Newmont (NEM) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Newmont published the results on October 22, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Newmont reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted net income per share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Sales by metal are consolidated sales after provisional pricing, streaming and treatment charges, from Newmont's 10-Q. Newmont completed its divestment program in 2025, so the year-ago quarter includes some operations Newmont no longer owns.
• Ahafo North in Ghana reached commercial production in the fourth quarter of 2025 and is now a reportable segment. Cadia's underground operations were suspended after seismic activity on April 14, 2026.

Source: Newmont Q3 2026 results, October 22, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Newmont splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Newmont's Gold revenue was $5.2 billion in Q3 2026, up 12% from $4.7 billion in Q3 2025, 82% of total revenue.
• Newmont's Copper revenue was $288 million in Q3 2026, down 10% from $319 million in Q3 2025, 5% of total revenue.
• Newmont's Silver revenue was $550 million in Q3 2026, up 88% from $293 million in Q3 2025, 9% of total revenue.
• Newmont's Lead revenue was $39.0 million in Q3 2026, down 25% from $52.0 million in Q3 2025, under 1% of total revenue.
• Newmont's Zinc revenue was $258 million in Q3 2026, up 35% from $191 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Newmont's 2026 guidance table (+/-5%): attributable gold production 5,260 thousand ounces (Q4: 1,365), gold by-product CAS $925 per ounce (Q4: $1,250), gold by-product AISC $1,520 per ounce (Q4: $1,900), sustaining capital $1,950 million and development capital $1,400 million. Newmont does not guide revenue or EPS.

In its Q3 2026 release, Newmont said:

“Newmont remains on track to meet its previously published 2026 production and capital guidance. Based on performance year to date, Newmont is improving its 2026 guidance for unit cost metrics.”

“Newmont expects total attributable gold production in the fourth quarter of 2026 to be the strongest quarter of the year, driven by several of its managed operations.”

“Although Newmont's full-year cost guidance has improved, unit costs are expected to increase in the fourth quarter primarily due to higher sustaining capital spend, as well as lower co-product volumes.”

Source: Newmont Q3 2026 release, Oct 22, 2026.

This is the company's own guidance as of Oct 22, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the NEM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Sales and GAAP diluted EPS attributable to Newmont stockholders, as printed in Newmont's quarterly releases; Newmont's releases show each quarter separately, including Q4.

We do not hold a confirmed date for Newmont's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 22, 2026

Newmont is primarily a gold producer, and gold was $5,228 million of its $6,363 million of sales in Q3 2026. The rest came from co-products: silver $550 million, zinc $258 million, copper $288 million and lead $39 million, much of it from Peñasquito in Mexico and from copper at Cadia and Boddington in Australia. (Newmont Form 10-Q, Q3 2026, Oct 22, 2026; Newmont Form 10-K, 2025, Feb 19, 2026)

Newmont sales rose on higher metal prices while volumes fell. Newmont sold 1,211 thousand ounces of gold, against 1,319 thousand a year earlier, at an average realized price of $4,317 per ounce, against $3,539. Silver realized $50.50 per ounce, against $37.02, and copper $6.91 per pound, against $4.67. (Newmont Form 10-Q, Q3 2026, Oct 22, 2026; Newmont Q3 2026 release, Oct 22, 2026)

Attributable gold production was 1,302 thousand ounces, up 1 percent from Q2 2026, as Cadia recovered from the second-quarter seismic event, Brucejack improved and Peñasquito ran higher throughput, grades and recovery. Lower output at Lihir and Boddington during planned maintenance and at Yanacocha from mine sequencing offset most of that. The year-ago quarter produced 1.42 million attributable ounces, before Newmont completed its 2025 divestment program. (Newmont Q3 2026 release, Oct 22, 2026; Newmont Form 10-Q, Q3 2026, Oct 22, 2026)

Newmont sells mostly to banks. In 2025 Standard Chartered accounted for $6,009 million, or 27% of total sales, and JPMorgan Chase for $2,499 million, or 11%. The company operates in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Mexico, Canada and other countries, and held 118.2 million ounces of attributable proven and probable gold reserves at December 31, 2025. (Newmont Form 10-K, 2025, Feb 19, 2026)

Newmont's GAAP diluted EPS of $2.35 in Q3 2026 was above its adjusted net income per share of $2.20. The main adjustments were reclamation and remediation charges of $116 million and a $40 million gain on asset and investment sales, primarily related to a historical mining site in closure. A year earlier GAAP EPS was $1.67 and adjusted EPS $1.71. (Newmont Q3 2026 release, Oct 22, 2026)

Income and mining tax expense was $839 million on pre-tax income of $3,210 million, an effective rate of 26%, against 31% a year earlier. Rates differ widely by country: Peru was 54% and Ghana 39%, while Nevada was 15%. (Newmont Form 10-Q, Q3 2026, Oct 22, 2026)

Diluted shares fell to 1,051 million from 1,100 million. Newmont repurchased $5,241 million of stock in the first nine months of 2026, settled another $451 million in October, and says it has cut its share count by over 115 million shares, or about 10 percent, since February 2024. It declared a $0.26 quarterly dividend. (Newmont Q3 2026 release, Oct 22, 2026; Newmont Form 10-Q, Q3 2026, Oct 22, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Newmont guides production, unit costs and capital, not revenue or EPS. With Q3 2026 results it kept its 2026 target of 5,260 thousand attributable gold ounces and improved its full-year cost guidance to $925 per ounce for gold by-product CAS and $1,520 per ounce for AISC, citing cost discipline and higher co-product prices. (Newmont Q3 2026 release, Oct 22, 2026)

For Q4 2026 Newmont expects 1,365 thousand ounces, its strongest quarter of the year, but higher unit costs of $1,250 per ounce CAS and $1,900 per ounce AISC, with silver output at Peñasquito expected to fall to about half the third-quarter level. It flagged El Niño drought conditions at Lihir and an added cost of about $50 million for every $10 change in the oil price. (Newmont Q3 2026 release, Oct 22, 2026)

A consensus figure is the average of the models published by the analysts who cover Newmont, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Newmont's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning NEM is on is NEM a buy or a sell?, what analysts expect next is on the NEM forecast, and what the company does is on the Newmont (NEM) stock page.

Every number on this page can be traced to a document Newmont published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.