Newmont Q1 Earnings Beat, $3.1B Cash Flow

Newmont reported Q1 adjusted EPS $2.90, beating estimates by $0.72, and revenue $7.31B versus $6.53B consensus.
Free cash flow hit a record $3.1B, driven by average gold price $4,900/oz and 1.3M ounces produced, 6% above consensus.
Board authorized an additional $6.0B share repurchase after completing prior $6.0B program, having bought back $2.4B since last call.
Newmont declared a $0.26 per share dividend payable June 22, 2026, and reaffirmed 2026 production guidance of 5.3M gold ounces.