Thursday 29 October 2026 Export NEM’s income statement to Excel — free account

Newmont Corporation

Newmont Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.7 billion, up 21.3% from fiscal 2024. In the quarter to June 2026, revenue grew 15.1%, EPS grew 11.3%, free cash flow fell 18.0% and total debt fell 27.1%, each against the same quarter a year earlier. Member of the S&P 500.

111.48 2.44 −2.14%

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Market cap: $118.4B
P/E: 14.0×
Fwd P/E: 11.6×
Dividend yield: 0.92%
F-score: 9/9
Altman Z: 4.14
Beneish M: −2.57
Dividend safety: 70/100

Overview Business Profile Financial Analysis Segments Filings

Newmont Corporation (NEM) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Gold Sales from Doré Production	14,330	63.21%
Sales from Concentrate and Other Production	8,339	36.79%
Gross margin		64.33%
Operating margin		48.35%
Pre-tax margin		50.03%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Gold Sales from Doré Production	14,330 63.21%	12,312 65.90%	8,781 74.34%	8,357 70.14%	8,490 69.46%	8,534 74.23%	7,975 81.88%	6,129 84.50%	6,174 83.67%	5,501 82.35%
Sales from Concentrate and Other Production	8,339 36.79%	6,370 34.10%	3,031 25.66%	3,558 29.86%	3,732 30.54%	2,963 25.77%	1,765 18.12%	1,124 15.50%	1,158 15.69%	—
Other Production	—	—	—	—	—	—	—	—	47 0.64%	40 0.60%
Concentrate Production Gold	—	—	—	—	—	—	—	—	—	929 13.91%
Concentrate Production Copper	—	—	—	—	—	—	—	—	—	210 3.14%
Revenue	22,669	18,682	11,812	11,915	12,222	11,497	9,740	7,253	7,379	6,680

Revenue by segment $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2017	FY2016
NGM	2,485 13.30%	2,271 19.23%	2,098 17.61%	2,291 18.74%	2,359 20.52%	2,106 21.62%	2,267 30.72%	—
Peñasquito	2,322 12.43%	901 7.63%	2,189 18.37%	2,634 21.55%	—	—	—	—
Ahafo South	1,923 10.29%	1,130 9.57%	1,023 8.59%	864 7.07%	—	—	—	—
Cadia	1,861 9.96%	422 3.57%	—	—	—	—	—	—
Boddington	1,746 9.35%	1,814 15.36%	1,763 14.80%	1,507 12.33%	—	—	—	—
Lihir	1,473 7.88%	266 2.25%	—	—	—	—	—	—
Tanami	988 5.29%	867 7.34%	878 7.37%	879 7.19%	—	—	—	—
Yanacocha	841 4.50%	537 4.55%	451 3.79%	471 3.85%	—	—	—	—
Porcupine	673 3.60%	503 4.26%	504 4.23%	517 4.23%	—	—	—	—
Merian Gold Project	660 3.53%	625 5.29%	723 6.07%	780 6.38%	—	—	—	—
Brucejack	610 3.27%	72 0.61%	—	—	—	—	—	—
Éléonore	583 3.12%	453 3.84%	391 3.28%	446 3.65%	—	—	—	—
Cerro Negro	566 3.03%	510 4.32%	508 4.26%	480 3.93%	—	—	—	—
Musselwhite	516 2.76%	351 2.97%	305 2.56%	277 2.27%	—	—	—	—
Akyem	495 2.65%	574 4.86%	749 6.29%	680 5.56%	—	—	—	—
CC&V	347 1.86%	332 2.81%	333 2.79%	396 3.24%	—	—	—	—
Red Chris	325 1.74%	32 0.27%	—	—	—	—	—	—
Telfer	268 1.43%	152 1.29%	—	—	—	—	—	—
Ahafo North	0 0.00%	0 0.00%	—	—	—	—	—	—
North America	—	—	—	—	3,548 30.86%	2,017 20.71%	585 7.93%	2,566 38.41%
Asia Pacific	—	—	—	—	2,247 19.54%	2,181 22.39%	2,180 29.54%	2,179 32.62%
Australia	—	—	—	—	2,247 19.54%	2,181 22.39%	—	—
South America	—	—	—	—	1,819 15.82%	1,971 20.24%	1,314 17.81%	909 13.61%
Africa	—	—	—	—	1,524 13.26%	1,465 15.04%	1,033 14.00%	1,026 15.36%
Eliminations	—	—	—	—	(2,247) (19.54%)	(2,181) (22.39%)	—	—
Revenue	18,682	11,812	11,915	12,222	11,497	9,740	7,379	6,680

