Newmont Corporation reported solid Q2 2024 results, producing 2.1M gold equivalent ounces and generating $594M in free cash flow. Gold sales reached $3.6B at an average realized price of $2,347 per ounce.The company delivered $539M in total returns to shareholders through share repurchases and dividends. It declared a Q2 dividend of $0.25 per share. Newmont completed $250M in share repurchases and repaid $250M in debt. The company remains on track to achieve at least $2B in gross divestiture proceeds from non-core asset sales.Newmont produced 1.6M attributable gold ounces and 477K gold equivalent ounces from other metals. The company generated $1.4B of cash from operating activities and reported net income of $857M. Adjusted net income was $0.72 per share with adjusted EBITDA of $2.0B. Newmont achieved $100M in synergies during Q2, totaling $205M to date from the Newcrest acquisition, and remains on track for 2024 guidance.

Newmont Corporation reported solid Q2 2024 results, producing 2.1M gold equivalent ounces and generating $594M in free cash flow. Gold sales reached $3.6B at an average realized price of $2,347 per ounce.The company delivered $539M in total returns to shareholders through share repurchases and dividends. It declared a Q2 dividend of $0.25 per share. Newmont completed $250M in share repurchases and repaid $250M in debt. The company remains on track to achieve at least $2B in gross divestiture proceeds from non-core asset sales.Newmont produced 1.6M attributable gold ounces and 477K gold equivalent ounces from other metals. The company generated $1.4B of cash from operating activities and reported net income of $857M. Adjusted net income was $0.72 per share with adjusted EBITDA of $2.0B. Newmont achieved $100M in synergies during Q2, totaling $205M to date from the Newcrest acquisition, and remains on track for 2024 guidance.