Financial Data and Key Metrics Changes - In Q4 2025, Newmont generated $2.8 billion in free cash flow, contributing to a total of $7.3 billion for the full year, marking record earnings and free cash flow on both a quarterly and annual basis [9] - The company achieved a 4% increase in its quarterly common dividend, reflecting a commitment to enhancing shareholder returns [7] - General and administrative (G&A) costs were improved by $100 million, equating to a 21% improvement for 2026 [9] Business Line Data and Key Metrics Changes - Newmont produced 5.7 million ounces of gold, 28 million ounces of silver, and 135,000 tons of copper from its core portfolio in 2025 [8] - The successful completion of the non-core divestiture program generated $4.5 billion in proceeds, with $3.4 billion returned to shareholders through dividends and share repurchases [9] Market Data and Key Metrics Changes - The gold reserve base stands at 180 million ounces, with an additional 149 million ounces of gold resource, representing approximately 40 years of production life [12] - The reserve price assumption for 2025 was increased from $1,700 per ounce to $2,000 per ounce, remaining conservative compared to the three-year trailing average [12][13] Company Strategy and Development Direction - The company is focused on safety, efficiency, operational consistency, and enhancing shareholder returns through predictable capital returns [5][4] - Newmont is advancing a mine life extension program at Lihir and completing a feasibility study for the Red Chris block cave [11][21] - The capital allocation framework prioritizes sustaining capital and dividends, followed by development capital and share repurchases [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a volatile macroeconomic environment while focusing on operational delivery and financial resilience [5][39] - The company anticipates a production trough in 2026 due to planned mine sequencing, with a return to production growth expected in 2027 [25][31] Other Important Information - An investigation is underway following a fatal incident at the Tanami operation, emphasizing the company's commitment to safety [8] - The company is actively pursuing exploration opportunities, particularly at Brucejack and Ahafo South, with expectations of adding significant new gold reserves [17][18] Q&A Session Summary Question: CapEx and potential upside through Red Chris and Merian - Management confirmed that capital guidance remains on track, with updates on Red Chris expected in the second half of the year [44] Question: Discussions with Nevada Gold Mines joint venture partner - Management indicated ongoing discussions focused on improving performance at Nevada Gold Mines [46] Question: Long-term growth targets of 6 million ounces - Management stated that better guidance on achieving the long-term growth target will be provided towards the end of the year [50] Question: M&A opportunities in the current gold price environment - Management expressed satisfaction with the current asset portfolio and indicated that any potential changes would be made in a disciplined manner [52] Question: Capital allocation and buyback commitments - Management confirmed that excess cash would be returned to shareholders through buybacks, with a disciplined approach to capital allocation [56] Question: Cost guidance and inflation drivers - Management noted that costs attributable to sales have remained constant year on year, with significant cost savings initiatives contributing to a reduction in all-in sustaining costs [59][74] Question: Maximizing shareholder value at Nevada Gold Mines - Management highlighted the importance of understanding district potential and optimizing plans across the portfolio to maximize shareholder value [61]

