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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Delaware ...

Key TakeawaysThe S&P 500 slipped 0.5% on Thursday, April 25, 2024, as data showed a slowdown in economic growth and an uptick in inflation in the first quarter.Shares of Meta Platforms tumbled as the social media giant forecast higher AI-related expenses.Newmont shares moved higher after the miner beat quarterly estimates, boosted by strong production and high gold prices. Major U.S. equities indexes tumbled as data showed a slowdown in economic growth and an uptick in inflation in the first quarter. The co ...

Financial Data and Key Metrics Changes - In Q1 2024, Newmont produced 1.7 million ounces of gold at an all-in sustaining cost of $1,439 per ounce, with expectations for unit costs to improve throughout the year due to higher production in the second half and delivery of synergies [8] - The Tier 1 portfolio produced 1.4 million ounces of gold at $1,378 per ounce, along with over 480,000 gold equivalent ounces from copper, silver, lead, and zinc, including 35,000 tons of copper produced and sold [8] - Cash flow from operating activities in Q1 was $776 million, which included a $666 million reduction from working capital [8] Business Line Data and Key Metrics Changes - The company is focused on strengthening its position as a sustainability leader in the gold industry, publishing its 20th annual sustainability report and third annual taxes and royalties contribution report [7] - The operational performance in the first quarter was described as strong, with a commitment to delivering consistent results throughout the year [7] Market Data and Key Metrics Changes - The company has seen easing in contractor costs, particularly in diesel and explosives, while experiencing increases in steel wall costs and cyanide costs [10] - Energy costs have shown some reductions in certain areas compared to 2023 [10] Company Strategy and Development Direction - Newmont is actively pursuing a divestment strategy, with six assets currently in the process of being sold, engaging banks for price discovery and assessing interest from potential buyers [30] - The company is implementing a full potential program at various sites, including Lihir, focusing on productivity and cost improvements [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational performance and the ability to meet 2024 guidance, emphasizing a focus on safety and the impact of recent tragic incidents on the company culture [6][7] - The integration of Newcrest is progressing well, with management reflecting on lessons learned from past integrations to enhance operational standards [51] Other Important Information - The company is constructing two large water treatment plants at Yanacocha to treat water in perpetuity, designed to handle significant volumes of acidic water [33] - The total closure liability for Yanacocha is approximately $4.8 billion, which includes costs for the water treatment plants and other closure activities [42] Q&A Session Summary Question: On operations and inflationary costs - Management noted easing in contractor costs, particularly in diesel and explosives, while labor costs remained flat [10][11] Question: On asset dispositions and buyback policy - The company has a $1 billion buyback program approved, with flexibility to execute once cash flow improves and debt reduction is on track [15][14] Question: On the full potential program at Lihir - Management highlighted three main productivity and cost opportunities at Lihir, focusing on consistent feed management, improving plant availability, and enhancing mine efficiency [22][24] Question: On Yanacocha water treatment plants - The new plants are designed for both capacity and technology improvements, with significant ongoing operational costs included in closure liabilities [33][39] Question: On integration challenges post-Newcrest acquisition - The most challenging aspects included addressing safety standards and integrating tailings facilities to meet Newmont's operational standards [51]

Newmont Corporation (NEM) reported first-quarter 2024 earnings from continuing operations of 15 cents per share compared with 42 cents in the year-ago quarter.Barring one-time items, adjusted earnings were 55 cents per share compared with 40 cents reported in the prior-year quarter. It topped the Zacks Consensus Estimate of 35 cents.NEM’s revenues for the first quarter were $4,023 million, up 50.2% from $2,679 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $3,3 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Newmont's actual condensed consolidated financial results remain subject to completion and final review by management and external auditors for the quarter ended March 31, 2024. Newmont intends to file its Q1 2024 Form 10-Q on or about the close of business on April 29, 2024. See notes at the end of this release. 1 2 Synergies are a management estimate provided for illustrative purposes and should not be considered a GAAP or non-GAAP financial measure. Synergies represent management's combined estimate of p ...

Newmont Corporation (NEM) is scheduled to report first-quarter 2024 results before the opening bell on Apr 25.The gold miner missed the Zacks Consensus Estimate in three of the trailing four quarters while beating it once. For this timeframe, the company delivered a negative earnings surprise of roughly 2.6%, on average. Newmont posted a negative earnings surprise of roughly 2% in the last reported quarter. NEM’s first-quarter performance is likely to have been aided by higher production and lower costs. Mo ...

Oat_Phawat Gold has been on a serious rise lately, with prices breaching the US$2,400/oz mark. However, gold miners have been trailing behind with the market yet to close this divergence. Data by YCharts I believe this represents an opportunity. In this article, I’ll present the case for Newmont Corporation (NYSE:NEM), which at current gold prices has at least 24% upside, according to my assumptions and calculations. Q1’24 earnings preview Newmont is set to report earnings on 25 April, before the market ...

Newmont Corporation (NEM) closed the most recent trading day at $39.06, moving -1.54% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq lost 0.84%.Coming into today, shares of the gold and copper miner had gained 17.09% in the past month. In that same time, the Basic Materials sector gained 4.98%, while the S&P 500 gained 1.78%.The upcoming earnings release of Newmont Corporation will be of grea ...