Newmont Q3 2024 Earnings Report
Key Takeaways
Newmont reported a net income of $924 million and free cash flow of $760 million in Q3 2024. The company is making progress on its non-core divestment program and has repurchased 9.4 million shares since the last earnings release. They also delivered $786 million in total returns to shareholders through share repurchases and dividend payments.
Generated $760 million in free cash flow.
Announced agreements to sell the Akyem mine and the Telfer mine and interest in the Havieron project.
Repurchased 9.4 million shares since the last earnings release, with $198 million repurchased during the third quarter.
Achieved $500 million annual synergy run-rate following the Newcrest acquisition, more than a year ahead of schedule.
Newmont
Newmont
Forward Guidance
Newmont expects to deliver attributable production of 1.8 million gold ounces at an All-In Sustaining Cost (AISC) of $1,475 per ounce in the fourth quarter.