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.