Earnings: Newmont (NEM) Beats Earnings, Shares Drop

Core Insights - Newmont reported $1.6 billion in free cash flow, marking its fourth consecutive quarter with free cash flow exceeding $1 billion, driven by higher gold prices and stable operations that enhanced margins [1] Financial Performance - The company achieved free cash flow of $1.6 billion, indicating strong financial health and operational efficiency [1] - This performance reflects a consistent trend, as it is the fourth straight quarter where free cash flow has surpassed $1 billion [1] Market Conditions - Higher gold prices have positively impacted the company's margins, contributing to the robust free cash flow [1] - Stable operations have also played a crucial role in maintaining profitability and operational efficiency [1]