Record-Breaking Financial Performance
Third quarter 2025 set company records for operating cash flow, free cash flow, and adjusted net earnings. Free cash flow increased by 274% quarter-over-quarter, and attributable EBITDA increased by 20%.
Increased Shareholder Returns
Base dividend increased by 25% and combined dividends and buybacks resulted in a record quarterly cash return to shareholders. Additionally, a $500 million increase to the share repurchase program was authorized.
Gold Production and Cost Improvements
Gold production increased by 4% over Q2, and cost metrics per ounce decreased, leading to improved EBITDA. The production growth was driven by higher grades and throughput at several sites.
Significant Gold Discovery at Fourmile
Fourmile is described as one of the most significant gold discoveries of the century. The exploration budget for Fourmile was increased by over $10 million for 2025.