Newmont (NEM) official guidance
Newmont (NEM) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteNEMNEWMONT Corp /DE/Q4 FY2026 · ends 2026-12-31
1 metric1 raisedearnings call · 7d
2026-10-22 22:52:05 UTC1.4Mraised +2.6%
Production is expected to increase in the fourth quarter to 1.4 million ounces, making it our strongest quarter of the year, driven primarily by four of our managed operations.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
2026-10-22 20:07:31 UTC1.4Mnew
| Attributable Gold Production (Koz) | 5,260 | 1,365 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
NEMNEWMONT Corp /DE/FY2027 · ends 2027-12-31
1 metric1 maintainedearnings call · 7d
2026-10-22 22:52:05 UTC$500Mmaintained
We now expect development capital in 2027 to be approximately $500 million higher than 2026, primarily reflecting planned investment in the Red Chris block cave project, subject to board approval, and continued advancement of the Lihir Nearshore Barrier project.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
2026-10-22 20:07:31 UTC$500Mnew
Development capital spend is expected to increase by approximately $500 million compared to 2026 as investment ramps up on the construction of the Lihir Nearshore Barrier and the Red Chris Block Cave project, pending a full-funds investment decision.
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
NEMNEWMONT Corp /DE/FY2026 · ends 2026-12-31
1 metric1 loweredearnings call · 7d
2026-10-22 22:52:05 UTC$1.5Klowered -9.5%
Turning to costs, continued operational execution, disciplined cost management, and stronger realized prices for copper, silver, and other co-products have enabled us to improve our full-year cost outlook and now expect gold all-in sustaining costs of approximately $1,520 per ounce, representing an improvement of approximately 10% relative to the guidance we provided at the beginning of the year.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
2026-07-24 04:01:32 UTC$1.7Kmaintained
Turning to costs, gold all-in sustaining costs were $1,621 per ounce on a byproduct basis, remaining well below our full-year guidance of $1,680 per ounce.
NEM · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-02-20 05:01:14 UTC$1.7Knew
On that basis, 2026 All-in Sustaining Costs are expected to be approximately $1,680 per ounce.
NEM · transcript · Q4 FY2025
2026-02-20 05:00:00 UTCOpen source
NEMNEWMONT Corp /DE/FY2027 · ends 2027-12-31
1 metric1 newearnings call · 7d
2026-10-22 22:52:05 UTC-$200Mnew
As these projects advance towards completion in 2027, closure spending is expected to be approximately $200 million lower in 2027 and $400 million lower in 2028 compared with 2026 levels.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
NEMNEWMONT Corp /DE/FY2028 · ends 2028-12-31
1 metric1 newearnings call · 7d
2026-10-22 22:52:05 UTC-$400Mnew
As these projects advance towards completion in 2027, closure spending is expected to be approximately $200 million lower in 2027 and $400 million lower in 2028 compared with 2026 levels.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
NEMNEWMONT Corp /DE/FY2027 · ends 2027-12-31
3 metrics1 newearnings call · 7d
2026-10-22 22:52:05 UTCremain largely in line with 2026 levels
Looking at capital investment for next year, sustaining capital is expected to remain largely in line with 2026 levels as we continue investing in the long-term reliability and performance of our world-class portfolio of operations.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
2026-10-22 20:07:31 UTClargely in line with 2026 levelsnew
Sustaining capital spend in 2027 is anticipated to be largely in line with 2026 levels, as Newmont continues to progress the tailings work at Cadia and Boddington.
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-10-22 22:52:05 UTCincrease by a low to mid-single digit percentagenew1% – 6% vs FY2026
Looking beyond the current year, we expect total portfolio production in 2027 to increase by a low to mid-single digit percentage compared with 2026.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
2026-10-22 22:52:05 UTCtrend higher next year
Based on current conditions, we anticipate unit costs to trend higher next year, reflecting macroeconomic headwinds and lower co-product credits, primarily from reduced silver production at Peñasquito, where output is expected to be roughly 30% lower than 2026 levels due to planned mine sequencing.
NEM · transcript · Q3 FY2026
2026-10-22 22:51:00 UTCOpen source
2026-10-22 20:07:31 UTCtrend higher in 2027new
Newmont expects unit costs to trend higher in 2027 reflecting inflation escalation above the 3 percent assumption incorporated for 2026 guidance, as well as higher diesel prices, unfavorable foreign exchange movements, particularly related to the Australian dollar, and continued royalty sensitivities driven by the gold price.
