Newmont Corporation remains a Buy, supported by robust financials, a new $6B buyback authorization, and long-term gold price tailwinds. NEM delivered a record $3.14B FCF in Q1 despite a >15% production drop, maintaining strong liquidity and advancing organic growth projects. 2026 is expected to be a production trough, with growth resuming in 2027 as key projects come online, and management targets 6M oz gold output.