Newmont Beats Q2 Profit Estimates Amid Record Cash Flow

Newmont Corporation reported second-quarter results for the period ending June 30, 2026, beating analysts' profit estimates with an adjusted profit of $2.10 per share. While revenue of $6.12 billion fell short of some analyst expectations, the company generated a record quarterly free cash flow of $2.2 billion and returned $1.9 billion to shareholders through dividends and buybacks.

Financial gains were driven by historically high realized gold prices of $4,414 per ounce. These prices offset a production drop to approximately 1.3 million attributable gold ounces, caused by seismic events at the Cadia operation and lower grades or planned sequencing at the Ahafo South, Penasquito, and Yanacocha mines. The company maintained its full-year 2026 production guidance of approximately 5.3 million attributable gold ounces.

CEO Natascha Viljoen confirmed the company received critical regulatory approvals from the Government of British Columbia for the Red Chris Block Cave project. Viljoen noted that while the company is negotiating investment terms and has received a C$500 million government support package, this funding is not a prerequisite for a final investment decision on the mine expansion.