Newmont (NEM) Q2 2025 Earnings: Stock Surges 6%

Newmont Corporation (NEM) reported second quarter 2025 results that topped expectations and drove the stock up 6.11% to $65.38. The rally was fueled by strong free cash flow, higher gold prices, and a $3 billion expansion of its share buyback program.


🔹 Earnings Snapshot (Q2 2025)

  • Revenue: $5.32 billion
    vs. est. ~$4.8B
    YoY growth: +21%
  • Adjusted EPS: $1.43
    vs. est. ~$1.12–$1.14
    Beat: +25% range
  • Free Cash Flow: $1.7 billion
    QoQ growth: +42%
  • Gold Production: 1.48 million oz
    YoY: –8% due to asset divestitures
  • Avg. Realized Gold Price: $3,320/oz
    YoY: +40%
  • All-In Sustaining Costs (AISC): $1,593/oz
    YoY: +2%

💰 Capital Structure & Guidance

  • Cash Balance: $6.2 billion
  • Net Debt / EBITDA: 0.1x
  • Additional Share Buybacks: $3B (raising total to ~$6B)
  • H1 2025 Buybacks: $1.36B completed
  • Full-year production and capex guidance reaffirmed

⚠️ Other Key Disclosures

  • Red Chris mine operations temporarily paused after incident involving trapped workers. No change to production guidance.

📈 Market Reaction & Outlook

NEM shares surged 6% following the report, hitting their highest level in over three years. The stock is now up ~70% year-to-date and hit a new 52-Week High $66.57. Newmont is outperforming peers like Barrick and Agnico, driven by gold price tailwinds and aggressive capital returns.


Newmont’s strong cash flow and shareholder returns helped fuel a breakout quarter. The buyback commitment and gold price strength may keep the momentum going.