Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Analyst
Tanya Jakusconek
Period: Reporting periods mapped to calendar 2025 Q1 – 2026 Q2 (6 quarters).
- Questions
- 13on tracked calls
- Challenge rate
- 8%1 of 13 questions
- Companies
- 1questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 13 of 13 questions from 1 company
NEMNewmont13 questions · 6 reporting periods · 1 of 13 challenging
Calendar 2026 Q2
your 2026 guidance provided an inflation expectation of about 3%. Should I still be thinking that
Show response
CFO called the broad inflation assumption fair but conceded an uptick from the $70 Brent assumption, without restating a range.
besides fuel that we’ve talked about in terms of any, any pressures for you, are you seeing anything else
Show response
CFO reported no availability concerns and said scenarios are run for mitigating action, while flagging stickiness of inflation as the watch item.
Do you think you have the correct number of mines or critical mines that you have in place
Show response
CEO said all 12 operations compete for capital and stay in the portfolio, while confirming continual evaluation and a sequenced greenfields pipeline.
Calendar 2026 Q1
I'm just trying to understand how long this process is going to take
Show response
Pressed on timeline, management offered no specifics beyond hoping for near-term resolution, characterizing the process as iterative with questions and follow-up questions.
where we are on the whole process with the default that was issued on February of this year with respect to Nevada Gold Mines
Show response
Management confirmed the default process is ongoing with no set timeline, describing an iterative exchange of information with Barrick but providing no specifics on expected resolution.
Calendar 2025 Q4
Can you just provide us just the process from this default and how we go forward and if it's not resolved?
Show response
Peter Wexler deferred to the publicly filed JV agreement, noting it contains detailed timelines for dispute resolution and jurisdictional details. Would not comment beyond what is publicly available.
I'm interested in your views on -- as you've had time to spend time on the property and look at what needs to be done to maximize shareholder value. Can you review with us what you think we need to...
Show response
Natascha and Francois described a district-level approach to NGM improvement: filling mills effectively, blending material types, and optimizing plans across the portfolio rather than site-by-site. Timeline described as ongoing with a December review completed.
Calendar 2025 Q3
is that information the feasibility study that we need to wait on? Or is there something else before that?
Show response
Confirmed Fourmile decision depends on Barrick's feasibility study expected in 2029. No interim decision points before that.
Should I be assuming that in February, our $1 per share dividend remains intact and constant?
Show response
Natascha would not commit to dividend increase, deferring to quarterly Board review. Acknowledged possibility but gave no indication either way.
Calendar 2025 Q2
where do you see the greatest bang for your buck in terms of productivity?
Show response
Natascha identified Lihir (diverse improvement opportunities) and Cerro Negro (pure productivity challenge) as bookends. Peñasquito and Cadia highlighted as sources of best-practice learnings across portfolio.
you mentioned they're noncore. So those ones could be divested of -- you mentioned Orla, you have an equity investment in that as well. Is that noncore
Show response
Tom confirmed both Greatland Gold and Orla Mining are noncore. Lundin Gold 32% stake remains comfortable and core, strong asset operated by Ron Hochstein.
Calendar 2025 Q1
When you look at your cost structure, I'm interested in what part of your cost structure do you think will be greatly impacted by the addition of tariffs?
Show response
Tom walked through each cost component: labor (50%, no impact), materials (30%, some grinding media pressure from steel), energy (15%, tailwinds from oil). Overall consistent with budget.
Are you having to replace any significant fleet trucks at the operations this year?
Show response
No major fleet changeover planned. Minor tariff exposure at Penasquito and Red Chris for US-sourced parts, but nothing material in the overall scheme.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| NEM Newmont | 13 | 8%1 of 13 questions |
- NEMNewmont · 13 questions8%1 of 13 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | 2 | 0%none of 2 questions | 1 |
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
| 2026 Q1 | 2 | 0%none of 2 questions | 1 |
| 2026 Q2 | 3 | 33%1 of 3 questions | 1 |
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q23 questions · challenge rate 33% (1 of 3 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Cost Pressure5
- Trade Tariffs3
- Capital Allocation3
- M&A3
- Regulation Policy3
- Competitive Dynamics2
- Capex Investment2
- Macroeconomic1
- Supply Chain1
- Margin1