Newmont Revenue Jumps 46% to $7.31 Billion in Q1 2026
Newmont Corporation (NYSE: NEM), a global gold and copper mining company, reported net revenue of $7.31 billion for the quarter ending March 31, 2026, up 46% from $5.01 billion in the year-ago period.
Newmont Corporation (NYSE: NEM), a global gold and copper mining company, reported net revenue of $7.31 billion for the three months ending March 31, 2026, up 46% from $5.01 billion in the same quarter of 2025. Read more earnings reports.
Net income for the quarter reached $3.26 billion, a 73% increase from $1.89 billion in Q1 2025. Diluted earnings per share climbed to $3.00, compared with $1.68 in the prior-year quarter.
The company generated $3.79 billion in cash from operations during Q1 2026, up 86% from $2.03 billion in Q1 2025. Cash and cash equivalents stood at $8.78 billion as of March 31, 2026, compared with $4.70 billion a year earlier.
Cash used in financing activities totaled $2.36 billion for the quarter, compared with $1.66 billion in the year-ago period. Cash used in investing activities was $302 million, a shift from $738 million generated from investing in Q1 2025.
Total assets rose to $57.67 billion as of March 31, 2026, from $55.52 billion a year earlier. Total liabilities declined to $22.57 billion from $23.08 billion as of December 31, 2025.
The company's stockholders' equity increased to $34.93 billion as of March 31, 2026, compared with $33.87 billion at the end of 2025. Long-term debt stood at $5.08 billion as of the quarter end.
Common shares outstanding totaled 1.08 billion as of March 31, 2026, down from 1.10 billion at year-end 2025.
Financial Summary
| Metric | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $7.31 billion | $5.01 billion | +46% |
| Net Income | $3.26 billion | $1.89 billion | +73% |
| Diluted EPS | $3.00 | $1.68 | +79% |
| Cash from Operations | $3.79 billion | $2.03 billion | +86% |
| Cash and Equivalents | $8.78 billion | $4.70 billion | +87% |
| Total Assets | $57.67 billion | $55.52 billion | +4% |