Record Free Cash Flow
Newmont achieved an all-time record for quarterly free cash flow of $1.7 billion, with $2.4 billion of cash flow from operations after working capital, supporting robust financial results.
Strong Operational Performance
The company produced 1.5 million ounces of gold and 36,000 tonnes of copper, remaining in line with full-year guidance.
Successful Noncore Asset Divestment
Newmont completed its noncore asset divestment program, expecting $3 billion in after-tax cash proceeds, which will support capital returns to shareholders.
Increased Share Repurchase Program
The Board approved an additional $3 billion share repurchase program, doubling the total authorization to $6 billion, with $2.8 billion already executed.
Cost Management Success
Gold all-in sustaining costs were below guidance for the full year at $1,593 an ounce on a co-product basis, demonstrating effective cost management.