Newmont Corporation (NYSE: NEM) saw its stock surge 5% in intraday trading Thursday after reporting better-than-expected second-quarter earnings, fueled by robust gold prices and solid operational performance. The world’s leading gold miner delivered impressive financial results, exceeding analyst estimates and reinforcing investor confidence in its growth trajectory.
The company reported adjusted earnings per share (EPS) of $1.43, significantly higher than the $1.14 consensus forecast. Revenue also outperformed, coming in at $5.32 billion compared to the projected $4.84 billion. This strong financial performance was supported by a notable increase in gold prices, with Newmont realizing an average price of $3,320 per ounce—up from $2,944 in the first quarter.
Operationally, Newmont produced approximately 1.5 million attributable ounces of gold and generated a record $1.7 billion in free cash flow. The company also strengthened its balance sheet, ending the quarter with $6.2 billion in cash and $10.2 billion in total liquidity. Additionally, Newmont reduced its debt by $372 million, demonstrating disciplined financial management.
Despite market volatility, Newmont reaffirmed its full-year 2025 production guidance, signaling stability in its long-term strategy. The strong quarterly results highlight the company’s ability to capitalize on favorable gold market conditions while maintaining cost efficiency and operational excellence.
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