Newmont Corp Reports Skyrocketing Net Income

By Ahmed Jameison • Friday, October 24 10:33 • Permanent Link

NEWMONT Corp /DE/ has recently released its 10-Q report, providing an insight into the company's financial condition and results of operations. Newmont Corporation is a leading gold company with operations and assets in various countries, engaged in the exploration and acquisition of gold properties, along with other metals such as copper, silver, zinc, and lead. The company has recently undergone a portfolio optimization program to divest non-core assets, resulting in gains and losses from the sales.

In the 10-Q report, the company reported net income from continuing operations attributable to Newmont stockholders of $1,832 million for the three months ended September 30, 2025, compared to $873 million for the same period in 2024. For the nine months ended September 30, 2025, the net income was $5,784 million, compared to $1,877 million for the same period in 2024. The increase in net income is primarily attributed to higher average realized gold prices, partially offset by the impact of divestitures and income tax expenses.

The consolidated sales for the three months ended September 30, 2025, amounted to $5,524 million, compared to $4,605 million for the same period in 2024. For the nine months ended September 30, 2025, the consolidated sales were $15,851 million, compared to $13,030 million for the same period in 2024. The increase in sales is primarily driven by higher average realized gold prices, partially offset by the impact of divestitures.

The costs applicable to sales for the three months ended September 30, 2025, amounted to $1,951 million, compared to $2,310 million for the same period in 2024. For the nine months ended September 30, 2025, the costs applicable to sales were $6,058 million, compared to $6,572 million for the same period in 2024. The decrease in costs applicable to sales is primarily due to the impact from the divested sites.

Depreciation and amortization expenses for the three and nine months ended September 30, 2025, were generally in line with the same periods in 2024. The company reported gains and losses from the divestiture of non-core assets, with a gain of $99 million recognized for the three months ended September 30, 2025, and a gain of $1,074 million recognized for the nine months ended September 30, 2025.

Today the company's shares have moved 2.18% to a price of $88.91. For the full picture, make sure to review NEWMONT Corp /DE/'s 10-Q report.

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