Form 10-Q · Quarterly report
Newmont 10-Q, filed Oct 22, 2026
- Filed
- CIK
- 0001164727
- Accession no.
- 0001164727-26-000043
Summary
Newmont reported third-quarter 2026 net income attributable to stockholders of $2.475 billion, or $2.35 per diluted share, up from $1.832 billion a year earlier, as higher realized gold and silver prices offset lower gold sales volumes. Its amended Nevada Gold Mines joint venture with Barrick Mining, agreed August 10, 2026, will bring the Fourmile, Fiberline and Mike development properties into the venture, includes a $1.95 billion cash contribution, resolves all outstanding disputes between the two companies, and carries Newmont's consent to Barrick's proposed initial public offering of certain assets.
Key points
- Newmont expects the three development properties to be contributed to Nevada Gold Mines in the fourth quarter of 2026, when it will recognize a 38.5% interest in Fourmile and expects a gain on Fiberline and Mike, which have no carrying value.
- Ghana's revised investment agreement expired December 31, 2025, raising the maximum corporate income tax rate to 35% and, under legislation enacted in March 2026, moving gold royalties to a sliding scale of 5% to 12% of revenue; a 3% Growth and Sustainability Levy was cut to 1% effective April 1, 2026.
- Third-quarter 2026 sales rose to $6.363 billion from $5.524 billion, including gold revenue of $5.228 billion and silver of $550 million, with an average realized gold price of $4,317 per ounce versus $3,539 a year earlier.
- Operations at Cadia were temporarily suspended following seismic activity recorded near the operation on April 14, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Overview Newmont is the world’s leading gold company and a producer of copper, silver, lead, zinc, and molybdenum, providing the metals the world needs for today and tomorrow. Newmont is the only gold company included in the S&P 500 Index and the Fortune 500 list of companies. We have been included in the Dow Jones Sustainability Index-World since 2007 and have adopted the World Gold Council’s Conflict-Free Gold Policy. Since 2015, Newmont has been included as a member in the Sustainability Yearbook published by the S&P Global Corporate Sustainability Assessment. …
An excerpt of the text as filed with the SEC, cut for length.
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