Newmont Corporation
79.67+0.33 (+0.42%)
Oct 29, 4:00:02 PM EDT · NYSE · NEM · USD
Key Stats
Market Cap
86.94BP/E (TTM)
12.39Basic EPS (TTM)
6.43Dividend Yield
0.01%Recent Filings
10-Q
8-K
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.
8-K
Newmont's Q2 gold output surges
Newmont Corporation reported robust Q2 2025 results, producing 1.5 million attributable gold ounces at an average realized price of $3,320 per ounce, driving net income of $2.1 billion and a record $1.7 billion in free cash flow. The company completed its non-core asset divestitures, securing over $3.0 billion in after-tax proceeds this year, while maintaining a strong balance sheet with $6.2 billion in cash and net debt to adjusted EBITDA of 0.1x. It authorized an additional $3.0 billion share repurchase program and declared a $0.25 per share dividend, payable September 29. Newmont stays on track for full-year guidance.
10-Q
Q2 FY2025 results
Newmont's Q2 2025 sales surged 21% y/y to $5.3B, fueled by a 41% jump in realized gold prices to $3,320/oz, though gold sales volumes dipped 11% to 1.38M oz amid divestitures of non-core assets like Akyem and Porcupine. Gross margins expanded as costs applicable to sales fell 7% y/y to $2.0B, yielding $1,215/oz (up 5% y/y, derived), while operating income ballooned on $699M gains from asset sales. Diluted EPS hit $1.85, up from $0.73, reconciling to 1.112B shares with no anti-dilution flagged. Liquidity strengthened with $6.2B cash and $10.2B total availability, net debt at $1.4B after $1.4B debt redemptions; free cash flow reached $2.9B YTD on $4.4B operating cash. Divestitures closed in April 2025 for $972M (Akyem, cash/deferred per Note 3), recognizing $683M goodwill-adjusted gain. Yet commodity price volatility poses ongoing risks.
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