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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
Newmont
Newmont
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