Newmont Corporation (NEM) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.813 which can be found on our website. 00:00:05.556 -- 00:00:09.780 We have begun the year with a strong operational performance, 00:00:09.780 -- 00:00:14.204 which in turn has driven a robust financial performance. 00:00:14.204 -- 00:00:19.770 These results enabled us to generate record first quarter free cash flow 00:00:19.770 -- 00:00:24.472 and have kept us on track to deliver on our full year commitments. 00:00:24.874 -- 00:00:30.361 And last week, we also reached an important milestone for Newmont, with the completion 00:00:30.361 -- 00:00:36.009 of our divestment program, positioning us to continue to strengthen our balance sheet, 00:00:36.009 -- 00:00:38.552 return capital to shareholders, 00:00:38.552 -- 00:00:43.556 and apply our full attention to our go-forward portfolio. 00:00:44.520 -- 00:00:49.767 With the first quarter and our divestment program now under our belt, UMON's 00:00:49.767 -- 00:00:54.694 priorities for 2025 remain clear and unchanged. 00:00:54.694 -- 00:00:58.452 First, to strengthen our safety culture. 00:00:58.452 -- 00:01:03.037 Second, to stabilise our 11 managed operations. 00:01:03.037 -- 00:01:07.600 And third, to execute on capital returns. 00:01:08.364 -- 00:01:11.127 Starting with our safety culture, 00:01:11.127 -- 00:01:16.333 for every person who works at Newmont, safety is more than a priority. 00:01:16.333 -- 00:01:21.419 It is a core value, one that is fundamental to who we are and how 00:01:21.419 -- 00:01:23.579 we operate. 00:01:23.742 -- 00:01:29.224 In the first quarter, we saw a notable decrease in the frequency of significant 00:01:29.224 -- 00:01:34.670 potential events that we are experiencing across our business, a key 00:01:34.670 -- 00:01:38.515 lagging indicator for safety perfor...