Newmont Corporation experienced an increase in fourth-quarter sales, driven by a 60% year-over-year rise in gold prices. The gold mining company released its financial results on Thursday, reporting a quarterly profit of $1.3 billion, or $1.19 per share, compared with a profit of $1.4 billion, or $1.24 per share, in the same period last year. According to financial data provider FactSet, the company's adjusted earnings per share, excluding certain one-time items, were $2.52, surpassing analysts' expectations of $2.05. Revenue rose by 21% to $6.82 billion, exceeding the $6.19 billion forecast by analysts surveyed by FactSet. The average realized gold price in the fourth quarter was $4,216 per ounce, representing a 60% increase compared to the prior year. In January, spot gold prices reached a record high, surpassing $5,000 per troy ounce for the first time. Attributable gold production increased by 2%, supported by new low-cost output from the Ahafo North mine and improved ore grades and production levels at other mining sites. Newmont anticipates gold production of approximately 5.3 million troy ounces in 2026, with 3.9 million ounces expected from its own operations. The company plans to invest around $1.4 billion to advance development work, including feasibility studies for the Cadia panel caving project, the Tanami expansion phase two, and the block caving project at Red Chris.