Newmont Q2 Net Income $2.20B; Diluted EPS $2.06; Sales $6.12B
Newmont reported strong financial results for Q2 2026, with net income attributable to stockholders increasing to $2,202 million, or $2.06 per diluted share, driven by higher average realized gold prices. Sales rose to $6,118 million, and Adjusted EBITDA increased by 25% to $3,757 million. The company also generated $6,709 million in net cash from operating activities for the first six months of 2026, a 52% increase year-over-year. However, the quarter saw operational challenges, including the temporary suspension of Cadia operations due to seismic activity. Newmont also disclosed identifying evidence of mismanagement at Nevada Gold Mines (NGM) and is exercising its contractual inspection and audit rights. The company repurchased $3,462 million of common stock and declared a dividend of $0.26 per share.
Key Highlights
- Net income attributable to Newmont stockholders rose to $2,202 million in Q2 2026, up from $2,061 million.
- Diluted EPS increased to $2.06 in Q2 2026 from $1.85 in the prior-year quarter.
- Sales reached $6,118 million in Q2 2026, compared to $5,317 million in Q2 2025.
- Adjusted EBITDA grew 25% to $3,757 million in Q2 2026.
- Net cash provided by operating activities for six months was $6,709 million, a 52% increase.
- Newmont identified evidence of mismanagement at Nevada Gold Mines (NGM) and is exercising inspection rights.
- Operations at Cadia were temporarily suspended following seismic activity on April 14, 2026.
- The company repurchased $3,462 million of common stock for the six months ended June 30, 2026.
Price Impact
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