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
NEMNEWMONT Corp /DE/FY2026 · ends 2026-12-31
1 metric1 maintainedearnings release · 7d
2026-10-22 20:07:31 UTC5.3Mmaintained
| Attributable Gold Production (Koz) | 5,260 | 1,365 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-23 20:06:52 UTC5.3Mlowered -0.8%
| Total Newmont Attributable Gold Production | 5,260 |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-24 04:01:12 UTC5.3Mmaintained
Looking ahead to the second quarter, we expect production to be slightly below the first quarter, keeping us on track to deliver our full year production guidance of 5.3 million ounces.
NEM · transcript · Q1 FY2026
2026-04-24 04:00:00 UTCOpen source
2026-02-20 05:01:14 UTC5.3Mraised +0.8%
Our 2026 guidance remains consistent with the indications provided on our third quarter call, with total attributable production of 5.3 million ounces, including 3.9 million ounces from managed operations and 1.4 million ounces from non-managed operations.
NEM · transcript · Q4 FY2025
2026-02-20 05:00:00 UTCOpen source
2026-02-19 21:08:17 UTC5.3M
| Total Newmont Attributable Gold Production (Moz) | 5,260 |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
2025-10-23 20:07:42 UTCwithin the same guidance range provided for 2025, but toward the lower endnew
Newmont's attributable gold production for 2026 is expected to be within the same guidance range provided for 2025, but toward the lower end, due to the planned mine sequence at its managed operations.
NEM · EX-99.1 · Q3 FY2025
2025-10-23 20:05:29 UTCOpen source
NEMNEWMONT Corp /DE/FY2027 · ends 2027-12-31
1 metric1 newearnings release · 7d
2026-10-22 20:07:31 UTCincrease by a low-to-mid single-digit percentagenew1% – 6% vs FY2026
Newmont expects to return to production growth in 2027, with attributable gold production expected to increase by a low-to-mid single-digit percentage compared to 2026.
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
NEMNEWMONT Corp /DE/FY2026 · ends 2026-12-31
3 metrics3 maintainedearnings release · 7d
2026-10-22 20:07:31 UTC$175Mmaintained
| Capitalized Interest ($M) | $175 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-23 20:06:52 UTC$175Mmaintained
| Capitalized Interest ($M) | $175 |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-23 20:07:35 UTC$175Mmaintained
| Capitalized Interest ($M) | $175 |
NEM · EX-99.1 · Q1 FY2026
2026-04-23 20:06:02 UTCOpen source
2026-02-19 21:08:17 UTC$175Mnew
| Capitalized Interest ($M) | $175 |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
2026-10-22 20:07:31 UTC102Kmaintained
| Copper Production (ktonne) | 102 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-23 20:06:52 UTC102Kmaintained
| Copper Production (ktonne) | 102 |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-23 20:07:35 UTC102Kmaintained
| Copper Production (ktonne) | 102 |
NEM · EX-99.1 · Q1 FY2026
2026-04-23 20:06:02 UTCOpen source
2026-02-19 21:08:17 UTC102Knew
| Copper Production (ktonne) | 102 |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
2026-10-22 20:07:31 UTC$2.8Bmaintained
| Depreciation & Amortization ($M) | $2,815 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-23 20:06:52 UTC$2.8Bmaintained
| Depreciation & Amortization ($M) | $2,815 |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-23 20:07:35 UTC$2.8Bmaintained
| Depreciation & Amortization ($M) | $2,815 |
NEM · EX-99.1 · Q1 FY2026
2026-04-23 20:06:02 UTCOpen source
2026-02-19 21:08:17 UTC$2.8Bnew
| Depreciation & Amortization ($M) | $2,815 |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
NEMNEWMONT Corp /DE/FY2027+ · ends 2027-12-31
1 metric1 newearnings release · 7d
2026-10-22 20:07:31 UTC$4.2B – $4.8Bnew
Total development capital for the project is currently estimated between $4.2 and $4.8 billion in real terms.
