Overview

• The miner delivered adjusted earnings per share of $1.43, surpassing the $1.18 consensus estimate.
• Revenue climbed 20.1% year-over-year to $5.32 billion, beating forecasts by $59 million.
• Gold sales rose 26.5% to $4.58 billion, with the average realized price at $3,320 per ounce, up $973 from a year ago.
• Newmont produced about 1.5 million ounces of gold and generated a quarterly free cash flow record of $1.7 billion.
• The company initiated a $3 billion share repurchase plan and left its annual outlook unchanged.