ag recovery / Au price x Au recovery)).Mineral Resources are estimated at variable AuEq cut-off grades based on long term prices of US$3,500 per gold ounce and US$55 per silver ounce and Au and Ag recoveries by material type as follows: 0.16 g/t (oxide); 0.31 g/t (fresh, low PRV); 0.35 g/t (fresh, medium PRV); and 0.47 g/t (fresh, high PRV). Mineral Resources are reported within an optimized pit shell, using the following assumptions: Overall pit slope angles of 45° Mining costs of US$2.12/tonne (t) mined G&A costs of US$1.35/t milled Processing costs of US$12/t milled (oxide); US$30/t milled (sulphide) In situ bulk density is 2.6 t/m3. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There are no Mineral Reserves at Northumberland. This Mineral Resource estimate includes Inferred Mineral Resources which have had insufficient work to classify them as Indicated Mineral Resources. It is uncertain but reasonably expected that Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. Numbers may not add or multiply accurately due to rounding. The effective date of the Mineral Resource Estimate for Northumberland is July 31, 2026 The QP is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors not discussed in this news release and the Technical Report that could materially affect the Mineral Resource estimate.Table 2: Pit Optimization Parameters and Calculation of Marginal Cut-Off Grades

Parameter Units Non Preg- Robbing (Oxides) Low Preg-Robbing Medium Preg-Robbing High Preg-Robbing Gold Price US$/oz3,500 3,500 3,500 3,500 Gold Payability %99.5 99.5 99.5 99.5 Selling Cost (Transport & Refining) US$/oz Au5.00 5.00 5.00 5.00 NSR Price US$/oz Au3,495 3,495 3,495 3,495 Metallurgical Recovery %75 90 80 60 Unit Operating Costs (Process + G&A) US$/t milled13.35 31.35 31.35 31.35 Marginal Cut-off Grade g/t0.16 0.31 0.35 0.47 The Northumberland deposit is open in multiple directions, and the property package has targets that may be subject to future exploration. Any potential expansion of the MRE would be subject to the results of further exploration.

Technical Report

A technical report titled "NI 43-101 Technical Report Northumberland Gold Project, Nevada, USA", with an effective date of July 31, 2026 (the "Technical Report"), was filed on SEDAR+ in connection with the Company's news release dated August 18, 2026. At the request of the TSX Venture Exchange (the "TSXV"), the Company filed an amended Technical Report on SEDAR+, as announced on September 29, 2026; there were no material changes to the Technical Report. The Technical Report supports the disclosure of the MRE for Northumberland. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Technical Report is available on SEDAR+ and on the Company's website at www.strikepointgold.com.

The Northumberland Gold Project

References to active mines and other mineral projects is for illustration purposes only. There can be no assurances the Company will achieve comparable results.

Project Location & Infrastructure

Northumberland is located approximately 150 kilometers by road from Tonopah, Nevada. Access is via paved highway and all-weather county road. Northumberland is located within the Walker Lane of Nevada, host to producers such as Kinross's Round Mountain Mine, located approximately 60 kilometers by road south of Northumberland. The Walker Lane is a prolific mineral trend with significant historical production, new discoveries (including AngloGold's Arthur Gold Project as well as Centerra's Goldfield Project, currently under construction) and operational mines including the Round Mountain Mine operated by Kinross. Northumberland's mineralization is considered a Carlin-style. References to other mining projects and operations are for geographic context only and are not intended to imply comparable economics, resources, or production potential.

Northumberland was initially discovered in the late 1800s. Significant oxide mineralization was discovered in the 1930s and was mined intermittently by various operators until 1991. Interests in the property were transferred to Nevada Western Gold LLC, which became a subsidiary of New West Gold in 2005. Fronteer Gold acquired Nevada Western's interest in Northumberland in 2007, before Fronteer, including Northumberland, was acquired by Newmont in 2011.

