| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 7.3K | 45.9% |
| Total Income | 7.3K | 45.9% |
| Expenditure | 2.8K | 2.9% |
| PBT | 4.6K | 85.5% |
| Net Profit | 3.3K | 72.5% |
| OPM | — | |
| NPM | 44.64% | 6.90pp |
| EPS | 3.01 | 79.2% |
Newmont Reports Record Q1 2026 Earnings and Free Cash Flow of $3.1B
24 Apr 2026 · 24 Apr, 1:36 am
Summary
Newmont Corporation announced strong operational and financial performance for the first quarter of 2026, with record free cash flow of $3.1 billion. The company produced approximately 1.3 million attributable gold ounces. Adjusted net income reached $3.2 billion, or $2.90 per diluted share. Newmont's Board authorized an additional $6.0 billion share repurchase program, demonstrating commitment to shareholder returns. The company ended the quarter with a strong cash position of $8.8 billion and total liquidity of $12.8 billion.
Key Highlights
- 1
Newmont produced approximately 1.3 million attributable gold ounces in the first quarter of 2026.
- 2
The company generated a record $3.1 billion in quarterly free cash flow.
- 3
Adjusted net income was $3.2 billion, or $2.90 per diluted share for Q1 2026.
- 4
Newmont's Board of Directors authorized an additional $6.0 billion share repurchase program.
- 5
Gold by-product AISC was $1,029 per ounce, benefiting from favorable silver and copper sales volume and prices.
- 6
The company ended the quarter with $8.8 billion of cash and $12.8 billion in total liquidity, with a net cash position of $3.2 billion.
- 7
Newmont delivered $2.7 billion of shareholder returns through share repurchases and dividend payments since the last earnings call.
Management Comments
Natascha Viljoen
"Newmont delivered strong operational and financial performance in the first quarter, producing approximately 1.3 million attributable gold ounces and generating an all-time record $3.1 billion in quarterly free cash flow, keeping us well on track to achieve our 2026 guidance"
Natascha Viljoen
"Supported by our enhanced capital allocation framework, we have doubled the size of our share repurchase program with an additional $6.0 billion authorization, following the full execution of our previous program, under which we repurchased $2.4 billion of shares since the last earnings call. We look forward to building on this momentum in the second quarter and continue delivering sustainable returns to our shareholders."
Informational and educational content only. Not investment advice.