Newmont Q4 adjusted profit $2.8 billion; 2026 gold output guided lower
Newmont reported fourth-quarter 2025 adjusted net income of $2.8 billion, or $2.52 per diluted share, up from $1.9 billion, or $1.71, in the prior quarter, while GAAP net income fell to $1,301 million after a $779 million impairment and higher taxes. For 2026, it expects attributable gold production of about 5.3 million ounces and gold by-product all-in sustaining costs of $1,680 per ounce, compared with 5.9 million ounces and $1,358 per ounce in 2025, so output is guided lower and unit costs higher.
Key points
- Q4 2025 net income attributable to stockholders was $1,301 million ($1.19 per diluted share), down $531 million from Q3, including a $779 million impairment tied to the Yanacocha Sulfides project deferral.
- Full-year 2025 adjusted net income was $7.6 billion ($6.89 per diluted share), and free cash flow was $7.3 billion.
- 2026 guidance: attributable gold production of about 5.3 million ounces and gold by-product AISC of $1,680 per ounce.
- Board declared a $0.26 per share dividend for Q4 2025, payable March 26, 2026; 2026 sustaining capital is about $1.95 billion and development capital about $1.4 billion.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.