Home / Business and Economy / Newmont Mines Gold, Returns Billions to Shareholders
Newmont Mines Gold, Returns Billions to Shareholders
1 Aug
Summary
- Newmont reported $6.1 billion in sales and 1.3 million gold ounces in Q2.
- Company returned $1.9 billion to shareholders via dividends and buybacks.
- Analysts maintain a 'Strong Buy' rating, with 19 strong buy recommendations.
Newmont Corporation, the world's largest gold mining company, announced strong second-quarter financial results on July 23. Sales increased by 15.1% year over year, reaching $6.1 billion, with attributable gold production of approximately 1.3 million ounces. The company generated record free cash flow of $2.2 billion.
During the quarter, Newmont returned $1.9 billion to its shareholders via dividends and share repurchases. The company reaffirmed its full-year 2026 production guidance of 5.3 million attributable gold ounces. Analysts hold a favorable view, with 19 out of 24 analysts rating the stock a 'Strong Buy'.
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