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Newmont NEM Copper — Costs Applicable to Sales

Other product segments

Gold
$363M-4.2%
Silver
$162M+170%
Zinc
$65M-15.6%
Lead
$16M-23.8%

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Other financials

Income statement

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Revenue$6.1B+15.1%
Gross profit$4.0B+21.5%
Net income$2.2B+6.8%
EPS (diluted)$2.06+11.4%

Balance sheet

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Cash & equivalents$9.0B+45.4%
Total debt$5.1B-28.7%
Total equity$35.2B+9.8%
Total assets$57.6B+4.5%

Cash flow

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Operating cash flow$2.9B+22.7%
CapEx$719.0M+6.7%
Free cash flow$2.2B+28.9%

Valuation

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Market cap$111.09B+48.9%
Enterprise value$107.13B+41.9%
P/E12.9×+1.0×
P/S4.3×+0.7×

Profitability

See full
Gross margin68.9%+11.7pp
Net margin33.4%+2.9pp
FCF margin37.8%+11.9pp

Returns & leverage

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Return on equity25.5%+5.1pp
Debt / equity0.1×-0.1×
Current ratio2.5×+0.3×

Where this comes from

Reported directly by Newmont in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

The source filing: Newmont’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:46 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001164727-26-000036
Three Months Ended June 30, 2026SalesCosts Applicable to SalesDepreciation and AmortizationReclamation and RemediationAdvanced Projects, Research and Development and ExplorationOther Segment Expenses (Income) (1)Income (Loss) before Income and Mining Tax and Other ItemsCapital Expenditures (2)
Gold48198
Copper853012
Total Red Chris13349202215955
Brucejack25396412510923
Non-managed
NGM1,0693571272151567110
Total Reportable Segments6,1182,0885917077843,208768
Corporate and Other131139146(209)(4)

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Newmont's copper — costs applicable to sales?
Newmont (NEM) reported copper — costs applicable to sales of $96M in Q2 2026.
How has Newmont's copper — costs applicable to sales changed year-over-year?
Newmont's copper — costs applicable to sales decreased by 42.2% year-over-year, from $166M to $96M.
What is the long-term trend for Newmont's copper — costs applicable to sales?
Over 2 years (2023 to 2025), Newmont's copper — costs applicable to sales has grown at a 29.0% compound annual growth rate (CAGR), from $359M to $597M.
What does copper — costs applicable to sales mean?
This metric captures the direct operating costs associated with producing and selling copper, including mining, processing, and transportation expenses. It excludes corporate overhead and depreciation, focusing specifically on the cash costs required to bring the product to market. It is a key measure for assessing the operational efficiency and cost-competitiveness of the copper mining assets.

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