Newmont sees 2026 gold all-in sustaining costs at $1,520 per ounce
NEM•Newmont expects 2026 gold production of 5.3 million ounces and full-year by-product all-in sustaining costs of $1,520 per ounce. It forecasts fourth-quarter production of 1.4 million ounces and costs of $1,900 per ounce.
1. 2026 outlook
Newmont remains on track to produce 5.3 million ounces of gold in 2026. Full-year by-product all-in sustaining costs are forecast at $1,520 per ounce, reflecting cost discipline and higher co-product credits.
2. Fourth-quarter figures
Fourth-quarter gold production is forecast at 1.4 million ounces, with all-in sustaining costs projected at $1,900 per ounce, reflecting lower silver production and higher oil prices. Sustaining capital spending is expected to total $1.95 billion and development capital spending $1.4 billion, with spending highest in the quarter.
3. Third-quarter results
Newmont reported third-quarter free cash flow of $1.9 billion and adjusted earnings of $2.20 per share.
