Newmont Q3 2026: $2.3B Adjusted Net Income, $1.9B Free Cash Flow, Improved Cost Guidance
NEM sits 51% above its 52-week low of $76.047.
Summary
Newmont delivered Q3 2026 adjusted net income of $2.3 billion ($2.20 per diluted share) on 1.3 million attributable gold ounces and $1.9 billion of free cash flow, and improved full-year cost guidance while keeping production guidance intact.
Key Events · Earnings and Guidance · NEM
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Q3 Earnings Beat With Record Adjusted Income
Reported net income of $2.5 billion, or $2.35 per diluted share, and adjusted net income of $2.3 billion, or $2.20 per diluted share, on 1.3 million attributable gold ounces produced.
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Full-Year Cost Guidance Improved
Gold by-product CAS guidance cut to $925/oz and AISC to $1,520/oz, while the 5.3 million ounce production target is unchanged.
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Buybacks and Dividend Continue
$1.6 billion of shares repurchased since July 23, 2026, leaving $2.8 billion under the $6.0 billion authorization; a $0.26 quarterly dividend was declared payable December 21, 2026.
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Red Chris Capital Estimate and Timing
Block cave development capital estimated at $4.2-$4.8 billion on a 100% basis, net of an anticipated CAD$500 million Canadian government contribution, with a full-funds investment decision now expected in early 2027 and commercial production targeted for 2033.
Analysis · NEM · Energy & Transportation
Newmont's Q3 results keep the full-year production target of 5.3 million attributable gold ounces in reach while lowering the cost bar: gold by-product CAS guidance drops to $925/oz and AISC to $1,520/oz. The quarter produced $2.5 billion of net income ($2.35 per diluted share) and $1.9 billion of free cash flow, and the company returned $1.9 billion to shareholders since the last call, including $1.6 billion of buybacks that leave $2.8 billion under the $6.0 billion authorization. The balance sheet ended with $8.8 billion of cash and a $3.2 billion net cash position before the planned $1.95 billion Barrick payment tied to the amended Nevada Gold Mines agreement. The main new capital item is Red Chris: development capital is now estimated at $4.2-$4.8 billion on a 100% basis, with a full-funds investment decision pushed to early 2027 and first commercial production targeted for 2033.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 36.9% of the 1013 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NEM was trading at $114.59 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $120.2B. The 52-week trading range was $76.05 to $135.29. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.