Q1 2026 Sees $3.1 Billion Free Cash Flow
Newmont Corporation announced record quarterly earnings for the first quarter of 2026, generating $3.1 billion in free cash flow and increasing its share repurchase authorisation by $6 billion. The company produced approximately 1.3 million attributable gold ounces, showcasing a strong operational performance.
Newmont declared a dividend of $0.26 per share, payable on June 22, 2026, to shareholders on record by May 27, 2026. This move underscores the company’s commitment to providing returns to its investors.
Natascha Viljoen, President and CEO of Newmont, remarked, “Newmont delivered strong operational and financial performance in the first quarter, keeping us well on track to achieve our 2026 guidance.” The enhanced capital allocation framework aims to maximise shareholder returns through sustained capital investments and share repurchases.
Capital Allocation and Share Repurchase
Since February 2026, Newmont has executed $2.4 billion in share buybacks. The share repurchase programme has been further expanded with an additional $6 billion authorisation, following the full execution of their previous program, where they repurchased $2.4 billion of shares since the last earnings call.
In 2024, the company repurchased $1.2 billion of shares, followed by $2.3 billion in 2025, and $2.5 billion through the date of filing in 2026. This strategy is designed to enhance shareholder value by returning capital to investors.
Newmont’s liquidity remains strong, with $8.8 billion in cash and $12.8 billion in total liquidity as of the end of March 2026. The company is poised to continue its growth and maintain financial robustness.
The company experienced a 10 per cent decrease in attributable gold production compared to the previous quarter due to operational challenges at several sites. However, increased production at Yanacocha and other locations partially offset these challenges.
Net proceeds include $117 million from the sale of Newmont’s shares in Greatland Resources Limited, $105 million from the sale of shares in SolGold, and $20 million from a contingent payment related to the sale of the Musselwhite asset. $79 million of contingent payments came from SSR Mining concerning the CC&V asset sale.
A conference call to discuss these results is scheduled for 5:30 p.m. EDT on April 23, accessible via the company’s website. This will provide further insights into the company’s performance and future plans.
Total liquidity as of March 31, 2026, includes $4.0 billion available on a revolving credit facility. This reflects Newmont’s strategic financial management and strong market position.
In their enhanced capital allocation framework announced in February, Newmont committed to sustainable investments and shareholder returns, further strengthening their market leadership in the gold mining sector.
