Newmont Reports Third Quarter 2025 Results and Improves 2025 Cost & Capital Guidance

About this update from Newmont Corporation

[{"type":"text","content":"DENVER / Oct 23, 2025 / Business Wire / Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced third quarter 2025 results and declared a dividend of $0.251 per share. \"Newmont delivered a robust third quarter performance, producing approximately 1.4 million attributable gold ounces and generating a third-quarter record of $1.6 billion in free cash flow, marking the fourth consecutive quarter with over $1 billion in free cash flow,\" said Tom Palmer, Newmont's Chief Executive Officer. \"We are making significant progress on the cost savings initiatives announced at the beginning of the year, enabling us to meaningfully improve our 2025 guidance for several cost metrics, while maintaining our outlook for production and unit costs in a rising gold price environment. As I prepare to retire at year-end, I am confident that Newmont is well positioned to continue delivering strong performance under Natascha Viljoen's leadership, as she assumes the role of Chief Executive Officer at the beginning of 2026.\" Q3 2025 Results Reported Net Income of $1.8 billion, Adjusted Net Income (ANI)2 of $1.9 billion or $1.71 per diluted share, and Adjusted EBITDA2 of $3.3 billion Produced 1.4 million gold ounces, as well as 35 thousand tonnes of copper, primarily from Newmont's core managed operations Improved Newmont's 2025 cost and capital guidance through continued progress on cost savings initiatives and a shift in the timing of capital spend; remain on track to meet Newmont's 2025 production and unit cost guidance3 Received net cash proceeds of nearly $640 million from asset and equity sales, including the sale of shares in Orla Mining and Discovery Silver, the receipt of the Akyem contingent payment, and the sale of the Coffee project4 In 2025, received more than $3.5 billion in net cash proceeds from announced transactions, including approximately $2.6 billion from divested assets and nearly $900 million from the sale of equity shares5 Generated $2.3 billion of cash from operating activities, net of unfavorable working capital impacts of $286 million, primarily driven by the timing of cash collections; reported third-quarter record Free Cash Flow2 of $1.6 billion Returned $823 million of capital to shareholders through share repurchases and dividend payments since the last earnings call6; declared a divid...

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