Total Cost of Revenue
Newmont Total Cost of Revenue decreased by 4.4% to $1.94B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.0%, from $2.11B to $1.94B. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 10.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.
Detailed definition
The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...
Peer comparison
In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.
total_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.28B | $1.37B | $1.54B | $1.44B | $1.71B | $1.55B | $1.78B | $1.48B | $1.54B | $1.37B | $2.30B | $2.11B | $2.16B | $2.31B | $2.39B | $2.11B | $2.00B | $1.95B | $2.03B | $1.94B |
| QoQ Change | — | +6.7% | +12.7% | -6.8% | +19.0% | -9.5% | +15.2% | -16.7% | +4.1% | -11.1% | +68.0% | -8.6% | +2.4% | +7.1% | +3.5% | -11.9% | -5.0% | -2.5% | +3.9% | -4.4% |
| YoY Change | — | — | — | — | +33.3% | +13.0% | +15.6% | +3.3% | -9.7% | -11.3% | +29.4% | +42.1% | +39.7% | +68.5% | +3.8% | +0.0% | -7.2% | -15.5% | -15.2% | -8.0% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Gold | $359.00M | $330.00M | $405.00M | $366.00M | $379.00M | $360.00M | $375.00M | $328.00M |
| Total | $2.16B | $2.31B | $2.39B | $2.11B | $2.00B | $1.95B | $2.03B | $1.94B |
Business Segments — Nevada
| Segment | Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 |
|---|---|---|---|---|---|---|
| Nevada | $215.00M | $232.00M | $257.00M | $302.00M | $294.00M | $286.00M |
| North America | $469.00M | $463.00M | $515.00M | $70.00M | $520.00M | $257.00M |
| Australia | $265.00M | $257.00M | $273.00M | $314.00M | $265.00M | $220.00M |
| Africa | $148.00M | $189.00M | $173.00M | $205.00M | $232.00M | $130.00M |
| South America | $184.00M | $226.00M | $217.00M | $238.00M | $234.00M | $85.00M |
| Total | $1.28B | $1.37B | $1.44B | $1.71B | $1.55B | $1.48B |
Africa, Australia, Nevada, North America, South America were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Peñasquito
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Peñasquito | $271.00M | $273.00M | $291.00M | $299.00M | $258.00M | $344.00M | $361.00M | $297.00M |
| Ahafo South | — | — | — | — | — | — | — | $212.00M |
| Lihir | $162.00M | $206.00M | $248.00M | $161.00M | $202.00M | $202.00M | $190.00M | $176.00M |
| Cadia | $144.00M | $160.00M | $132.00M | $148.00M | $170.00M | $141.00M | $166.00M | $162.00M |
| Boddington | $188.00M | $180.00M | $257.00M | $205.00M | $207.00M | $192.00M | $208.00M | $148.00M |
| Yanacocha | $77.00M | $96.00M | $92.00M | $93.00M | $119.00M | $117.00M | $82.00M | $140.00M |
| Brucejack | $64.00M | $98.00M | $76.00M | $83.00M | $91.00M | $91.00M | $79.00M | $98.00M |
| Tanami | $101.00M | $98.00M | $109.00M | $82.00M | $115.00M | $121.00M | $111.00M | $98.00M |
| Ahafo North | — | — | — | — | — | — | — | $75.00M |
| Cerro Negro | $70.00M | $91.00M | $88.00M | $78.00M | $72.00M | $83.00M | $79.00M | $66.00M |
| Ahafo | $176.00M | $192.00M | $195.00M | $247.00M | $201.00M | $195.00M | — | — |
| Akyem | $81.00M | $95.00M | $86.00M | $90.00M | $17.00M | $0.00 | $0.00 | — |
| Éléonore | $89.00M | $70.00M | $86.00M | $54.00M | $0.00 | $0.00 | $0.00 | — |
| Musselwhite | $56.00M | $50.00M | $61.00M | $33.00M | $0.00 | $0.00 | $0.00 | — |
| Porcupine | $94.00M | $78.00M | $75.00M | $63.00M | $16.00M | $0.00 | $0.00 | — |
| Telfer | $95.00M | $43.00M | $62.00M | — | — | — | — | — |
| Total | $2.16B | $2.31B | $2.39B | $2.11B | $2.00B | $1.95B | $2.03B | $1.94B |
Ahafo, Akyem, Éléonore, Musselwhite, Porcupine, Telfer were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Cost of Revenue at Other Companies
Frequently Asked Questions
- What is Newmont's total cost of revenue?
- Newmont (NEM) reported total cost of revenue of $1.94B in Q1 2026.
- How has Newmont's total cost of revenue changed year-over-year?
- Newmont's total cost of revenue decreased by 8.0% year-over-year, from $2.11B to $1.94B.
- What is the long-term trend for Newmont's total cost of revenue?
- Over 4 years (2021 to 2025), Newmont's total cost of revenue has grown at a 10.4% compound annual growth rate (CAGR), from $5.44B to $8.09B.
- What does total cost of revenue mean?
- The direct cost of making the products or providing the services that a company sells.