"Newmont ( NYSE: NEM) delivered a substantially stronger third quarter than Wall Street anticipated, with earnings per share of $1.71 beating consensus estimates of $1.44 by 19%, and revenue of $5.52 billion exceeding expectations of $5.27 billion by 4.7%.The gold producer's net income surged 95% year-over-year to $1.8 billion, driven by higher gold production and improved operational efficiency across its global portfolio."
"On the balance sheet, Newmont reduced debt by $2 billion during the period and maintained a fortress cash position of $5.6 billion, with total liquidity of $9.6 billion.The company is simultaneously funding growth (the Ahafo North project is expected to reach commercial production by end of October), returning capital (a $0.25 per share dividend was declared), and maintaining balance sheet strength."
Newmont reported Q3 EPS of $1.71, beating consensus by 19%, and revenue of $5.52 billion, exceeding expectations. Net income rose 95% year-over-year to $1.8 billion, supported by higher gold production and improved operational efficiency. Free cash flow reached a record $1.6 billion in Q3, the fourth consecutive quarter above $1 billion. Revenue climbed 20% year-over-year and operating cash flow increased 39% to $1.65 billion, with 1.4 million attributable gold ounces produced and a favorable $2,400–$2,700 gold price environment. The company reduced debt by $2 billion, held $5.6 billion in cash and $9.6 billion in total liquidity, declared a $0.25 dividend, reaffirmed 2025 guidance, and expects Ahafo North to reach commercial production by end of October. Shares fell 2.37% after the report.
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