Newmont Corporation Earnings Recaps
Q2 2026
Jul 25, 2026
Shares fell 2.7% following a cautious outlook highlighted by operational pressures such as rising oil prices impacting costs and slower recovery at key operations, dampening investor enthusiasm despite steady production.
Key takeaways
- Q2 gold production reached 1.3 million ounces, supported by early delivery of ounces at Yanacocha and stronger output at Lihir.
- Cash flow from operations stood at $2.9 billion, with a quarterly free cash flow record of $2.2 billion.
- Shareholder returns included approximately $1.9 billion in dividends and buybacks year to date, with over 100 million shares repurchased since program inception.
- Recovery efforts at Cadia continue following a seismic event, with operations resuming but development still constrained by regulatory approvals, implying some operational risk.
- Rising oil prices contributed to higher costs, challenging margin expansion despite efforts to maintain discipline on cost control.
Q3 2025
Oct 25, 2025
Newmont's Q3 2025 results reflect strategic progress and strong financial performance, highlighted by record cash flow and a solid balance sheet, as the company transitions leadership to Natascha Viljoen.
Key takeaways
- Generated a record $1.6 billion cash flow in Q3, contributing to an all-time annual record of $4.5 billion.
- Completed a successful asset divestment program, yielding nearly $640 million in cash proceeds.
- Achieved a near zero debt position after retiring $2 billion in debt and received a Moody's upgrade to A3 credit rating.
- Declared commercial production at the Ahafo North mine, expanding Newmont's footprint in Ghana with an initial 13-year mine life.
- Returned $823 million to shareholders through dividends and share repurchases since the last earnings call.