Newmont Corporation (NEM) reduced net debt to $1.4 billion in Q2 from $3.2 billion in the prior quarter, supported by strong free cash flow of $1.7 billion, up 42% sequentially. NEM shares have surged 85.4% year-to-date, outperforming the gold mining industry. Kinross Gold Corporation (KGC) also improved leverage profile, decreasing net debt to around $100 million in Q2 from $540 million in the prior quarter, with free cash flow increasing 87% year-over-year. Agnico Eagle Mines Limited (AEM) reduced long-term debt by $550 million sequentially to $595 million in Q2, ending with a net cash position of $963 million. NEM stock is currently trading at a forward 12-month earnings multiple of 13.12, with a Value Score of B and a Zacks Rank #3 (Hold).

Read more at Zacks Investment Research: NEM’s Debt Paydown Powers Balance Sheet Strength – Can It Continue? – August 21, 2025