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Newmont — Oct 23, 2025 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001164727-25-000044
Open on SEC.gov ↗
Showing in the filing
Capital spending for 2026
“capital spending in 2026 is anticipated to increase as key projects advance, including the tailings work at Cadia and the potential expansion project at Red Chris, keeping the two-year average largely in line with expectations”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 42
Remaining share repurchase authorization
“$2.7 billion”
Attributable Gold Production (Moz) - Total C… for FY2025
“5.6”
Attributable Gold Production (Moz) - Non-Cor… for FY2025
“0.3”
Total Newmont Attributable Gold Production (… for FY2025
“5.9”
Attributable Gold Production (Koz) - Total C… for Q4 FY2025
“1,415”
Gold Co-Product CAS ($/oz) - Total Core Port… for FY2025
“$1,180”
Gold Co-Product CAS ($/oz) - Non-Core Assets for FY2025
“$1,450”
Total Newmont Gold CAS ($/oz) for FY2025
“$1,200”
Gold Co-Product CAS ($/oz) - Total Core Port… for Q4 FY2025
“$1,260”
Total Newmont Gold CAS ($/oz) for Q4 FY2025
“$1,260”
Gold Co-Product AISC ($/oz) - Total Core Por… for FY2025
“$1,620”
Gold Co-Product AISC ($/oz) - Total Core Por… for Q4 FY2025
“$1,670”
Gold Co-Product AISC ($/oz) - Non-Core Assets for FY2025
“$1,830”
Total Newmont Gold AISC ($/oz) for FY2025
“$1,630”
Total Newmont Gold AISC ($/oz) for Q4 FY2025
“$1,670”
Sustaining Capital ($M) - Total Core Portfolio for FY2025
“$1,650”
Sustaining Capital ($M) - Total Core Portfolio for Q4 FY2025
“$450”
Sustaining Capital ($M) - Non-Core Assets for FY2025
“$75”
Total Newmont Sustaining Capital ($M) for FY2025
“$1,725”
Development Capital ($M) - Total Core Portfo… for FY2025
“$1,250”
Development Capital ($M) - Total Core Portfo… for Q4 FY2025
“$350”
Development Capital ($M) - Non-Core Assets for FY2025
“$30”
Total Newmont Development Capital ($M) for FY2025
“$1,280”
Exploration & Advanced Projects ($M) for FY2025
“$450”
Exploration & Advanced Projects ($M) for Q4 FY2025
“$150”
General & Administrative ($M) for FY2025
“$390”
General & Administrative ($M) for Q4 FY2025
“$100”
Interest Expense ($M) for FY2025
“$255”
Interest Expense ($M) for Q4 FY2025
“$55”
Depreciation & Amortization ($M) for FY2025
“$2,600”
Depreciation & Amortization ($M) for Q4 FY2025
“$750”
Reclamation and Remediation Accretion ($M) for FY2025
“$350”
Reclamation and Remediation Accretion ($M) for Q4 FY2025
“$110”
Adjusted Tax Rate for Q4 FY2025
“33%”
Consolidated adjusted effective tax rate rel… for FY2025
“33%”
Attributable gold production for 2026 for FY2026
“within the same guidance range provided for 2025, but toward the lower end, due to the planned mine sequence at its managed operations”
Capital spending for 2026 for FY2026
“capital spending in 2026 is anticipated to increase as key projects advance, including the tailings work at Cadia and the potential expansion project at Red Chris, keeping the two-year average largely in line with expectations”
Coffee Project sale gross proceeds
“up to $150 million”
Total proceeds from announced divestiture tr…
“up to $4.9 billion”
Reclamation spend for FY2025
“$800 million”
Yanacocha water treatment plant spend (part … for FY2025
“up to $600 million”
Yanacocha water treatment plant spend for FY2026
“anticipates spend on the Yanacocha water treatment plants to be similar in 2026 before beginning to decline in 2027 when the project is expected to be completed”
Exhibit 99.1 · the passage around this item
… earlier in the release
Building on the cost and productivity improvements achieved in 2025, the Company expects to realize the full benefits of its cost savings initiatives, which will be reflected in the 2026 guidance to be provided next year. However, these benefits could be offset by increased profit-sharing, royalties, and production taxes if gold prices remain elevated into 2026. Following the improvements to 2025 capital guidance, capital spending in 2026 is anticipated to increase as key projects advance, including the tailings work at Cadia and the potential expansion project at Red Chris, keeping the two-year average largely in line with expectations. NEWMONT THIRD QUARTER 2025 RESULTS | NEWS RELEASE         5      Divestiture Program Update In February 2024, Newmont announced the intention to divest its non-core assets, including six operations and two projects from its Australian, Ghanaian and North American business units. As of April 15, 2025, Newmont completed the sales for all non-core operations and its 70 percent interest in the Havieron project. On September 15, 2025, Newmont announced the agreement to sell the remaining Coffee project in Yukon, Canada to Fuerte Metals Corporation ("Fuerte"). The transaction closed on October 17. Under the terms of the agreement, Newmont expects to receive gross proceeds of up to $150 million, which includes: • Cash consideration of $10 million, received upon closing • Equity consideration of $40 million in the form of Fuerte shares, as valued in the transaction agreement • A 3.0% Net Smelter Return royalty on the Coffee Project, which Fuerte retains the option to repurchase for up to $100 million upon commercial production With the closure of the Coffee project sale, Newmont has completed the divestment of all assets previously classified as held-for-sale in its financial statements.
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.