Newmont Mining (NEM)
NYSE:NEM
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.33Last Year’s EPS
1.43Same Quarter Last Year
Strong Buy
Based on 14 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, meaningful shareholder returns, and clear progress on key projects — which substantially outweigh near-term challenges. Management is proactively managing cost and productivity levers, progressing Cadia recovery with no injuries, and has maintained full-year guidance despite energy and geopolitical headwinds. Primary negatives include the Cadia seismic downtime impact on Q2, rising energy costs (quantified sensitivity: ~$60M per $10/barrel or ~$12/oz), the open-ended Nevada Gold Mines JV dispute with Barrick, and region-specific operational disruptions and a recent fatality at Tanami. Overall, positives (record cash generation, strong metrics, shareholder returns, project progress, and maintained guidance) materially outweigh the lowlights.Company Guidance
Record Free Cash Flow and Strong Cash Generation
Generated $3.8 billion in cash flow from operations after working capital and a record $3.1 billion in free cash flow for the quarter, despite typical seasonal working capital headwinds.
Robust Profitability Metrics
Adjusted EBITDA of $5.2 billion and adjusted net income of $2.90 per diluted share for the quarter.
Solid Production Volumes
Produced 1.3 million ounces of gold, 50 thousand tonnes of copper, and 9 million ounces of silver in Q1, with silver and copper volumes supporting a favourable byproduct cost profile.
All-in Sustaining Cost Performance
Q1 gold all-in sustaining costs of $1,029 per ounce on a byproduct basis, below full-year guidance.
Capital Allocation and Shareholder Returns
Returned approximately $2.7 billion to shareholders through dividends and repurchases, repurchased $2.4 billion since the last call (total repurchases to date ~$6 billion), and the board authorized an additional $6 billion share repurchase program; per-share free cash flow is already 6% higher due to repurchases.
Noncore Divestiture Proceeds
Received approximately $321 million after tax this quarter from sales of equity investments and contingent payments; total after-tax proceeds from noncore divestitures now exceed $4.6 billion.
Operational Resilience and Project Milestones
Cadia recovery activities progressing with underground power and dewatering restored; Tanami Expansion 2 primary crusher commissioned and materials handling on track for end of Q2; PC23 and PC12 at Cadia tracking to plan; Ahafo North ramp-up progressing in line with plan; Peñasquito delivered strong co-product (silver and zinc) production while processing stockpiles.
Maintained 2026 Guidance
Management reiterates full-year production guidance of 5.3 million ounces for 2026 and is maintaining cost and capital guidance despite recent energy price increases.
Disciplined Capital Spend
Sustaining capital of $381 million and development capital of $239 million spent in Q1; full-year development capital guidance remains $1.4 billion and is weighted to the second half.
Safety Outcome Following Cadia Event
Following the April seismic event at Cadia, all underground personnel were brought to surface with no injuries; damage reported as limited and tailings and surface infrastructure sustained no damage.
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 |
|---|---|---|---|
Apr 23, 2026 | $111.06 | $120.70 | +8.68% |
Feb 19, 2026 | $125.15 | $121.88 | -2.61% |
Oct 23, 2025 | $88.47 | $82.96 | -6.23% |
Jul 24, 2025 | $61.00 | $65.21 | +6.89% |
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 Jul 29, 2026, Before Open (Confirmed).
What is Newmont Mining (NEM) earnings time?
Newmont Mining (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?
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 (Q2) is 2.33.
