Q1 2026 Newmont Corporation Earnings Call Transcript
Key Points
- Newmont Corp (NEM) achieved record free cash flow generation of $3.1 billion in the first quarter, marking an all-time quarterly record.
- The company maintained its full-year cost guidance despite global supply chain challenges and increased energy prices.
- Newmont Corp (NEM) announced a new $6-billion share repurchase authorization, reinforcing its commitment to returning excess cash to shareholders.
- The company successfully managed operational challenges, including a magnitude 4.5 earthquake near its Cadia operation, with no injuries and limited damage.
- Newmont Corp (NEM) produced 1.3 million ounces of gold, 50,000 tons of copper, and 9 million ounces of silver, benefiting from favorable metal prices and supporting strong financial results.
- Second quarter production is expected to be lower due to temporary interruptions at Cadia following the earthquake.
- Higher oil prices may create incremental pressure on costs, although Newmont Corp (NEM) views this as manageable.
- The company is facing ongoing geopolitical and supply chain challenges, particularly due to the conflict in the Middle East.
- There is uncertainty surrounding the resolution of the notice of default with the Nevada Gold Mines joint venture partner.
- Newmont Corp (NEM) anticipates higher all-in sustaining costs in the second quarter due to increased sustaining capital and lower silver production.
Hello and welcome to Newmont's first-quarter 2026 results conference call.
(Operator Instructions)
Please note that this event is being recorded.
I would now like to turn the conference over to Newmont's Group Head of Treasury & Investor Relations, Neil Backhouse. Neil, please go ahead.
Thank you, Christine.
Hello, everyone, and thank you for joining Newmont's first-quarter 2026 Results Conference Call.
Joining me today are Natascha Viljoen, our President and Chief Executive Officer; Peter Wexler, our Interim Chief Financial Officer and Chief Legal Officer; and other members of our management team who will be available to answer questions at the end of the call.
Before we begin, please take a moment to review our cautionary statements shown here and refer to our SEC filings, which can be found on our website.
With that, I'll turn the call over to Natascha.
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