Newmont stock gains as Tanami and Red Chris shape 2027 growth

Newmont Corporation posted record adjusted third-quarter earnings on October 22, 2026, while keeping its full-year production outlook intact. In its Newmont third-quarter results release, the gold miner reported adjusted net income of 2.3 billion US dollars, or 2.20 US dollars per diluted share. Adjusted results are non-GAAP measures.

Newmont stock traded at 96.12 euros on Lang & Schwarz at 11:32 CET on Monday, November 2, 2026, 0.79 percent above the Xetra close of Friday, October 30.

Strong quarter supports capital returns

Newmont produced 1.302 million attributable gold ounces in the quarter and generated 1.9 billion US dollars in free cash flow. Reported net income attributable to Newmont stockholders was 2.475 billion US dollars, or 2.35 US dollars per diluted share. Adjusted net income rose to 2.309 billion US dollars, compared with 1.883 billion US dollars in the third quarter of 2025.

The company ended September with 8.8 billion US dollars in cash and 12.8 billion US dollars in total liquidity. Newmont also said it had returned 1.9 billion US dollars to shareholders through dividends and repurchases since its previous earnings call. The board declared a quarterly dividend of 0.26 US dollars per common share, payable December 21 to shareholders of record on November 25.

Newmont maintained its 2026 attributable gold production guidance at 5.26 million ounces and improved its full-year gold by-product AISC guidance to 1,520 US dollars per ounce. Management expects the fourth quarter to be the strongest production period of the year, although operating costs will remain sensitive to sustaining capital, oil prices, exchange rates and royalties linked to gold prices.

Projects define the next production cycle

Tanami Expansion 2 in Australia has completed shaft construction and is progressing ahead of schedule. Commercial production is now expected in the first half of 2027. The project is intended to increase underground productivity and support higher output as Newmont moves beyond the production trough it expects in 2026.

At Red Chris in British Columbia, Newmont is finalizing the feasibility study for the Block Cave project and expects a full-funds investment decision in early 2027, subject to governance approval. The company owns 70 percent of the joint venture. The project carries an estimated development cost of 4.2 billion to 4.8 billion US dollars and is designed to produce 275,000 to 325,000 ounces of gold and 65,000 to 85,000 tonnes of copper annually during the targeted 2035-to-2040 period.

Newmont expects attributable gold production to grow by a low-to-mid single-digit percentage in 2027. The outlook depends on higher-grade areas at Lihir and Boddington, Tanami Expansion 2 and continued contributions from Yanacocha. Development capital is expected to rise by approximately 500 million US dollars in 2027 as the company advances Red Chris and the Lihir Nearshore Barrier project.

For investors, the results combine strong current cash generation with a capital-intensive project pipeline. The near-term focus is on fourth-quarter execution, Tanami commissioning and the Red Chris investment decision; the principal risks remain metal prices, project approvals, construction costs and operating inflation.

Broader U.S. equities remain the relevant market backdrop for Newmont's NYSE-listed shares; see current market reports.

See the real-time quote of Newmont stock for the latest trading indication.

Newmont Corporation at a glance

• Company: Newmont Corporation
• ISIN: US6516391066
• NYSE ticker: NEM
• Lang & Schwarz quote: 96.12 euros at 11:32 CET on November 2, 2026
• Daily change: 0.79 percent above the Xetra close of October 30, 2026
• Xetra close: 95.37 euros on October 30, 2026

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