Newmont Corporation reported significant financial growth in its first quarter of 2026, with total sales reaching $7.3 billion, a 46% increase from $5.0 billion in the same period of 2025. The surge in revenue was primarily driven by higher average realized prices for gold and silver, which rose to $4,900 per ounce and $66.78 per ounce, respectively. The company also reported a net income attributable to stockholders of $3.3 billion, or $3.00 per diluted share, compared to $1.9 billion, or $1.68 per diluted share, in the prior year, marking a 74% increase in profitability.
Operationally, Newmont produced 1.2 million ounces of gold during the quarter, a decrease from 1.5 million ounces in the previous year, attributed to lower ore grades and mill throughput at several sites. However, the company saw an increase in production of other metals, including 9 million ounces of silver and 30 thousand tonnes of copper. The total attributable gold equivalent ounces from co-products amounted to 258 thousand, reflecting a strategic focus on optimizing production across its diverse portfolio.
In terms of strategic developments, Newmont completed several divestitures in 2025, including the sale of its CC&V, Musselwhite, and Éléonore segments, which contributed to a reduction in costs applicable to sales, down to $1.9 billion from $2.1 billion year-over-year. The company ended the quarter with $8.8 billion in cash and cash equivalents, bolstered by a strong free cash flow of $3.1 billion, allowing for continued investment in growth initiatives and shareholder returns.
Looking ahead, Newmont's management expressed optimism about future performance, citing ongoing projects such as the Tanami Expansion 2 and Cadia Panel Caves, which are expected to enhance production capabilities. The company also announced a new $6 billion stock repurchase program, reflecting its commitment to returning value to shareholders while maintaining a strong balance sheet. However, management acknowledged potential challenges, including geopolitical tensions and fluctuating commodity prices, which could impact operational costs and overall financial performance.
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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