- Newmont Corporation (NEM, Financial) reported a net income of $1.9 billion for Q1 2025, with an adjusted net income of $1.25 per diluted share.
- First quarter free cash flow reached a record $1.2 billion, supported by strong gold production and successful divestiture programs.
- The company declared a dividend of $0.25 per share, maintaining its commitment to shareholder returns.
Newmont Corporation (NEM) announced robust financial results for the first quarter of 2025, reflecting strong operational performance and strategic asset sales. The company reported a net income of $1.9 billion and an adjusted net income of $1.25 per diluted share. This represents a significant year-over-year increase driven by a gain on asset sales and improved investment returns.
During the quarter, Newmont produced 1.5 million attributable gold ounces and 35 thousand tonnes of copper, contributing to a record high free cash flow of $1.2 billion. The company's focused divestiture program generated over $2.5 billion in cash proceeds, with total expected gross proceeds reaching up to $4.3 billion from non-core asset sales.
Newmont has maintained a strong balance sheet, ending the quarter with $4.7 billion in cash and $8.8 billion in total liquidity. The company also reduced its debt by $1.0 billion, improving its net debt to adjusted EBITDA ratio to 0.3x.
In line with its strategic focus, Newmont declared a quarterly dividend of $0.25 per share, reinforcing its ongoing commitment to delivering substantial returns to shareholders. Additionally, the company is on track to meet its 2025 guidance, focused on enhancing its gold and copper portfolio.
