Newmont quarterly profit rises to $2.48 billion

Full-year cost outlook improves as Newmont expects current-quarter unit costs to rise

In results released Thursday, Oct. 22, Newmont posted higher quarterly profit and revenue. The company attributed the increases primarily to higher gold sales volumes and realized copper prices.

A market-data entry showed NEM down 2.62%.

Profit reached $2.48 billion, or $2.35 a share, compared with $1.83 billion, or $1.67 a share, a year earlier. Newmont also reported adjusted per-share earnings of $2.20, above the $1.96 expected by analysts, according to FactSet.

Revenue rose to $6.36 billion from $5.52 billion. The result exceeded Wall Street analyst expectations of $6.27 billion, according to FactSet.

Newmont’s average realized gold price increased to $4,317 an ounce, compared with $3,539 a year earlier. Higher gold sales volumes and realized copper prices helped lift the company’s quarterly results.

Newmont said its full-year cost outlook had improved, mostly because of continued cost discipline and higher realized co-product pricing compared with previous assumptions. The company expected full-year gold by-product costs applicable to sales of $925 an ounce.

Newmont nonetheless expects unit costs to increase in the current quarter. The company attributed the projected rise primarily to higher sustaining capital spending and lower co-product volumes.

CEO Natascha Viljoen said Newmont remained on track to meet its full-year 2026 production guidance. Newmont also expects total attributable fourth-quarter gold production to be the company’s strongest quarter of the year.

The Wall Street Journal’s Natalie Weger, the reporter who covered Newmont’s third-quarter results, covers breaking corporate news in New York. Weger previously interned on the Journal’s Real-Time Desk in the summer of 2025 through the Dow Jones News Fund. Weger also covered corporate news for Bloomberg Law and local business news for the Daily Record in Baltimore. Originally from Maryland, Weger graduated from the University of Maryland in 2026 with dual degrees in journalism and information science and was a news editor and reporter for the Diamondback, the university’s independent student newspaper.