Transaction Structure

Under the Agreement, Nu Gold LLC, a wholly owned subsidiary of 1599044 B.C. Ltd. ("HoldCo"), a wholly owned subsidiary of StrikePoint, acquired from Newmont USA Limited and Fronteer Development LLC, each a subsidiary of Newmont, certain claims, fee lands, licenses, permits and equipment making up the Project, in consideration for (i) a cash payment in the amount of US$70 million paid on closing; and (ii) contingent payments of US$25 million within 120 days after the completion of a Feasibility Study on Northumberland and US$25 million within 120 days after the achievement of certain commercial production milestones at Northumberland. The Transaction was an arm's length transaction.

Share Consolidation and Brokered Offering

As announced on September 29, 2026, the Company completed a consolidation of all of its issued and outstanding common shares, options and warrants on the basis of ten (10) pre-consolidation securities for every one (1) post-consolidation security (the "Consolidation"), effective October 2, 2026. Immediately following the Consolidation, and prior to the conversion of the Subscription Receipts (as defined below), the Company had approximately 7,239,241 common shares issued and outstanding. The CUSIP number for the post-Consolidation common shares is 86332K509 and the ISIN is CA86332K5098.

As announced on September 9, 2026, 1599042 B.C. Ltd. ("FinCo"), a subsidiary of the Company, completed a bought deal private placement of 95,000,000 subscription receipts of FinCo (the "Subscription Receipts") at a price of C$2.00 per Subscription Receipt for aggregate gross proceeds of C$190 million (the "Brokered Offering"), which included the full exercise of the option granted to the Underwriter (as defined below). Canaccord Genuity Corp. ("Canaccord Genuity" or the "Underwriter") acted as sole underwriter for the Brokered Offering. Each Subscription Receipt entitled the holder thereof to receive one post-Consolidation common share in the capital of the Company (each post-Consolidation common share, a "Share") without any additional consideration or further action upon satisfaction of the Escrow Release Conditions (as defined below).

The net proceeds from the Brokered Offering were used to satisfy the cash component of the Transaction, and the balance will be used to advance exploration and development activities at Northumberland, and for general corporate purposes (less than 10%).

The gross proceeds from the Brokered Offering, less certain expenses of the Underwriter (the "Escrowed Proceeds"), were placed into escrow pending the completion or satisfaction of all escrow release conditions, including, among other things, the completion or satisfaction of all conditions precedent included in the Agreement and the receipt of all required corporate and regulatory approvals in connection with the Transaction (collectively, the "Escrow Release Conditions"), in accordance with a subscription receipt agreement among the Company, FinCo, the Underwriter and Computershare Trust Company of Canada, as subscription receipt agent (the "Subscription Receipt Agent"). The Escrow Release Conditions were satisfied on October 6, 2026, prior to the escrow release deadline of 5:00 p.m. (Toronto time) on October 24, 2026. Upon satisfaction of the Escrow Release Conditions, the cash commission payable to the Underwriter was released to the Underwriter from the Escrowed Proceeds, the balance of the Escrowed Proceeds (less certain expenses of the Subscription Receipt Agent) was released to the Company, and each Subscription Receipt was automatically converted into one Share upon the amalgamation of FinCo and HoldCo pursuant to an amalgamation agreement among the Company, FinCo and HoldCo. An aggregate of 95,000,000 Shares was issued upon conversion of the Subscription Receipts. The Shares issued on conversion of the Subscription Receipts are not subject to a restricted hold period under applicable Canadian securities laws.

In consideration for services rendered in connection with the Brokered Offering, the Company paid: (i) Canaccord Genuity a cash commission equal to 6% of the aggregate gross proceeds of the Brokered Offering, reduced to 3% in respect of the proceeds received from subscribers on a president' list of the Company; and (ii) Arlington Group Asset Management Limited ("Arlington") a cash commission of C$3,855,210. In addition, the Company issued an aggregate of 7,058,020 warrants (the "Warrants") to the Underwriter and to certain eligible arm's length parties, including Ventum Financial Corp. and Arlington. Each Warrant entitles the holder thereof to purchase one Share at a price of C$2.00 for a period of 24 months following the satisfaction of the Escrow Release Conditions. The Warrants will be subject to a hold period expiring four months and a day after issuance.

