Newmont Corporation Registered Shs CHESS (AU:NEM)
ASX:NEM
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.3Last Year’s EPS
2.18Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial performance in Q1 — record free cash flow, robust adjusted EBITDA, below-guidance AISC, and active capital returns (dividends and a new $6 billion buyback). Management maintained full-year guidance and outlined concrete mitigation levers for rising energy and royalty costs. Key near-term negatives include the Cadia seismic event (temporary Q2 production impact), ongoing Nevada Gold Mines JV dispute, energy price/supply-chain uncertainty, the Ghana royalty and contractor localization risk, and a recent fatality at Tanami. Overall, the positives (record cash generation, cost discipline, clear capital allocation, and project progress) outweigh the near-term operational and geopolitical headwinds, supporting a constructive outlook while acknowledging execution and cost risks in the short term.Company Guidance
Record Free Cash Flow and Strong Cash Generation
Generated $3.8 billion cash flow from operations after working capital and a record $3.1 billion free cash flow in Q1 2026, despite typical seasonal working capital headwinds. Free cash flow on a per-share basis is ~6% higher since the start of the share repurchase program.
Robust Profitability Metrics
Adjusted EBITDA of $5.2 billion and adjusted net income of $2.90 per diluted share for the quarter, reflecting supportive metal prices and operational performance.
Production Volumes
Q1 production of 1.3 million ounces of gold, 50 thousand tonnes of copper, and 9 million ounces of silver. Company remains on track for full-year production guidance of 5.3 million ounces of gold.
All-In Sustaining Costs Below Guidance in Q1
Gold all-in sustaining costs (byproduct basis) of $1,029/oz in Q1, below the company's full-year guidance level; company is maintaining full-year cost guidance despite recent energy price increases.
Capital Allocation and Shareholder Returns
Returned $2.7 billion to shareholders in the quarter through dividends and repurchases, fully exhausted prior repurchase authorization. New $6 billion share repurchase authorization approved; total repurchases of $6 billion over the past 24 months. Declared quarterly dividend of $0.26 per share (annualized ~$1.1 billion).
Noncore Divestiture Proceeds
Received approximately $321 million after-tax in the quarter from equity sales and contingent payments, bringing total after-tax proceeds from the noncore divestiture program to over $4.6 billion to date.
Operational Outperformance and Site Recoveries
Outperformance at multiple sites: Cadia (step up in gold and copper vs. Q4), Merian (higher grades from Merian 2 pit), Ahafo South (higher mining rates), Peñasquito (strong co-product production, especially silver and zinc), and continued ramp-up at Ahafo North in its first full year of commercial production. Boddington recovered to full throughput for Q2 after bushfires.
Project Execution Progress
Tanami Expansion 2 resumed and advanced (underground primary crusher commissioned; materials handling system on track for end of Q2). Cadia development panels PC23 and PC12 progressing to plan.
Balance Sheet and Capital Discipline
Reduced debt by $42 million in the quarter and reiteration of the net cash target (net cash $1 billion ± $2 billion annually). Development capital spend of $239 million in Q1 and sustaining capital of $381 million, with full-year development capital guidance of $1.4 billion weighted to H2.
AU: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
AU:NEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | AU$154.48 | AU$155.59 | +0.72% |
Feb 19, 2026 | AU$175.88 | AU$167.25 | -4.91% |
Oct 23, 2025 | AU$132.35 | AU$126.50 | -4.42% |
Jul 24, 2025 | AU$91.11 | AU$94.58 | +3.81% |
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 Corporation Registered Shs CHESS (AU:NEM) report earnings?
Newmont Corporation Registered Shs CHESS (AU:NEM) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Newmont Corporation Registered Shs CHESS (AU:NEM) earnings time?
Newmont Corporation Registered Shs CHESS (AU:NEM) earnings time is at Jul 29, 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?
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What is the P/E ratio of Newmont Corporation Registered Shs CHESS stock?
The P/E ratio of Newmont Corporation CHESS is N/A.
What is AU:NEM EPS forecast?
AU:NEM EPS forecast for the fiscal quarter 2026 (Q2) is 3.3.