Newmont Corporation reported record third-quarter results that beat Wall Street estimates. Adjusted net income was $2.20 per share. Revenue totaled $6.36 billion.
The gold miner generated $1.9 billion in free cash flow and produced approximately 1.3 million ounces of gold.
Since its previous earnings report, Newmont returned $1.9 billion to shareholders through dividends and share buybacks. The company has reduced its total share count by around 10% since February 2024. Newmont also declared a quarterly dividend of $0.26 per share.