Newmont Corporation delivered its strongest quarter ever, generating $3.8B in operating cash flow and $5.2B in adjusted EBITDA despite operational challenges. NEM is aggressively returning capital to shareholders, with $2.7B in buybacks and dividends and a newly doubled $6B share repurchase authorization. Management projects higher production beyond 2026, while current valuation remains attractive at ~10x forward earnings and a PEG well below 1.