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Newmont Reports Record Q2 Free Cash Flow of $2.2B, Beats EPS Estimate Despite 13% Gold-Price Correction

2026-07-24 16:38:09

According to Kitco News, Newmont reported Thursday that second-quarter net income per diluted share reached $2.06, beating the $1.98 consensus estimate, with record free cash flow of $2.2 billion despite a 13% gold-price correction during the quarter. The world's largest gold miner generated net income of $2.2 billion on revenue of $6.1 billion, while adjusted EBITDA totaled $3.8 billion. The company produced approximately 1.3 million attributable gold ounces and reaffirmed its full-year 2026 production guidance of 5.26 million ounces, with gold all-in sustaining costs around $1,680 per ounce.

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