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StocksMediumUpdated•Originally published 2 May 2026•Updated 2 May 2026•

1 min read

Newmont Reports Record Cash Flow in Q1 2026 Amid Gold Price Surge

Key Facts

1Newmont reported Q1 2026 revenue of $7.31B, representing a 46% year-over-year increase.

2The company generated $3.1B in free cash flow as gold prices averaged $4,900 per ounce.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Added specific EPS beat data, updated share price performance relative to January highs, and identified $100 oil as a specific production cost risk factor.

Newmont Corporation (NEM) reported record-breaking Q1 2026 results, with non-GAAP EPS of $2.90 beating analyst estimates. The company achieved revenue of $7.31 billion and generated $3.1 billion in free cash flow as gold prices averaged a historic $4,900 per ounce. Despite the strong financials, NEM shares are currently trading 20% below their January highs, with intrinsic value estimated at $147 based on a 14x P/E multiple. However, oil prices reaching $100 per barrel are emerging as a potential weight on production costs. Analysts remain focused on the company's $6 billion share buyback program as a key driver to close the current valuation gap.