Newmont Corporation (NEM) Q2 2025 Financial Results Summary

# Newmont Corporation (NEM) Q2 2025 Financial Results Summary

DENVER, July 24, 2025 – Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) announced its financial results for the second quarter of 2025, including a new share repurchase program of $3.0 billion and a dividend declaration of $0.25 per share.

## Q2 2025 Results Overview

– **Net Income**: Reported net income of **$2.1 billion** (increase of **8.9%** from Q1 2025).
– **Adjusted Net Income**: Adjusted net income (ANI) was **$1.6 billion**, equating to **$1.43 per diluted share** (up from **$1.25** in Q1 2025).
– **Adjusted EBITDA**: Increased by **14%** to **$3.0 billion**.
– **Free Cash Flow**: Reached a record of **$1.7 billion** (up **42%** from Q1 2025).
– **Revenue**: Total revenue was **$5.3 billion**, a **21%** increase from the prior quarter.

### Dividends and Share Repurchases
– Declared a **dividend of $0.25 per share**, payable on September 29, 2025, to stockholders of record as of September 4, 2025.
– Authorized an **additional $3.0 billion share repurchase program** to be executed at the Company’s discretion.

### Production Metrics
– **Gold Production**: Produced approximately **1.5 million attributable gold ounces** (decrease of **4%** from previous quarter).
– **Copper Production**: Achieved production of **36 thousand tonnes** of copper.

### Financial Highlights
– **Cash Generated from Operating Activities**: **$2.4 billion** after deducting **$156 million** in working capital contributions.
– **Total Liquidity**: Maintained total liquidity of **$10.2 billion**, comprising **$6.2 billion** in cash.
– **Debt Reduction**: Reduced debt by **$372 million**, with net debt to adjusted EBITDA at **0.1x**.

### Cost Metrics
– **Average Realized Gold Price**: Increased to **$3,320 per ounce**, which is an increase of **$376** compared to the previous quarter.
– **Costs Applicable to Sales (CAS)**:
– Gold CAS was **$1.7 billion** for the quarter.
– Gold CAS per ounce on a co-product basis decreased **1%** to **$1,215** compared to Q1 2025.
– **All-In Sustaining Costs (AISC)**: Decreased **4%** to **$1,593** per ounce on a co-product basis.

### Strategic Outlook
– Newmont remains on track to meet its previously announced 2025 guidance, anticipating an after-tax cash proceeds of over **$3 billion** from divestitures, inclusive of about **$2.5 billion** from asset sales.

### Sustainability Reporting
– Published its **21st Annual Sustainability Report** and the **4th Annual Taxes and Royalties Contribution Report**, focusing on its sustainability impact and economic contributions.

In summary, Newmont delivered strong quarterly results marked by record free cash flow, significant returns to shareholders through dividends and a substantial share repurchase program, alongside solid operational performance in gold and copper production.

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This summary consolidates the financial and operational highlights of Newmont Corporation’s Q2 2025 results and gives a comprehensive overview of its strategic direction and current financial health. For additional details and metrics, please refer to the full earnings report.

Here are the extracted tables from the press release:

### CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in millions except per share)