Financial Data and Key Metrics Changes - In Q4 2025, the company achieved record earnings and free cash flow, generating $2.8 billion in free cash flow for the quarter and $7.3 billion for the full year [7] - The company returned $3.4 billion to shareholders through dividends and share repurchases [7] - The quarterly common dividend was increased by 4%, reflecting a commitment to enhance shareholder returns [5] Business Line Data and Key Metrics Changes - The company produced 5.7 million ounces of gold, 28 million ounces of silver, and 135,000 tons of copper from its core portfolio in 2025 [6] - General and administrative (G&A) costs were improved by $100 million, equating to a 21% improvement for 2026 [7] Market Data and Key Metrics Changes - The gold reserve base stands at 180 million ounces, with an additional 149 million ounces of gold resource, representing approximately 40 years of production life [10] - The reserve price assumption for 2025 was increased from $1,700 per ounce to $2,000 per ounce, remaining conservative compared to market averages [11] Company Strategy and Development Direction - The company is focused on safety, efficiency, operational consistency, and enhancing shareholder returns through a disciplined capital allocation framework [4][5] - The strategy includes advancing value-accretive growth options, such as mine life extension programs and feasibility studies for new projects [9][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a volatile macroeconomic environment while maintaining a disciplined approach to investment [36] - The company anticipates a production trough in 2026 due to planned mine sequencing, with a return to growth expected in 2027 [23] Other Important Information - An investigation is underway following a tragic incident at the Tanami operation, emphasizing the company's commitment to safety [6] - The company is actively pursuing exploration opportunities, particularly at Brucejack and Ahafo South, which are expected to yield significant new reserves [15][16] Q&A Session Summary Question: CapEx and potential upside through Red Chris and Merian - Management confirmed that they are on track to provide more details on the Red Chris project in the second half of the year and emphasized disciplined capital allocation [40][42] Question: Long-term growth targets of 6 million ounces - Management indicated that they will provide better guidance on the long-term growth profile towards the end of the year [48] Question: M&A views in the current gold price environment - Management stated they are satisfied with their current portfolio and will evaluate any value-accretive opportunities in a disciplined manner [50] Question: Capital allocation and buyback commitments - Management confirmed that excess cash would be returned to shareholders through buybacks, with a disciplined approach to maintaining a resilient balance sheet [53][54] Question: Tanami expansion costs and timeline - Management assured that they are on track to meet the projected costs for the Tanami expansion project [77] Question: Debottlenecking and brownfield expansion opportunities - Management acknowledged the importance of evaluating short-term opportunities with low capital investment and highlighted several potential projects for expansion [88][90]

2025 Results & 2026 Guidance FOURTH QUARTER & FULL YEAR 2025 RESULTS NEWMONT CORPORATION 1 Cautionary Statement Regarding Forward Looking Statements, Including Guidance Assumptions, and Notes This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward ...

Core Insights - Newmont reported quarterly earnings of $2.52 per share, exceeding the consensus estimate of $2 by 25.94% [2] - Quarterly revenue reached $6.82 billion, surpassing the analyst consensus estimate of $6.16 billion and increasing from $5.65 billion in the same period last year [2] - The company achieved record free cash flow of $7.3 billion and generated $3.6 billion from portfolio optimization [3] Financial Performance - Newmont returned $3.4 billion to shareholders and reduced debt by $3.4 billion, ending the year with a strong net cash position [3] - The stock price of Newmont rose 0.85% to $126.47 in extended trading [3] Production and Guidance - The CEO highlighted that 2025 was a milestone year for Newmont, as the company delivered on its full-year guidance and made significant progress on its commitments [2]

Core Insights - Newmont reported quarterly earnings of $2.52 per share, exceeding the consensus estimate of $2 by 25.94% [2] - Quarterly revenue reached $6.82 billion, surpassing the analyst consensus estimate of $6.16 billion and increasing from $5.65 billion in the same period last year [2] - The company achieved a record $7.3 billion in free cash flow and generated $3.6 billion from portfolio optimization [3] Financial Performance - Newmont returned $3.4 billion to shareholders and reduced debt by $3.4 billion [3] - The company closed the year with a strong net cash position [3] Production and Guidance - Newmont's CEO highlighted that 2025 was a milestone year, as the company delivered on its full-year guidance and strengthened its financial position [2]

Group 1 - The gold-mining company reported a profit of $1.30 billion [1] - The price of gold increased by 60% compared to the previous year [1]

Company Updates - Rio Tinto (ASX: RIO) has committed to a "stronger, sharper, simpler" strategy focusing on iron ore, copper, and industrial metals after abandoning talks with Glencore [5] - Telstra (ASX: TLS) reported a 9.4% increase in net profits to $1.1 billion but cautioned that overinvestment in AI could be "risky" [5] - APA Group (ASX: APA) CEO Adam Watson defended the company's $480 million East Coast pipeline commitments, stating that government actions are crucial for the project's success [5] - QBE (ASX: QBE) has reported a 20% increase in profits [6] Market Trends - The ASX is experiencing a decline of -0.33% as global equities soften, influenced by rising tensions between the U.S. and Iran [1] - ASX futures are closely following Wall Street trends, with the S&P 500 and Nasdaq both down -0.3% [2] - Iron ore prices have decreased by -0.4%, now selling at $95.35 per tonne [7] - Brent Crude has increased by +1.5%, priced at $71.29 per barrel, while gold is up to $5,011 per ounce [7]

