Newmont Corporation Reports 20.8% Revenue Growth in Q2 2025

Newmont Corporation reported significant financial growth in its second quarter of 2025, with total sales reaching $5.317 billion, a 20.8% increase from $4.402 billion in the same quarter of 2024. The company's net income from continuing operations attributable to Newmont stockholders was $2.061 billion, or $1.85 per diluted share, compared to $838 million, or $0.73 per diluted share, in the prior year. This increase in profitability was primarily driven by higher average realized gold prices and gains from divestments, which offset increased income tax expenses.

In the first half of 2025, Newmont's total sales amounted to $10.327 billion, up from $8.425 billion in the first half of 2024. The company produced 1.390 million attributable gold ounces in the second quarter, down from 1.534 million ounces in the same period last year, reflecting a strategic shift following the divestiture of several non-core assets, including the Akyem and Porcupine segments. The average realized price for gold rose to $3,320 per ounce, compared to $2,347 per ounce in the previous year, contributing to the overall revenue increase.

Strategically, Newmont has been optimizing its portfolio by divesting non-core assets, completing the sales of the Akyem and Porcupine segments for a total of $1.513 billion. The company also sold portions of its interests in Greatland Resources Limited and Discovery Silver Corp., generating additional cash inflows. As of June 30, 2025, Newmont's cash and cash equivalents stood at $6.185 billion, significantly up from $3.619 billion at the end of 2024, reflecting improved liquidity and financial strength.

Operationally, Newmont's total attributable production included 1.5 million ounces of gold and 392,000 gold equivalent ounces from other metals. The company reported a total of 4.107 million ounces of gold sold in the first half of 2025, with a notable increase in production from its key sites, including Ahafo and Peñasquito. The company’s total liquidity, including available borrowing capacity, reached $10.185 billion, providing a solid foundation for future growth and capital expenditures.

Looking ahead, Newmont remains focused on maintaining its financial flexibility while navigating ongoing macroeconomic challenges, including inflation and supply chain disruptions. The company plans to continue investing in its development projects, such as the Tanami Expansion 2 and Ahafo North, while also returning value to shareholders through dividends and share repurchase programs. The Board of Directors has authorized an additional $3 billion stock repurchase program, reflecting confidence in the company's long-term prospects.