Newmont Earnings Call Transcripts
Fiscal Year 2026
-
The meeting established a quorum and proceeded with director elections, executive compensation, and auditor ratification, all of which passed by majority vote. No shareholder questions were submitted during the session.
-
Strong Q1 2026 results featured record free cash flow, robust production, and margin expansion, with cost discipline offsetting energy price pressures. A new $6B share repurchase was authorized, and full-year guidance is maintained despite operational headwinds.
Fiscal Year 2025
-
Achieved record 2025 earnings and free cash flow, met production and cost guidance, and returned $3.4B to shareholders. 2026 guidance targets 5.3M oz gold at $1,680/oz AISC, with strong project pipeline and enhanced capital allocation prioritizing sustainable dividends and buybacks.
-
Record Q3 results featured $3.3B adjusted EBITDA, $1.6B free cash flow, and a near-zero net debt position. Asset divestments and cost discipline drove improved 2025 guidance, while commercial production at Ahafo North and a streamlined structure position the company for long-term value.
-
Q2 2025 saw record free cash flow and strong gold/copper production, with robust capital returns and a solid balance sheet. Guidance for 2025 remains unchanged, though H2 will see higher capital spend and lower grades at key mines. A major safety incident at Red Chris is under active management.
-
The meeting established a quorum and addressed three proposals: director elections, executive compensation, and auditor ratification, all of which passed by majority vote. No shareholder questions were submitted, and detailed voting results will be filed with the SEC.
-
Record first-quarter free cash flow and strong operational results were driven by robust gold production, successful divestments, and elevated gold prices. The company remains on track with 2025 commitments, continues disciplined capital allocation, and expects higher capital spending in Q2.
Fiscal Year 2024
-
2024 saw record free cash flow, successful asset integration, and a streamlined Tier 1 portfolio. 2025 guidance targets 5.6 million ounces of gold at $1,620/oz AISC, with capital allocation focused on sustaining and development projects, shareholder returns, and cost improvements.
-
Strong Q3 results with $1.6B in operating cash flow, $760M in free cash flow, and $2B in adjusted EBITDA. Achieved $500M synergy run rate, advanced $1.5B in divestments, and reaffirmed 2024 guidance, with 2025 production expected at 5.6M ounces and costs remaining elevated.
-
Solid Q2 results with $4.4B revenue and $2B adjusted EBITDA, maintaining 2024 guidance. Asset sales and synergies drive $540M in shareholder returns and $250M debt reduction, with higher production and free cash flow expected in H2.