Newmont Corporation announced third-quarter 2025 results that exceeded analyst forecasts, with adjusted net income of $1.9 billion, or $1.71 per diluted share. The results reflect strong gold prices and effective cost controls across operations. Revenue totaled $5.52 billion, surpassing estimates by 4.7 to 6.36 percent. The company also reported record free cash flow of $1.6 billion, the fourth consecutive quarter above $1 billion.
Production reached 1.4 million ounces of gold and 35,000 tonnes of copper from core assets. Adjusted EBITDA rose to $3.3 billion, a 20 percent increase from the prior quarter. Newmont ended the period with $5.6 billion in cash and equivalents, maintaining near-zero net debt.
Newmont’s balance sheet showed marked improvement, supported by $640 million in asset sale proceeds during the quarter and $3.5 billion for the year to date. The company raised its full-year 2025 guidance on costs and capital expenditures. Total liquidity stood at $9.6 billion.
Key figures for the quarter include:
| Metric | Q3 2025 Amount | Comparison Note |
|---|---|---|
| Revenue | $5.52 billion | Beat estimates by 4.7-6.36% |
| Adjusted Net Income | $1.9 billion | Record quarterly profit |
| Free Cash Flow | $1.6 billion | Fourth straight quarter over $1B |
| Adjusted EBITDA | $3.3 billion | Up 20% from Q2 2025 |
| Cash & Equivalents | $5.6 billion | Near-zero net debt |
| Dividend per Share | $0.25 | Declared for shareholders |
Newmont maintained steady output from its global portfolio, spanning the Americas, Australia, and Africa. Gold production aligned with expectations, bolstered by higher realized prices. Copper volumes added diversification amid volatile markets. Management emphasized focus on Tier 1 assets during the earnings call, with non-core divestitures freeing capital for high-return projects. Cost reductions contributed to lower all-in sustaining costs year over year.
Shares rose 2.15 percent to $89.48 following the release, part of a 147 percent year-to-date gain. Investors welcomed the guidance upgrade and cash flow strength, signaling resilience in a high-gold-price environment. Gold prices surged in 2025 due to geopolitical tensions, inflation concerns, and central bank purchases. Newmont capitalized on these trends while peers faced challenges like labor issues and regulations.
Newmont plans to prioritize debt reduction, dividends, and growth investments with its strong liquidity position. The company reaffirmed commitments to sustainability, including emissions reductions and community programs. Full-year guidance improvements reflect confidence in ongoing execution. Analysts view the results as a benchmark for the sector.
The earnings reveal Newmont’s edge in a competitive gold mining landscape. Diversified operations mitigate risks from regional disruptions. Demand for gold remains firm, driven by economic uncertainty. Newmont’s performance positions it for sustained growth as markets evolve.
