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Mar 31, 2022
Newmont Q1 2022 Earnings Report
Newmont delivered a solid first quarter performance with $1.4 billion in adjusted EBITDA and safely managed through the Omicron surge.
Key Takeaways
Newmont Corporation announced solid first quarter results, producing 1.34 million attributable ounces of gold. The company generated $689 million in cash from continuing operations and $252 million of Free Cash Flow. Revenue increased 5 percent to $3.0 billion due to higher average realized gold prices and higher copper sales volumes.
Produced 1.34 million attributable ounces of gold and 350 thousand attributable gold equivalent ounces from co-products
Reported gold CAS of $890 per ounce and AISC of $1,156 per ounce
Generated $689 million of cash from continuing operations and $252 million of Free Cash Flow
Ended the quarter with $4.3 billion of consolidated cash and $7.3 billion of liquidity with a net debt to adjusted EBITDA ratio of 0.3x
Forward Guidance
Newmont's outlook reflects increasing gold production and ongoing investment in its operating assets and most promising growth prospects.
Positive Outlook
- Increasing gold production
- Ongoing investment in operating assets
- Advancing Tanami Expansion 2
- Advancing Ahafo North
- Advancing Yanacocha Sulfides
Challenges Ahead
- Impacts of Covid-19
- Commodity price volatility
- Supply chain disruptions
- Cost pressures
- Uncertainties in the market due to Russia’s invasion of Ukraine
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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