Newmont Posts Record Q1 FCF, Announces $6B Share Buyback
NEM has more than doubled off its 52-week low of $48.27.
Summary
Newmont reported exceptionally strong Q1 2026 results, highlighted by a record $3.1 billion in free cash flow, $7.31 billion in revenue (up 46% year-over-year), and adjusted EPS of $2.90. This robust financial performance has enabled the company to announce a significant $6 billion share buyback program, representing a material return of capital to shareholders. Additionally, Newmont increased its stake in Solitario to approximately 9.4% through a recent share acquisition, a strategic move to support Solitario's exploration. The strong earnings, particularly the record free cash flow, and the substantial buyback are highly positive developments that signal management's confidence and commitment to shareholder value.
At the time of this announcement, NEM was trading at $118.95 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $127B. The 52-week trading range was $48.27 to $134.88. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.