Newmont falls 1.41% after revenue and adjusted EBITDA miss estimates

Newmont shares fell 1.41% in the first 10 minutes after second-quarter revenue and adjusted EBITDA missed expectations, outweighing an adjusted EPS beat in the initial tape response. The results crossed at 20:06:49 UTC on July 23, 2026. NEM dropped 1.39% after one minute, reached $93.05 at 10 minutes and then recovered most of the decline by the available 15-minute observation.

Profit beat, but revenue and EBITDA fell short

Newmont reported second-quarter adjusted EPS of $2.10, above the $2.02 expectation supplied with the release. Revenue came in at $6.12 billion, below the $6.34 billion estimate, while adjusted EBITDA of $3.76 billion missed the $3.83 billion expectation.

The result presented a clear internal split. Adjusted EPS exceeded consensus by $0.08, but revenue missed by $220 million and adjusted EBITDA fell $70 million short. Newmont's results release published July 23, 2026 said the company remained on track to achieve its full-year guidance. That broader operating message did not prevent an immediate negative share-price response to the reported expectation gap.

NEM sold off immediately after the release

NEM traded at $94.99 two minutes before the results and had a $94.38 release price. One minute later, the shares were at $93.67, a decline of 1.39% on the supplied immediate-reaction measure.

At 20:16 UTC, 10 minutes after the release reference, NEM traded at $93.05. That represented a 1.41% decline from $94.38. The event-aligned move is narrower than the draft's 2.04% characterization, which compares the $93.05 reading with an earlier price rather than with the release price.

The initial decline faded sharply

By 20:21 UTC, NEM had recovered to $94.03. The remaining decline from the release price was 0.37%, compared with the 1.41% loss recorded five minutes earlier. The shares therefore regained most of the initial post-release drop without fully returning to $94.38.

The available path shows a negative first read followed by a substantial fade: the stock moved lower as the market processed an EPS beat alongside revenue and adjusted EBITDA misses, then recovered roughly three-quarters of the 10-minute percentage decline by the 15-minute observation. That reversal complicates any claim that the market maintained a firm negative judgment on the quarter.

The reaction remained company-specific

No gold-miner, gold-price or sector-fund reaction was supplied alongside NEM. The observed move therefore supports a company-specific expectation-gap account, not a conclusion about broader gold-equity sentiment. The defensible interpretation is limited to what printed and what followed: adjusted EPS beat, two other headline measures missed, NEM sold off immediately and most of that decline faded within the measured period.