Hong Kong Stock Concept Tracking | The world's largest gold miner expects production to decrease by 10% in 2026; institutions continue to be optimistic about precious metal prices (with concept stocks attached)

Newmont expects gold production to decline by 10% this year due to poor performance at two mines operated jointly with Barrick Gold.

The company announced record-breaking profit figures, with adjusted net income for Q4 2025 rising to $2.8 billion, or $2.52 per share.

Newmont forecasts that all-in sustaining costs will decrease to $1,680 per ounce in 2026, surpassing analyst expectations and indicating progress in cost control.

CITIC Securities Finance APP learned that Juan Carlos Artigas, CEO of the World Gold Council Americas and Head of Global Research, stated in an interview that rising risks and uncertainties are the primary factors currently affecting gold price valuation.

Additionally, central banks worldwide have been net buyers of gold for 16 consecutive years. The potential for emerging market central banks to purchase gold remains high, and gold is undergoing a “structural shift” driven by central bank demand and risk aversion.

Analysts at ING Group said that recent declines in gold prices appear to be corrective pauses rather than the start of a deeper decline. The short-term price trend of this precious metal remains highly sensitive to dollar fluctuations and overall risk appetite.

However, as liquidity in Asian markets normalizes and macroeconomic uncertainties persist, fundamental demand is expected to strengthen. “Further declines could attract new buying interest,” the analysts added.

Related companies in the precious metals sector:

Zijin Gold International (02259), G-Resources Group (03939), Zijin Mining (02899), Zhaojin Mining (01818), Laopu Gold (06181), China Gold International (02099), Lingbao Gold (03330), Luoyang Molybdenum (03993), among others.