Newmont Corporation Showcases Robust First Quarter 2025 Performance Amid Rising Gold Prices
$NEM
Newmont Corporation (NYSE:NEM) has recently announced its first-quarter results for 2025, revealing a significant profit of $1.89 billion. The Denver-based entity reported a net income of $1.68 per share, with adjusted earnings reaching $1.25 per share after accounting for non-recurring gains.
These results have not only exceeded Wall Street expectations but have also set a new precedent in the industry. Analysts had predicted earnings of 84 cents per share, a figure significantly surpassed by Newmont’s performance. The company’s revenue stood at $5.01 billion for the quarter, further cementing its status as a leader in the mining industry.
Tom Palmer, Newmont’s President and CEO, expressed satisfaction with the company’s trajectory, stating, “Following a robust fourth quarter performance, Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion.” He emphasized the strategic divestitures completed by the company, which generated substantial proceeds and streamlined Newmont’s operations.
The divestiture program, announced in 2024, involved the sale of non-core assets such as Musselwhite, Éléonore and Cripple Creek & Victor (CC&V), among others. These sales were finalized in early 2025, bringing in over $2.5 billion in after-tax cash proceeds. This strategic move is part of Newmont’s broader effort to focus on its Tier 1 assets, which are expected to drive long-term value for shareholders. I
In addition to its financial results, Newmont declared a dividend of $0.25 per share for the first quarter of 2025, payable on June 20 to shareholders of record as of May 27. The company’s strategic initiatives and operational excellence are expected to sustain its industry-leading position and generate further shareholder value. The company continues to navigate the complexities of the mining sector, its focus on sustainable and profitable operations is likely to keep it at the forefront of the industry.
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