Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NEWMONT Corp /DE/ reported first quarter ended March 31, 2024 results: net income Reported Net Income of $179 million, EPS Adjusted Net Income (ANI) of $0.55 per share. Guidance reaffirmed.
- Period
- first quarter ended March 31, 2024
- Net income
- Reported Net Income of $179 million
- EPS
- Adjusted Net Income (ANI) of $0.55 per share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
excluding the stamp duty payment in connection with the Newcrest transaction, Newmont generated Free Cash Flow of $217 million 5 ▪ Reported Net Income of $179 million, Adjusted Net Income (ANI) of $0.55 per share and Adjusted EBITDA of $1.7 billion for the quarter 5 ▪ Delivered $105 million in synergies to date from the Newcrest acquisition; on track to realize $500 million in annual synergies by the end of 2025 6 ▪ Firmly on track to deliver 2024 guidance for production, costs and capital spend; full-year production expected to be second-half weighted as previously indicated 7 ▪ Classified six non-core assets and one project as held for sale, resulting in a non-cash impairment of $485 million ▪ Refinanced approximately $2 billion of debt acquired from the Newcrest acquisition; targeting a $1 billion debt reduction ▪ Published 20 th Annual Sustainability Report and 3 rd Annual Taxes and
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