Newmont (NEM) Tops Q4 EPS by 55c
Newmont (NYSE: NEM) reported Q4 EPS of $2.52, $0.55 better than the analyst estimate of $1.97. Revenue for the quarter came in at $6.82 billion versus the consensus estimate of $6.19 billion.
2026 Guidance Expectations (+/-5%)
Newmont is continuing to provide high-confidence, one-year guidance for 2026 within a range of plus or minus 5 percent, demonstrating the ability to continue to deliver from its unrivaled portfolio of world-class operations and projects. Newmont’s Non-Managed Portfolio includes attributable production, cost and capital metrics from the proportional share of the Company’s interest in the Nevada Gold Mines Joint Venture, while attributable production only is included from the Company’s equity interest in Pueblo Viejo and Lundin Gold (Fruta del Norte).
In 2026, Newmont is providing guidance for gold unit cost metrics on a by-product basis. Under this approach, revenue from co-product metals (copper, silver, lead, and zinc) produced is treated as a reduction to cost for the purposes of calculating unit costs (CAS per ounce and AISC per ounce). This method will better reflect the cost of gold production for Newmont's world-class polymetallic gold mines.
Please see the cautionary statement and footnotes for additional information.
PRODUCTION AND COST GUIDANCE
Guidance Metric (+/-5%) | 2026E |
Attributable Gold Production (Moz) | |
Managed Portfolio | 3,915 |
Non-Managed Portfolio | 1,345 |
Total Newmont Attributable Gold Production (Moz) | 5,260 |
Gold By-Product CAS ($/oz) (1) | |
Managed Portfolio | $965 |
Non-Managed Portfolio | $1,400 |
Total Newmont Gold By-Product CAS ($/oz) (1) | $1,055 |
Gold By-Product AISC ($/oz) (1) | |
Managed Portfolio | $1,650 |
Non-Managed Portfolio | $1,775 |
Total Newmont Gold By-Product AISC ($/oz) (1)(2) | $1,680 |
1 | Presented on a consolidated basis and reflects an assumed metal price assumptions of Gold ($4,500/oz.), Copper ($5.00/lb.), Silver ($60.00/oz), Lead ($0.90/lb.) and Zinc ($1.30/lb.) and foreign exchange rates of AUD:USD ($0.70), CAS:USD ($0.75), and USD:MXN ($17.00) | |
2 | For comparability, Gold Co-Product AISC for the Total Portfolio reconciles to approximately $1,935 per ounce |
For earnings history and earnings-related data on Newmont (NEM) click here.