Newmont Corporation: A Disappointing Quarter [Yahoo! Finance]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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US:NYSE Investor Relations:
newmont.com/investor-relations/default.aspx
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Source: Yahoo! Finance
In the third quarter of 2024, Newmont's main source of revenue was predominantly gold, which represented 85.7% of the total revenue, up from 82.3% in the second quarter of 2024. The remaining revenue came from the sale of by-products, including copper, silver, lead, and zinc. Warning! GuruFocus has detected 4 Warning Signs with NEM. Silver and copper are converted into gold equivalent ounces, while lead and zinc are sold directly and applied against cash costs, significantly reducing expenses. In 3Q24, GEO production represented 20.5% of the total production of gold equivalent. This explains the difference between the all-in-sustaining costs (AISC) for gold ($1,611 per ounce in 3Q24) and the AISC for gold equivalents ($1,426 per ounce in 3Q24). Metal production other than gold accounted for approximately 14.3% of the total revenue in 3Q24, which shows a substantial increase from last year following the acquisition of Newcrest on November 6, 2023. Below is the revenue breakdown
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News
- NEM vs. AGI: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
- Founders Metals Announces Positive Metallurgical Test Work [Yahoo! Finance]Yahoo! Finance
- Newmont to Divest Musselwhite Operation for Up to $850 Million [Yahoo! Finance]Yahoo! Finance
- Lion One Intensifies Roscoelite Focus and Enhances Fiji Gold Team with Addition of Two Ex-newmont Geologists [Yahoo! Finance]Yahoo! Finance
- Newmont Co. (NYSE: NEM) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
NEM
Earnings
- 10/23/24 - Beat
NEM
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form SC
- 11/6/24 - Form 4
- NEM's page on the SEC website