异动解读 | 纽曼矿业夜盘大跌5.58%,现金流警告引发投资者担忧

异动解读
Oct 24, 2025

全球最大黄金生产商纽曼矿业(Newmont Mining)周四夜盘大跌5.58%,尽管公司第三季度业绩超出预期,但对未来现金流的警告引发了投资者的担忧。

纽曼矿业在财报中公布,第三季度利润超出市场预期,主要得益于创纪录的高金价,帮助抵消了较低的产量影响。公司本季度实现的平均金价为每盎司3539美元,远高于去年同期的2518美元。然而,由于矿石品位下降、部分矿区维护以及加纳Subika矿的开采完成,公司黄金产量下降15%至142万盎司。

尽管季度业绩亮眼,但纽曼矿业警告称,由于亚纳科查水处理设施建设成本上升以及计划支付的遣散费用,第四季度的自由现金流将受到"不利影响"。这一警告似乎是引发股价大跌的主要原因。此外,公司表示2026年的黄金产量预计将接近2025年预测的下限,这可能进一步加剧了投资者的担忧。在当前黄金价格高企的背景下,投资者对公司未能充分利用有利市场环境感到失望,导致股价承压。

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