Financial Performance - Newmont Corporation reported sales of $22,669 million for 2025, a 21.5% increase from $18,682 million in 2024 and a 92.2% increase from $11,812 million in 2023[13] - The net income from continuing operations for 2025 was $7,167 million, significantly up from $3,313 million in 2024 and a loss of $2,494 million in 2023[13] - Adjusted net income for 2025 was $7,634 million, compared to $3,991 million in 2024 and $1,324 million in 2023, reflecting a strong performance[13] - Free cash flow for 2025 was reported at $7,299 million, a significant increase from $2,916 million in 2024 and $88 million in 2023[13] - Net income attributable to Newmont stockholders was $7,085 million or $6.39 per diluted share, an increase of $3,805 million from the prior year[25] - Adjusted net income reported was $7,634 million or $6.89 per diluted share, an increase of $3.41 per diluted share from the prior year[25] - Adjusted EBITDA reached $13,480 million, reflecting a 55% increase from the prior year[25] - Net cash provided by operating activities was $10,334 million, a 64% increase from the prior year, with free cash flow of $7,299 million[25] Production and Costs - Consolidated gold production for 2025 was 5,530 thousand ounces, a decrease from 6,545 thousand ounces in 2024 but an increase from 5,401 thousand ounces in 2023[17] - The average realized price of gold per ounce in 2025 was $3,498, up from $2,408 in 2024 and $1,954 in 2023[17] - Consolidated costs applicable to sales for gold per ounce in 2025 were $1,199, an increase from $1,126 in 2024 and $1,050 in 2023[19] - Attributable gold production was approximately 6 million ounces, a decrease of 14% from the prior year due to divestments[25] Projects and Investments - The Tanami Expansion 2 project is expected to increase average annual gold production and improve efficiency, with total capital costs estimated between $1,700 million and $1,800 million[23] - The Cadia Panel Caves project aims to recover approximately 5 million ounces of gold and 1.1 million tonnes of copper, with capital costs estimated between $2,000 million and $2,400 million[24] Dividends and Shareholder Returns - Regular cash dividends declared per common share for 2025 were $1.01, consistent with $1.00 in 2024 but down from $1.45 in 2023[13] - A total dividend of $1.01 per share was declared for the year[25] Cash and Liquidity - The company ended the year with $7.6 billion in consolidated cash and $11.6 billion in total liquidity[25] - The company redeemed $3.4 billion of senior notes and settled $2.3 billion in share repurchases during the year[25] Tax and Valuation - The Company has recorded a valuation allowance for deferred tax assets in Peru and Argentina due to recent pretax losses and expectations of future pretax losses[655] - The realizable amount of deferred tax assets could be adjusted if future taxable income estimates increase or if cumulative losses are no longer present[655] - Additional risk factors affecting the realization of deferred tax assets are detailed in Note 2 to the Consolidated Financial Statements[656] Future Outlook - A long-term gold price assumption of $2,500 per ounce is significant for future cash flow assessments[634]

DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, ASX: NGT, PNGX: NEM) (Newmont or the Company) reported gold Mineral Reserves ("reserves") of 118.2 million attributable ounces at the end of 2025 compared to 134.1 million attributable ounces at the end of 2024, mainly driven by the divestment of assets in 2025. Newmont's portfolio includes significant reserves from other metals, including 12.5 million attributable tonnes of copper reserves and 442 million attributable ounces of silver re. ...

Newmont Reports Fourth Quarter and Full Year 2025 Results, Provides 2026 Guidance, and Announces Enhanced Capital Allocation Framework DENVER, February 19, 2026 – Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced its fourth quarter and full year 2025 results, declared a fourth quarter dividend of $0.26 and provided guidance for the full year of 2026. 1 "2025 was a milestone year for Newmont, as we delivered on our full-year guidance, strengthened our financial pos ...