01—Abstract
Summary
Summary of the 8-K filed October 22, 2026. Cited figures are marked; the original filing is the authoritative source.
Newmont Corporation reported its third-quarter 2026 results, demonstrating strong operational execution and positioning to meet full-year guidance.
The company produced approximately 1.3 million attributable gold ounces and generated $1.9 billiona in free cash flow. Newmont continues to prioritize shareholder returns, having returned $1.9 billion to shareholders through dividends and share repurchases since its last earnings call, resulting in a notable reduction in its total share count. The company also announced an improved full-year cost outlook, with Gold by-product Costs Applicable to Sales (CAS) and All-In Sustaining Costs (AISC) showing positive trends.
Key project developments include progress on the Red Chris Block Cave project and completion of shaft construction at Tanami Expansion 2, both advancing according to or ahead of schedule. Financially, Newmont reported a Net Income of $2.5 billionb and an Adjusted Net Income of $2.3 billion ($2.20 per diluted share), with Adjusted EBITDA at $4.0 billion.
The balance sheet remains robust, ending the quarter with $8.8 billionc in cash and $12.8 billion in total liquidity, maintaining a net cash position of $3.2 billion. The company also amended its Nevada Gold Mines Joint Venture agreement and continues to advance its capital allocation framework, emphasizing sustaining capital investment, a sustainable dividend, disciplined development capital, and an optimized capital structure.
02—Key points
Key Highlights
- Produced approximately 1.3 million attributable gold ounces in Q3 2026, on track to meet full-year production guidance of 5.3 million ounces.
- Generated $1.9 billion in free cash flow for the quarter, contributing to strong financial performance.
- Returned $1.9 billion to shareholders via dividends and share repurchases since the last earnings call, reducing share count by approximately 10% since February 2024.
- Improved full-year cost guidance: Gold by-product CAS projected at $925/oz and AISC at $1,520/oz.
- Announced an amended agreement for the Nevada Gold Mines Joint Venture, incorporating previously excluded assets.
- Red Chris Block Cave project is advancing, with a full-funds investment decision anticipated in early 2027.
- Completed shaft construction at Tanami Expansion 2, with commercial production expected in the first half of 2027, ahead of schedule.
03—Questions
Frequently Asked Questions
What were Newmont's key financial results for the third quarter of 2026?
In the third quarter of 2026, Newmont reported a Net Income of $2.5 billion, Adjusted Net Income of $2.3 billion ($2.20 per diluted share), and Adjusted EBITDA of $4.0 billion. The company generated $1.9 billion in free cash flow.
How is Newmont prioritizing shareholder returns?
Newmont is committed to returning capital to shareholders through a sustainable cash dividend and share repurchases. Since its last earnings call, the company has returned $1.9 billion through these mechanisms, leading to a significant reduction in its total share count.
What is the status of the Red Chris Block Cave project?
The Red Chris Block Cave project is progressing, with the feasibility study nearing completion. A full-funds investment decision is expected in early 2027. The project is designed to be a long-term, low-cost gold-copper operation, and has received significant support, including a CAD$500 million contribution from the Government of Canada.
What is Newmont's outlook for production and costs in the remainder of 2026?
Newmont remains on track to achieve its full-year production guidance of 5.3 million attributable gold ounces. The company has also improved its full-year cost guidance, projecting Gold by-product CAS at $925 per ounce and AISC at $1,520 per ounce. The fourth quarter is expected to be the strongest production quarter of the year.
04—Continue