After market close yesterday, Thursday, the world’s largest gold producer Newmont (WKN 853823) reported exceptionally strong results for the second quarter of 2025. Driven by high gold prices, free cash flow reached a record $1.7 billion, despite a decline in production compared to the prior-year period.
The US company reported an adjusted net profit of $1.6 billion, or $1.43 per diluted share, for the June quarter. This marks a significant increase compared to $834 million, or $0.72 per share, in the second quarter of 2024. Analysts had, on average, anticipated only $1.18 per share.
Newmont stated that these results are also attributable to the average realized gold price in the past quarter, which stood at $3,320 per ounce, representing a 40% increase compared to the prior-year period.
The company reported production of 1.5 million ounces of gold for the second quarter, representing a 7% year-over-year decrease. In 2025, Newmont has already produced 3 million ounces of the yellow metal. The company stated it is on track to meet its full-year targets.
Newmont Keeps Costs in Check
Newmont also reported that it successfully controlled costs even with rising gold prices. The US company reported a decrease in its so-called “All-in Sustaining Costs” (AISC) to $1,593 per ounce for the April to June period. This is 4% lower than in the first quarter of 2025. This also included spending $81 million less on sustaining capital expenditures.
Given the increasing financial resources, the company intends to continue rewarding its shareholders. This includes an already approved share repurchase program worth $3.0 billion, following previous repurchases of its own shares for $1 billion. Newmont also maintains the dividend of 0.25 cents per share.
