NEWMONT Corp /DE/ Q2 2026: Revenue $6.12B, EPS $2.06— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Newmont Corp reported Q2 2026 revenue of $6.12B and diluted EPS of $2.06, driven by higher gold and silver prices. Net income reached $2.2B. Key developments include the commercial production at Ahafo North, completion of a divestiture program, and a phased restart of Cadia underground operations following a seismic event in April 2026.
NEWMONT Corp /DE/ reported second-quarter 2026 results with revenue of $6.12B and diluted EPS of $2.06, reflecting higher realized precious metal prices that drove revenue growth and supported net income of $2.2B attributable to Newmont stockholders versus the prior-year quarter.
Financial Highlights
- Revenue was $6.12B, compared with $5.32B in the prior-year quarter; YoY change 15.1%.
- Net income was $2.2B, compared with $2.06B in the prior-year quarter; YoY change 6.8%.
- Diluted EPS was $2.06, compared with $1.85 in the prior-year quarter; YoY change 11.4%.
Business Highlights
- Revenue growth was driven by higher realized gold and silver prices, offsetting lower gold volumes at some sites.
- Ahafo North reached commercial production in Q4 2025 and has been reclassified as a reportable segment.
- Completed a divestiture program in 2024–2025 selling multiple non‑core sites, reshaping the portfolio and lowering aggregate volumes.
- Cadia underground operations were halted after an April 14, 2026 seismic event; a phased restart is underway with a full ramp expected in Q3 2026.
- Higher royalties, energy and labor costs and GEO price updates increased per‑ounce costs at several operations and affected cost allocation.
Original SEC Filing: NEWMONT Corp /DE/ [ NEM ] - 10-Q - Jul. 23, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.