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Newmont Mining (NEM)
NYSE:NEM
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.25Last Year’s EPS
1.25Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, record cash generation ($7.3B FCF in 2025), disciplined cost and capital management, tangible exploration success and clear project progress (Ahafo North commissioning, Lihir funding, Cadia and Tanami advancement). Management introduced an enhanced capital allocation framework with a sustainable dividend and ratable buybacks, signaling shareholder returns and balance-sheet resilience (net cash target $1B ± $2B and minimum $5B cash). Offsetting these positives are significant near-term headwinds and risks: a fatality and paused shaft work at Tanami, unresolved JV operational issues with Nevada Gold Mines (notice of default), a planned 2026 production trough (5.3M oz), large tax payments depressing Q1 2026 cash flow, reserve reclassifications at Yanacocha and certain project deferments. Overall, the message is one of confidence in long-term optionality and capital return while acknowledging short-term sequencing, JV and safety risks.Company Guidance
Achieved Full-Year Guidance and Strong Production
Met 2025 full-year guidance with total production of 5.7 million ounces of gold (core portfolio), 28 million ounces of silver and 135,000 tonnes of copper; 2026 guidance set at 5.3 million attributable ounces (3.9M managed, 1.4M non-managed), representing a planned year-over-year sequencing trough (~7.0% lower vs. 2025).
Record Free Cash Flow and Strong Cash Generation
Generated record free cash flow of $2.8 billion in Q4 2025 and $7.3 billion for the full year 2025.
Capital Returns and Enhanced Dividend Framework
Returned $3.4 billion to shareholders in 2025 via dividends and share repurchases; introduced an enhanced capital allocation framework with a sustainable cash dividend commitment of $1.1 billion per year and a 4% increase in the quarterly common dividend (Q4 dividend declared at $0.26/share).
Balance Sheet and Divestiture Progress
Generated $4.5 billion in proceeds to date from noncore divestitures and maintain a resilient balance sheet framework (net cash target of $1B ± $2B and a minimum cash balance of $5B). $2.4 billion remains on the current $6 billion buyback authorization.
Operational and Cost Discipline
Achieved absolute and unit cost guidance for 2025; implemented cost and productivity initiatives estimated to reduce AISC by more than $100/oz versus a no-savings scenario. G&A guidance for 2026 improved by $100 million, a 21% improvement.
Ahafo North in Commercial Production and Project Cost Discipline
Ahafo North reached commercial production in 2025, adding over 300,000 oz to the portfolio; total Ahafo North capital spend is expected at the lower end of guidance (~$950 million).
Large Reserve and Resource Base
Reported gold reserves of 118 million ounces and resources of 149 million ounces (total ~40 years of production). Increased reserve price assumption from $1,700/oz to $2,000/oz (~17.6% increase) while noting the assumption remains conservative versus spot.
Exploration Success and Reserve Additions
Converted ~740,000 oz to reserves at Brucejack and reported a significant high-grade discovery (Dozer zone; e.g., 20.9 meters at 154 g/t). Ahafo South added ~2 million ounces to resource in 2025 and expects ~4–5 million ounces of new gold reserves in 2026 from near-mine drilling.
Project Execution Progress
Progressed major projects: Tanami Expansion 2 (1.5 km shaft lining complete), Cadia panel caves advancing (PC2-3 cave completion targeted Q4 2026; first drawbell fired at PC1-2), full funds approval for Lihir nearshore barrier unlocking >5 million ounces low-cost Kapit material, and Red Chris feasibility targeted for H2 2026.
2026 Cost and Capital Guidance
Provided 2026 guidance: by-product AISC ~ $1,680/oz (assumes $4,500/oz gold), sustaining capital ~ $1.95 billion (after $150M timing shift), development capital ~ $1.4 billion, exploration/advanced projects ~ $525 million, and reclamation ~ $850 million (expected to normalize to $300–$400M by 2028).
NEM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $125.40 | $122.13 | -2.61% |
Oct 23, 2025 | $88.65 | $83.13 | -6.23% |
Jul 24, 2025 | $61.13 | $65.34 | +6.89% |
Apr 23, 2025 | $52.57 | $55.10 | +4.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Newmont Mining (NEM) report earnings?
Newmont Mining (NEM) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Newmont Mining (NEM) earnings time?
Newmont Mining (NEM) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEM EPS forecast?
NEM EPS forecast for the fiscal quarter 2026 (Q1) is 2.25.