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
NEMNEWMONT Corp /DE/FY2026 · ends 2026-12-31
1 metric1 maintainedearnings release · 7d
2026-10-22 20:07:31 UTC$1.4Bmaintained
| Development Capital ($M) (3) | $1,400 | $520 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-24 04:01:32 UTC$1.4Bmaintained
As Natascha discussed earlier, full-year guidance remains unchanged at $1.4 billion, with spending expected to increase in the second half as we advance projects at Cadia, Tanami and Lihir.
NEM · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-07-23 20:06:52 UTC$1.4Bmaintained
| Total Newmont Development Capital (3) | $1,400 |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-24 04:01:12 UTC$1.4Bmaintained
Similarly, development capital is expected to increase beginning in the second quarter as we progress the expansion at Cerro Negro, advance the feasibility study work at Red Chris, and begin spending on the Lihir Nearshore Barrier project later this year, with our full year guidance of $1.4 billion remaining weighted to the second half.
NEM · transcript · Q1 FY2026
2026-04-24 04:00:00 UTCOpen source
2026-04-23 20:07:35 UTC$1.4Bmaintained
| Total Newmont Development Capital (4) | $1,400 |
NEM · EX-99.1 · Q1 FY2026
2026-04-23 20:06:02 UTCOpen source
2026-02-20 05:01:14 UTC$1.4Bmaintained
We expect to invest about $1.4 billion in 2026 as we advance our major projects in execution, continue the feasibility study work at Red Chris, and progress the mine life extensions at Lihir and Cerro Negro.
NEM · transcript · Q4 FY2025
2026-02-20 05:00:00 UTCOpen source
2026-02-19 21:08:17 UTC$1.4Bnew
| Total Newmont Development Capital (2) | $1,400 |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
NEMNEWMONT Corp /DE/Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings release · 7d
2026-10-22 20:07:31 UTC$520Mnew
| Development Capital ($M) (3) | $1,400 | $520 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
NEMNEWMONT Corp /DE/FY2026 · ends 2026-12-31
3 metrics3 maintainedearnings release · 7d
2026-10-22 20:07:31 UTC33%maintained
| Adjusted Tax Rate (5) | 33% |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-23 20:06:52 UTC33%maintained
| Adjusted Tax Rate (5) | 33% |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-23 20:07:35 UTC33%maintained
| Adjusted Tax Rate (6) | 33% |
NEM · EX-99.1 · Q1 FY2026
2026-04-23 20:06:02 UTCOpen source
2026-02-19 21:08:17 UTC33%new
| Adjusted Tax Rate (2)(3) | 33% |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
2026-10-22 20:07:31 UTC$525Mmaintained
| Exploration & Advanced Projects ($M) | $525 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-23 20:06:52 UTC$525Mmaintained
| Exploration & Advanced Projects ($M) | $525 |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-23 20:07:35 UTC$525Mmaintained
| Exploration & Advanced Projects ($M) | $525 |
NEM · EX-99.1 · Q1 FY2026
2026-04-23 20:06:02 UTCOpen source
2026-02-20 05:01:14 UTC$525Mmaintained
We also expect a modest step up in exploration and advanced project spend to about $525 million this year as we continue to invest in value creating near our existing assets, including Brucejack, Ahafo South, and Merian, as Francois previously touched on.
NEM · transcript · Q4 FY2025
2026-02-20 05:00:00 UTCOpen source
2026-02-19 21:08:17 UTC$525Mnew
| Exploration & Advanced Projects ($M) | $525 |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
2026-10-22 20:07:31 UTC$375Mmaintained
| General & Administrative ($M) | $375 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source
2026-07-23 20:06:52 UTC$375Mmaintained
| General & Administrative ($M) | $375 |
NEM · EX-99.1 · Q2 FY2026
2026-07-23 20:05:29 UTCOpen source
2026-04-23 20:07:35 UTC$375Mmaintained
| General & Administrative ($M) | $375 |
NEM · EX-99.1 · Q1 FY2026
2026-04-23 20:06:02 UTCOpen source
2026-02-19 21:08:17 UTC$375Mnew
| General & Administrative ($M) | $375 |
NEM · EX-99.1 · Q4 FY2025
2026-02-19 21:06:10 UTCOpen source
NEMNEWMONT Corp /DE/Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings release · 7d
2026-10-22 20:07:31 UTC$1.9Knew
| Gold By-Product AISC ($/oz) (2) | $1,520 | $1,900 |
NEM · EX-99.1 · Q3 FY2026
2026-10-22 20:05:51 UTCOpen source