Newmont Corporation (NEM) Q1 2026 Financial Results Summary

Denver, April 23, 2026 – Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) announced its first quarter 2026 results, declaring a dividend of $0.26 per share. The report highlighted impressive financial achievements alongside ongoing capital management strategies.

Key Financial Highlights

• Attributable Gold Production: Newmont produced 1.3 million ounces of gold, marking a 10% decrease compared to the 1.54 million ounces in Q1 2025.
• Silver Production: Increased by 29% to 9 million ounces, up from 7 million ounces in Q1 2025.
• Copper Production: Rose by 3% to 30 thousand tonnes.
• Average Realized Gold Price: A significant increase to $4,900 per ounce, representing a 23% increase from $2,944 per ounce in Q1 2025.
• Net Income: Reported at $3.3 billion, or $3.00 per diluted share, up from $1.89 billion or $1.68 in Q1 2025, reflecting a 74% increase in profit.
• Adjusted Net Income: Reached $3.2 billion, or $2.90 per diluted share, compared to $1.4 billion or $1.25 per diluted share in the prior year.
• Adjusted EBITDA: Increased by 96% to $5.2 billion from $2.6 billion in Q1 2025.
• Free Cash Flow: Achieved a record $3.1 billion, compared to $1.2 billion in Q1 2025, marking a 158% increase.

Cost Metrics

• Gold By-Product All-In Sustaining Costs (AISC): Reduced to $1,029 per ounce, a 21% decrease from $1,447 per ounce in Q1 2025.
• Costs Applicable to Sales (CAS) related to gold were $1.6 billion for the quarter, translating to $541 per ounce, which is 42% lower than $930 per ounce the previous year.

Shareholder Returns and Capital Management

• Dividends: Newmont declared a quarterly dividend of $0.26 per share, payable on June 22, 2026, to shareholders on record by May 27, 2026.
• Share Repurchase Program: Newmont's Board increased the share repurchase authorization by $6.0 billion following the completion of a previous program, where $2.4 billion of shares were repurchased since the last earnings call.

Operational Insights

• Newmont remains on track to meet its 2026 production guidance of 5.3 million attributable ounces of gold, driven by reliable operations at facilities like Cadia, Boddington, and others.
• Cash Position: Ended Q1 2026 with $8.8 billion in cash and a total liquidity of $12.8 billion.
• Debt Reduction: Gross debt reduced by $42 million since the last earnings report.

Conclusion

As of the end of Q1 2026, Newmont has successfully maintained a strong operational and financial performance, enhancing its commitment to shareholder returns through dividends and share repurchases while adhering to a disciplined capital allocation strategy. The outlook for the rest of 2026 seems optimistic as they navigate both their production targets and capital investments within their established framework.

Note: All amounts in the following tables are in millions.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited, in millions except per share)

2025(1)	2026(1)
Q1	Q2	Q3	Q4	FY	Q1	Q2	Q3	Q4	YTD
Sales	5,010	5,317	5,524	6,818	22,669	7,307
Costs and expenses
Costs applicable to sales	2,106	2,001	1,951	2,027	8,085	1,937
Depreciation and amortization	593	620	643	665	2,521	632
Reclamation and remediation	93	83	123	-50	249	78
Exploration and advanced projects and research	49	61	65	68	243	51
General and administrative	110	95	86	91	382	79
Impairment charges	15	9	39	779	842	9
(Gain) loss on sale of assets held for sale	-276	-699	-99	8	-1,066	—
Other expense net	28	39	100	119	286	10
	2,761	2,249	2,948	3,750	11,708	2,841
Other income (expense)
Change in fair value of investments	291	151	38	124	604	87
Interest expense net of capitalized interest	-79	-65	-52	-33	-229	-39
Income (loss) before income and mining tax and other items	2,471	3,118	2,507	3,246	11,342	4,583
Income and mining tax benefit (expense)	-647	-1,092	-787	-2,070	-4, Disclaimer The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments carry risk and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from the use of this information.