Newmont Reports Record Q1 $3.1B Free Cash Flow and $4,900/Oz Realized Gold Price
Newmont delivered record Q1 revenue of $7.31 billion, up 46% year-on-year, with average realized gold price of $4,900 per ounce driving quarterly free cash flow of $3.1 billion. The Board authorized an additional $6.0 billion share repurchase program and maintained full-year 2026 production guidance of 5.3 million attributable ounces.
1. Q1 2026 Financial Results
Newmont reported Q1 revenue of $7.31 billion, up 46% year-over-year, with record adjusted EPS of $2.90 and average realized gold price of $4,900 per ounce, driving quarterly free cash flow of $3.1 billion.
2. Share Repurchase and Guidance
The Board authorized an additional $6.0 billion share repurchase program, while reaffirming full-year 2026 attributable gold production guidance of 5.3 million ounces.
3. Revaluation of Undeveloped Assets
Rising realized gold prices have revalued undeveloped ounces in the ground, converting long-dated optionality into near-term development candidates at new gold price assumptions.