NYSE$NEM

Newmont Mining Corp · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Newmont reported strong Q2 2026 results with record free cash flow and on-track full-year guidance.

Newmont produced 1.293 million attributable gold ounces and generated $2.9 billion in operating cash flow, resulting in record Q2 free cash flow of $2.2 billion. The company reported net income of $2.2 billion or $2.06 per diluted share and adjusted net income of $2.2 billion or $2.10 per diluted share. Newmont returned $1.9 billion to shareholders via dividends and share repurchases while maintaining a strong net cash position of $3.4 billion.

  • Produced 1.293 million attributable gold ounces and remained on track for full-year 2026 guidance of 5.26 million ounces.
  • Generated record Q2 free cash flow of $2.205 billion and returned $1.9 billion to shareholders through dividends and buybacks.
  • Reported net income of $2.202 billion ($2.06 per share) and adjusted net income of $2.246 billion ($2.10 per share).
  • Ended quarter with $9.009 billion cash and $3.411 billion net cash position, supporting $6 billion share repurchase program.

Headline financials

Total Revenue

$6.12B

Previous: $5.32B+15.1%
EPS (adj)

$2.10

Previous: $1.85+13.5%
Consolidated gold ounces sold

1.2M

No prior period
Average realized gold price

$4.41K

No prior period
Copper production (tonnes)

17.0K

No prior period
Silver production (ounces)

7.0M

No prior period
Gold by-product AISC

$1.62K

No prior period
Gold co-product AISC

$1.94K

No prior period
Attributable gold production

1.3M

No prior period
Free Cash Flow

$2.21B

Previous: $1.71B+28.9%
Net Income

$2.2B

Previous: $2.08B+6.1%
Operating Income

$3B

Previous: -$3.09B+197.0%
Cash & Equivalents

$9.01B

Previous: $6.19B+45.7%

Revenue & EPS history

Newmont · Revenue · Quarterly

$6.12B

Q2 2026+15.1%vs Q2 2025
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Newmont remains on track to achieve full-year 2026 guidance of 5.26 million attributable gold ounces at by-product AISC of $1,680 per ounce.

Tailwinds

  • Production weighted 51% to H2 2026 with multiple operations ramping.
  • Sustaining capital guidance unchanged at $1.95 billion.
  • Development capital guidance unchanged at $1.4 billion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-1.1%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-1.7%

Avg return

30 days after

38%

28 / 73 earnings

Positive

+10.7%

Q1 2024

Best reaction

-16.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-1.7%-3.1%-3.0%
Q4 2025-3.3%-0.4%-23.6%
Q3 2025-6.3%-10.4%-6.1%
Q2 2025+1.2%+0.8%+15.7%
Q1 2025+4.9%-0.4%+0.9%
Q4 2024-5.7%-9.4%-1.5%
Q3 2024-16.1%-17.6%-26.1%
Q2 2024-2.9%+0.4%+10.6%
Q1 2024+10.7%+5.3%+8.8%
Q4 2023-6.4%-10.7%+1.0%
Q3 2023+6.0%+1.9%+2.3%
Q2 2023-4.4%-3.5%-15.4%
Q1 2023+0.5%+1.9%-13.7%
Q4 2022-1.6%-1.4%+9.8%
Q3 2022-6.6%-3.1%+14.8%
Q2 2022-10.2%-11.9%-12.8%
Q1 2022-5.8%-6.4%-12.8%
Q4 2021-0.5%+1.1%+15.7%
Q3 2021-6.2%-4.9%-2.8%
Q2 2021-0.4%+1.6%-6.6%
Q1 2021-2.8%-0.3%+14.5%
Q4 2020-0.6%-0.3%+8.7%
Q3 2020+7.1%+13.7%-0.3%
Q2 2020+1.9%+3.5%-1.7%
Q1 2020-0.5%+2.9%-10.9%
Q4 2019+7.1%+6.4%-12.2%
Q3 2019-3.2%-5.9%+2.9%
Q2 2019-5.1%-4.0%+0.0%
Q1 2019-2.3%-3.5%-0.9%
Q4 2018+3.1%-1.2%-2.5%
Q3 2018-5.5%-2.4%+2.2%
Q2 2018-1.5%-2.1%-14.5%
Q1 2018+0.3%-3.2%-2.7%
Q4 2017+1.4%+0.7%+1.6%
Q3 2017-2.6%-1.6%-0.2%
Q2 2017+9.0%+9.3%+8.6%
Q1 2017-3.6%-0.9%-1.4%
Q4 2016-2.7%-2.5%-9.2%
Q3 2016-4.9%+1.2%-12.8%
Q2 2016-2.1%-3.0%+6.7%
Q1 2016+4.1%
Q4 2015+1.1%
Q3 2015+6.0%
Q2 2015-6.1%
Q1 2015+9.7%
Q4 2014+3.4%
Q3 2014-9.9%
Q2 2014-0.2%
Q1 2014+2.0%
Q4 2013-1.6%
Q3 2013-7.3%
Q2 2013+0.6%
Q1 2013-3.2%
Q4 2012+0.6%
Q3 2012-10.7%
Q2 2012-2.8%
Q1 2012+0.8%
Q4 2011-3.6%
Q3 2011+4.1%
Q4 2010+4.1%
Q2 2011-4.2%
Q1 2011+0.5%
Q3 2010-3.5%
Q2 2010-0.1%
Q1 2010+4.3%
Q4 2009+6.0%
Q3 2009+4.7%
Q3 2008+4.7%
Q2 2009-0.5%
Q1 2008-4.9%
Q1 2009-4.9%
Q4 2008-4.9%
Q2 2008-4.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro