Strong Earnings Report#

Newmont Goldcorp Corp (NEM) has announced impressive earnings for the first quarter of 2026. The company reported earnings per share (EPS) of $2.90, which is significantly higher than the forecasted $2.18, marking a 33.03% increase. Additionally, Newmont's revenue reached $7.31 billion, surpassing expectations by 11.94% compared to the anticipated $6.53 billion.

Key Financial Highlights#

In this quarter, Newmont achieved a record quarterly free cash flow of $3.1 billion. The company produced 1.3 million ounces of gold, showcasing strong performance across its various assets. Newmont has also maintained its full-year production guidance at 5.3 million ounces of gold, indicating confidence in its operational capabilities.

Financial Metrics#

  • Revenue: $7.31 billion, exceeding forecasts by 11.94%.
  • Earnings per share: $2.90, a 33.03% surprise over the expected $2.18.
  • Adjusted EBITDA: $5.2 billion for the quarter.
  • Cash flow from operations: $3.8 billion.
  • Free cash flow: $3.1 billion, an all-time quarterly record.

Newmont's gross profit margin stands at 63%, and its return on equity is 22% over the past year, indicating strong financial health.

Market Reaction#

Despite these strong earnings, Newmont's stock fell by 1.23% in after-hours trading, closing at $110.47, down from the previous close of $111.85. This decline contrasts with the stock's performance over the past year, where it has delivered a remarkable 112% return. The stock has fluctuated between $48.27 and $134.88 over the last 52 weeks, suggesting that the recent dip may be influenced by broader market trends or specific sector dynamics.

Overall, while Newmont's quarterly results are strong, the market's reaction highlights the complexities of investor sentiment.