Newmont Corporation announced its fourth quarter and full year 2024 results on February 20, 2025, highlighting a transformational year. For the full year 2024, attributable gold production increased by 23% to 6.85 million ounces, while the average realized gold price rose 23% to $2,408 per ounce.
The company reported a significant surge in profitability, with net income attributable to Newmont stockholders soaring 234% to $3,348 million, and adjusted net income increasing 201% to $3,991 million, or $3.48 per diluted share. Free cash flow saw a remarkable increase of 3214% to $2,916 million, demonstrating robust financial health.
Newmont also provided its full year 2025 guidance, projecting total attributable gold production of 5.9 million ounces, with an All-In Sustaining Cost (AISC) of $1,630 per ounce. The company confirmed the completion of its non-core divestiture program, expecting approximately $2.5 billion in net cash in 2025, and announced the retirement of $1.4 billion in debt and $1.2 billion in share repurchases, reinforcing its commitment to shareholder returns and a strong balance sheet.
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