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Newmont NEM Copper — D&A

Other product segments

Gold
$102M-15.7%
Silver
$49M+69.0%
Zinc
$16M-50.0%
Lead
$5M-50.0%

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$32.14M+50.3%

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$96.24B+47.9%
Enterprise value$92.28B+40.2%
P/E11.2×+0.8×
P/S3.7×+0.6×

Profitability

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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:DepreciationDepletionAndAmortization.

The official record: Newmont’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Newmont's copper — D&A?
Newmont (NEM) reported copper — D&A of $37M in Q2 2026.
How has Newmont's copper — D&A changed year-over-year?
Newmont's copper — D&A decreased by 31.5% year-over-year, from $54M to $37M.
What is the long-term trend for Newmont's copper — D&A?
Over 2 years (2023 to 2025), Newmont's copper — D&A has grown at a 91.3% compound annual growth rate (CAGR), from $53M to $194M.
What does copper — D&A mean?
This represents the non-cash expense allocated to the copper segment for the wear and tear of mining equipment, infrastructure, and the depletion of mineral reserves over time. It reflects the capital intensity of the copper operations and the ongoing investment required to maintain production capacity. Monitoring this helps investors understand the long-term capital replacement needs of the segment.