Newmont Mining ( (NEM) ) has released its Q1 earnings. Here is a breakdown of the information Newmont Mining presented to its investors.
Newmont Corporation is a leading gold and copper producer with operations spanning across multiple continents, recognized for its expansive Tier 1 Portfolio. In its first quarter of 2025, Newmont reported significant financial achievements, including a record free cash flow of $1.2 billion and net income of $1.9 billion. The company successfully completed its non-core divestiture program, generating $4.3 billion in gross proceeds, and declared a dividend of $0.25 per share. Key financial metrics for the quarter included an adjusted net income of $1.25 per diluted share and adjusted EBITDA of $2.6 billion. Newmont produced 1.5 million attributable gold ounces and 35 thousand tonnes of copper, maintaining a strong balance sheet with $4.7 billion in cash and $8.8 billion in total liquidity. Looking forward, Newmont remains on track to meet its 2025 guidance, focusing on enhancing its gold and copper portfolio to benefit shareholders.