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
$18.68B
FY2024
NI
$3.35B
FY2024
EPS$NEM
$2.92
FY2024
OCF
$6.32B
FY2024
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
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.
NEWMONT Corp /DE/ 8-K Report, Executive Changes (Apr 28, 2026)
This 8-K filing announces a significant leadership change within Newmont Corporation, detailing the retirement of Executive Vice President and Chief Technical Officer, Mr. Francois Hardy, effective June 30, 2026. Mr. Hardy's departure is amicable and not due to any disagreements, and he will not receive severance. His retirement marks the end of a 24-year tenure with the company, during which he made impactful contributions. The company has initiated a process to identify a successor, emphasizing its robust succession planning. In the interim, Ms. Erin Workman will assume the role of acting Chief Technical Officer starting May 2026. Ms. Workman brings extensive experience in exploration and geosciences, having held various leadership positions within Newmont since 2019, as well as prior experience with other prominent mining companies. Her appointment underscores Newmont's focus on leveraging internal talent for critical leadership roles during transitions.
NEWMONT Corp /DE/ 8-K Report, Financial Results (Apr 23, 2026)
Newmont Corporation has filed an 8-K report to announce its first quarter financial results for the period ending March 31, 2026. The core of this filing is the news release, Exhibit 99.1, which provides detailed operational and financial performance data for the quarter. Investors should refer to this news release for specific metrics regarding revenue, profitability, production levels, cost management, and any forward-looking guidance issued by the company. While this 8-K itself is procedural, the attached news release is the primary source of information regarding Newmont's Q1 2026 performance and outlook. The key takeaway for investors is to carefully review the attached news release for a comprehensive understanding of Newmont's performance in the first quarter of 2026. This will include insights into their operational efficiency, the impact of commodity prices on their financial results, and their strategic progress. Any material developments or changes in guidance will be crucial for assessing the company's current valuation and future prospects.
NEWMONT Corp /DE/ 8-K Report, Financial Results (Feb 19, 2026)
Newmont Corporation (NEM) has filed an 8-K report on February 19, 2026, to announce its fourth quarter and full fiscal year 2025 operating and financial results. While the full details are contained within the furnished news release (Exhibit 99.1), this filing signals that investors can now access the company's most recent performance metrics. Investors should review the news release for specific figures related to revenue, profitability, production levels, cost management, and any forward-looking guidance or strategic updates for 2026.
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