Certain directors, officers, and other insiders of the Company (collectively, the "Participating Insiders") purchased an aggregate of 137,000 Subscription Receipts pursuant to the Brokered Offering. Each issuance by the Company of securities to a Participating Insider in connection with the issuance of Subscription Receipts of FinCo to the Participating Insiders under the Brokered Offering is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 set out in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 as the fair market value of such transactions, insofar as they involve related parties, is not more than 25% of the Company's market capitalization. The Company did not file a material change report 21 days prior to the closing of the Brokered Offering because the terms of the Brokered Offering and insider participation had not been established at that time, and the Company elected to proceed with the Brokered Offering as expeditiously as possible and consistent with typical market timelines.

The Transaction constituted a "Fundamental Acquisition" pursuant to TSXV Policy 5.3. Trading in the Shares, which have been halted pending final approval of the TSXV and closing of the Transaction, is expected to resume on the TSXV on or about October 8, 2026.

Tembo Capital Participation and Royalty

As announced on September 9, 2026, Tembo Capital Holdings IV Guernsey Ltd. ("Tembo") purchased 20,300,000 Subscription Receipts in the Brokered Offering. Upon the conversion of the Subscription Receipts, Tembo beneficially owns and controls 20,300,000 Shares, representing approximately 19.9% of the issued and outstanding Shares on a non-diluted basis. Upon satisfaction of the Escrow Release Conditions, the investor rights agreement between the Company and Tembo Capital Mining GP IV Ltd., an affiliate entity of Tembo (the "Investor Rights Agreement"), became effective, pursuant to which Tembo has the right to nominate one representative to the Board of Directors of the Company, one representative on a newly formed technical committee, as well as certain participation rights as permitted by the policies of the TSXV.

In addition, concurrently with closing of the Transaction, the Company completed the sale to Tembo Capital Investments IV LP, an affiliate entity of Tembo, of a 0.5% net smelter return royalty over Northumberland for consideration of US$10 million (the "Royalty Sale"). The Company has the right to buy back half (0.25%) of the royalty for US$25 million at the earlier of five years after completion of the Royalty Sale or 120 days after the commencement of commercial production at Northumberland. An early warning report with respect to Tembo's holdings has been filed under the Company's SEDAR+ profile at www.sedarplus.ca.

Changes to the Board of Directors

Effective upon completion of the Transaction, Mr. Alan Pangbourne has been appointed to the Board of Directors of the Company as Chairman. Mr. Shawn Khunkhun, formerly Executive Chairman, will continue to serve as a director of the Company.

Advisors and Counsel

Canaccord Genuity acted as financial advisor to the Company and as sole underwriter of the Brokered Offering. DuMoulin Black acted as Canadian legal counsel to the Company and Parsons Behle & Latimer acted as U.S. legal counsel to the Company.

Qualified Person Statement

Hebert Lopes Oliveira, B.Sc., P.Geo., Principal Resource Geologist at SLR, is the QP who prepared the MRE. SLR is "independent" of StrikePoint as defined by Section 1.5 of NI 43-101.

The QP verified the data underlying the MRE disclosed in this news release, including data verification during a QP site visit on May 12, 2026 with collar verification, a database audit, and cross-checks against original laboratory certificates to validate assays. QA/QC reviews of certified reference materials, blanks, duplicates, and external checks confirmed acceptable accuracy and precision of the drilling data. Twin-hole correlations, survey/deviation and density checks, and sulphur and preg-robbing modelling were also completed to support geometallurgical domaining, and the QP determined that the data is suitable for the estimation of mineral resources. Identified limitations are that preg-robbing/sulphur coverage is sparse relative to the Au assay database; some metallurgical composites are not tied to specific drillholes/intervals; density data for disturbed materials are limited; and geotechnical support for 45° overall pit slopes is not presented.

