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Newmont (ASX:NEM) Eyes 5.9M Oz Gold Output in FY25 Despite Q1 Output Dip

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Highlights

Newmont Corporation (ASX:NEM) is an ASX-listed gold company with focus on copper, zinc, lead, and silver production as well. The company operates across key mining regions including Africa, Australia, Latin America, the Caribbean, North America, and Papua New Guinea.

In the first quarter of financial year 2025 (1QFY25), the company’s sales revenue increased 25% YoY to USD 5,010 million. Adjusted EBITDA for the period surged 55% YoY to USD 2,629 million, while operating cash flow rose 162% to USD 2,031 million. Quarterly performance was primarily driven by higher gold and copper prices, improved operational efficiency, strategic asset sales at lower cost, and a favourable investment revaluations.

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