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AI English summary of an SEC filing — figures as filed

Newmont logoNewmont NEM

The company said Newmont Corporation stockholders' net income for Q3 2024 was $922 million ($0.80 per diluted share), adjusted net income was $936 million ($0.81 per diluted share), and Adjusted EBITDA was $2.0 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Newmont Corporation stockholders' net income for Q3 2024 was $922 million ($0.80 per diluted share), adjusted net income was $936 million ($0.81 per diluted share), and Adjusted EBITDA was $2.0 billion.

  2. Newmont said net cash from operating activities for Q3 2024, after a $(209) million working capital change, was $1.6 billion, and free cash flow for the period was $760 million.

  3. Newmont announced an agreement to sell the Akyem mine for up to $1 billion in cash, and an agreement to divest the Telfer mine and a 70% interest in the Havieron project for up to $475 million in gross proceeds.

  4. The company said it repurchased 9.4 million shares for a total of $500 million since its last earnings release. Its board approved an additional $2 billion share repurchase program, and the company declared a Q3 dividend of $0.25 per share.

Summary

AI-written

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.

Q3 Net Income, Adjusted Net Income and Adjusted EBITDA

The company said Newmont Corporation stockholders' net income for Q3 2024 was $922 million ($0.80 per diluted share), adjusted net income was $936 million ($0.81 per diluted share), and Adjusted EBITDA was $2.0 billion.

Source · Based on the filing body and exhibits

Q3 Operating Cash Flow and Free Cash Flow

Newmont said net cash from operating activities for Q3 2024, after a $(209) million working capital change, was $1.6 billion, and free cash flow for the period was $760 million.

Source · Based on the filing body and exhibits

Non-Core Asset Divestiture Agreements

Newmont announced an agreement to sell the Akyem mine for up to $1 billion in cash, and an agreement to divest the Telfer mine and a 70% interest in the Havieron project for up to $475 million in gross proceeds.

Source · Based on the filing body and exhibits

Shareholder Returns: Share Repurchases and Dividends

The company said it repurchased 9.4 million shares for a total of $500 million since its last earnings release. Its board approved an additional $2 billion share repurchase program, and the company declared a Q3 dividend of $0.25 per share.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.