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Newmont NEM Exploration

Exploration at other companies

Newmont logo
NewmontNEM
$69M+13.1%
APA Corporation logo
APA CorporationAPA
$19M-5.0%
APA Corporation logo
APA CorporationAPA
$3M+50.0%
Hycroft Mining Holding Corporation logo
Hycroft Mining Holding CorporationHYMC
$7.63M+674%
APA Corporation logo
APA CorporationAPA
$1M0.0%
APA Corporation logo
APA CorporationAPA
$7.75M-49.2%

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$123.56B+63.3%
Enterprise value$119.6B+56.2%
P/E14.4×+2.3×
P/S4.8×+1.1×

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:ResultsOfOperationsExplorationExpense.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Costs applicable to sales (1)2,0882,0014,0254,107
Depreciation and amortization6046201,2361,213
Reclamation and remediation (Note 6)8183159176
Exploration6961120110
Advanced projects, research and development47409283
General and administrative7495153205
(Gain) loss on sale of assets held for sale (Note 3)(5)(699)(5)(975)
Other expense, net (Note 7)64488391

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Newmont's exploration?
Newmont (NEM) reported exploration of $69M in Q2 2026.
How has Newmont's exploration changed year-over-year?
Newmont's exploration increased by 13.1% year-over-year, from $61M to $69M.
What is the long-term trend for Newmont's exploration?
Over 4 years (2021 to 2025), Newmont's exploration has grown at a 3.8% compound annual growth rate (CAGR), from $209M to $243M.
What does exploration mean?
Exploration expense covers the costs incurred to identify and evaluate new mineral deposits to replenish reserves. This is a vital investment for long-term production sustainability in the mining sector.

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