All technical data and scientific data, as disclosed in this news release, have been reviewed and approved by Michael G. Allen, P.Geo., President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of NI 43-101.

About StrikePoint

StrikePoint is a Vancouver-based multi-asset gold exploration company focused on acquiring, defining and developing precious metals resources in the Western United States. StrikePoint's flagship project is the 100% owned Northumberland Gold Project located in Nevada's Walker Lane. In addition to Northumberland, StrikePoint owns a portfolio of exploration properties in Nevada, including the Hercules and Cuprite Gold Projects.

About Nevada

Nevada is one of the most globally recognized mining jurisdictions in the world, with over 218 Moz Au produced to date. Multiple large mining companies operate mines in the state, including Nevada Gold Mines (Barrick/Newmont), Kinross, SSR Mining, McEwen Mining, and Integra Resources.

ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.

"Michael G. Allen"

Michael G. Allen
President, Chief Executive Officer & Director

For more information, please contact:

Cautionary Statement on Forward-Looking Information

Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information are characterized by such terms as "anticipate", "target", "estimate", "plan", "expect", "potential", variants of these words and other similar words, phrases, or statements that certain events or conditions "could", "may", "will", or "would" occur. These forward-looking statements or information relate to, among other things: the intended use of the remaining proceeds from the Brokered Offering; the payment of the contingent consideration to Newmont following completion of a Feasibility Study and the achievement of certain commercial production milestones at Northumberland; the MRE, including the potential upgrade of Inferred Mineral Resources to Indicated Mineral Resources with continued exploration; the Company's exploration and development plans for Northumberland and the results thereof, including the exploration targets described herein and the potential expansion of the MRE; the potential for the location of the MRE on private land to simplify permitting; the timing and completion of a Feasibility Study and commercial production; the rights of Tembo under the Investor Rights Agreement and the Company's buyback right under the royalty held by Tembo; the anticipated resumption of trading in the Shares on the TSXV; and the expectation that existing drill permits will facilitate rig mobilization and efficient exploration, and the transfer or replacement of such permits following closing; the timing of the commencement of drilling, and the results thereof; and the assumptions used to define the mineral resources, including costs and assumed recoveries.

Such forward-looking information and statements are based on numerous assumptions, including, among others, that the MRE will not be materially revised, that further exploration at Northumberland will produce results consistent with management's expectations, that the Company will complete a Feasibility Study and achieve certain commercial production milestones at Northumberland as currently contemplated, that existing drill permits will be successfully transferred or replaced following closing, that required permits and approvals will be obtained on a timely basis, that trading in the Shares will resume on the TSXV within the timeframe anticipated by management, and that the Company will have access to sufficient capital to fund its planned exploration and development activities. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

All of the forward-looking statements made in this document are qualified by these cautionary statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to: business integration risks; the accuracy of the MRE, which is based on assumptions regarding metal prices, cut-off grades, recoveries and other parameters that may prove incorrect; the fact that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability; the risk that further exploration will not result in the delineation of additional mineral resources at Northumberland or the upgrade of Inferred Mineral Resources to Indicated Mineral Resources; delays in, or failure to complete, a Feasibility Study or achieve certain commercial production milestones at Northumberland, which would affect the timing of the contingent payments to Newmont; the risk that existing drill permits may not be successfully transferred or replaced following closing; delays in the resumption of trading in the Shares; fluctuations in gold and silver prices; market conditions and access to capital; and other risks associated with the mining industry, including permitting, environmental, title and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note for U.S. Investors Concerning Mineral Resources

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under the U.S. Securities and Exchange Commission ("SEC") modernization rules, known as "S-K 1300", and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a "measured mineral resource", "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category or converted into mineral reserves in accordance with S-K 1300. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC S-K 1300 standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this news release contains descriptions of the Company's mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317695

Source: StrikePoint Gold Inc.

