World's Largest Gold Miner Newmont Reports Q2 Results Above Estimates: Details - Newmont (NYSE:NEM)
UNITED STATES, JUL 24 – Newmont's Q2 earnings beat estimates with $1.43 per share and $5.31 billion revenue, driven by cost-cutting and a $376 increase in gold price per ounce.
Summary by Benzinga
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Newmont Reports Record Free Cash Flow, 142% Net Income Jump In Q2 2025
Newmont (TSX: NGT) Q2 2025 revenue jumped 20.8% YoY to $5.32 billion from last year’s $4.40 billion, powered by a spot-gold price that averaged US$3,320 per ounce. The miner sold 1.36 million gold ounces in the quarter, down from last year’s 1.53 million ounces. Cash costs applicable to sales slipped to $2.00 billion from 2024’s $2.16 billion, leaving operating income at $3.12 billion—triple the $1.04 billion recorded a year earlier. Net income …
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