Newmont Corporation (NYSE: NEM) has delivered a commanding performance in its second quarter of 2025, underscoring its position as the world’s leading gold producer with a diversified portfolio including copper, zinc, lead, and silver. The company reported a record quarterly free cash flow of \(1.7 billion and net income attributable to shareholders of \)2.1 billion, reflecting a robust operational and financial execution that aligns with its 2025 guidance.
Key Highlights from Q2 2025: - Attributable gold production reached approximately 1.5 million ounces, a slight 4% decrease from the previous quarter, primarily due to divestiture of non-core assets but offset by increased output at key sites such as Yanacocha and Peñasquito. - Average realized gold price surged to \(3,320 per ounce, up \)376 from the prior quarter, significantly boosting revenue. - Costs applicable to sales (CAS) per ounce decreased by 1% to \(1,215, while all-in sustaining costs (AISC) per ounce fell 4% to \)1,593, reflecting operational efficiencies and lower sustaining capital expenditures. - Adjusted EBITDA rose 14% quarter-over-quarter to \(3.0 billion, with EBITDA increasing 21% to \)3.8 billion. - The company maintained a strong balance sheet with \(6.2 billion in cash and \)10.2 billion in total liquidity, reducing net debt to adjusted EBITDA ratio to a remarkably low 0.1x. - An additional \(3.0 billion share repurchase program was authorized, complementing \)1.0 billion returned to shareholders through dividends and buybacks since the last earnings call.
Operational and Strategic Insights: Newmont’s divestiture program has successfully completed sales of all non-core assets announced, generating over \(2.5 billion in net cash proceeds in 2025 alone. This strategic focus on core portfolio assets is expected to enhance long-term value creation. The company also continues to invest in sustainability, with \)280 million spent on reclamation activities in H1 2025, including critical water treatment infrastructure at Yanacocha.
Looking Ahead: Newmont projects total attributable gold production of 5.9 million ounces for 2025, with costs and capital expenditures aligned to maintain operational excellence and financial discipline. The company anticipates a balanced production profile across the year, with sustaining and development capital expenditures weighted towards the second half of 2025.
CEO Tom Palmer emphasized, “Newmont delivered a strong second quarter, producing approximately 1.5 million attributable gold ounces and generating an all-time record quarterly free cash flow of $1.7 billion, underscoring the strength of our world-class portfolio and disciplined execution.”
This Q2 2025 report reaffirms Newmont’s leadership in the mining sector, showcasing its ability to generate substantial cash flow, optimize costs, and strategically manage its asset portfolio amid evolving market conditions.
For detailed financial data and further insights, refer to the official Newmont Q2 2025 Earnings Release.
Tags: NEM, Newmont Corporation, Q2 2025, Gold Production, Mining Divestiture, Free Cash Flow