Newmont more than doubles FY net income as gold prices jump 45%
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The news: Gold miner Newmont Corporation more than doubled its full-year net income after reporting a 45% surge in average realised gold prices.
Net income rose 112% to USD7.09 billion ($10.05 billion) from USD3.35 billion a year earlier.
Its average realised gold price reached USD3,498 per ounce, up from USD2,408 in 2024.
Gold production fell 14% year on year to 5.89 million ounces, but met the group’s full-year guidance. The miner also produced 28 million ounces of silver and 135,000 tonnes of copper.
Gold production for 2026 is expected to be lower at 5.3 million ounces.
The source: ASX
