Newmont Corporation

(New York Stock Exchange)
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Slightly Bullish +25

Newmont reports Q3 beat and Newmont stock costs EUR 105.57

Earnings report Guidance lowered AI-generated analysis

πŸ“ˆ Newmont beat Q3 adjusted earnings estimates with USD 1.71 per share versus a consensus of USD 1.44.

πŸ’° Revenue reached USD 5.52 billion, exceeding the consensus expectation of USD 5.27 billion.

⚠️ Gold production declined 15% year over year to 1.42 million ounces from 1.67 million ounces.

πŸ“‰ 2026 output guidance has shifted toward the lower end of the company's forecasted range.

πŸ’§ The company plans USD 550 million in water-treatment spending at Yanacocha for 2026.

πŸ“‰ Fourth-quarter free cash flow is expected to face pressure from water-treatment costs and severance expenses.

🏭 Q2 2026 free cash flow was USD 2.20 billion with 1.30 million attributable gold ounces produced.

πŸ’Έ A Nevada joint-venture payment of USD 1.95 billion to Barrick was reported in late September 2026.

πŸ“Š Stock traded at EUR 105.57 on October 13, 2026, with a market cap of USD 123.4 billion.

πŸ—“οΈ Q3 results and conference call are scheduled for October 22, 2026, after market close.

Bullish Signals
  • Newmont beat third-quarter adjusted earnings estimates significantly with USD 1.71 per share against a consensus of USD 1.44.
  • Revenue of USD 5.52 billion exceeded analyst expectations of USD 5.27 billion, supported by favorable gold prices.
  • The company generated substantial free cash flow of USD 2.20 billion in the second quarter of 2026.
Risk Factors
  • Gold production fell sharply by 15% year over year to 1.42 million ounces, down from 1.67 million ounces.
  • Management guidance for 2026 output has moved toward the lower end of the previously stated range.
  • The company faces USD 550 million in water-treatment spending at Yanacocha which will reduce fourth-quarter free cash flow.
  • Additional pressure on Q4 cash flow is expected from severance costs alongside the water-treatment expenditures.
Full Analysis
Newmont Corporation reported third-quarter 2026 adjusted earnings of USD 1.71 per share, beating the consensus estimate of USD 1.44. The company generated revenue of USD 5.52 billion against a consensus of USD 5.27 billion, driven by gold prices that supported higher realized revenue despite production challenges. Gold production fell significantly year over year to 1.42 million ounces, down from 1.67 million ounces in the prior year quarter. This represents a reduction of approximately 250,000 ounces and indicates a sharp decline in output efficiency or volume for the period. Management guidance for 2026 total output has moved toward the lower end of its previously stated range. The company faces specific cost pressures including USD 550 million in water-treatment spending at Yanacocha and anticipated severance costs, which are expected to reduce fourth-quarter free cash flow. Newmont's stock traded at EUR 105.57 on October 13, 2026, with a market capitalization of USD 123.4 billion. The company previously generated USD 2.20 billion in free cash flow during the second quarter of 2026 and is scheduled to release detailed Q3 results after North American markets close on October 22, 2026.