Newmont reported first quarter 2026 results that surpassed analyst expectations, highlighted by record free cash flow generation. The company produced 1.3 million attributable ounces of gold and achieved an All-In Sustaining Cost (AISC) of $1,029 per ounce, well below prior periods.
Key Highlights
- The company generated a record quarterly free cash flow of $3.1 billion, driven by high realized gold prices and strong co-product sales.
- All-In Sustaining Costs (AISC) for gold were $1,029 per ounce, benefiting from favorable silver and copper sales volumes and prices, which provided significant by-product credits.
- Newmont increased its capital return program, authorizing an additional $6.0 billion for share repurchases after executing $2.4 billion in buybacks since the last earnings call.