Newmont Reports Strong Q1 Earnings Despite Cadia Earthquake Impact
Newmont Corporation (NEM) reported record first-quarter free cash flow of $3.1 billion and adjusted EBITDA of $5.2 billion, keeping the company on track for full-year guidance. The April Cadia earthquake caused limited damage and no injuries, with operations expected to recover by the end of Q2. The company also returned $2.7 billion to shareholders and approved a new $6 billion share repurchase authorization.
Topics: Earnings Earthquake Impact Free Cash Flow Gold Production Share Buybacks