What smart money is saying about Newmont Corporation
1 fund in our archive has pitched Newmont Corporation, most recently PM Capital Global Companies Fund, Australian Companies Fund & Enhanced Yield Fund in September 2026.
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.
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Fund signal · last 12 months
11 lettersMore funds are selling than buying
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q3 2025 and Q3 2026, 12 fund letters reported a position in Newmont Corporation, with 1 buy (opened or added) and 6 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 1 | 1 |
| Q2 2026 | 8 | 0 | 5 | 0 |
| Q3 2025 | 1 | 1 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 12 positions · 9 moves
- September 2026
“Stock selection in the materials sector positively contributed to overall performance as gold producer Newmont rose with gold prices and reported strong free cash flow.”
Newmont Corporation - September 2026
“Newmont’s outperformance was largely company specific.”
Newmont Corporation - August 2026
“Gold miners Newmont (+35%) and Northern Star (+18%) benefited from strength in the gold price and stock specific re-rating following earnings and strategic announcements. The 10% increase in the gold price during the month reflected a combination of continued central bank buying, real rate compression, and growing investor focus on sovereign debt sustainability across major developed markets. We took advantage of the relative market movements to manage position sizing, reducing Newmont and increasing Northern Star.”
Newmont Corporation - June 2026
“The fund increased 1.4% for the month, led by strong gains in global banking, which were partially offset by transient headwinds in the precious metals sector. European banks led performance, with Barclays, Lloyds, and CaixaBank rallying 7-11%. The primary drivers were the continuation of a supportive interest rate environment and the emergence of sustained lending growth across Europe. Despite delivering superior profitability, maintaining pristine balance sheets and continuing to return excess capital to shareholders, European banks still trade on valuations of less than 10x earnings while generating double-digit earnings growth. Bank of America and Wells Fargo rallied 10% and 7% respectively, with the US banking sector benefitting from two structural catalysts. The first was the Federal Reserve's annual stress test results, which cleared major banks to deploy their sizeable excess capital reserves. The second was a hawkish shift in market expectations, with investors increasingly fearing stickier inflation and the possibility of future interest rate hikes. Conversely, this macro repricing of US interest rate expectations contributed to a -12% decline in the gold price, weighing on Newmont Mining, which fell -15%.”
Newmont Corporation - June 2026
“The Fund’s materials exposure dragged as rotation within the commodity space saw profit taking from our overweight in the mining sector (including Agnico Eagle Mines and Newmont Corporation).”
Newmont Corporation - June 2026
Listed in Liontrust Global Dividend Fund’s reported holdings.
Newmont Corporation - TrimmedLiontrust Global Alpha FundJune 2026
“The Fund’s materials exposure dragged as rotation within the commodity space saw profit taking from our overweight in the mining sector (including Agnico Eagle Mines and Newmont Corporation).”
Newmont Corporation - June 2026
“The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart.”
Newmont Corporation - June 2026
Listed in Liontrust GF Global Dividend Fund’s reported holdings.
Newmont Corporation - TrimmedLiontrust Balanced FundJune 2026
“The Fund’s materials exposure dragged as rotation within the commodity space saw profit taking from our overweight in the mining sector (including Agnico Eagle Mines, Newmont Corporation and Barrick Mining) .”
Newmont Corporation - June 2026
“Trading activity Having bought dislocation in the first quarter, we spent the second selling strength. Five of the quarter’s ten largest contributors were exited outright: SK Hynix, SanDisk, Applied Materials, Credo and Ciena, the last having doubled over the half year. The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart. With Boston Scientific, Shopify and Mercadolibre discussed above, the quarter’s dealing totalled seventeen positions sold and seventeen initiated: unusually high turnover for this Fund, and a deliberate response to the concentration above.”
Newmont Corporation - New positionCI Australian Equities FundSeptember 2025
“Gold Gold continues its exceptional run at the commodity level, surging 65% calendar year-to-date and more than doubling over the last two years. The current scale of this rally stands out with three major historical gold bull markets: Whilst the ultimate catalyst for each of these bull cycles diered - stagnant growth/double-digit ination and oil shock of the late 70s, to the Global Financial Crisis (GFC), and the trade tensions of 2018/19 ultimately in the lead up to the COVID-19 pandemic in 2020 - a single, consistent patterns underlies all three as well as the environment we are undoubtedly experiencing today: heightened geopolitical and/or economic uncertainty. In these environments, gold has consistently performed as a safe-haven asset. As such we have added Newmont Corporation (NEM) to the portfolio.”
Newmont Corporation
Fund coverage · 1 thesis
Newmont delivered record free cash flow and settled its Nevada dispute favourably, adding the low-cost, long-life Fourmile discovery to its joint venture.
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