AngloGold Ashanti is the preferred gold mining stock over Newmont for 2026, driven by a significantly higher forward dividend yield of 5.7% compared to Newmont's 1.1%. AngloGold Ashanti's revenue is projected to jump 37% to $13.2 billion, while Newmont's revenue is expected to rise 25% to $28.3 billion. Both companies benefit from gold prices remaining well above their all-in sustaining costs, with AngloGold at $1,751 per ounce and Newmont at $1,680 per ounce. AngloGold Ashanti trades at a forward price-to-earnings ratio of 10.2 times and a price-to-sales ratio of 3.7 times, versus Newmont's 9.4 times and 4.1 times respectively. The analysis highlights AngloGold's stronger dividend payout as the key differentiator despite Newmont's larger scale and higher free cash flow of $7.3 billion.
Newmont Goldcorp CorpAngloGold Ashanti preferred over Newmont due to higher dividend yield; Newmont's lower yield makes it less attractive
AngloGold Ashanti plc
Barrick Mining CorporationGold prices remain well above all-in sustaining costs, benefiting gold miners; positive for gold demand outlook