World's Largest Gold Miner Newmont Reports Q4 Earnings: Details
Newmont Corp. (NYSE:NEM) shares were mostly flat in Thursday's extended trading after the company released its fourth-quarter earnings report, beating estimates on the top and bottom lines.
Here's a look at the details from the report.
- NEM stock is moving.
The Details: Newmont reported quarterly earnings of $2.52 per share, which beat the consensus estimate of $2 by 25.94%.
Quarterly revenue clocked in at $6.82 billion, which beat the analyst consensus estimate of $6.16 billion and was up from $5.65 billion in the same period last year.
The world’s largest gold miner reported the following fourth-quarter production figures:
- Attributable gold production increased 2% to 1,453,000 ounces compared to the prior quarter, driven by the addition of new, low-cost ounces at Ahafo North, higher grade at Tanami and Merian, and higher production from the non-managed joint venture at Nevada Gold Mines.
- Consolidated gold sales were 1,378,000 ounces for the quarter.
- Copper production decreased 17% to 29,000 tonnes compared to the prior quarter, driven by lower grade at Cadia and Boddington.
- Silver production remained steady at seven million ounces compared to the prior quarter.
- Lead production decreased 12% to 23,000 tonnes compared to the prior quarter, driven by lower grade at Peñasquito.
- Zinc production decreased 22% to 46,000 tonnes compared to the prior quarter, driven by lower grade at Peñasquito.
- Average realized gold price was $4,216 per ounce, an increase of $677 per ounce over the prior quarter. Average realized gold price includes $4,173 per ounce of gross price received, a favorable impact of $48 per ounce mark-to-market on provisionally-priced sales and reductions of $5 per ounce for treatment and refining charges.
“2025 was a milestone year for Newmont, as we delivered on our full-year guidance, strengthened our financial position and made meaningful progress on our commitments,” CEO Natascha Viljoen said.
“As a result of our disciplined operational execution, we delivered a record $7.3 billion in free cash flow, generated $3.6 billion from portfolio optimization, returned $3.4 billion to shareholders, reduced debt by $3.4 billion and closed the year in a strong net cash position,” Viljoen added.
NEM Stock Price: According to data from Newmont stock rose 0.85% to $126.47 in Thursday's extended trading.
Photo: Shutterstock
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