Newmont Corp. on Thursday reported third-quarter 2026 net income of $2.5 billion, or $2.35 per diluted share, and said it remains on track for full-year gold production guidance, according to the Denver-based miner's results release².

Reuters, in a headline that could not be read in full because the page was blocked, described the results as beating quarterly profit estimates on higher gold prices¹. Independent consensus figures were not confirmed in the company document².

Adjusted net income, a non-GAAP measure Newmont reports, was $2.3 billion, or $2.20 per diluted share, with adjusted EBITDA of $4.0 billion². The company produced about 1.3 million attributable gold ounces, plus 11 million ounces of silver and 23,000 tonnes of copper, mostly from managed operations².

The average realized gold price was $4,317 an ounce, down $97 from the prior quarter, including a $4,291 gross sales price and a $26 mark-to-market gain on provisionally priced sales². Gold by-product costs applicable to sales were $832 an ounce and all-in sustaining costs were $1,454 an ounce². Newmont said it improved full-year cost guidance to $925 and $1,520 an ounce, respectively, and is targeting 5.3 million attributable gold ounces for 2026².

Cash from operations was $2.8 billion after $565 million of working-capital effects, and free cash flow was $1.9 billion². The board declared a $0.26 dividend payable Dec. 21 to holders of record Nov. 25². Since the last earnings call, Newmont said it returned $1.9 billion through dividends and buybacks, including $1.6 billion of share repurchases, with $2.8 billion remaining on a $6.0 billion authorization².

Chief Executive Natascha Viljoen said the company "remains on track to achieve our full-year 2026 production guidance"². Newmont ended the quarter with $8.8 billion in cash, $12.8 billion of total liquidity and a $3.2 billion net cash position, before a planned $1.95 billion payment to Barrick under an amended Nevada Gold Mines agreement expected in the fourth quarter².

The company said it is advancing the Red Chris block-cave project toward a full-funds decision in early 2027 and that Tanami Expansion 2 shaft construction is complete, with commercial production now expected in the first half of 2027². How the stock reacted after the close, and how results compared with Wall Street estimates cited by Reuters, were not independently verified from the blocked Reuters article¹.

Sources

1. ReutersNewmont beats quarterly profit estimates on higher gold pricesOct 22, 4:45 PM
2. NewmontNewmont Reports Third Quarter 2026 Results with Record Third Quarter Adjusted Net Income; Positioned to Achieve Full-Year Guidance; Provides Update on Red Chris Block Cave ProjectOct 22, 4:45 PM

Read the original at Reuters ↗