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Newmont Mining (NEM)
NYSE:NEM
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.87Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -5.74%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Newmont. While the company successfully completed its divestment program, achieved record free cash flow, and maintained strong capital returns, it also faces challenges with high all-in sustaining costs and operational hurdles at new acquisitions. These issues, combined with reduced earnings guidance, balance the positive achievements, leading to a neutral sentiment.Company Guidance
During Newmont's Fourth Quarter and Full Year 2024 Results Conference Call, CEO Tom Palmer provided detailed guidance, highlighting significant operational and financial metrics. The company exceeded its production guidance by delivering 6.8 million ounces of gold and over 150,000 tons of copper, generating $2.9 billion in free cash flow, including a record $1.6 billion in the fourth quarter. Newmont achieved $4.3 billion in pretax proceeds from its divestment program, expecting $2.5 billion in cash proceeds in early 2025, and removed approximately $1.8 billion in closure liabilities. The company returned $2.3 billion to shareholders through dividends and share repurchases, maintaining a strong balance sheet with more than $3.6 billion in cash and $7.7 million in liquidity. For 2025, Newmont projects gold production of around 5.6 million ounces at an all-in sustaining cost of $1,620 per ounce, with sustaining capital expected to be $1.8 billion and development capital at $1.3 billion. The strategic focus remains on safety, cost, and productivity improvements, alongside advancing key projects like Ahafo North and the Tanami expansion.Record Free Cash Flow in Q4 2024
Newmont generated a record free cash flow of $1.6 billion in the fourth quarter of 2024, driven by strong gold prices, higher sales volumes, and positive working capital movements.
Successful Divestment Program
Newmont successfully sold or reached definitive agreements to sell all six of its non-core operations, potentially delivering up to $4.3 billion in pretax proceeds, with around $2.5 billion expected in cash proceeds in the first half of 2025.
Strong Capital Returns and Financial Position
In 2024, Newmont returned $2.3 billion to shareholders through dividends and share repurchases. The company maintained a strong balance sheet, ending the year with more than $3.6 billion in cash and $7.7 billion in liquidity.
Exceeding Production Guidance
Newmont exceeded its production guidance by delivering 6.8 million ounces of gold and over 150,000 tons of copper in 2024, with 85% produced from its core portfolio.
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NEM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $48.09 | $45.33 | -5.74% |
| Oct 23, 2024 | $57.74 | $49.25 | -14.70% |
| Jul 24, 2024 | $47.47 | $45.48 | -4.19% |
| Apr 25, 2024 | $38.18 | $42.94 | +12.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Newmont Mining (NEM) report earnings?
Newmont Mining (NEM) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Newmont Mining (NEM) earnings time?
Newmont Mining (NEM) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEM EPS forecast?
NEM EPS forecast for the fiscal quarter 2025 (Q1) is 0.87.
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