| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 23, 2026 | 3/12 | 2 high, 3 medium, 1 low flags | 2 | 2 | Call sheet → |
| Q1'26 | April 23, 2026 | 9/12 | 2 high, 3 medium, 1 low flags | 2 | 0 | Call sheet → |
| Q4'25 | February 19, 2026 | 11/12 | 1 high, 1 medium, 4 low flags | 6 | 0 | Call sheet → |
| Q3'25 | 2025-10-23 | 10/12 | 2 medium, 4 low flags | 6 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | Enhanced capital allocation framework Executing buybacks and dividends as promised, though pace slowing |
| Q2'26 | Delivered | Continue generating robust free cash flow $2.2B in Q2 still strong despite sequential decline |
| Q2'26 | Missed | Progressive momentum from Q2 onwards Q3 now guided flat with Q2, not the acceleration they promised |
| Q2'26 | Pending | Maintain full year cost guidance Technically holding but only due to byproduct credit timing, underlying costs deteriorating |
| Q2'26 | Missed | Cadia full recovery expected by end of Q2 Cave establishment still halted, only at 80% capacity currently |
| Q2'26 | Pending | No impact on Newmont's full year production guidance from Cadia Still claiming this despite Q2 impact and indefinite regulatory timeline for cave restart |
| Q1'26 | Pending | Tanami Expansion 2 completion second half 2027 Reconfirmed timeline, shaft lining complete, moving to equipment phase |
| Q1'26 | Pending | Red Chris feasibility study completion second half 2026 Reconfirmed timeline but added heavy qualification about cost estimate accountability |
| Q1'26 | Delivered | Ahafo North commercial production achieved end of 2025 Confirmed continuing production ramp-up in line with plan |
| Q1'26 | Delivered | Enhanced capital allocation framework with predictable dividend growth Maintained $0.26 quarterly dividend, completed $2.4B repurchase, approved new $6B authorization |
| Q1'26 | Pending | All-in sustaining costs approximately $1,680 per ounce byproduct basis Q1 actual $1,029 well below guidance, but acknowledged Q2 will be notably higher |
| Q1'26 | Pending | 2026 production guidance of 5.3 million ounces Maintained despite Q1 outperformance and Cadia earthquake - suggests confidence in recovery |
| Q4'25 | Delivered | Red Chris feasibility study progress despite incident On track for second half 2026 decision, incorporating incident learnings |
| Q4'25 | Delivered | Continued share repurchases within $6B program $2.1B executed in 2025, $2.4B remaining |
| Q4'25 | Delivered | Asset divestiture program completion Generated $4.5B proceeds from noncore divestments |
| Q4'25 | Delivered | Ahafo North commercial production by end of 2025 Declared commercial production Q4, first gold September 19 |
| Q4'25 | Delivered | Cost savings initiatives bearing fruit in 2025 G&A reduced 15%, cost applicable to sales held constant despite inflation |
| Q4'25 | Delivered | 2025 production guidance achievement Hit 5.7M oz exactly as guided |
| Q3'25 | Delivered | Share repurchase program continuation (Q2 call) $550M since last call, though pace slowing vs $750M prior period |
| Q3'25 | Exceeded | Continued debt reduction focus (Q2 call) Retired $2B debt, reached near-zero net debt vs gradual reduction |
| Q3'25 | Delivered | Red Chris feasibility study timeline maintained (Q2 call) Mid-2026 Board proposal timeline unchanged despite underground incident |
| Q3'25 | Exceeded | Sustaining CapEx 57% second-half weighted (Q2 call) Actually came in $200M below guidance, shifted to 2026 |
| Q3'25 | Delivered | 2025 production guidance maintained (Q2 call) Reaffirmed full-year guidance despite individual mine transitions |
| Q3'25 | Delivered | Ahafo North commercial production Q4 2025 (Q2 call) Declaring commercial production by end of Q3 call day, ahead of Q4 timeline |
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