Newmont lifts Q3 2026 adjusted profit to $2.3bn and trims full-year cost guidance

"Since our last earnings call, we have returned $1.9 billion to shareholders through quarterly dividends and share repurchases," Natascha Viljoen, Newmont's President and Chief Executive Officer, said on 22 October 2026, as the miner reported third-quarter adjusted net income of $2.3bn, or $2.20 per diluted share, up from $1.9bn, or $1.71, a year earlier. Newmont called it a record for a third quarter. It produced 1.30 million attributable ounces of gold, down from 1.42 million in Q3 2025, but its average realized price rose to $4,317 an ounce from $3,539.

Costs per ounce rose year on year in Q3 2026 but all-in sustaining cost fell 10% from the second quarter of 2026. Newmont improved its full-year 2026 guidance for costs applicable to sales to $925 an ounce and for all-in sustaining cost to $1,520, and said it remains on track for 5.3 million attributable ounces. It reported net income of $2.5bn and free cash flow of $1.9bn for the quarter, and ended September 2026 with $8.8bn of cash and a net cash position of $3.2bn.

Newmont said on 22 October 2026 that it had repurchased $1.6bn of shares since its previous earnings call, including about $451m in October 2026, leaving $2.8bn under its $6.0bn authorization. It said its shareholder returns had contributed to an approximate 10% reduction in its total share count since February 2024. The $0.26 dividend is payable on 21 December 2026. It expects to pay $1.95bn to Barrick in Q4 2026 under the amended Nevada Gold Mines agreement.

At Red Chris in British Columbia, Newmont is working towards a full-funds investment decision on the block cave project in early 2027. It now estimates total development capital, on a 100% basis and net of an expected C$500m Government of Canada contribution, at US$4.2bn to US$4.8bn in real terms, and targets commercial production in 2033. Newmont owns 70% of Red Chris.