Newmont stock advances projects as 2027 spending rises

Newmont is using strong cash generation to advance two major growth projects as it prepares for a more capital-intensive 2027. In its October 22, 2026 earnings release, the company said it generated 1.9 billion US dollars of third-quarter free cash flow and remained on track for its full-year production guidance.

Newmont stock traded at 107.70 euros on Lang & Schwarz at 16:39 CET on Wednesday, November 11. Compared with the 108.84 euros cited in the latest own report at 13:21 CET the same day, the quote was 1.05 percent lower. This comparison is separate from the Xetra daily reference.

Cash Supports Project Investment

Newmont reported third-quarter adjusted net income of 2.3 billion US dollars, or 2.20 US dollars per diluted share. Adjusted EBITDA reached 4.0 billion US dollars, while cash from operating activities totaled 2.8 billion US dollars after working-capital impacts.

The balance sheet also gives management room to invest. Newmont ended September with 8.8 billion US dollars of cash, 12.8 billion US dollars of total liquidity and a 3.2 billion US dollar net cash position. The company also repurchased 1.6 billion US dollars of common stock after its previous earnings call.

Tanami Moves Toward Production

At Tanami in Australia, construction of the shaft for Expansion 2 was completed at the end of the third quarter. Newmont now expects commercial production toward the end of the first half of 2027, earlier than previously anticipated.

The project is intended to improve access to higher-grade underground ore. Newmont expects attributable gold production to return to growth in 2027, supported in part by additional Tanami ounces.

Red Chris Raises Capital Stakes

At Red Chris in British Columbia, Newmont is finalizing the feasibility study for an underground Block Cave project. A full-funds investment decision is expected in early 2027, subject to governance approvals.

Newmont owns 70 percent of the joint venture. Development capital is estimated at 4.2 billion to 4.8 billion US dollars on a 100 percent basis, net of an anticipated 500 million Canadian dollar contribution from the Canadian government. Construction could begin in 2027, with commercial production targeted for 2033.

Development capital is expected to rise by about 500 million US dollars in 2027 as spending increases at Red Chris and the Lihir Nearshore Barrier project. About 200 million US dollars of that increase is expected to be offset by lower reclamation spending at the Yanacocha water-treatment plants.

The S&P 500 remains the relevant broader market backdrop for US-listed mining shares and other risk assets.

Investors will next focus on Newmont's fourth-quarter production, the final Red Chris feasibility work and the expected early-2027 investment decision. More news and analyses on Newmont stock remain available.