Follow your favourite podcasts, listen offline and in the car with CarPlay and Android Auto, and always pick up where you left off. Free to try.
Newmont's Record Quarter, Ghana's New Gold Royalty, and Copper Holds Above $6
Newmont Q1 2026: record net income $3.3B, FCF $3.1B, avg realized gold $4,900/oz, AISC $1,029/oz, production 1.30M oz (down 16% YoY due to Australian bushfires/rainfall + planned maintenance), $6B buyback authorized, full-year guidance maintained at 5.26M oz. CEO Natascha Viljoen: "all-time record $3.1 billion in quarterly free cash flow."
Ghana new sliding gold royalty (5-12% by gold price, enacted March 10, 2026): $185/oz AISC impact on Ghana operations, $25/oz impact on total Newmont AISC. Applies to all Ghana gold operators.
Copper at $6.01/lb April 24, up 24% over past month. J.P. Morgan forecasts $12,500/mt Q2 2026. Global refined deficit ~330,000 tonnes. Grasberg force majeure ongoing.
NOTE: Audio pending — ElevenLabs platform quota exhausted. Will be added when quota restores.
