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Dec 31, 2019
Newmont Q4 2019 Earnings Report
Newmont's Q4 2019 earnings were announced, highlighted by GAAP net income of $537 million and adjusted net income of $410 million.
Key Takeaways
Newmont Corporation reported a strong fourth quarter in 2019, marked by a 45% increase in revenue to $2,967 million and GAAP net income of $537 million. The results reflect increased production from acquired Goldcorp assets and higher realized gold prices.
Delivered GAAP net income from continuing operations attributable to Newmont stockholders of $537 million or $0.66 per diluted share.
Generated $1.3 billion in adjusted EBITDA, an increase of 70 percent from the prior year quarter.
Reported consolidated cash flow from continuing operations of $1.2 billion and free cash flow of $778 million, an increase of 63 percent and 64 percent over the prior year quarter, respectively.
Produced 1.83 million ounces of gold, an increase of 27 percent over the prior year quarter
Forward Guidance
Newmont anticipates stable gold production for 2020, with an outlook of 6.4 million ounces and expects to realize $1.4 billion in cash proceeds in Q1 2020 through divestitures.
Positive Outlook
- Stable production outlook of 6.4 million ounces in 2020.
- Improving costs base through 2024.
- On track to realize $500 million per year of improvements in 2021.
- Expect to realize $1.4 billion in cash proceeds in Q1 2020 through divestitures.
- Plan to increase annual dividend by 79 percent to $1.00 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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