S&P/ASX 200 Index (ASX: XJO) gold stock Newmont Corp (ASX: NEM) is charging higher today.
Newmont shares closed yesterday trading for $91.88. In morning trade on Friday, shares are changing hands for $96.01 apiece, up 4.5%.
This sees Newmont shares up an impressive 59.4% so far in 2025. And with 1.11 billion shares outstanding, it gives the ASX 200 mining stock a market cap of $106.6 billion.
Newmont shares first began trading on the ASX on 27 October 2023, having previously only traded on the New York Stock Exchange (NYSE). That came after the American gold giant acquired Aussie gold miner Newcrest Mining in April that year.
Today's boost comes following the release of Newmont's second-quarter results (Q2 2025).
Here are the highlights.
(*Note, all figures below in US dollars unless otherwise specified.)
ASX 200 gold stock lifts on strong results
Investors are bidding up the ASX 200 gold stock after Newmont reported record free quarterly cash flow of $1.7 billion, up 188% year on year.
Reported net income for the three months came in at $2.1 billion, up 142% from Q2 2024. While adjusted net income of $1.6 billion (or $1.43 per diluted share) increased by 92%.
Newmont reported quarterly adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $3.0 billion, up 50% year on year.
The three-month period saw Newmont produce 1.5 million gold ounces and 36,000 tonnes of copper.
The ASX 200 gold stock received an average realised gold price of $3,320 per ounce, an increase of $376 per ounce over the prior quarter.
The miner's gold production all-in sustaining cost (AISC) decreased 4% from the prior quarter to $1,593 per ounce.
The company said it remains on track to meet its full-year production guidance, with second-quarter results meeting management's expectations.
Investors are likely also taking note that the ASX 200 gold stock expects to receive more than $3.0 billion in after tax cash proceeds from its divestiture program this year. That includes approximately $2.5 billion from divested assets and around $470 million from the sale of shares in Greatland Resources and Discovery Silver.
Sweetening the deal, management announced an additional $3.0 billion share repurchase program.
And passive income investors will be pleased with the 25 US cents per share dividend declared today. Newmont shares trade ex-dividend on 3 September. Eligible investors can expect to receive that dividend payment on 29 September.
What did management say?
Commenting on the results lifting the ASX 200 gold stock today, Newmont CEO Tom Palmer said:
Newmont delivered a strong second quarter, producing approximately 1.5 million attributable gold ounces and generating an all-time record quarterly free cash flow of $1.7 billion, underscoring the strength of our world-class portfolio and the disciplined execution of the commitments we 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, stabilise our operations and deliver long term value to shareholders.
Newmont ended the quarter with $6.2 billion in cash and $10.2 billion in total liquidity.
