The company said Net Income for Q1 2024 was $179 million, Adjusted Net Income was $0.55 per share, and Adjusted EBITDA was $1.7 billion. It said it classified 6 non-core assets and 1 projects as held for sale, resulting in a non-cash impairment of $485 million.

1. 01

   The company said Net Income for Q1 2024 was $179 million, Adjusted Net Income was $0.55 per share, and Adjusted EBITDA was $1.7 billion. It said it classified 6 non-core assets and 1 projects as held for sale, resulting in a non-cash impairment of $485 million.

2. 02

   The company said operating cash flow was $776 million after a working capital change of $(666) million for Q1, and Free Cash Flow was $(74) million. The company explained that excluding the stamp duty payment tied to the Newcrest transaction, Free Cash Flow was $217 million.

3. 03

   Newmont reported attributable gold production of 1,675 thousand ounces for Q1, gold CAS of $1,057 per ounce and gold AISC of $1,439 per ounce. The average realized gold price was $2,090 per ounce.

4. 04

   The company said Lundin Gold agreed to buy out 100% of the balance of the stream credit facility and offtake agreement for Fruta del Norte for total consideration of $330 million. Payment is in cash: $180 million as of the expected closing date of June 28, and the remaining $150 million by September 30.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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