Newmont to Report Results on October 22 After Forecasting Higher Unit Costs
Key Facts
Newmont will report its third-quarter 2026 results after North American markets close on Thursday, October 22, according to the schedule the company set out in its September 24 announcement. When reporting its second-quarter results, the company had forecast higher unit costs in the third quarter, attributing the increase mainly to higher sustaining capital spending. The upcoming results follow adjusted diluted earnings per share of $2.10 in the second quarter of the same year, according to the company's earnings statement. Newmont generated $2.2 billion in free cash flow during that quarter, which it described as a second-quarter record. On selling prices, the company's average realized gold price was $4,414 per ounce in the second quarter of 2026, according to Reuters in a report published on Investing.com. The average realized price in the corresponding period a year earlier was $3,320 per ounce, according to the same report.
On the operational side, Newmont produced about 1.3 million attributable ounces of gold in the second quarter, according to its earnings disclosure for that period. In the same disclosure, it reaffirmed that it remained on track to meet its annual production target of 5.3 million attributable ounces of gold in 2026. The quarter's operational backdrop included the recovery of operations at the Cadia mine from seismic events that affected production, according to Newmont's statement. The company said operations at the mine had returned to "normal levels by mid-June" as part of its account of operational performance. Gold all-in sustaining costs were $1,621 per ounce in the second quarter after by-product credits, according to the metric the company reported in its earnings statement.
On shareholder returns, Newmont announced a cash dividend of $0.26 per share alongside its second-quarter results, according to its disclosure for that quarter. It said it had returned $1.9 billion to shareholders through dividends and share repurchases from the previous earnings call through the second-quarter disclosure, the period covered by the reported figure. To discuss its third-quarter results, the company scheduled its conference call for 5:30 p.m. Eastern Daylight Time on Thursday, October 22, 2026, the same day as the earnings release. Newmont said in its reporting schedule announcement that "a recording of the webcast will be available on the company's website." It added that the call would be archived for a limited period.