NEWMONT Corp /DE/ has recently released its 10-Q report, offering a detailed look into the company's financial condition and operations. Newmont Corporation, founded in 1916 and headquartered in Denver, Colorado, is primarily engaged in the production and exploration of gold properties, with additional focus on copper, silver, zinc, lead, and other metals. The company operates in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
In ITEM 2, "Management’s Discussion and Analysis of Financial Condition and Results of Operations," Newmont reported a significant increase in net income from continuing operations attributable to Newmont stockholders for the three and six months ended June 30, 2025, compared to the same periods in 2024. This increase was primarily due to higher average realized gold prices, a net gain on completed divestments, and a net increase in the change in fair value of investments and options.
The company's consolidated sales for the three and six months ended June 30, 2025, showed an increase compared to the same periods in 2024, with significant contributions from gold, copper, silver, lead, and zinc. The average realized prices per ounce/pound also saw increases, contributing to the overall growth in sales.
Additionally, the report highlighted the divestiture of non-core assets, including the completion of the sale of various assets in different quarters of 2024 and 2025. These divestitures resulted in gains and losses recognized in the company's financial statements.
Furthermore, the report discussed the impacts on costs applicable to sales, depreciation, and amortization, attributing the changes to various factors such as divestitures, higher contracted services costs, inventory changes, worker's participation costs, and royalties at different mining sites.
Today the company's shares have moved 0.15% to a price of $61.51. Check out the company's full 10-Q submission here.
