Newmont Corporation announced first quarter 2025 results! “Following on from a robust fourth quarter performance, Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion, demonstrating the strength of our unrivaled Tier 1 Portfolio,” said Tom Palmer, Newmont’s President and Chief Executive Officer.
“We also successfully completed our non-core divestiture program, generating up to $4.3 billion in total gross proceeds including over $2.5 billion of after-tax cash proceeds in the first half of 2025. With these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance, continuing on our journey towards creating the world’s leading gold and copper portfolio for the benefit of our shareholders.”
Talking about the, Q1 2025 Results Newmont Reported Net Income of $1.9 billion, Adjusted Net Income. Completed divestiture program announced in 2024, and finalized the sales of Musselwhite, Éléonore and Cripple Creek & Victor (CC&V) in February, and Porcupine and Akyem in April 4.
Received over $2.5 billion in cash proceeds net of tax impacts from the divestiture sales closed in 2025, with total gross proceeds expected to total up to $4.3 billion from non-core asset and other investment sales. Generated $2.0 billion of cash from operating activities, net of working capital changes of $(141) million; reported a record first quarter Free Cash Flow2 of $1.2 billion
Produced 1.5 million attributable gold ounces, primarily driven by production of 1.3 million gold ounces from Newmont’s Tier 1 Portfolio. Maintained a strong and flexible investment-grade balance sheet, ending the quarter with $4.7 billion in cash and $8.8 billion in total.
Reduced debt by $1.0 billion since the start of the year 6, which includes early redemption of $928 million of 2026 Notes redeemed and $75 million in market purchases6; reported Net debt to Adjusted EBITDA2of 0.3x.
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