Summary
Newmont Corporation (NEM) reported a significant increase in net income from continuing operations attributable to stockholders for the first quarter of 2025, reaching $1.89 billion, or $1.68 per diluted share, compared to $166 million, or $0.15 per diluted share, in the prior year's quarter. This strong performance was primarily driven by a substantial rise in sales, largely due to higher average realized gold prices, and a net gain from the sale of assets held for sale, contrasting with a loss recognized in the previous year. The company also saw a significant increase in operating cash flow to $2.03 billion. Operationally, Newmont continues to execute its portfolio optimization strategy, completing the sale of several non-core assets in the first quarter of 2025, including CC&V, Musselwhite, and Éléonore. Further divestitures of Akyem and Porcupine were completed in April 2025. These divestitures, alongside higher commodity prices, contributed to improved financial results. The company maintained its quarterly dividend of $0.25 per share and demonstrated robust liquidity with total liquidity of $8.77 billion at the end of the quarter.
Financial Highlights
50 data points| Revenue | $5.01B |
| R&D Expenses | $43.00M |
| Operating Expenses | $2.76B |
| Operating Income | $1.89B |
| Net Income | $1.89B |
| EPS (Basic) | $1.68 |
| EPS (Diluted) | $1.68 |
| Shares Outstanding (Basic) | 1.13B |
| Shares Outstanding (Diluted) | 1.13B |
Key Highlights
- 1Net income from continuing operations attributable to Newmont stockholders surged to $1.89 billion ($1.68/share) in Q1 2025, a significant increase from $166 million ($0.15/share) in Q1 2024.
- 2Total sales increased by $987 million to $5.01 billion, driven primarily by higher average realized gold prices, which saw a substantial jump from $2,090/ounce in Q1 2024 to $2,944/ounce in Q1 2025.
- 3Net cash provided by operating activities more than doubled to $2.03 billion in Q1 2025, up from $776 million in the prior year's quarter.
- 4The company generated positive free cash flow of $1.21 billion in Q1 2025, a significant improvement from a negative $74 million in Q1 2024.
- 5Newmont completed the sale of CC&V, Musselwhite, and Éléonore reportable segments in Q1 2025 and subsequently sold Akyem and Porcupine segments in April 2025 as part of its portfolio optimization strategy.
- 6The company maintained its quarterly cash dividend of $0.25 per share.
- 7Total liquidity remained strong at $8.77 billion as of March 31, 2025, comprising cash and cash equivalents and available borrowing capacity on its credit facilities.