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MassMutual Private Wealth & Trust FSB acquired a new position in shares of Newmont Corporation (NYSE:NEM – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,785 shares of the basic materials company’s stock, valued at approximately $1,590,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Newmont in the 2nd quarter valued at about $11,289,753,000. Van ECK Associates Corp purchased a new position in Newmont during the 2nd quarter worth approximately $671,197,000. Bank of New York Mellon Corp purchased a new position in Newmont during the 2nd quarter worth approximately $1,219,505,000. First Eagle Investment Management LLC acquired a new position in Newmont during the second quarter worth approximately $241,820,000. Finally, Amundi acquired a new position in Newmont during the second quarter worth approximately $209,411,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on NEM shares. Jefferies Financial Group decreased their price objective on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a report on Monday, July 6th. Bank of America cut their target price on shares of Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. The Goldman Sachs Group reduced their price target on shares of Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price target on shares of Newmont in a research note on Monday, August 24th. Finally, Citigroup lowered their price objective on shares of Newmont from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average target price of $134.26.

View Our Latest Analysis on NEM Newmont Price Performance Newmont stock opened at $115.93 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The business has a 50 day simple moving average of $119.01 and a 200-day simple moving average of $109.92. Newmont Corporation has a 12 month low of $76.05 and a 12 month high of $135.29. The stock has a market capitalization of $122.15 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.61 and a beta of 0.51.

Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same period last year, the firm posted $1.43 EPS. Equities analysts predict that Newmont Corporation will post 9.09 earnings per share for the current year.

Newmont Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Newmont’s payout ratio is currently 13.13%.

Insiders Place Their Bets In related news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00. Following the transaction, the executive vice president owned 34,315 shares of the company’s stock, valued at $3,939,705.15. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. This trade represents a 5.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 35,973 shares of company stock worth $3,927,169. Company insiders own 0.06% of the company’s stock.

Newmont Profile (Free Report)

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company’s activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.

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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Newmont Corporation (NEM - Free Report) , which belongs to the Zacks Mining - Gold industry, could be a great candidate to consider.

When looking at the last two reports, this gold and copper miner has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 21.27%, on average, in the last two quarters.

For the last reported quarter, Newmont came out with earnings of $2.1 per share versus the Zacks Consensus Estimate of $2.05 per share, representing a surprise of 2.44%. For the previous quarter, the company was expected to post earnings of $2.07 per share and it actually produced earnings of $2.9 per share, delivering a surprise of 40.10%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Newmont. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Newmont currently has an Earnings ESP of +6.16%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on October 22, 2026.

Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Newmont Corporation (NEM - Free Report) ended the recent trading session at $115.34, demonstrating a -1.49% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.25%. Meanwhile, the Dow lost 0.86%, and the Nasdaq, a tech-heavy index, added 0.24%.

Prior to today's trading, shares of the gold and copper miner had lost 4.52% was narrower than the Basic Materials sector's loss of 8.47% and lagged the S&P 500's loss of 0.42%.

The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. The company is slated to reveal its earnings on October 22, 2026. On that day, Newmont Corporation is projected to report earnings of $1.92 per share, which would represent year-over-year growth of 12.28%. Simultaneously, our latest consensus estimate expects the revenue to be $6.06 billion, showing a 9.66% escalation compared to the year-ago quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.09 per share and revenue of $25.96 billion, indicating changes of +31.93% and +14.52%, respectively, compared to the previous year.

It is also important to note the recent changes to analyst estimates for Newmont Corporation. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.86% higher within the past month. As of now, Newmont Corporation holds a Zacks Rank of #3 (Hold).

Looking at valuation, Newmont Corporation is presently trading at a Forward P/E ratio of 12.89. For comparison, its industry has an average Forward P/E of 12.35, which means Newmont Corporation is trading at a premium to the group.

It is also worth noting that NEM currently has a PEG ratio of 1.64. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining - Gold industry had an average PEG ratio of 0.95 as trading concluded yesterday.

The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 200, finds itself in the bottom 19% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Gold Defied the Fed’s Rate Hike—These 3 Plays Stand OutNewmont NYSE: NEM said it is focused on converting a constructive gold market, operational improvements and portfolio investments into sustainable per-share value, as the company reported record free cash flow during the first half of 2026.

