NEM
Newmont Corporation98.03
-1.66-1.67%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Brownfields expand growth pipeline
Q&A spotlighted brownfield expansions across Ahafo South underground, Ahafo North duplication, Lihir high-grade access, Tanami extensions, Brucejack larger stopes, Cerro Negro open pit, and Cadia caves—quick, low-cap wins not detailed in prepared remarks. Management outlined NGM fixes like mill filling and portfolio blending amid JV tensions, but deferred default details to the agreement. Costs got specifics: $100/oz savings, CAS around $1,430, G&A down 21%. Tanami capex on track, ops resumed post-fatality. No M&A haste; portfolio sufficient. Brownfields multiply options. Watch NGM progress, long-term growth path.
Key Stats
Market Cap
107.68BP/E (TTM)
15.25Basic EPS (TTM)
6.43Dividend Yield
0.01%Recent Filings
10-K
8-K
10-Q
Q3 FY2025 results
Newmont's Q3 2025 sales climbed 20% year-over-year to $5.5B, fueled by a 41% jump in average realized gold prices to $3,539 per ounce, though volumes dipped 16% to 1.3 million ounces amid divestitures of non-core assets like CC&V and Akyem. Costs applicable to sales fell 16% to $2.0B, trimming per-ounce expenses to $1,185 from $1,207, while operating income soared on the price surge and $99M gain from asset sale reversals. Cash from operations hit $6.7B year-to-date, up 76%, driving free cash flow to $4.5B and enabling $3.4B debt paydown to $5.2B, with $5.6B cash and $9.6B liquidity bolstering the balance sheet. Divestitures unlocked $2.8B in proceeds, streamlining the portfolio toward high-margin sites like Peñasquito and Cadia. Yet commodity price swings remain a persistent drag.
8-K
Newmont's Q3 gold output hits 1.4M oz
Newmont Corporation reported third-quarter 2025 results on October 23, featuring 1.4 million attributable gold ounces produced at $3,539 per ounce realized price, yielding $1.8 billion net income and a record $1.6 billion free cash flow. Cost savings initiatives slashed 2025 guidance for G&A by $85 million and exploration by $75 million, while maintaining production at 5.9 million ounces and improving capital spend by $200 million amid rising gold prices. CEO Tom Palmer retires year-end; Natascha Viljoen steps in January 2026. Strong cash flow fuels $823 million shareholder returns, yet higher royalties pressure unit costs.
8-K
Newmont CEO succession announced
Newmont Corporation announced CEO Tom Palmer's retirement on December 31, 2025, after leading since 2019 through key acquisitions like Goldcorp and Newcrest. Natascha Viljoen, current President and COO with over 30 years in mining, succeeds him as CEO and board member on January 1, 2026, with Palmer advising until March 31. Viljoen's package includes $1.2 million base salary and $7 million target long-term incentives. This planned transition bolsters continuity amid strategic priorities.
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