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Jun 30, 2021

Newmont Q2 2021 Earnings Report

Newmont's Q2 2021 performance was solid, driven by its world-class portfolio of long-life and responsibly managed assets.

Key Takeaways

Newmont Corporation announced solid second quarter results, producing 1.4 million attributable ounces of gold and 303 thousand attributable gold equivalent ounces from co-products. The company generated $993 million in cash from continuing operations and $578 million of free cash flow. Newmont declared a second quarter dividend of $0.55 per share and completed $149 million of share repurchases.

Produced 1.4 million attributable ounces of gold and 303 thousand attributable gold equivalent ounces from co-products.

Reported gold CAS of $755 per ounce and AISC of $1,035 per ounce.

Generated $993 million of cash from continuing operations and $578 million of Free Cash Flow.

Declared second quarter dividend of $0.55 per share and completed $149 million of share repurchases.

Total Revenue
$3.07B
Previous year: $2.37B
+29.6%
EPS
$0.83
Previous year: $0.32
+159.4%
Gold Produced
1.45M
Previous year: 1.26M
+15.5%
Gold Sold
1.38M
Previous year: 1.2M
+15.4%
Avg Gold Price
$1.82K
Previous year: $1.72K
+5.7%
Gross Profit
$1.22B
Previous year: $779M
+57.0%
Cash and Equivalents
$4.6B
Previous year: $3.81B
+20.8%
Free Cash Flow
$578M
Previous year: $388M
+49.0%
Total Assets
$40.7B
Previous year: $39.9B
+2.0%

Newmont

Newmont

Newmont Revenue by Segment

Newmont Revenue by Geographic Location

Forward Guidance

Newmont's outlook reflects increasing gold production and ongoing investment in its operating assets and most promising growth prospects.

Revenue & Expenses

Visualization of income flow from segment revenue to net income