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
United Kingdom	13,068 57.65%	10,966 58.70%	7,637 64.65%	7,537 63.26%	7,624 62.38%	8,489 73.84%	7,980 81.93%	5,448 75.11%	5,521 74.82%	5,382 80.57%	4,954 81.41%	5,542 81.27%	6,373 75.74%	7,943 79.72%
South Korea	3,196 14.10%	1,956 10.47%	975 8.25%	1,426 11.97%	1,665 13.62%	1,317 11.46%	538 5.52%	237 3.27%	384 5.20%	298 4.46%	334 5.49%	216 3.17%	360 4.28%	331 3.32%
Japan	2,002 8.83%	1,920 10.28%	512 4.33%	442 3.71%	386 3.16%	244 2.12%	172 1.77%	105 1.45%	87 1.18%	59 0.88%	111 1.82%	125 1.83%	376 4.47%	435 4.37%
China	1,411 6.22%	318 1.70%	102 0.86%	—	—	—	—	—	—	62 0.93%	—	—	—	—
Other	1,379 6.08%	1,164 6.23%	871 7.37%	814 6.83%	242 1.98%	311 2.71%	166 1.70%	243 3.35%	161 2.18%	63 0.94%	100 1.64%	56 0.82%	351 4.17%	340 3.41%
Australia	803 3.54%	409 2.19%	376 3.18%	7 0.06%	3 0.02%	—	—	—	—	—	—	—	—	—
Mexico	639 2.82%	600 3.21%	240 2.03%	604 5.07%	642 5.25%	277 2.41%	190 1.95%	0 0.00%	—	—	—	152 2.23%	258 3.07%	357 3.58%
Switzerland	89 0.39%	638 3.42%	600 5.08%	721 6.05%	1,052 8.61%	243 2.11%	120 1.23%	677 9.33%	657 8.90%	148 2.22%	39 0.64%	38 0.56%	—	—
Philippines	82 0.36%	709 3.80%	451 3.82%	340 2.85%	264 2.16%	242 2.10%	293 3.01%	254 3.50%	310 4.20%	283 4.24%	208 3.42%	290 4.25%	242 2.88%	225 2.26%
United States	0 0.00%	2 0.01%	48 0.41%	24 0.20%	62 0.51%	97 0.84%	78 0.80%	52 0.72%	91 1.23%	70 1.05%	69 1.13%	64 0.94%	—	—
Delaware	—	—	—	—	282 2.31%	277 2.41%	203 2.08%	237 3.27%	168 2.28%	191 2.86%	166 2.73%	198 2.90%	324 3.85%	266 2.67%
California	—	—	—	—	—	—	—	—	—	124 1.86%	104 1.71%	138 2.02%	—	—
Idaho	—	—	—	—	—	—	—	—	—	—	—	—	130 1.55%	67 0.67%
Revenue	22,669	18,682	11,812	11,915	12,222	11,497	9,740	7,253	7,379	6,680	6,085	6,819	8,414	9,964

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Attributable gold ounces sold	Q3 FY2026	1.2M	1.3M	−8.72%
Average realized gold price	Q2 FY2026	$4,414.00	$3,320.00	+32.95%
Fruta del Norte attributable gold production	Q3 FY2026	38.0K	—	—
Gold By-Product AISC per ounce	Q2 FY2026	$1,621.00	—	—
Gold By-Product CAS per ounce	Q2 FY2026	$1,043.00	—	—
Gold Co-Product CAS per ounce	Q2 FY2026	$1,463.00	—	—
Nevada Gold Mines AISC per ounce	Q3 FY2026	$1,760.00	—	—
Nevada Gold Mines attributable gold production	Q3 FY2026	251.0K	—	—
Nevada Gold Mines CAS per ounce	Q3 FY2026	$1,392.00	—	—
Peñasquito lead tonnes	Q3 FY2026	22.0K	26.0K	−15.38%
Peñasquito silver ounces	Q3 FY2026	11.0M	7.0M	+57.14%
Peñasquito zinc tonnes	Q3 FY2026	67.0K	59.0K	+13.56%
Pueblo Viejo attributable gold production	Q3 FY2026	65.0K	—	—
Total copper tonnes	Q3 FY2026	23.0K	35.0K	−34.29%
Total Gold Attributable Production	Q3 FY2026	1.3M	1.4M	−8.37%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Attributable gold ounces sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average realized gold price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fruta del Norte attributable gold production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold By-Product AISC per ounce	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold By-Product CAS per ounce	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gold Co-Product CAS per ounce	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Nevada Gold Mines AISC per ounce	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Nevada Gold Mines attributable gold production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Nevada Gold Mines CAS per ounce	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Peñasquito lead tonnes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Peñasquito silver ounces	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Peñasquito zinc tonnes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pueblo Viejo attributable gold production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total copper tonnes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Gold Attributable Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.