Newmont Q1: Net income $363M, adj EPS $0.40; gold output 1.27M oz; declares $0.40 dividend

NEWMONT Corp /DE/

2023-Q1 EPS reported $0.44 revenue$2,679,000,000

Produced 1.27M oz gold and 288K co-product GEOs; gold AISC $1,376/oz, impacted by lower volumes and cost pressures.
Net income $363M ($0.40 adj EPS); Adjusted EBITDA $990M; cash from ops $481M; free cash flow $(45)M.
Declared Q1 dividend $0.40/share; annualized payout range $1.40-$1.80; payable Jun 15 to holders of record Jun 1.
Sold Triple Flag shares for $179M; ended quarter with $2.7B cash and $6.5B liquidity; net debt/EBITDA 0.6x.
On track to achieve FY guidance: 5.7-6.3M oz gold production; AISC $1,150-$1,250/oz; costs expected to decrease.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

NEWMONT Corp /DE/ reported first quarter ended March 31, 2023 results: net income $363 million, EPS $0.40 per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Net income: $363 million
EPS: $0.40 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced first quarter 2023 results and declared a first quarter dividend of $0.40 per share.

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Source: SEC EDGAR

accession 0001157523-23-000631

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