Newmont Profit Jumps as Gold Price Helps Offset Lower Production in June Quarter
Adjusted profit rose as Newmont’s average realized gold price climbed to $4,414 an ounce, offsetting a drop in quarterly production to 1.29 million ounces.
- On Thursday, Newmont Corporation beat second-quarter profit estimates, earning $2.10 per share against the $1.99 average, as higher gold prices offset lower production at the world's biggest gold miner.
- Adjusted EBITDA surged 25% year-on-year to US$3,757 million, while Newmont declared a US26c dividend per share for the quarter, reflecting strong operational performance.
- Quarterly gold production fell to 1.29 million ounces from 1.48 million a year ago, partly due to a temporary stoppage at Cadia mining site after a seismic event.
- Newmont ended the quarter with US$9,009 million in cash and US$13,009 million of total liquidity, repurchasing US$3,462 million of stock while investing in Tanami Expansion 2 and Cadia Panel Caves projects.
- Drilling at British Hill mining site recently confirmed high-grade extensions, while gold prices rally on safe-haven demand despite volatility linked to the Iran war and potential interest rate cuts.
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10 Articles
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Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance
DENVER — Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced second quarter 2026 results and declared a dividend of $0.261 per share. “Newmont delivered another quarter of strong operational and financial performance, producing approximately 1.3 million attributable gold ounces and generating record second quarter free cash flow of $2.2 […]
Newmont beats second-quarter profit estimates on higher gold prices
Newmont (NYSE:NEM) cash flow offsets output decline; third-quarter cost pressures approach
NEW YORK, July 23, 2026, 18:05 EDT Free cash flow in the second quarter increased by 29% to $2.21 billion, even as gold production fell by 13%. (Newmont) A proxy for cash-per-ounce rose by 47% compared to the same period last year. The stock finished the session at $94.72 and declined roughly 1% in after-hours…
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