Newmont Corporation: Poor Stock Performance Should Be Addressed (NYSE:NEM)

bodnarchuk

Introduction

Newmont Company (NYSE:NEM) launched its first-quarter 2023 earnings on April 27, 2023.

Observe: This text updates my Could 9, 2023, article. I’ve adopted NEM on Looking for Alpha since Dec. 2014.

Additionally, I’ve mentioned one essential piecein my article

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NEM Newcrest Acquisition Schedule (NEM Presentation)

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NEM 1Q23 Highlights (NEM Could Presentation)

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NEM Efficiency 1Q23 (NEM Could Presentation)

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NEM Quarterly Manufacturing per mine 1Q22 versus 1Q23 (Enjoyable Buying and selling)

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Information by YCharts

Newmont 1Q22 2Q22 3Q22 4Q22 1Q23
Complete Revenues in $ Billion 3.02 3.06 2.63 3.20 2.68
Web revenue in $ Million 448 387 213 -1,477 351
EBITDA $ Million 1,237 1,024 859 -759 1,065
EPS diluted in $/share 0.56 0.49 0.27 -1.86 0.44
Money from operations in $ Million 694 1,043 473 1,010 481
Capital Expenditure in $ Million 437 519 529 646 526
Free Money Stream In $ Million 257 524 -56 364 -45
Complete money $ Billion 4.34 4.36 3.81 3.76 3.50
Lengthy-term debt in $ Billion 5.56 5.57 5.57 5.57 5.57
Dividend per share in $ 0.55 0.55 0.55 0.40 0.40
Shares Excellent (diluted) 794 795 795 797 795

Newmont Quarterly AISC for Gold on a by-product basis

NEM Quarterly AISC Historical past (Enjoyable Buying and selling)

All-in Sustaining Prices, or AISC, had elevated this quarter to $1,376 per ounce from $1,156 per ounce a yr in the past. AISC is rising with inflation, however the principle cause is that manufacturing was all the way down to 1,273K Au Oz and better Sustaining CapEx.

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NEM Quarterly Gold Manufacturing Historical past (Enjoyable Buying and selling)

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NEM Quarterly Gold Value Historical past (Enjoyable Buying and selling)

Observe: Gold equal (co-product metals) comes from Penasquito and Boddington mine for 288K GEOs in Q1.

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NEM Quarterly Revenues Historical past (Enjoyable Buying and selling)

Revenues have been $2.679 billion, and internet revenue was $351 million, or $0.44 per diluted share, in 1Q23, in comparison with $448 million, or $0.56 per diluted share, the identical quarter a yr in the past.

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NEM 1Q23 Income per Metallic (Enjoyable Buying and selling)

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NEM Quarterly Gold Value Historical past (Enjoyable Buying and selling)

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NEM Quarterly Free Money Stream Historical past (Enjoyable Buying and selling)

Observe: The generic free money circulate is the money circulate from operations minus CapEx. The calculation might change barely from the corporate, relying on discontinued operations.

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NEM Quarterly Money versus Debt Historical past (Enjoyable Buying and selling)

Complete money is $3,504 million, with long-term debt of $5.571 billion, with different liabilities totaling $1.93 Billion. This debt profile will change considerably when the Newcrest acquisition is accomplished.

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NEM TA Chart Brief-Time period (Enjoyable Buying and selling StockCharts)

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