The Motley Fool Australia
2h ago
Newmont quarterly net income jumps to US$2,202 million as realised gold price hits US$4,414 per ounce
Newmont reported June-quarter sales of US$6,118 million and net income attributable to shareholders of US$2,202 million, or US$2.06 per diluted share, sharply higher year on year. The company said the result was supported by a higher average realised gold price of US$4,414 per ounce, which helped offset lower quarterly gold production of 1.2 million ounces and higher all-in sustaining costs of US$1,938 per ounce. Free cash flow for the half year was US$5,349 million, and Newmont ended the quarter with US$9,009 million in cash. It also declared a quarterly dividend of US26c per share and continued stock repurchases.