Newmont Q2 net income drops 33% to $2.2 billion vs Q1; adjusted EBITDA falls 27% to $3.76 billion - NEM News | RalliesNewmont Q2 net income drops 33% to $2.2 billion vs Q1; adjusted EBITDA falls 27% to $3.76 billion
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NEM• Newmont reports lower Q2 profit, EBITDA and cash flow
- Newmont posted net income attributable to stockholders of $2.2 billion, down $1.1 billion from Q1; diluted EPS slipped to $2.06.
- Sales fell to $6.12 billion; average realized gold price dropped to $4,414/oz.
- Free cash flow declined 30% from Q1 to a record $2.2 billion; operating cash flow eased 23% to $2.9 billion.
- Gold by-product CAS per ounce climbed 93% to $1,043; gold by-product AISC per ounce rose 58% to $1,621.
- The company declared a $0.26-per-share dividend and repurchased $1.7 billion of stock since the last earnings call, leaving $4.3 billion authorized.
