Newmont(US:NEM)2025-10-23 20:58Financial Performance - Newmont Corporation reported Q3 2025 sales of $5,524 million, a 20% increase from $4,605 million in Q3 2024[10] - Net income from continuing operations for Q3 2025 was $1,843 million, compared to $875 million in Q3 2024, reflecting a 110% increase[10] - Adjusted EBITDA for the nine months ended September 30, 2025, was $10,148 million, significantly higher than $4,692 million for the same period in 2024[10] - Free cash flow for Q3 2025 was $4,486 million, compared to $1,280 million in Q3 2024, indicating a substantial increase[10] - Reported net income of $1,832 million or $1.67 per diluted share, an increase of $959 million from the prior-year quarter[17] - Adjusted net income of $1,883 million or $1.71 per diluted share, an increase of $0.90 per diluted share from the prior-year quarter[17] - Adjusted EBITDA reported at $3,309 million, a 68% increase from the prior-year quarter[17] - Net cash provided by operating activities of $6,713 million for the nine months ended September 30, 2025, a 76% increase from the prior year[17] Production Metrics - Consolidated gold production for Q3 2025 was 1,317 thousand ounces, down from 1,574 thousand ounces in Q3 2024, a decrease of 16%[12] - Newmont's attributable gold ounces produced in Q3 2025 were 1,305 thousand ounces, down from 1,559 thousand ounces in Q3 2024, a decline of 16%[12] - Attributable production included 1.4 million ounces of gold and 359 thousand attributable gold equivalent ounces from co-products[17] Pricing and Costs - Average realized gold price per ounce increased to $3,539 in Q3 2025, up 41% from $2,518 in Q3 2024[12] - Consolidated costs applicable to sales for gold per ounce decreased to $1,185 in Q3 2025 from $1,207 in Q3 2024[14] Dividends and Cash Management - Cash dividends declared per common share remained steady at $0.25 for both Q3 2025 and Q3 2024[10] - Ended the quarter with $5.6 billion of consolidated cash and $9.6 billion of total liquidity[17] Investments and Assumptions - Sold investment in Orla Mining Ltd. for $428 million and announced the sale of the Coffee development project[17] - Gold price assumptions: $3,457 per ounce (short-term) and $2,100 per ounce (long-term)[334] Risk Factors - A hypothetical 10% adverse movement in local currency exchange rates would increase costs applicable to sales per ounce by approximately $75[338] - A hypothetical 10% adverse movement in forward electricity rates would decrease the fair value of the Cadia PPA cash flow hedge by approximately $40[347]