Newmont Q2 Earnings Beat Estimates as Gold Prices Lift Revenue
Newmont Corporation (NEM) reported Q2 adjusted earnings that beat analyst estimates, supported by higher realized gold prices, while revenue fell short due to lower sales volumes. The company reaffirmed its 2026 production and cost guidance.
Key Numbers
Newmont Corporation (NEM) reported second-quarter 2026 results, with adjusted earnings per share surpassing analyst expectations, while revenue missed estimates due to lower sales volumes. The stock rose 1.2% in pre-market trading.
Key Financial Results
| Metric | Q2 2026 | Analyst Estimate |
|---|---|---|
| Revenue | $3.2 billion | $3.4 billion |
| Adjusted EPS | $0.85 | $0.78 |
| Gold Production | 1.6 million ounces | - |
| All-In Sustaining Cost (AISC) | $1,200/oz | - |
Highlights from the Report
Newmont attributed the earnings beat to higher realized gold prices, which partially offset lower sales volumes. The average realized gold price was $2,050 per ounce, compared to $1,950 in the same quarter last year.
Guidance
The company reaffirmed its full-year 2026 guidance, expecting gold production between 6.5 and 6.8 million ounces and AISC between $1,150 and $1,250 per ounce.
Stock Impact
NEM shares edged higher in early trading, hovering around $52. The stock is up approximately 8% year-to-date.
What This Means for Investors
Despite the revenue miss, the earnings beat underscores Newmont's ability to capitalize on a strong gold price environment. The reaffirmed guidance provides operational stability, but investors will closely monitor production volumes and cost trends.
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