Newmont quarterly net income jumps to US$2,202 million as realised gold price hits US$4,414 per ounce
AI Market Summary
Newmont's June-quarter results showed sharply higher earnings and strong free cash flow, primarily driven by a much higher realized gold price despite lower output and rising all-in sustaining costs. The cash build, continued buybacks, and maintained dividend reinforce balance-sheet strength and shareholder return capacity. Operational disruptions (Cadia stoppage) and cost inflation remain key watch items, but the report underscores supportive gold-price conditions.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-2.47%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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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.
