Newmont Posts Record Q3 Adjusted Net Income of $2.3B, Lifts Full-Year Cost Guidance
NEM sits 51% above its 52-week low of $76.047.
Summary
Newmont reported Q3 2026 adjusted net income of $2.3 billion, or $2.20 per diluted share, on 1.3 million attributable gold ounces, $6.36 billion of sales and $1.9 billion of free cash flow, with net income topping $2.4 billion and EPS of $2.35. The company ended the quarter with $8.8 billion of cash and $12.8 billion in total liquidity, with a net cash position of $3.2 billion. It improved its full-year 2026 cost outlook to $925 per ounce CAS and $1,520 per ounce AISC while reaffirming production guidance at 5.3 million ounces, though it warned of a rise in fourth-quarter unit costs. Newmont returned $1.9 billion to shareholders since the last earnings call, including $1.6 billion of buybacks, and declared a $0.26 quarterly dividend. The Red Chris Block Cave update is the other headline: total development capital is now estimated at $4.2-4.8 billion, with a full-funds investment decision expected in early 2027 and commercial production targeted for 2033. Tanami Expansion 2 is running ahead of schedule, with commercial production now expected by the end of the first half of 2027. Watch the planned $1.95 billion payment to Barrick in Q4 and El Niño water-supply risk at Lihir, which management flagged as a possible hit to fourth-quarter production and costs.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.