Newmont Reports Strong Q2 Performance with Record Free Cash Flow
Newmont Corporation (NYSE:NEM) delivered a strong second quarter in 2026, exceeding expectations with $2.9 billion in operating cash flow and a record $2.2 billion in free cash flow. The company remains on track to meet its full-year guidance despite higher oil prices impacting costs. Production was ahead of plan due to the early delivery of gold ounces from operations such as Yanacocha and Lihir, which were initially expected later in the year. Newmont produced 1.3 million ounces of gold, along with significant volumes of copper and silver during Q2. The company returned $1.8 billion to shareholders while advancing key projects like Red Chris toward a final investment decision. Fourth-quarter production is anticipated to be its strongest due to completed maintenance at Lihir and the ramp-up of Ahafo North. Despite rising costs, particularly in oil and diesel prices, Newmont's all-in sustaining cost per ounce remained below guidance. The company expects Q3 output to remain stable before a boost in Q4 as operations reach full capacity.
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