- Revenue: $5.01B, +25% Y/Y
- Net Income: $1.89B, +1012% Y/Y
- Free Cash Flow: $1.21B, record Q1
CEO Tom Palmer: "Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion... we remain firmly on track to meet our 2025 guidance."
🌱Revenue & Growth
- Total Revenue: $5.01B vs $4.02B, +25% Y/Y
- Gold Production: 1.54M oz vs 1.68M oz, -8% Y/Y
- Avg Realized Gold Price: $2,944/oz vs $2,090/oz, +41% Y/Y
- Copper Production: 35K tonnes
- Non-managed JV (Nevada Gold Mines): 216K oz, -23% Y/Y
💰Profits & Health
- Net Income: $1.89B vs $170M
- Adjusted Net Income: $1.40B, $1.25/share
- Adjusted EBITDA: $2.63B, -14% Q/Q
- Gold CAS: $1,227/oz, +16% Y/Y
- Gold AISC: $1,651/oz, +15% Y/Y
- Operating Cash Flow: $2.03B
- Cash & Equivalents: $4.70B
- Net Debt/EBITDA: 0.3x
- Dividends Paid: $0.25/share
- Debt reduced by $1.0B YTD
📌Business Highlights
- Completed sale of 5 non-core assets (e.g., Éléonore, Musselwhite, CC&V, Akyem, Porcupine)
- $2.5B in after-tax cash proceeds from asset sales YTD
- $1.0B returned to shareholders YTD (dividends + buybacks)
- Received $64M from Pueblo Viejo and $23M from Fruta del Norte JVs
- Spent $95M on reclamation (incl. $50M for Yanacocha water treatment)
🔮Future Outlook
- 2025 Gold Production Guidance: 5.9Moz
- 2025 Gold AISC: $1,630/oz
- Development Capex: $1.33B (H1 weighted)
- Reclamation Spend FY2025: $800M
- Q2 Production expected flat vs Q1; FCF expected to decline due to taxes and capex
- Remain on track for FY2025 guidance; long-term portfolio focus on Tier 1 assets