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Newmont Achieves Record Adjusted Net Income and $1.9 Billion in Free Cash Flow in Q3

The Motley Fool +1 ·

NEM Newmont Corp
$114.11 -2.62%
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  1. 1Newmont Corporation recorded $1.9 billion in free cash flow in the third quarter.
  2. 2Adjusted net income per share reached a record $2.20 for the third quarter.
  3. 3Since starting its share repurchase program in February 2024, the company has repurchased over 115 million shares, representing approximately 10% of outstanding shares.

So what's the key point?

Newmont generated record profits in the third quarter, leaving $1.9 billion in cash. The company also used its earnings to buy back a large amount of its own shares.

Source The Motley Fool +1 · View original ↗

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