Newmont beats expectations with third-quarter earnings boost
- Newmont Corporation delivered adjusted net income of US$2.20 per share for the third quarter of 2026, topping market estimates.
- Strong operational performance generated US$2.8 billion in operating cash flow and supported US$1.5 billion in shareholder returns.
- The company maintained its full-year gold production target of 5.9 million ounces while lowering its cost outlook.
Newmont Corporation (ASX:NEM) reported third-quarter adjusted net income of US$2.20 per share, surpassing consensus estimates by 13.4% on higher gold sales volumes.
The adjusted result marks a 28.7% surge compared with the US$1.71 per share reported in the same period last year.
“Newmont remains on track to achieve our full-year 2026 production guidance and improved full-year cost outlook, supported by disciplined operational execution in the third quarter,” said Newmont Corporation President and CEO Natascha Viljoen.
The miner lowered its full-year gold all-in sustaining cost guidance to US$1,520 per ounce while generating US$1.9 billion in free cash flow during the quarter.
Following the announcement, the Newmont Corporation share price was up at $157.35.
The business completed shaft construction at its Tanami Expansion 2 project ahead of schedule, with commercial production anticipated in the first half of 2027.
The miner closed the quarter with US$8.8 billion in cash reserves and total available liquidity of US$12.8 billion.
