Loading...
•
Jun 30
Newmont Q2 2025 Earnings Report
Newmont posted strong financial and operational performance in Q2 2025, with record free cash flow and robust gold prices.
Key Takeaways
Newmont delivered a solid Q2 2025, driven by high gold prices, strong cash flow, and significant share repurchases. Net income surged to $2.1B with $1.7B free cash flow, supported by divestitures and disciplined cost management.
Reported net income of $2.1 billion and adjusted net income of $1.6 billion
Generated record free cash flow of $1.7 billion, supported by strong gold prices
Produced 1.478 million ounces of gold at an average realized price of $3,320/oz
Authorized an additional $3.0 billion share repurchase program and declared $0.25/share dividend
Newmont
Newmont
Forward Guidance
Newmont reaffirmed its 2025 guidance, expecting 5.9 Moz of gold production with balanced H2 output and increased capital spend in H2.
Positive Outlook
- On track to achieve 2025 guidance with stable operations
- Expected higher production from Yanacocha and Nevada Gold Mines in H2 2025
- Strong balance sheet with $10.2B total liquidity and low net debt
- Continued portfolio optimization after divesting non-core assets
- Planned ramp-up of Ahafo North project in Q4 2025
Challenges Ahead
- Sustaining capital expected to increase significantly in H2 2025
- Higher AISC in Q3 due to increased sustaining capital spend
- Free cash flow to be impacted by higher capital spending and tax payments in Q3
- Production expected to decline at Cadia and Peñasquito in H2 2025
- Ongoing high reclamation spend, including Yanacocha water treatment construction