Newmont posts record third-quarter adjusted profit, trims full-year cost outlook

Newmont turned in a record third quarter for adjusted profit and said it is on track to meet its production goal while spending less per ounce than it had planned.

The gold miner reported net income of $2.5 billion and adjusted net income of $2.3 billion, or $2.20 per diluted share, according to its earnings release filed with an 8-K on Thursday. Adjusted EBITDA was $4.0 billion.

Newmont produced about 1.3 million attributable gold ounces, along with 11 million ounces of silver and 23,000 tonnes of copper, and said it remains on track for full-year production guidance of 5.3 million attributable gold ounces.

Costs and cash

All-in sustaining costs were $1,454 an ounce in the quarter. The company improved its full-year guidance for all-in sustaining costs to $1,520 an ounce and for costs applicable to sales to $925 an ounce.

Free cash flow was $1.9 billion. Newmont said it has returned $1.9 billion to shareholders through dividends and buybacks since its last earnings call, and $2.8 billion remains under its $6.0 billion repurchase program. It ended the quarter with $8.8 billion of cash and a net cash position of $3.2 billion.

The board declared a quarterly dividend of $0.26 a share, payable Dec. 21.

The company also said its Red Chris block cave project is moving toward a full-funds investment decision in early 2027.

By the numbers

• Adjusted EPS: $2.20
• Net income: $2.5 billion
• Gold output: about 1.3 million attributable ounces
• AISC: $1,454 an ounce; full-year guide improved to $1,520
• Free cash flow: $1.9 billion
• Dividend: $0.26 a share

Sources

1. Newmont Corporation, Form 8-K (Item 2.02) with Exhibit 99.1 earnings release dated Oct. 22, 2026, accession 0001164727-26-000041

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