Newmont’s Q3 2026 attributable gold production is expected to land near the 1.3 million ounces reported for Q2, consistent with management’s July guidance that output would be broadly in line with the prior quarter while remaining heavily weighted toward Q4 to meet the 5.3 million ounce full-year target. Production sequencing at key assets including Ahafo South, Peñasquito, and Yanacocha, combined with higher sustaining capital and development spending, has tempered near-term volumes. Recent commentary also highlighted cost pressures from Yanacocha water-treatment outlays and severance that could affect Q4 cash flow. Traders are focused on the October 22 earnings release for confirmation of actual Q3 attributable ounces, any revisions to 2026 guidance, and updates on realized prices versus royalties and input costs.