Newmont Corporation reported significant financial performance improvements in its latest 10-Q filing for the second quarter of 2026, with total sales reaching $6.118 billion, a 15% increase from $5.317 billion in the same quarter of 2025. The company's net income attributable to stockholders was $2.202 billion, or $2.06 per diluted share, compared to $2.061 billion, or $1.85 per diluted share, in the prior year. This increase in profitability was primarily driven by higher average realized gold prices, which rose to $4,414 per ounce from $3,320, despite a decrease in sales volumes.
Operationally, Newmont produced 1.199 million ounces of gold in the second quarter, down from 1.390 million ounces in the same period last year. The decrease in production was attributed to the temporary suspension of operations at the Cadia mine following seismic activity in April 2026. The company also reported a total of 1.3 million attributable ounces of gold produced and 169,000 attributable gold equivalent ounces from co-products during the quarter. The average realized prices for copper and silver also saw increases, with copper priced at $6.82 per pound and silver at $53.49 per ounce.
Strategically, Newmont has made significant changes to its portfolio, including the completion of its divestment program in 2025, which involved the sale of several non-core assets. The company also achieved commercial production at its Ahafo North project in Ghana, which was designated as a reportable segment in late 2025. Additionally, Newmont received a 13% ownership interest in LunR Royalties Corp. through a dividend-in-kind distribution from Lundin Gold, valued at $268 million.
In terms of financial health, Newmont ended the quarter with $9.009 billion in cash and cash equivalents, up from $7.647 billion at the end of 2025. The company reported net cash provided by operating activities of $6.709 billion for the first half of 2026, a 52% increase from $4.415 billion in the same period of 2025. Free cash flow also improved significantly, reaching $5.349 billion compared to $2.915 billion in the prior year. Looking ahead, Newmont anticipates continued operational improvements and is focused on maintaining financial flexibility while navigating the challenges posed by geopolitical tensions and inflationary pressures.
About NEWMONT Corp /DE/
Newmont Corporation is a leading global gold producer with operations across North America, South America, Australia, Africa, and Asia. It manages a diverse portfolio of Tier 1 assets, producing gold, copper, silver, lead, and zinc. The company emphasizes sustainable, responsible mining, environmental stewardship, and stakeholder engagement, leveraging its extensive land holdings, advanced processing methods, and a focus on ESG practices to create long-term value.
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