NEWMONT Corp /DE/NEM
NEWMONT Corp /DE/ Financial Overview 2021–2025
Updated Jul 10, 2026Newmont Corporation generated a staggering $7.3 billion in free cash flow during FY2025, marking a massive turnaround from just $88 million in FY2023. This cash generation underscores the successful integration of a $13.5 billion acquisition of Newcrest Mining alongside surging commodity prices, positioning Newmont as a highly profitable, streamlined gold producer.
The company's top line completely transformed over the last half-decade, as revenue grew from $12.22 billion in FY2021 to $22.67 billion in FY2025. This growth was fueled by higher realized gold prices and strategic portfolio optimization, where management aggressively shed non-core assets to focus on Tier 1 mines. Operations drove sustained cash flow despite inflationary pressures pushing all-in sustaining costs to $1,609 per ounce in FY2025. By the end of FY2025, the company commanded 118.2 million ounces of proven and probable gold reserves and built a formidable liquidity cushion of $7.65 billion in cash.
As profitability rebounded from a net loss of $2.52 billion in FY2023 to a net income of $7.09 billion in FY2025, the market took notice. The stock traded at $99.85 per share at the close of FY2025, reflecting investor confidence in a business that successfully deleveraged its balance sheet and funded a steady $0.25 quarterly dividend while riding a historic gold cycle.
Recent Developments (Q4 2025 and Q1 2026)
Newmont carried strong momentum into Q1 2026, driven by a surge in commodity pricing. Sales jumped 46% year-over-year to $7,307 million, fueled by average realized gold prices reaching $4,900 per ounce. Net income nearly doubled to $3,262 million, or $3.00 per share, up from $1,891 million in Q1 2025. The company returned capital to shareholders by executing $1,895 million in stock repurchases during the quarter.
Newmont also executed a leadership overhaul in mid-2026, appointing a new Chief Financial Officer, Chief Operating Officer, and Chief Technical Officer. Bulls argue that generating operating cash flows of $3,785 million in a single quarter justifies the stock trading at 38.0x earnings as of the Q1 2026 results. Conversely, bears warn that this profitability is heavily reliant on record gold prices, leaving the business exposed to macroeconomic shifts.
What to watch: integration of the newly appointed executive leadership team; the impact of fluctuating realized gold prices on future stock repurchases.
Rev
$22.67B
FY2025
NI
$7.08B
FY2025
EPS$NEM
$6.41
FY2025
OCF
$10.33B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All NEM Financial Metrics(60)
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Recent SEC Filings
NEWMONT Corp /DE/ 8-K Report, Executive Changes (Aug 20, 2026)
Newmont Corporation (NEM) announced a significant addition to its Board of Directors with the appointment of Peter David Beaven as an independent director, effective September 1, 2026. Mr. Beaven brings a wealth of global mining and finance expertise, having previously served as Group Chief Financial Officer of BHP. His extensive experience in strategy, mergers, acquisitions, divestments, and financial functions, including investor relations, is expected to be a valuable asset to Newmont's board. Furthermore, Mr. Beaven will be joining the Audit Committee, a crucial role given his background. His current involvements include serving as Chair and interim CEO of Renewable Metals Pty Ltd., and as a Senior Adviser to Global Infrastructure Partners, indicating his continued engagement in the resources and investment sectors. This appointment signals a strategic strengthening of the Board's oversight and financial acumen.
NEWMONT Corp /DE/ 8-K Report, Material Agreement (Aug 13, 2026)
Newmont Corporation has entered into a Second Amended and Restated Limited Liability Company Agreement for the Nevada Gold Mines LLC joint venture with Barrick Mining Corporation. This agreement formalizes the contribution of Barrick's Fourmile project and Newmont's Fiberline and Mike projects to the joint venture. As part of this transaction, Newmont will pay Barrick $1.95 billion in cash within 30 days of Fourmile's contribution. Following these contributions, Newmont and Barrick will be deemed to have made substantial capital contributions to the joint venture, with Nevada JV assuming all associated liabilities. Furthermore, the amended agreement updates procedures for valuing future contributions and calculating dilution, and modifies certain governance approval rights. This filing also confirms a confidential settlement agreement has been reached between Newmont and Barrick, resolving all outstanding disputes related to the Nevada JV. Investors should note that this report contains forward-looking statements subject to various risks and uncertainties.
NEWMONT Corp /DE/ 8-K Report, Financial Results (Jul 23, 2026)
Newmont Corporation filed an 8-K on July 23, 2026, to announce its financial and operational results for the second quarter ended June 30, 2026. The filing primarily references an attached news release (Exhibit 99.1) which contains the detailed results. Investors should review this news release for comprehensive information regarding the company's performance during the quarter, including revenue, profitability, production levels, and any forward-looking statements or guidance provided by management. While the 8-K itself is a procedural document, the attached news release is critical for understanding Newmont's recent financial condition and operational achievements. It's important to note that the information furnished in this Item 2.02 is not deemed "filed" for certain legal purposes, but it represents the company's official communication of its quarterly performance to the market.
NEWMONT Corp /DE/ 8-K Report, Executive Changes (Jun 15, 2026)
Newmont Corporation (NEM) has announced significant leadership changes, effective July 1, 2026, with the appointment of three key executives: Mark Rodgers as Executive Vice President and Chief Operating Officer, David Thornton as Executive Vice President and Chief Technical Officer, and Brian Tabolt as Executive Vice President and Chief Financial Officer. These appointments reflect a strategic move to solidify the company's Executive Leadership Team under CEO Natascha Viljoen and leverage internal talent with extensive experience in the mining sector. The company also appointed Joshua Cage as Chief Accounting Officer and Controller. The report details the compensation packages for the newly appointed officers, including base salaries, short-term and long-term incentives (PSUs and RSUs), and one-time RSU awards for Messrs. Rodgers, Thornton, and Tabolt, reflecting their elevated responsibilities and the company's commitment to retaining experienced leadership. Notably, the filing also acknowledges interim leadership and thanks departing interim officers for their service.
NEWMONT Corp /DE/ 8-K Report, Shareholder Vote Results (May 13, 2026)
Newmont Corporation's 8-K filing dated May 13, 2026, reports the outcomes of its 2026 Annual Meeting of Stockholders held on May 12, 2026. The key takeaway for investors is that all matters presented to shareholders were overwhelmingly approved, indicating strong support for the company's current direction and governance. This includes the election of all nominated directors, the advisory resolution on executive compensation, and the ratification of Ernst & Young LLP as the independent registered public accounting firm for 2026. The high percentage of "Votes For" across all proposals suggests a stable and confident shareholder base. The overwhelming approval for director elections and the auditor ratification further reinforce trust in Newmont's leadership and financial oversight. The strong endorsement of the executive compensation plan, while advisory, signals shareholder satisfaction with the company's pay-for-performance philosophy.
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