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

Tue 03 Jun 25, 02:46 AM | Team Kalkine

Image source: Shutterstock

Highlights

NEM’s Q1FY25 revenue increased by 25% YoY to USD 5,010 million.

The attributable gold production fell by 19% YoY, mainly due to lower output from non-core operations.

NEM expects total attributable gold production for FY25 to be 5.9 million ounces.

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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