Newmont Corporation has published its results for the second quarter and the first half of 2025 and announced solid financial performance owing to elevated gold prices.
In the reporting quarter, the company’s sales were up 21% to $5,3 billion compared to $4,4 billion in Q2 2024. In H1 2025, they rose 23% to $10,3 billion, from $8,4 billion a year earlier.
Adjusted net income for the reporting quarter rose to $1.6 billion, from $1.4 billion in the previous quarter. EBITDA increased 21% to $3.8 billion compared to the prior quarter.
In Q2, Newmont produced 1.48 million ounces of gold, compared to 1.61 million ounces in Q2 2024. Over the first half of the current year, its gold output was down 8% to 3 million ounces, compared to 3.3 million ounces in H1 2024.
"Newmont delivered a strong second quarter,[…]underscoring the strength of our world-class portfolio and the disciplined execution of the commitments we shared at the beginning of the year," said Newmont's CEO Tom Palmer.
"We remain firmly on track to achieve our 2025 guidance as we continue to strengthen our safety culture, stabilize our operations and deliver long term value to shareholders."
Newmont remains on track to meet its previously published 2025 guidance. It expects to produce 5.9 million ounces of gold at all-in sustaining costs (AISC) of $1630 per ounce.
Theodor Lisovoy, Managing Editor, Rough&Polished
