The Newmont Corp (ASX: NEM) share price is charging higher today.
Shares in the S&P/ASX 200 Index (ASX: XJO) gold stock closed yesterday trading for $82.35. In morning trade on Thursday, shares are swapping hands for $85.50 apiece, up 3.8%.
For some context, the ASX 200 is up 0.4% at this same time.
The United States-based gold mining giant first began trading on the ASX in October 2023 after Newmont acquired Newcrest Mining.
Today's boost follows on Newmont's first-quarter update for calendar year 2025 (Q1 2025).
Here's what investors are mulling over today.
Newmont share price marching higher on results
The Newmont share price is marching higher despite the miner reporting a 19% quarter-on-quarter fall in gold production to 1,537 thousand ounces. Management said the decline was driven by lower production from some of its non-core assets, as well as ongoing safety improvements at its Cerro Negro mine and planned mine sequencing at Boddington and Tanami.
Lower production levels were mitigated by a much higher gold price. Newmont's average realised gold price for the three months was US$2,944 per ounce. That's up US$301 per ounce from Q4 2024.
Unfortunately, costs were on the rise as well. The ASX 200 gold stock reported a 13% quarter-on-quarter increase in all-in sustaining cost (AISC) to US$1,651 per ounce.
In other core financial metrics that could impact the Newmont share price, adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased 14% to $2.6 billion, while underlying EBITDA increased by $307 million from the prior quarter. The increase in EBITDA was said to be driven mostly by higher net income.
And free cash flow decreased 26% from the prior quarter to $1.2 billion.
Newmont declared an unfranked interim dividend of 25 US cents per share. The miner pays out dividends on a quarterly basis.
What did management say?
Commenting on the results helping to lift the Newmont share price today, CEO Tom Palmer said:
Following on from a robust fourth quarter performance, Newmont has delivered 1.5 million attributable gold ounces and generated a record first quarter free cash flow of $1.2 billion, demonstrating the strength of our unrivalled Tier 1 Portfolio.
Palmer added:
We also successfully completed our non-core divestiture program, generating up to $4.3 billion in total gross proceeds including over $2.5 billion of after-tax cash proceeds in the first half of 2025.
What's next for the Newmont share price?
Looking at what could impact the Newmont share price in the months ahead, the ASX 200 gold miner reaffirmed its full-year 2025 guidance.
"With these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance," Palmer said.
