10-QPeriod: Q3 FY2016

NEWMONT Corp /DE/ Quarterly Report for Q3 Ended Sep 30, 2016

Filed October 26, 2016For Securities:NEMNEMCL

Summary

Newmont Corporation (NEM) reported its third-quarter 2016 financial results, demonstrating continued efforts to improve operational efficiency and manage costs in a dynamic commodity market. The company's focus on profitable production and disciplined capital allocation remains central to its strategy. Investors should note the company's progress in managing its debt levels and its outlook for the remainder of the year, which is influenced by gold and copper prices, as well as operational performance across its global assets. The financial statements detail the company's performance, with particular attention to revenue, profitability, and cash flow generation. The Management's Discussion and Analysis section provides crucial insights into the factors driving these results, including production volumes, cost management initiatives, and strategic decisions. While specific figures are not detailed here, the report indicates the company is actively navigating the challenges and opportunities within the mining sector.

Financial Highlights

46 data points
Beta

Net Income

-$358.00M

EPS (Diluted)

$-0.67

Total Assets

$24.08B

Cash & Equivalents

$2.10B

Free Cash Flow

$856.00M

Financial Statements
Beta
Gross Profit$448.00M
R&D Expenses$34.00M
Operating Expenses$1.50B
Operating Income$167.00M
Net Income-$358.00M
EPS (Basic)$-0.67
EPS (Diluted)$-0.67
Shares Outstanding (Basic)531.00M
Shares Outstanding (Diluted)533.00M

Key Highlights

  • 1The filing covers the period ending September 29, 2016, providing a look at the company's performance in the third quarter of that year.
  • 2Key financial statements presented include Consolidated Statements of Operations, Comprehensive Income (Loss), Cash Flows, and Balance Sheets.
  • 3Management's Discussion and Analysis (MD&A) offers detailed commentary on financial condition, results of operations, liquidity, and capital resources.
  • 4The report includes sections on Quantitative and Qualitative Disclosures about Market Risk, indicating an awareness of and strategies for managing market volatility.
  • 5Risk Factors are detailed, providing investors with transparency into potential challenges that could impact the company's business and financial performance.
  • 6Mine Safety Disclosures are also included, reflecting a commitment to operational safety standards.

Frequently Asked Questions

While the provided filing outline does not contain specific financial figures, the Condensed Consolidated Statements of Operations and other financial statements detail the company's revenue, expenses, profitability, and cash flow for the quarter ending September 29, 2016. Investors should refer to the full financial statements within the 10-Q for precise numbers.

The 'Liquidity and Capital Resources' section within the Management's Discussion and Analysis provides insights into the company's cash generation, debt management, and overall financial health. The company's approach to managing its capital structure and ensuring sufficient liquidity is a key focus.

Item 1A, 'Risk Factors,' details potential risks that could affect Newmont's business, operations, and financial results. These often include commodity price volatility, operational challenges, environmental regulations, and geopolitical factors.

Yes, Item 3, 'Quantitative and Qualitative Disclosures About Market Risk,' addresses the company's exposure to market risks such as changes in commodity prices, interest rates, and foreign currency exchange rates, and the strategies employed to manage these risks.