The company reported Q2 2024 net income of $857 million, adjusted net income of $0.72 per share and adjusted EBITDA of $2.0 billion. Its average realized gold price was $2,347 per ounce, $257 higher than in the prior quarter.

1. 01

   The company reported Q2 2024 net income of $857 million, adjusted net income of $0.72 per share and adjusted EBITDA of $2.0 billion. Its average realized gold price was $2,347 per ounce, $257 higher than in the prior quarter.

2. 02

   Newmont said it generated net cash from operating activities of $1.4 billion in Q2, after working capital changes of $(263) million, and capital expenditures of $800 million, resulting in free cash flow of $594 million. Free cash flow in the prior quarter was $(74) million.

3. 03

   The company said attributable gold production in Q2 decreased 4% from the prior quarter to 1,607 thousand ounces. Gold CAS rose to $1,152 per ounce and gold AISC rose to $1,562 per ounce, each up 9% from the prior quarter.

4. 04

   The company said it repurchased 5.7 million shares since its last earnings release at an average price of $43.34, for a total cost of $250 million, of which $104 million was repurchased in Q2 and $146 million in July 2024. It also reduced nominal debt by $227 million for a cash cost of $250 million.

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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