NEM · Newmont Q2 FY2026 earnings call record财报电话会记录

“Since our last earnings call and including share repurchases in July, we have returned approximately $1.9 billion to shareholders through quarterly dividends and ongoing share repurchases.”

“We continue to expect no impact on Newmont's full-year production guidance.”

“We realized an average gold price of $4,414 per ounce, generated $2.9 billion of cash flow from operations after working capital, and delivered $2.2 billion of free cash flow.”

“During the calendar quarter, we returned approximately $1.8 billion through quarterly dividends and share repurchases, marking the second consecutive quarter in which we returned more than 80% of the free cash flow generated during the period.”

“This includes more than $600 million repurchased in July to date, leaving approximately $4.3 billion under the current authorization.”

“Since launching our repurchase program over two years ago, we have reduced our share count by more than 100 million shares or approximately 9%.”

“Based on the repurchases completed to date, the formula under our framework would support a quarterly dividend of $0.27 per share at the next annual review, $0.01 above the current quarterly dividend or $0.04 on an annualized basis while maintaining the same targeted annual cash commitment.”

“As it relates to oil price and diesel, notably, obviously today, with the oil price jumping up to $100 a barrel, we are watching and monitoring cost pressures across the business.”

“As we've noted in our materials, for every $10 per bbl change in the price of oil, you'll see on a full year basis about a $60 million impact.”

“We will see certainly the new caves, PC2-3 as it comes on.”

“I think as Natascha mentioned, when we're in a position to provide an update on the Red Chris full funds decision later this year or into early Q1 2027, the impact of Red Chris would be a consideration on top of that $1.4 billion.”

“As it relates to share buybacks, and thinking through the excess cash component of our capital allocation framework, we do provide that flexibility for exactly that reason.”