NEM Q3 Earnings Beat Estimates on Higher Gold Prices, Strong Sales

What happened: Newmont reported third-quarter 2026 adjusted earnings of $2.2 per share and revenue of $6.36 billion, both above Zacks Consensus Estimates, helped by higher realized gold prices. Key numbers: EPS $2.2, up 28.7% year over Why it matters: Newmont kept its full-year production guidance and cut its cost outlook, and expects the fourth quarter to be its strongest production period, though El Nino-related water conditions at Lihir could affect output and costs. Shares have gained 28.3% over the past year versus a 9.1% industry rise, and the stock carries a Zacks Rank #3 (Hold). Market: +0.3% today ($40.70), +28.4% YTD, 0.1x vol — as of 17:02 UTC

Newmont reported third-quarter 2026 adjusted earnings of $2.2 per share and revenue of $6.36 billion, both above Zacks Consensus Estimates, helped by higher realized gold prices.

Newmont kept its full-year production guidance and cut its cost outlook, and expects the fourth quarter to be its strongest production period, though El Nino-related water conditions at Lihir could affect output and costs. Shares have gained 28.3% over the past year versus a 9.1% industry rise, and the stock carries a Zacks Rank #3 (Hold). Market: +0.3% today ($40.70), +28.4% YTD, 0.1x vol — as of 17:02 UTC