Record Cash Flow and Financial Performance
Generated record third-quarter cash flow of $1.6 billion, reaching an all-time annual record of $4.5 billion with one quarter still remaining. Newmont generated $3.3 billion in adjusted EBITDA and adjusted net income of $1.71 per share for the third quarter, a 20% increase from the second quarter and more than double last year's results.
Successful Asset Divestment and Balance Sheet Strength
Received nearly $640 million in net cash proceeds from equity and asset sales since the start of the third quarter. Ended the quarter in a near-zero debt position after retiring $2 billion of debt. Moody’s upgraded Newmont’s issuer credit rating to A3 with a stable outlook.
Operational Achievements and New Mine Production
Declared commercial production at the new Ahafo North mine, which expands the footprint in Ghana and adds profitable gold production over an initial 13 years of mine life. Significant progress on cost discipline and productivity has improved 2025 guidance for several cost metrics.
Shareholder Returns and Cost Management
Returned $823 million to shareholders through stable dividend and share repurchases since the last earnings call. Reduced 2025 cost guidance for G&A, Exploration, and Advanced Projects by approximately 15%.