In remarks at a company event, Natascha, Newmont’s CEO, said the miner has reshaped its business through portfolio integration and rationalization, balance-sheet strengthening and operating discipline. The company is now focused on extracting more value from its portfolio of 12 assets through consistent execution, productivity improvements and cost control.

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Bond Yields Are Pressuring Gold, But Miners May Tell a Different Story“The next level of transformation is going to be in ensuring that we execute on the underlying value in that portfolio,” Natascha said.

Newmont said operational performance, strong commodity prices and continued cost discipline generated a record $5.3 billion in free cash flow during the first six months of 2026. Through its second-quarter earnings call, the company had returned $4.6 billion to shareholders through quarterly dividends and share repurchases.

Capital Returns and Balance-Sheet Priorities Gold and Bitcoin Are Rebounding—2 ETFs Give Investors a Different Kind of ExposureThe company reiterated its capital-allocation framework, which prioritizes reinvestment in its portfolio, maintenance of a resilient balance sheet and return of excess cash to shareholders through dividends and buybacks.

Newmont said repurchases completed to date had reduced its share count by more than 100 million shares, or about 9%. The lower share count means each remaining share represents a larger interest in the company’s earnings, free cash flow and future growth opportunities, management said.

Based on buybacks already completed, Newmont said the formula in its capital-return framework would support a quarterly dividend of $0.27 per share at its next annual review. That would represent an 8% increase since the enhanced framework was introduced in February, according to the company.

Natascha said share repurchases will continue to be weighed against investments in development projects and the long-term potential of the business. Newmont has an additional $6 billion approved for share repurchases, she said, adding that the company has made progress under that authorization and can seek further board approvals as needed.

Nevada Joint Venture and Exploration Pipeline Management also highlighted the recently modernized agreement with Barrick involving Nevada Gold Mines. Natascha said the agreement enables what she described as the first unconstrained optimization of an integrated portfolio of assets in the district.

The arrangement should allow Newmont and Barrick to evaluate near-, medium- and long-term opportunities across the district and work toward realizing its full potential, she said.

Dave Thornton, Newmont’s newly appointed chief technical officer, said the company plans to invest about $240 million in exploration during 2026, with 80% directed toward brownfield growth opportunities. Thornton, who has more than 25 years of mining-industry experience and has worked at Newmont for more than a decade, said the company aims to better integrate its technical capabilities into operating sites and projects.

He identified several exploration areas that management views as promising:

Brucejack in British Columbia: Thornton said the Dozer Zone, located roughly 700 meters from existing infrastructure, could potentially be equivalent to the Valley of the Kings deposit that formed the basis for the Brucejack operation. Merian: Continued drilling is expanding the company’s view of the district’s potential, with Thornton saying the asset could potentially grow production to double current levels. Ahafo South in Ghana: Opportunities include continued depth potential at Subika and the Apensu underground area. Growth Projects and Cost Discipline Thornton said Newmont has characterized 2026 as a production trough year, with several projects expected to support future growth. Those include the conclusion of pre-stripping at Boddington, commissioning preparations for the TE2 expansion, two cave additions at Cadia, the CNE1 Cerro Negro expansion in Argentina and the Nearshore Barrier project at Lihir.

On costs, Natascha said Newmont reset its cost base last year and has delivered a material reduction in overall costs, including general and administrative expenses. Productivity efforts and the revised cost base have helped offset pressures from higher royalties, worker participation costs and uncertainty around energy prices, she said.

Management said it intends to maintain a cost-conscious culture across operations in order to protect margins generated by higher gold prices and direct capital toward the highest-return opportunities.

About Newmont (NYSE:NEM)Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company's activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NEM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Newmont Corporation (NEM - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this gold and copper miner have returned -8.3% over the past month versus the Zacks S&P 500 composite's +0.7% change. The Zacks Mining - Gold industry, to which Newmont belongs, has lost 12.2% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Newmont is expected to post earnings of $1.92 per share for the current quarter, representing a year-over-year change of +12.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +2.4%.

