Gold Mining Leader Surges 11 Trillion Won in Market Cap Amid Gold Price Rollercoaster

Newmont Corporation (NYSE: NEM) closed at $115.32 on the New York Stock Exchange on the 6th, up 6.31%, lifting its market capitalization to about $125.8 billion (roughly KRW 164 trillion). On that day alone, its market cap grew by approximately $8.5 billion (around KRW 11 trillion), and trading volume reached 5.12 million shares.

The previous day, Newmont’s shares plunged more than 7% amid a sharp sell-off in precious metals prices and news of a full suspension of operations at the Tanami mine in Australia’s Northern Territory following a fatal accident, heightening volatility.

The company is set to announce its Q4 and full-year 2025 results after U.S. market close on February 19 and host a conference call, with investors eyeing the timeline for Tanami’s restart and the forthcoming guidance as key factors that will drive the stock.

Headquartered in Denver, Newmont is the world’s largest gold producer, demonstrating robust cash-generating power with $3.4 billion in net income and approximately $8.7 billion in adjusted EBITDA for 2024.

As gold prices surpassed $4,600 per ounce in 2025–2026, entering an all-time-high “supercycle,” Newmont’s stock has emerged as a prime leveraged play on gold, delivering triple-digit percentage gains over 2025.