Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM), the world's largest gold miner, reported stronger third-quarter results on Thursday evening as higher bullion prices lifted profit and free cash flow. Net income doubled from a year earlier to $1.8 billion, while adjusted profit rose to $1.9 billion, or $1.71 per share, beating estimates.
Newmont Corporation (NYSE:NEM ) Q3 2025 Earnings Call October 23, 2025 5:30 PM EDT Company Participants Neil Backhouse - Group Head of Investor Relations Tom Palmer - CEO & Director Natascha Viljoen - President & COO Conference Call Participants Daniel Major - UBS Investment Bank, Research Division Matthew Murphy - BMO Capital Markets Equity Research Joshua Wolfson - RBC Capital Markets, Research Division Lawson Winder - BofA Securities, Research Division Anita Soni - CIBC Capital Markets, Research Division Tanya Jakusconek - Scotiabank Global Banking and Markets, Research Division Fahad Tariq - Jefferies LLC, Research Division Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division Hugo Nicolaci - Goldman Sachs Group, Inc., Research Division Ralph Profiti - Stifel Nicolaus Canada Inc., Research Division Presentation Operator Hello, and welcome to Newmont's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
Although the revenue and EPS for Newmont (NEM) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Newmont posted $1.6 billion in free cash flow, its fourth straight quarter above $1 billion, as higher gold prices and stable operations lifted margins.
PTON, RELY, NEM and ZUMZ make the cut as top liquid stocks, with each boasting strong liquidity, growth attributes and operational efficiency.
Gold's record rally has fueled momentum for B and NEM as both mining giants expand projects and strengthen balance sheets.
Shares of a big U.S. automaker zipped higher Tuesday following better-than-expected earnings, while a top miner's stock fell with a slip in gold prices.
NEM is expected to have benefited from higher gold prices amid cost headwinds in the third quarter.
Newmont (NYSE:NEM) is scheduled to announce its earnings on Thursday, October 23, 2025. We anticipate the company will report quarterly revenues of approximately $5.2 billion, benefiting from increased gold and copper prices along with stable production levels at important sites.
NEM, RY, AS, VSTM and SOTK have been added to the Zacks Rank #1 (Strong Buy) List on Oct. 21, 2025.
Newmont stock has delivered a stellar 63% 1-year total return, benefiting from surging gold prices and strong operating leverage. NEM's earnings and gross profits have soared, with Wall Street analysts significantly revising estimates upward, but future comparisons may be tougher. NEM's valuation multiples remain below previous peaks, which could see its current momentum persist for longer.
Newmont's record free cash flow in Q2 lifted optimism, but rising capital spending may test that strength in the second half.