Newmont Corp stock: Red Chris plan sharpens its growth outlook

Newmont Corporation added more detail to its growth pipeline with its third-quarter 2026 release dated October 22. The company is advancing the Red Chris Block Cave project in British Columbia toward a full-funds investment decision in early 2027, while the Tanami Expansion 2 project is moving toward commercial production by the end of the second quarter of 2027. Newmont's official release provides the operating and project details.

What has changed since the last report

The Red Chris update gives investors a more developed view of the potential project. Newmont estimates development capital at USD 4.2 billion to USD 4.8 billion on a 100 percent basis, net of the anticipated Canadian government contribution. The first phase is designed to produce 3.0 million ounces of gold and more than 850,000 tonnes of copper over an initial 13-year cave life, with commercial production targeted for 2033 subject to approval.

Tanami Expansion 2 has completed shaft construction and is expected to reach commercial production by the end of the second quarter of 2027. Management also expects fourth-quarter 2026 attributable gold production of 1.365 million ounces, the strongest quarterly level of the year, while maintaining full-year production guidance of 5.26 million ounces.

Results and investor context

Newmont reported third-quarter revenue of USD 6.363 billion and net income attributable to stockholders of USD 2.475 billion. Adjusted net income was USD 2.309 billion, or USD 2.20 per diluted share, while free cash flow reached USD 1.912 billion. The company improved its full-year gold by-product AISC guidance to USD 1,520 per ounce, although fourth-quarter AISC is expected to be higher because of planned sustaining capital and lower co-product credits.

At Lang & Schwarz, the valid euro quote was EUR 100.16 on October 29, 2026, at 16:42:16 Berlin time. That was 0.46 percent below the Xetra close of October 28, 2026, at EUR 100.62, based on the Yahoo Finance Xetra page. The latest own report read for comparison showed EUR 100.82 on October 27, so the current quote is 0.65 percent lower since that report.

Investors can follow the real-time quote of Newmont Corp stock for subsequent euro-market updates.

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More news and analyses on Newmont Corp stock track the company's operating updates, project milestones and market data.