World’s top gold miner Newmont sees highest costs in decade

World’s top gold miner Newmont sees highest costs in decade

Newmont Corp. posted its highest quarterly costs in at least nine years, in part because of its operations at one of Australia’s largest gold mines.

Newmont Earnings: Higher Gold Prices More Than Offset Lower Volumes

Elevated gold prices and disposals mean its balance sheet is strong.

Newmont Sees Q1 2025 Net Income Surge Tenfold, Thanks To Soaring Gold Prices

Newmont (TSX: NGT) has reported its financials for the first quarter of 2025, with total revenue reaching $5.01 billion, a 25% increase from $4.02 billion in Q1 2024, and a slight decline from $5.65 billion in the prior quarter. The increase was almost entirely price-driven, as gold’s average realized price soared to $2,944 per ounce, up 41% year-over-year and 11% quarter-over-quarter. Cost of sales came in at $2.11 billion, relatively flat comp…