Newmont's Q2 adjusted earnings beat estimates while revenue misses on lower gold sales volumes

Earnings
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Newmont Corporation reported second-quarter 2026 adjusted earnings of $2.10 per share, beating the Zacks Consensus Estimate of $2.05 and rising 46.9% from the prior-year quarter. Revenue came in at roughly $6.12 billion, up 15.1% year over year but missing the consensus estimate of $6.35 billion, as higher realized gold prices were partly offset by lower gold sales volumes. Attributable gold production fell 12.5% to approximately 1.29 million ounces, while the average realized gold price surged around 33% to $4,414 per ounce. All-in sustaining costs for gold on a co-product basis increased about 21.7% to $1,938 per ounce. The company ended the quarter with cash and cash equivalents of roughly $9 billion and free cash flow of $2.21 billion, and it remains on track to achieve its previously announced 2026 guidance.

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Q2 adjusted earnings beat estimates, free cash flow strong, and guidance reaffirmed

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