[SMM Flash News] Newmont Reaffirms 2026 Guidance, Targets 5 Moz Expansion at Lihir Mine

Published: Jul 27, 2026 23:30

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Newmont reaffirmed its 2026 production guidance after reporting record quarterly free cash flow of US$2.2 billion. The company produced 1.3 million oz of gold, 17,000 mt of copper and 7 million oz of silver in the second quarter. Newmont said construction of a nearshore barrier at its Lihir gold mine in Papua New Guinea is expected to unlock more than 5 million oz of additional gold resources from 2028. The company also reported adjusted EBITDA of US$3.8 billion and returned approximately US$1.9 billion to shareholders through dividends and share buybacks.

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