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Dec 31, 2021
Newmont Q4 2021 Earnings Report
Delivered strong full-year and fourth quarter 2021 results
Key Takeaways
Newmont's Q4 2021 results showed a net loss of $(61) million, but an adjusted net income of $624 million. The company produced 1.62 million attributable ounces of gold and $2.6 billion in free cash flow for the full year.
Produced 6.0 million attributable ounces of gold and 1.3 million attributable gold equivalent ounces.
Generated $4.3 billion of cash from continuing operations and $2.6 billion of Free Cash Flow.
Advanced profitable near-term projects, including Tanami Expansion 2, Ahafo North and Yanacocha Sulfides.
Declared fourth quarter dividend of $0.55 per share.
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 Tanami Expansion 2
- Advancing Ahafo North
- Advancing Yanacocha Sulfides
Challenges Ahead
- Higher costs from inflation
- Higher royalties
- Higher production taxes
- Potential Covid-related interruptions
- Cost escalation related to labor, energy, and material and supplies
Historical Earnings Impact
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Avg. Return Before/After Earnings
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