Newmont Q3 2026 slides: record cash flow, Red Chris nears decision

Newmont (NEM) reported Q3 gold all-in sustaining costs of $1,454/oz, improving its full-year outlook to ~$1,520/oz. Q4 costs are expected to rise to ~$1,900/oz due to capital expenditures and inflation. The company anticipates Q4 gold production of 1.4M oz, its strongest quarter of 2026. Newmont is monitoring potential water impacts at Lihir from El Niño. For 2027, production is expected to increase by low- to mid-single-digit percentages, with higher unit costs due to macroeconomic headwinds.

Newmont Corporation reported Q3 2026 net income of $2.47B, up from $1.83B in Q3 2025. EPS was $2.35, with adjusted net income at $2.30B. EBITDA rose to $3.87B. Nine-month net income increased to $7.93B. NEM stock rose 1.29% after hours to $115.59.

Newmont reported 3Q 2026 revenue of $6.36B, up 15.2% YoY, driven by higher gold and silver prices despite lower production. Net income rose 35.1% to $2.48B, with EPS up 40.7% to $2.35. Production declines were noted at several mines, with expansions planned at others.

Newmont (NEM) stock rose 1.4% after hours after Q3 earnings beat estimates, with adjusted EPS of $2.20 and revenue of $6.36B. The company also reported $1.9B in free cash flow and reaffirmed 2026 production guidance. Despite a 4% intraday drop due to a downgrade from Freedom Broker, positive analyst targets from Citigroup and Bernstein supported the after-hours recovery.

Newmont reported Q3 earnings of $2.20 per share, exceeding estimates of $2.05. The company benefited from higher gold prices, averaging US$4.317 per ounce, up 17.6% YoY. However, gold production decreased to 1.30 million ounces from 1.42 million ounces a year earlier, according to the company.

Newmont Corporation (NEM) reported Q3 profit of $2.48B, or $2.35 per share, and adjusted earnings of $2.20 per share, exceeding analyst expectations of $1.94 per share. Revenue was $6.36B, surpassing forecasts of $6.01B.