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NEM · Q2 2026

NEWMONT Corp /DE/

Reported 2026-07-23
IN-LINE
40EarnIQ signal
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Confidence falling

Mild quarter-over-quarter shift

Strong free cash flow generation and aggressive shareholder returns reinforce Newmont's capital allocation framework.

  • ✓Guidance was maintained, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Mixed evidence

The headline and management signals do not point in one direction (confidence falling).

EPS: reported vs expected+4.5%$2.10 vs $2.01
Revenue: reported vs expected—— vs —
Guidance specificityHighMaintained
Market expectations supplied by Finnhub · Reported vs consensus estimate

Newmont delivered another quarter of strong operational and financial performance, producing approximately 1.3 million attributable gold ounces and generating record second quarter free cash flow of $2.2 billion.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“Newmont delivered another quarter of strong operational and financial performance, producing approximately 1.3 million attributable gold ounces and generating record second quarter free cash flow of $2.2 billion, while remaining on track to achieve our full-year 2026 guidance”
“Supported by our strong balance sheet and consistent capital allocation framework, we returned $1.9 billion to shareholders through quarterly dividends and ongoing share repurchases executed since our last earnings call”
“Ended the quarter with $9.0 billion of cash and $13.0 billion in total liquidity, with a net cash position of $3.4 billion”
Guidance specificity
80/100

High specificity

Maintained full-year 2026 production guidance of 5.3 million attributable gold ounces alongside consistent capital expenditure plans.

Pressure point
!

Lower production at Cadia due

0 potential deflections detected in management communication.

Narrative break

What changed

No material narrative break was detected this quarter.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Generated record second quarter free cash flow of $2.2 billion
  • Returned $1.9 billion to shareholders via share repurchases and dividends since the last earnings call
  • Strong balance sheet ending with $9.0 billion of cash and a net cash position of $3.4 billion
Key risks
  • Lower production at Cadia due to seismic events during the quarter
  • Lower grades from planned mine sequencing at Ahafo South, Peñasquito, and Yanacocha
  • Potential volatility in commodity prices affecting realized gold and copper prices
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+12
New Signal+0
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0