Summary by Moomoo AI
Newmont Corporation reported robust third quarter 2024 results, with attributable gold production of 1.67 million ounces and 430,000 gold equivalent ounces from other metals. The company generated $1.6 billion in operating cash flow and $760 million in free cash flow.Net income attributable to Newmont stockholders was $922 million or $0.80 per diluted share. Adjusted net income was $936 million or $0.81 per diluted share. The company declared a quarterly dividend of $0.25 per share and authorized an additional $2 billion share repurchase program.Newmont achieved its $500 million annual synergy run-rate following the Newcrest acquisition, more than a year ahead of schedule. The company remains on track to meet its 2024 production guidance and expects to deliver 1.8 million attributable gold ounces at an All-In Sustaining Cost of $1,475 per ounce in the fourth quarter.
