Newmont Q1 2020 Earnings Report
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.
Newmont
Newmont
Newmont Revenue by Segment
Newmont Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income