Newmont Q3: 8% fewer gold ounces but about 17% more margin dollars per AISC math
Newmont (NEM) reported Q3 after the close Thursday: 1.30M attributable gold ounces, down from 1.42M a year ago, yet profit rose to $2.48B from $1.83B.
The math: $4,317 an ounce realized minus $1,454 all-in sustaining cost is a $2,863 margin, vs $2,236 last year. 8% fewer ounces, about 17% more margin dollars. Gold price is doing the work.
Sources: @WOLF_Financial: Newmont Q3 revenue $6.36B, adj EPS $2.20, FCF $1.91B, attributable gold 1.30 Moz, realized gold $4,317/ · @wallstengine: NEM Q3 revenue $6.36B (est $6.31B) +15% YoY, adj EPS $2.20, free cash flow $1.91B (est $3.36B)
Not financial advice. For informational and educational purposes only.
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