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NEM

Newmont Corporation

NEM

Newmont Corporation • NYSE
$90.73 ▲ 0.23% (+0.21)
Market Cap $99.01 B
52w High $98.58
52w Low $36.86
Dividend Yield 1.00%
P/E 14.11
Volume 4.72M
Outstanding Shares 1.09B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.38B ▲ $139M ▼ $1.832B ▼ 34.052% ▼ $1.67 ▼ $3.448B ▼
Q2-2025 $5.275B ▲ $169M ▲ $2.061B ▲ 39.071% ▲ $1.86 ▲ $3.886B ▲
Q1-2025 $4.871B ▼ $165M ▼ $1.891B ▲ 38.822% ▲ $1.679 ▲ $3.236B ▲
Q4-2024 $5.724B ▲ $219M ▲ $1.403B ▲ 24.511% ▲ $1.238 ▲ $2.804B ▲
Q3-2024 $4.6B $168M $922M 20.043% $0.804 $1.908B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.968B ▼ $54.69B ▼ $21.279B ▼ $33.226B ▲
Q2-2025 $6.653B ▲ $55.165B ▼ $22.878B ▼ $32.112B ▲
Q1-2025 $4.716B ▲ $55.519B ▼ $24.088B ▼ $31.248B ▲
Q4-2024 $3.64B ▲ $56.349B ▲ $26.24B ▼ $29.928B ▲
Q3-2024 $3.059B $56.175B $26.279B $29.712B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.832B ▼ $2.298B ▼ $2M ▼ $-2.833B ▼ $-547M ▼ $1.571B ▼
Q2-2025 $2.075B ▲ $2.384B ▲ $679M ▼ $-1.745B ▼ $1.488B ▲ $1.71B ▲
Q1-2025 $1.902B ▲ $2.031B ▼ $738M ▲ $-1.662B ▼ $1.08B ▲ $1.205B ▼
Q4-2024 $1.421B ▲ $2.511B ▲ $-701M ▼ $-1.207B ▼ $600M ▲ $1.636B ▲
Q3-2024 $924M $1.648B $-562M $-789M $414M $771M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Gold Dore
Gold Dore
 $3.12Bn ▲$3.68Bn ▲$3.29Bn ▼$3.45Bn ▲
Sales From Concentrate And Other Production
Sales From Concentrate And Other Production
 $1.48Bn ▲$1.98Bn ▲$2.02Bn ▲$2.07Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last five years, with a very strong step‑up most recently, helped by portfolio expansion on top of existing operations. Profitability, however, has been uneven. The company moved from solid profits, through a period of weak and even negative earnings, and then back to healthy profitability in the latest year. That pattern reflects a mix of gold price swings, cost inflation, and integration or restructuring effects. Overall, Newmont now looks profitable again with much better margins than in the prior two years, but the history shows that earnings can be quite volatile in this industry.

Balance Sheet

Balance Sheet The balance sheet has grown significantly as the company has added assets and projects, and shareholders’ equity has risen alongside that expansion. Debt has increased but still appears manageable relative to the size of the business, suggesting a leveraged but not overstretched capital structure. Cash on hand is solid, though somewhat lower than earlier pandemic-era peaks, indicating less of a cash cushion but still reasonable liquidity. In simple terms, Newmont is larger, carries more debt than before, but also has a stronger asset and equity base to support it.

Cash Flow

Cash Flow Cash generation from the underlying business remains a core strength. Operating cash flow has stayed positive through the cycle, dipping during tougher periods and then recovering strongly more recently. Free cash flow was squeezed at times, mainly because Newmont has been spending heavily on new projects and expansions, but it has generally remained positive over the five-year span. This points to a company that is funding growth while still leaving room for returns to stakeholders, albeit with some year‑to‑year swings depending on metal prices and project timing.

Competitive Edge

Competitive Edge Newmont occupies a leading position in global gold mining, with size, diversification, and a broad mix of metals on its side. Its mines are spread across several continents, which helps reduce dependence on any single country or region. The portfolio includes not only gold but also copper and other metals tied to long‑term demand trends such as electrification and the energy transition. A focus on long‑life, lower‑cost assets and a history of disciplined portfolio pruning support its competitive edge. Strong ESG credentials and a recognized sustainability profile further strengthen its social license to operate, which is crucial in mining.

Innovation and R&D

Innovation and R&D The company stands out in mining for its proactive use of technology and data. It is rolling out autonomous trucks, advanced sensing, and artificial intelligence to improve safety, reduce costs, and raise recovery rates. Newmont has also developed proprietary processing methods that help unlock value from more complex ore bodies, giving it access to resources that others may find uneconomic. Its push toward “digital mines,” including private high‑speed networks, real‑time analytics, and digital twins, suggests a structured, long‑term innovation roadmap rather than isolated pilot projects. Overall, R&D and technology adoption appear embedded in the operating model, not an afterthought.

Summary

Newmont today looks like a much larger and more technologically advanced gold and base‑metals producer than it was a few years ago. Financial results show that it can generate strong revenue and cash flow, but also that earnings are sensitive to metal prices, costs, and integration activities, leading to periods of weak or negative profits. The balance sheet has scaled up with acquisitions, bringing higher assets and equity along with somewhat higher debt, but still within a seemingly reasonable range for a company of this size. Operationally, Newmont benefits from global diversification, a mix of metals, and a strong ESG profile, all reinforced by an active innovation agenda in automation, digitalization, and proprietary processing. The key ongoing questions are how consistently it can translate this scale and technology leadership into stable margins and free cash flow across commodity cycles, and how effectively it continues to integrate and optimize its enlarged portfolio of mines and growth projects.

NEWS

November 10, 2025 · 7:30 AM UTC

Enduro Metals Expands Andrei Target with Acquisition of Adjacent Claims at Newmont Lake Project, Golden Triangle BC

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October 24, 2025 · 4:05 PM UTC

Newmont Announces Commercial Production at Ahafo North in Ghana

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October 23, 2025 · 4:05 PM UTC

Newmont Reports Third Quarter 2025 Results and Improves 2025 Cost & Capital Guidance

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October 23, 2025 · 6:46 AM UTC

Tradr Debuts Leveraged ETFs on BLSH, DASH, FLY, IREN, NEM, OPEN, QS, SRPT & WULF

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October 6, 2025 · 7:30 AM UTC

Enduro Metals Geophysics Defines 4 km Andrei Target at Newmont Lake

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