NEM vs KGC — which stock performed better?

Newmont (NEM) versus Kinross Gold (KGC), Materials, on 2026-10-28.

Result

Newmont (NEM) performed better on 2026-10-28. NEM moved 1.730%, KGC moved 0.390%.

Why these two companies

Newmont, the world's largest gold miner, reported record third-quarter profit after the close on Thursday, October 22, 2026, yet its shares still fell 4.6% the next session as investors fixated on higher fourth-quarter costs. Kinross Gold faces its own version of that test on October 28, 2026 — the same day as this matchup — when it reports Q3 results after already cutting 2026-27 production guidance and seeing its stock sink to roughly 40% below its 52-week high. Pairing the sector's biggest name against a smaller rival reporting on game day captures the central question hanging over gold stocks: do record profits even matter if costs and guidance are moving the wrong way?

The research

Newmont digs up and sells gold at mines around the world and is the biggest gold mining company out there. Kinross Gold does the same job on a smaller scale, running mines in places like Mauritania, Brazil and the United States.

One reason someone might pick Newmont is that it's the bigger, more established name in gold mining, and it already reported its latest results last week, so there's no earnings surprise waiting in the wings before this game's session. One reason someone might pick Kinross is that it reports its own quarterly results on the very day of this matchup, which gives its stock a concrete event that could move the price a lot in either direction.

Something to keep in mind: gold mining stocks have been swinging hard lately as the price of gold itself has pulled back from recent highs, so both of these stocks can move sharply even without company-specific news. Kinross has also already told investors it expects to produce a bit less gold than originally planned, which has made some investors cautious heading into its report.