The consensus earnings estimate of $9.09 for the current fiscal year indicates a year-over-year change of +31.9%. This estimate has changed +0.9% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $10.08 indicates a change of +10.9% from what Newmont is expected to report a year ago. Over the past month, the estimate has changed +1.7%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Newmont is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Newmont, the consensus sales estimate for the current quarter of $6.06 billion indicates a year-over-year change of +9.7%. For the current and next fiscal years, $25.96 billion and $27.49 billion estimates indicate +14.5% and +5.9% changes, respectively.

Last Reported Results and Surprise HistoryNewmont reported revenues of $6.12 billion in the last reported quarter, representing a year-over-year change of +15.1%. EPS of $2.1 for the same period compares with $1.43 a year ago.

Compared to the Zacks Consensus Estimate of $6.35 billion, the reported revenues represent a surprise of -3.69%. The EPS surprise was +2.44%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Newmont is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Newmont. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Newmont Corporation (NEM - Free Report) closed the most recent trading day at $123.55, moving -2.92% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.76% for the day. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.

Heading into today, shares of the gold and copper miner had lost 5.83% over the past month, lagging the Basic Materials sector's loss of 5.25% and the S&P 500's gain of 1.26%.

Analysts and investors alike will be keeping a close eye on the performance of Newmont Corporation in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.92, reflecting a 12.28% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.06 billion, indicating a 9.66% increase compared to the same quarter of the previous year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.09 per share and revenue of $25.96 billion. These totals would mark changes of +31.93% and +14.52%, respectively, from last year.

Any recent changes to analyst estimates for Newmont Corporation should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.86% rise in the Zacks Consensus EPS estimate. Newmont Corporation is currently a Zacks Rank #3 (Hold).

From a valuation perspective, Newmont Corporation is currently exchanging hands at a Forward P/E ratio of 14.01. For comparison, its industry has an average Forward P/E of 13.95, which means Newmont Corporation is trading at a premium to the group.

We can also see that NEM currently has a PEG ratio of 1.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 1.

The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 203, finds itself in the bottom 18% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Purepoint Uranium Group Inc (TSX-V:PTU, OTCQX:PTUUF, FRA:P5X0) earlier this week highlighted encouraging radiometric results from its summer drilling at the Dorado project, where the first hole drilled at the Q24 target encountered a substantial interval of radioactivity.

CEO Chris Frostad told Proactive that the first hole at Q24 returned approximately 7.4 metres of radioactivity at 8,760 counts per second, including peaks of up to 50,000 counts per second.

Frostad said the result was particularly significant because it came from the first hole drilled in that specific target area, adding that it gave Purepoint valuable information to build on during its next program.

“For a first hole in a particular section, I think that's hugely relevant and gives us a lot to go on on our next program,” Frostad said.

He also highlighted the geological context of the result. The radioactivity was encountered at the unconformity, which Frostad described as a traditional setting for uranium in the Athabasca Basin, while chalcopyrite identified beneath it was cited as an indicator of hydrothermal activity.

Q24 also provides Purepoint with another target distinct from Nova and Q23 within the wider Dorado project. Frostad said Dorado, assembled with project partner ISO Energy, comprises around 100,000 hectares when the relevant properties are combined.

He noted that Purepoint had also encountered mineralization at Q23 during the summer work, but described the first Q24 hole as “something really striking”, adding: “This entire project is turning into quite a toy box for us.”

Several potential catalysts remain ahead as Purepoint evaluates the summer program. Assays are still pending, while the company also completed three-dimensional MobileMT geophysical surveys across the wider project.

Frostad said Purepoint plans to integrate those geophysical results with information obtained from drilling over the coming one or two months to refine its interpretation and decide where to focus next.

Purepoint is also working with ISO Energy to determine the budget for next year's program. Frostad said the company does not expect to return to drilling until January, but investors can expect further information before then covering the interpretation of results, their implications and plans for the next phase of exploration.