Newmont on track with Q2 results 

Newmont is on track to meet 2025 guidance after producing about 1.5moz of gold and generating an all-time record quarterly free cash flow of $2.5b (US$1.7b). 

Attributable gold production decreased 4% to 1478koz from the prior quarter as expected, driven by the closing of non-core asset sales. 

Newmont says this was partially offset by increased production at Yanacocha, in Peru, from improved injection leaching; Peñasquito, in Mexico, from higher gold grades; Nevada Gold Mines, in the US, and Boddington, in WA, from higher tonnes processed following planned maintenance. 

Newmont saw an increase of $571/oz (US$376) in average realized gold price to $5044/oz (US$3,320) per ounce from Q1.  

Newmont chief executive Tom Palmer says these results underscore the strength of the company’s world-class portfolio and the disciplined execution of the commitments Newmont shared at the beginning of the year. 

“We remain firmly on track to achieve our 2025 guidance as we continue to strengthen our safety culture, stabilize our operations and deliver long term value to shareholders,” he said. 

Attributable gold production for Newmont’s core portfolio in 2025 is expected to be about 50% weighted to the second half of the year.