Loading...
•
Mar 31, 2020
Newmont Q1 2020 Earnings Report
Newmont delivered solid first quarter results driven by its proven operating model and globally diversified portfolio.
Key Takeaways
Newmont Corporation announced solid first quarter 2020 results, generating $2,581 million in revenue and $611 million in free cash flow. The company responded to COVID-19 from a position of strength, prioritizing the well-being of employees and communities.
Produced 1.5 million attributable ounces of gold and 339 thousand attributable gold equivalent ounces from co-products.
Generated $939 million of cash from continuing operations and $611 million of Free Cash Flow.
Received $1.4 billion in cash proceeds from the sale of KCGM, Continental Gold and Red Lake.
Reported $3.7 billion of consolidated cash with $6.6 billion of liquidity and a net debt to pro forma adjusted EBITDA ratio of 0.7x.
Forward Guidance
Newmont withdrew its full-year 2020 guidance as some production could be deferred into 2021, potentially impacting costs in 2020 if some operations are on care and maintenance for an extended period.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...