Newmont's Q2 Earnings Outpace Estimates on Higher Gold Prices

Core Insights - Newmont Corporation (NEM) reported significant growth in earnings and revenue for Q2 2025, with adjusted earnings per share (EPS) of $1.43, a 99% increase year-over-year, surpassing the Zacks Consensus Estimate of $1.04 [1][8] - The company's revenue reached $5.32 billion, reflecting a 20.8% increase from $4.4 billion in the prior-year quarter, driven primarily by higher realized gold prices [2][8] Financial Performance - Attributable gold production for Q2 was 1.48 million ounces, an 8.1% decrease from the previous year, but exceeded estimates of 1.42 million ounces [3] - Average realized gold prices increased by approximately 41.4% year-over-year to $3,320 per ounce, surpassing the estimate of $2,953 per ounce [3] - Costs applicable to sales (CAS) for gold were $1,215 per ounce, a 5.5% increase year-over-year, which was lower than the estimated $1,228 per ounce [4] - All-in-sustaining costs (AISC) rose around 2% year-over-year to $1,593 per ounce, missing the estimate of $1,657 per ounce [4] - The company ended the quarter with cash and cash equivalents of $6.185 billion, a 137.7% increase year-over-year, while long-term debt decreased by 17.9% to $7.132 billion [5] Future Outlook - Newmont anticipates maintaining gold production at approximately 5.9 million ounces for 2025, with projected CAS at $1,200 per ounce and AISC at $1,630 per ounce [6] Market Performance - Newmont's shares have increased by 31.7% over the past year, compared to a 43.9% rise in the industry [7]