Now that gold is hitting ATH (All-Time High) every now and then and the trade war is heating up, I thought the world’s largest gold mining company deserves its own thread. It would be nice to hear what the wiser ones think about the company. I have the company in my portfolio as a long-term safe haven investment. While waiting for the end of the world, a small dividend lands in the portfolio every quarter.
I don’t really understand why the stock price is lagging, even though the price of gold, silver, and copper has risen sharply. In the previous quarter, an all-time record was made, with free cash flow of $1.6 billion, and the stock price dropped by -10%, if I recall correctly.
Newmont has a lot of debt, which it is paying off by selling its smallest mines. Capital allocation has not been good. The 2025 guidance was very low, meaning the gold ounces produced will significantly decrease.
Newmont reported a strong first quarter, with significant growth in revenue and net profit. Strong cash flow was highlighted, even though gold production decreased slightly.
High market price for gold supported profitability. The company strengthened its balance sheet and returned capital to shareholders.
Management maintains its 2025 guidance.
Newmont Corporation is the world’s largest gold mining company, headquartered in Colorado. The company was founded in 1921 and currently operates in several countries, including nn, the United States, Canada, Australia, and Ghana. In addition to gold, Newmont also produces copper, silver, zinc, and lead.
In recent years, the company has grown strongly through acquisitions, acquiring Goldcorp in 2019 and Newcrest in 2023, among others. The company is, of course, part of the S&P 500 index and employs over 30,000 people worldwide. Production and financial key figures have been strong, and cash flow has increased particularly due to high gold prices.
Newmont’s operations have also been associated with controversies, such as environmental crime allegations in Indonesia and Ghana. The company has faced criticism from NGOs, but on the other hand, it is one of the actors developing responsibility in the industry, or so it is claimed.
Newmont reported a strong second quarter, in which the company performed well operationally and cash flow reached a record level.
According to the CEO, the results reflect the company’s high-quality portfolio and consistent strategy execution.
The company is progressing as planned towards its 2025 targets, emphasizing, among other things, safety, stability, and long-term value creation for shareholders.
. Now just waiting for the next record in free cash flow 
.