Newmont Earnings Call Transcripts
Fiscal Year 2026
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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.
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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
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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.
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Q3 saw record free cash flow, strong operational performance, and successful asset divestments, with guidance reaffirmed for 2025 and a disciplined capital allocation strategy. Leadership transition is underway, and the company remains well positioned for long-term value creation.
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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.
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The meeting confirmed a quorum and addressed three proposals: all director nominees were elected, executive compensation was approved, and Ernst & Young was ratified as auditor. No questions were raised by shareholders, and all voting outcomes passed by majority.
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Record Q1 free cash flow and strong gold production were achieved, supported by high gold prices and successful divestments. Capital returns and project execution remain on track, with increased capital spending expected in Q2 and a continued focus on safety and operational stability.
Fiscal Year 2024
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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.
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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.
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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.