NEM
Newmont Corporation98.03
-1.66-1.67%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
107.68BP/E (TTM)
15.25Basic EPS (TTM)
6.43Dividend Yield
0.01%Recent Filings
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.
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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