NEM Latest Report

Performance Review

Newmont (NEM) reported total operating revenues of $5.652 billion as of December 31, 2024, up 43.00% from $3.957 billion as of December 31, 2023. This significant growth reflects the company's strong performance in sales and market demand, indicating significant progress in its business, possibly driven by expansion or an improved market environment.

Key Financial Data

1. Newmont's total gold production in the third quarter of 2024 was 1.668 million ounces, up 4.4% quarter-on-quarter and 29.3% year-on-year.

2. The sales price of Newmont's gold in the third quarter of 2024 was $2,518 per ounce, up 7.3% quarter-on-quarter and 31.1% year-on-year.

3. The adjusted net profit in the third quarter of 2024 was $936 million, up 227.3% year-on-year.

4. As of September 30, 2024, Newmont held $3.016 billion in cash and cash equivalents, with total liquidity exceeding $3.566 billion.

5. The expected revenue in 2024 is expected to grow significantly, with a projected increase of 115.19% to 123.90% in net profit attributable to parent.

Peer Comparison

1. Industry-wide analysis: In 2024, the global mining industry as a whole showed a recovery trend, especially with the gradual rebound of gold prices after fluctuations, driving a general increase in revenue for companies in the industry. According to industry reports, many mining companies achieved significant revenue growth during this period, reflecting the health of the mining market.

2. Peer evaluation analysis: Compared with other companies in the same industry, Newmont's revenue growth of 43.00% is at a relatively high level among large mining companies. For example, Barrick Gold and Argentine mining companies had relatively lower revenue growth rates during the same period, showing Newmont's relative advantage in market competition.

Summary

Newmont's revenue in 2024 has grown significantly, mainly due to increased market demand, improved production efficiency, and the development of new projects. Against the backdrop of rising gold prices and global economic recovery, the company's financial performance is relatively strong, demonstrating its competitiveness in the industry.

Opportunities

1. Robust global gold demand may continue to drive Newmont's sales growth.

2. Through the acquisition of new mining assets, Newmont can further expand its production capacity and market share.

3. The company's strong liquidity provides financial guarantees for future investments and expansion.

4. The continuous rise in gold prices helps to improve profit levels.

5. Optimizing product mix and production efficiency can further enhance the company's competitive advantage.

Risks

1. Fluctuations in gold prices may negatively impact the company's revenue and profits.

2. Intensified industry competition may lead to a decline in market share.

3. The development and acquisition of new projects may face implementation risks and integration challenges.

4. Increased global economic uncertainty may affect investor confidence and market demand.

5. Rising operating costs may squeeze profit margins.