Highlights

  • Newmont Reported Net Income of USD 3.3 billion and Adjusted Net Income of USD 3.2 billion, reflecting a significant increase driven by higher realized gold and silver prices.
  • Generated USD 3.8 billion in operating cash flow and a record USD 3.1 billion in Free Cash Flow for the first quarter of 2026.
  • Declared a Q1 2026 dividend of USD 0.26 per share. Newmont also authorized an additional USD 6.0 billion share repurchase program.
  • Produced 1.3 million attributable gold ounces, remaining on track to meet the full-year 2026 production guidance of 5.3 million ounces.
  • Ended the quarter with USD 8.8 billion in cash and USD 12.8 billion in total liquidity, maintaining a solid net cash position of USD 3.2 billion.

Newmont Corporation (ASX:NEM) has released its financial results for the first quarter of 2026, showcasing a period of significant growth and financial discipline. The company’s performance was bolstered by favorable commodity prices and the successful execution of its operational strategies, coinciding with a positive reception in the market as the stock remains up 82.62% over the past year.

As of 24 April 2026, Newmont (ASX:NEM) shares were trading at AUD 155.59, marking a 0.72% gain for the day. This market activity arrives alongside the company's disclosure of robust quarterly figures that highlight its transition toward leaner operations and improved capital allocation.

Robust Earnings and Operational Efficiency

For the three months ended 31 March 2026, Newmont reported a Net Income of USD 3.3 billion, a substantial improvement compared to the prior-year period. This growth was primarily attributed to higher average realized prices for gold and silver, alongside lower costs applicable to sales resulting from the completion of the company’s 2025 divestiture program. Adjusted Net Income reached USD 3.2 billion, or USD 2.90 per diluted share.

Operational output remained steady, with Newmont producing 1.3 million attributable ounces of gold and 258 thousand attributable gold equivalent ounces from co-products, including silver, copper, lead, and zinc. The Gold by-product All-In Sustaining Costs (AISC) were reported at USD 1,029 per ounce. This performance was supported by increased sales volumes and ongoing productivity initiatives across the company’s managed operations, keeping Newmont on track to achieve its full-year 2026 production guidance of 5.3 million attributable gold ounces.

Record Free Cash Flow and Capital Allocation

Newmont’s financial health was a major highlight of the quarter, with the company generating USD 3.8 billion in cash from operating activities. After accounting for working capital impacts, Newmont reported a record Free Cash Flow of USD 3.1 billion. This strong cash generation has empowered the company to execute its enhanced capital allocation framework, which includes both debt reduction and shareholder returns.

Since the last earnings call, Newmont has delivered USD 2.7 billion to shareholders through a combination of share repurchases and dividend payments. Building on this momentum, the Board of Directors has authorized an additional USD 6.0 billion share repurchase program, to be executed at the company’s discretion. The company ended the quarter with a strong liquidity position, holding USD 8.8 billion in cash and USD 12.8 billion in total liquidity, with a net cash position of USD 3.2 billion.

Dividend Declaration and Future Outlook

Reflecting its commitment to returning capital to investors, Newmont’s Board of Directors has declared a dividend of USD 0.26 per share of common stock for the first quarter of 2026. The dividend is scheduled to be paid on 22 June 2026 to shareholders of record as of the close of business on 27 May 2026.

For holders of CHESS Depositary Interests (CDIs) on the ASX, the dividend will be paid in Australian dollars by default, though investors may elect to receive payments in US or New Zealand dollars. The company continues to advance its core portfolio and remains focused on delivering value through disciplined mining practices and strategic capital management throughout the remainder of 2026.