Key highlights

  • Newmont reported second-quarter 2026 Net Income of US$2.2 billion and adjusted EBITDA of US$3.8 billion on 23 July 2026.
  • Record second-quarter free Cash Flow was US$2.2 billion, and the company produced 1.3 million attributable gold ounces.
  • It declared a Dividend of US$0.26 per share and remains on track for full-year production guidance of 5.3 million attributable gold ounces.

Newmont Corporation (NYSE: NEM, ASX: NEM) announced its second quarter 2026 results on 23 July 2026 via a Form 8-K. The document provided is a quarterly report, not a full-year annual report. It covered gold production, costs, cash flow and Shareholder returns. Figures are in US dollars.

About Newmont

Newmont is a gold producer with operations and projects in North America, South America, Africa, Australia and Papua New Guinea. It is also a producer of copper, silver, lead and zinc, and its shares are listed in New York, on the ASX and on the Port Moresby exchange.

Second-quarter results

Reported net income was US$2.2 billion, and adjusted net income was US$2.2 billion, or US$2.10 per diluted share. Adjusted EBITDA was US$3.8 billion, and free cash flow was a record US$2.2 billion for a second quarter. The company produced 1.3 million attributable gold ounces, as well as 7 million ounces of silver and 17 thousand tonnes of copper.

Costs and guidance

Gold by-product Costs Applicable to Sales were US$1,043 per ounce, and all-in sustaining costs were US$1,621 per ounce. The company said year-to-date costs are tracking below its full-year cost guidance and that it is on track to meet full-year 2026 production guidance of 5.3 million attributable gold ounces.

Shareholder returns

Newmont delivered US$1.9 billion of shareholder returns through share repurchases and dividends since its last earnings call, and has reduced shares outstanding. The board declared a dividend of US$0.26 per share for the second quarter, payable on 28 September 2026 to holders of record.

Risks to consider

Gold prices were a driver of cash flow in the quarter, and a fall in prices would reduce earnings. The company is exposed to cost inflation, mine operating risk and geopolitical risk across several jurisdictions.

Share repurchases and dividends depend on continued free cash flow. The quarterly nature of the report means full-year guidance of 5.3 million ounces has not yet been achieved.

Catalysts to watch

Items to watch include delivery of full-year production guidance of 5.3 million attributable gold ounces, costs relative to guidance, the dividend payable on 28 September 2026, ongoing share repurchases, and the next quarterly result.