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Dec 31, 2020
Newmont Q4 2020 Earnings Report
Newmont delivered record full-year and fourth quarter results
Key Takeaways
Newmont Corporation announced record full year and fourth quarter 2020 results, generating $3.6 billion of free cash flow and ending the year with over $5.5 billion of consolidated cash.
Produced 5.9 million attributable ounces of gold and over 1 million attributable gold equivalent ounces of co-products.
Generated record $4.9 billion of cash from continuing operations and $3.6 billion of Free Cash Flow.
Ended the year with $5.5 billion of consolidated cash and $8.5 billion of liquidity with a net debt to adjusted EBITDA ratio of 0.2x.
Declared fourth quarter dividend of $0.55 per share, an increase of 38 percent over the prior quarter.
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 the Ahafo North project
- Advancing the Yanacocha Sulfides project
- Stronger financial flexibility
Challenges Ahead
- Operations continue without major Covid-related interruptions.
- Metal prices assumptions
- Oil prices assumptions
- Exchange rates assumptions
- Other assumptions
Historical Earnings Impact
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Avg. Return Before/After Earnings
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