Why Newmont Stock Collapsed in June, And What to Expect Next

Newmont stock fell 14.9% in June as gold prices crashed into a bear market, declining over 25% from record highs despite inflation and geopolitical tensions. The decline was triggered by rising U.S. Treasury yields outcompeting gold as investors sought safer returns. Adding pressure, Newmont guided for lower production (5.3M ounces vs 5.9M in 2025) and higher costs ($1,680 vs $1,358 per ounce), creating margin compression. However, the company maintains a strong $3.2 billion net cash position and recently doubled its buyback authorization, suggesting management sees the dip as a buying opportunity.