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Newmont — Apr 23, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001164727-25-000018
Open on SEC.gov ↗
Showing in the filing
Total Gross Proceeds from Divestiture Program
“up to $4.3 billion”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 42
Quarterly Dividend Declared for Q1 FY2025
“$0.25”
Total Gross Proceeds from Divestiture Program
“up to $4.3 billion”
Reaffirmation for FY2025
“remains on track to meet its previously published 2025 guidance”
Attributable Gold Production (Moz) - Managed… for FY2025
“4.2”
Attributable Gold Production (Moz) - Non-Man… for FY2025
“1.4”
Attributable Gold Production (Moz) - Total T… for FY2025
“5.6”
Attributable Gold Production (Moz) - Non-Cor… for FY2025
“0.3”
Total Newmont Attributable Gold Production (… for FY2025
“5.9”
Gold CAS ($/oz) d - Managed Tier 1 Portfolio for FY2025
“$1,170”
Gold CAS ($/oz) d - Non-Managed Tier 1 Portf… for FY2025
“$1,240”
Gold CAS ($/oz) d - Total Tier 1 Portfolio for FY2025
“$1,180”
Gold CAS ($/oz) d - Non-Core Assets for FY2025
“$1,450”
Total Newmont Gold CAS ($/oz) d for FY2025
“$1,200”
Gold AISC ($/oz) d - Managed Tier 1 Portfolio for FY2025
“$1,630”
Gold AISC ($/oz) d - Non-Managed Tier 1 Port… for FY2025
“$1,555”
Gold AISC ($/oz) d - Total Tier 1 Portfolio for FY2025
“$1,620”
Gold AISC ($/oz) d - Non-Core Assets c for FY2025
“$1,830”
Total Newmont Gold AISC ($/oz) d for FY2025
“$1,630”
Sustaining Capital ($M) - Managed Tier 1 Por… for FY2025
“$1,530”
Sustaining Capital ($M) - Non-Managed Tier 1… for FY2025
“$270”
Sustaining Capital ($M) - Total Tier 1 Portf… for FY2025
“$1,800”
Sustaining Capital ($M) - Non-Core Assets c for FY2025
“$75”
Total Newmont Sustaining Capital ($M) for FY2025
“$1,875”
Development Capital ($M) - Managed Tier 1 Po… for FY2025
“$1,140”
Development Capital ($M) - Non-Managed Tier … for FY2025
“$160”
Development Capital ($M) - Total Tier 1 Port… for FY2025
“$1,300”
Development Capital ($M) - Non-Core Assets c for FY2025
“$30”
Total Newmont Development Capital ($M) for FY2025
“$1,330”
Exploration & Advanced Projects ($M) for FY2025
“$525”
General & Administrative ($M) for FY2025
“$475”
Interest Expense ($M) for FY2025
“$300”
Depreciation & Amortization ($M) f for FY2025
“$2,600”
Reclamation and Remediation Accretion ($M) g for FY2025
“$475”
Adjusted Tax Rate h,i for FY2025
“34%”
Attributable Production Seasonality (Total T… for FY2025
“48%”
Sustaining Capital for FY2025
“52%”
Development Capital for FY2025
“57%”
Development Capital Seasonality (Total Tier … for FY2025
“57%”
Tier 1 Portfolio Production Share for Q2 FY2025
“24 percent”
Reclamation spend for FY2025
“$800 million”
Yanacocha Water Treatment Plant Reclamation … for FY2025
“$600 million”
Share Repurchase Program Authorization
“$2.0 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
With these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance, continuing on our journey towards creating the world’s leading gold and copper portfolio for the benefit of our shareholders." Q1 2025 Results ▪ Reported Net Income of $1.9 billion, Adjusted Net Income (ANI) 2 of $1.25 per diluted share and Adjusted EBITDA 2 of $2.6 billion ▪ On track to meet Newmont's 2025 guidance 3 , with first quarter results in line with indications provided in February 2025 ▪ Completed divestiture program announced in 2024, and finalized the sales of Musselwhite, Éléonore and Cripple Creek & Victor (CC&V) in February, and Porcupine and Akyem in April 4 ▪ Received over $2.5 billion in cash proceeds net of tax impacts from the divestiture sales closed in 2025, with total gross proceeds expected to total up to $4.3 billion from non-core asset and other investment sales ▪ Generated $2.0 billion of cash from operating activities, net of working capital changes of $(141) million; reported a record first quarter Free Cash Flow 2 of $1.2 billion ▪ Delivered $1.0 billion in total returns to shareholders through share repurchases and dividend payments since the start of the year; declared a dividend of $0.25 per share of common stock for the first quarter of 2025 ▪ Produced 1.5 million attributable gold ounces, primarily driven by production of 1.3 million gold ounces from Newmont's Tier 1 Portfolio 3 , as well as 35 thousand tonnes of copper ▪ Maintained a strong and flexible investment-grade balance sheet, ending the quarter with $4.7 billion in cash and $8.8 billion in total liquidity 5 ▪ Reduced debt by $1.0 billion since the start of the year 6 , which includes early redemption of $928 million of 2026 Notes redeemed on February 7, 2025 and $75 million in market purchases 6 ; reported Net debt to Adjusted EBITDA 2 of 0.3x 1 Newmont's Board of Directors declared a dividend of $0.25 per share of common stock for the first quarter of 2025, payable on June 20, 2025 to holders of record at the close of busi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.