Newmont Mining Stock Earnings Reports

Newmont reported a strong Q1 2026 driven by operational consistency and a supportive metals price environment. Key operational highlights: 1. Q1 production of ~1.3 Moz gold, 30 kt copper and 9 Moz silver with notable outperformance at Cadia, Yanacocha, Merian, Ahafo South and Penasquito; Ahafo North continues ramp-up. 2. Cadia experienced a magnitude 4.5 earthquake in April; no injuries, limited damage, surface infrastructure and tailings intact; processing of surface stockpiles will continue while underground repairs progress with an expected return to ~80% capacity within ~5 weeks and full recovery by end of Q2 (Q2 production to be lower with ramp back in Q3). 3. Record quarterly cash flow: $3.8B operating cash flow after working capital and $3.1B free cash flow (all-time quarterly record) despite seasonal headwinds and ~$1.3B cash taxes paid. 4. Q1 AISC (by‑product) $1,029/oz; company is maintaining 2026 cost guidance while monitoring energy/supply chain pressures and estimating ~ $60M (~$12/oz) impact per $10/bbl Brent change. 5. Enhanced capital allocation: sustained $1.1B annual cash dividend (Q1 dividend $0.26/sh), disciplined development and sustaining spend, balance sheet target (net cash $1B ± $2B), and continued share repurchases — previous authorization fully executed and Board approved a new $6B repurchase program. 6. Development/project progress: Tanami Expansion 2 resumed and key systems commissioning on schedule; PC development at Cadia tracking to plan; feasibility work progressing at Red Chris with FID targeted in H2. 7. Ongoing engagement with Nevada Gold Mines JV partner regarding a notice of default; iterative process underway to resolve operational/performance issues. Outlook: Management remains on track to meet 2026 guidance, expects Q2 production to be slightly lower than Q1 (Cadia stockpile bridging and seasonal/sustaining capital phasing), with recovery and momentum into H2 and beyond.