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Newmont NEM Gold — Costs Applicable to Sales

Other product segments

Silver
$162M+170%
Copper
$96M-42.2%
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

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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: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
Six Months Ended June 30, 2025SalesCosts 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 ItemsTotal AssetsCapital Expenditures (2)
Managed
Lihir$972$363$91$7$3$14$494$5,735$81
Cadia:
Gold68616567
Copper43715365
Total Cadia1,12331813234346326,368273
Tanami5071975626172292,434247
Boddington:

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Newmont's gold — costs applicable to sales?
Newmont (NEM) reported gold — costs applicable to sales of $363M in Q2 2026.
How has Newmont's gold — costs applicable to sales changed year-over-year?
Newmont's gold — costs applicable to sales decreased by 4.2% year-over-year, from $379M to $363M.
What is the long-term trend for Newmont's gold — costs applicable to sales?
Over 4 years (2021 to 2025), Newmont's gold — costs applicable to sales has grown at a 10.2% compound annual growth rate (CAGR), from $1B to $1.48B.
What does gold — costs applicable to sales mean?
This metric captures the direct operating costs associated with the production and sale of gold, including mining, processing, and site-level administrative expenses. It excludes corporate overhead and depreciation, focusing on the cash-based costs required to extract and sell the product. It is a key component in calculating the segment's operating margin and overall cost efficiency.

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