Newmont beats earnings estimates, announces $6B buyback amid rising gold prices.

Newmont reported first-quarter earnings of $2.90 per share, surpassing the $2.21 consensus estimate, with revenue of $7.31 billion beating expectations. The company ended the quarter with $8.8 billion in cash and returned $2.7 billion to shareholders through dividends and buybacks. Newmont authorized a new $6 billion share buyback program and declared a Q1 2026 dividend of 26 cents per share. Despite a slight expected dip in Q2 production due to operational disruptions, full-year guidance remains unchanged, with planned increases in capital spending and unit costs due to various operational factors and higher oil prices.