Newmont Corporation reported strong financial results for Q2 2024, with sales increasing 64% to $4.4 billion compared to $2.7 billion in Q2 2023. Net income attributable to Newmont stockholders surged to $853 million ($0.74 per share) from $155 million ($0.19 per share) in the prior year quarter, driven by higher realized metal prices and contributions from acquired Newcrest operations.The company produced 1.53 million attributable gold ounces and 477,000 gold equivalent ounces from co-products during the quarter. All-in sustaining costs were $1,562 per gold ounce and $1,207 per gold equivalent ounce. Operating cash flow increased 91% to $2.17 billion for the first half of 2024, while free cash flow was $520 million.Newmont maintained its strong financial position with $2.6 billion in consolidated cash, $205 million in cash included in assets held for sale, and $6.8 billion in total liquidity at quarter-end. The company declared a dividend of $0.25 per share and continued its $1 billion stock repurchase program, settling $104 million in share repurchases during the quarter.

Newmont Corporation reported strong financial results for Q2 2024, with sales increasing 64% to $4.4 billion compared to $2.7 billion in Q2 2023. Net income attributable to Newmont stockholders surged to $853 million ($0.74 per share) from $155 million ($0.19 per share) in the prior year quarter, driven by higher realized metal prices and contributions from acquired Newcrest operations.The company produced 1.53 million attributable gold ounces and 477,000 gold equivalent ounces from co-products during the quarter. All-in sustaining costs were $1,562 per gold ounce and $1,207 per gold equivalent ounce. Operating cash flow increased 91% to $2.17 billion for the first half of 2024, while free cash flow was $520 million.Newmont maintained its strong financial position with $2.6 billion in consolidated cash, $205 million in cash included in assets held for sale, and $6.8 billion in total liquidity at quarter-end. The company declared a dividend of $0.25 per share and continued its $1 billion stock repurchase program, settling $104 million in share repurchases during the quarter.