Newmont Corporation (NYSE: NEM) is closing out 2025 with momentum that few large-cap miners have matched. In the last completed U.S. session (Friday, December 19, 2025), Newmont shares finished at $101.29, rising 1.96% and ending the day just 0.82% below their 52‑week high of $102.13 (set on December 12). Trading activity also jumped: volume hit roughly 27.6 million shares, far above the 50‑day average of about 10.6 million, a sign that institutions and larger traders remain highly engaged in the name into year-end. ^[1]

The bigger story behind the rally is a powerful macro tailwind: gold’s ongoing strength, paired with Newmont’s operational leverage and a company-wide effort to streamline assets, reduce debt, and return capital…