NEWMONT Corp /DE/ SEC 10-Q Report

Newmont Corporation, a leading gold and copper mining company, has released its Form 10-Q report for the third quarter, showcasing robust financial and operational performance. The report highlights significant improvements in revenue, net income, and operational efficiency, driven by higher commodity prices and strategic divestitures.

Financial Highlights

Newmont Corporation reported impressive financial results for the third quarter:

• Sales: $5,317 million, reflecting a significant increase from $4,402 million in the same period last year, driven by higher gold and copper prices.
• Costs and expenses: $2,249 million, a decrease from $3,363 million in the previous year, primarily due to a gain on the sale of assets held for sale.
• Income (loss) before income and mining tax and other items: $3,118 million, up from $1,036 million, indicating improved operational efficiency and cost management.
• Net income (loss) attributable to Newmont stockholders: $2,061 million, a substantial increase from $853 million, reflecting strong performance and successful divestitures.
• Net income (loss) attributable to Newmont stockholders per common share - Basic: $1.86, compared to $0.74 in the prior year, highlighting enhanced profitability.
• Net income (loss) attributable to Newmont stockholders per common share - Diluted: $1.85, up from $0.74, indicating improved earnings per share performance.

Business Highlights

Newmont Corporation's operational performance was equally strong, with key highlights including:

• Revenue Segments: The company's revenue is segmented by mining operations, with significant contributions from Ahafo, Brucejack, Red Chris, Peñasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, and NGM. Each segment contributes to the overall sales through gold, copper, silver, lead, and zinc production.
• Geographical Performance: Newmont operates across various regions, with notable performance in Australia (Boddington, Tanami, Cadia), North America (NGM), South America (Yanacocha, Merian, Cerro Negro), and Africa (Ahafo). Each region has shown varying levels of production and sales, contributing to the company's global footprint.
• Sales Units: The company reported significant production volumes, with gold sales from doré production and concentrate and other production contributing to the total sales. Specific figures include 152 thousand ounces of gold, 73 million pounds of copper, 3 million ounces of silver, 30 million pounds of lead, and 84 million pounds of zinc subject to final pricing.
• New Production Launches: Newmont has ongoing projects such as the Tanami Expansion 2 project, Cadia PC1-2 and PC2-3, and Cadia Tailings Project, which are expected to enhance production capacity and operational efficiency.
• Future Outlook: The company is focused on optimizing its portfolio through divestitures and strategic investments in key projects. Newmont anticipates continued growth in production volumes and aims to enhance its operational efficiency across its global operations.

SEC Filing: NEWMONT Corp /DE/ [ NEM ] - 10-Q - Jul. 24, 2025