$NEM · NEWMONT Corp /DE/

Newmont Corporation filed its Q3 2026 10-Q, reporting net income attributable to stockholders of $2.475B ($2.35 diluted EPS), up from $1.832B in Q3 2025. Revenue grew 15.2% YoY to $6.363B, driven by higher average realized gold ($4,317/oz vs $3,539/oz) and silver prices. The company generated $9.477B in operating cash flow for the nine-month period and repurchased $5.241B in stock YTD, with a new $6B buyback program authorized in April 2026.

Extended-hours trading shows NEM at $114.69, up 0.51% from the regular-session close of $114.11. The modest after-hours gain suggests the strong results and aggressive buyback were largely priced in, though the $1.95B Nevada Gold Mines JV expansion with Barrick adds a fresh catalyst.

The world's largest gold miner delivered a 35% earnings surge, generated $7.3B in free cash flow, and returned $5.2B to shareholders via buybacks — all while expanding its flagship Nevada JV.

Newmont's results reflect the broader gold mining tailwind from elevated bullion prices, with realized gold at $4,317/oz. The Barrick Fourmile/Fiberline/Mike JV contribution, expected in Q4 2026 with a $1.95B cash payment, signals continued consolidation among senior gold producers.

Cadia operations were temporarily suspended in Q2 2026 following seismic activity, with ongoing production impacts. Gold production volumes declined YoY (1.216M oz produced vs 1.317M oz), partially offsetting price gains.