By Katherine Hamilton

Newmont posted higher sales and profit in the fourth quarter as the price of gold was up 60% from the year before.

The gold-mining company on Thursday posted a profit of $1.30 billion, or $1.19 a share, compared with $1.40 billion, or $1.24 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $2.52, ahead of the $2.05 anticipated by analysts, according to FactSet.

Revenue rose 21% to $6.82 billion. Analysts surveyed by FactSet forecast revenue of $6.19 billion.

The average realized gold price was $4,216 in the fourth quarter, up 60% from the previous year. The spot price of gold reached a record high in January, breaking past $5,000 per troy ounce for the first time.

Attributable gold production increased 2% driven by the addition of new low-cost ounces at Ahafo North and higher grade and production at other sites.

Newmont anticipates 2026 production will be about 5.3 million troy ounces, including 3.9 million ounces from its managed operations.

It plans to spend about $1.4 billion to progress development on projects including the Cadia Panel Caves, Tanami Expansion 2 and the feasibility study at the Red Chris Block cave project.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

Newmont's profit fell in the fourth quarter. "Newmont 4Q Profit, Sales Climb Amid Surging Gold Prices," at 4:37 p.m. ET, incorrectly said fourth-quarter profit rose.

(END) Dow Jones Newswires

February 19, 2026 18:16 ET (23:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.