Newmont(US:NEM) ZACKSยท2025-10-24 18:55Core Insights - Newmont Corporation (NEM) reported a significant increase in third-quarter earnings, with earnings per share rising to $1.67 from 80 cents year-over-year, and adjusted earnings reaching $1.71, surpassing the Zacks Consensus Estimate of $1.29 [1][9] Financial Performance - Revenues for the third quarter were $5,524 million, reflecting a 20% increase from $4,605 million in the prior-year quarter, exceeding the Zacks Consensus Estimate of $4,973.8 million, driven by higher realized gold prices and reduced costs [2][9] - Cash and cash equivalents at the end of the quarter stood at $5,639 million, an 87% increase year-over-year, while long-term debt decreased by 31.4% to $5,180 million [5][9] Operational Highlights - Attributable gold production for the third quarter was 1.42 million ounces, down 4% from the previous quarter and 15% year-over-year, falling short of the estimate of 1.51 million ounces [3] - Average realized gold prices increased by approximately 40.5% year-over-year to $3,539 per ounce, exceeding the estimate of $3,357 per ounce [3] Cost Metrics - Costs applicable to sales (CAS) for gold were reported at $1,185 per ounce, a decrease of 1.8% year-over-year, although higher than the estimate of $1,035 per ounce [4] - All-in-sustaining costs (AISC) for gold decreased by around 2.8% year-over-year to $1,566 per ounce, which was lower than the estimate of $1,626 per ounce [4] Future Outlook - Newmont expects to maintain its gold production guidance for 2025 at approximately 5.9 million ounces, with total CAS projected at $1,200 per ounce and AISC at $1,630 per ounce, unchanged from previous guidance [6] - General and Administrative expenses guidance for 2025 has improved by $85 million due to cost savings, with additional improvements projected in reclamation and remediation accretion and exploration expenses [7] Stock Performance - Newmont's shares have increased by 87.3% over the past year, outperforming the industry average increase of 79.3% [8]