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Precious Metals

One-Minute Mining Brief

Newmont reports 1.3 million gold ounces; Red Chris decision still ahead

A one-minute weekend brief on Newmont’s October 22 quarterly release: reported output, cost outlook and the next Red Chris decision.

The Mining Minute Editorial Desk ·

Newmont Corporation · NYSE: NEM · Source release: 2026-10-22

Q3 2026 → 1.3M GOLD OZ → 5.3M OZ OUTLOOK → RED CHRIS REVIEW
Q3 2026 → 1.3M GOLD OZ → 5.3M OZ OUTLOOK → RED CHRIS REVIEW. Original explanatory diagram by The Mining Minute; not a photograph of a project.

What happened

Newmont reported approximately 1.3 million attributable gold ounces for the third quarter in its October 22 release. The company said it remained on track for full-year production guidance of 5.3 million attributable gold ounces. These are company-reported operating figures, rather than an independent assessment of performance. [1]

Why it matters

The release brings production, costs and capital commitments into the same reading frame. Newmont also lowered its full-year gold by-product all-in sustaining cost guidance to US$1,520 per ounce. AISC is a non-GAAP measure; readers should use the company’s definitions and reconciliations when comparing producers. [1]

The key number

1.3 million attributable gold ounces is the reported quarterly output. It is neither a reserve estimate nor a forecast of future production. [1]

What to watch

Newmont expects a full-funds investment decision on the Red Chris Block Cave in early 2027. The feasibility study, governance review and required approvals remain relevant milestones. A targeted decision is not an approved construction commitment. [1]

Sources & footnotes

  1. Newmont — third-quarter 2026 results, October 22, 2026; Q3 Results, footnote 3 and Projects Update. Checked 2026-10-24.

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