Newmont Reports 112% Increase in FY Net Income as Gold Prices Surge 45%
Newmont Corporation's full-year net income rose 112% to USD7.09 billion due to a 45% increase in average gold prices, reaching USD3,498 per ounce. Gold production decreased by 14% to 5.89 million ounces, while the company also produced 28 million ounces of silver and 135,000 tonnes of copper. However, Newmont's gold reserves fell to 118.2 million ounces at the end of 2025, down from 134.1 million a year earlier, attributed to asset sales and depletion, impacting its share price.
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Newmont Corporation reported a 112% increase in full-year net income to USD7.09 billion, driven by a 45% rise in average realized gold prices to USD3,498 per ounce. The company's gold production decreased by 14% year-on-year to 5.89 million ounces, while it produced 28 million ounces of silver and 135,000 tonnes of copper, meeting its full-year guidance.
At the end of 2025, Newmont's gold reserves declined to 118.2 million attributable ounces from 134.1 million due to divestments and depletion. Copper reserves also fell to 12.5 million tonnes, and silver reserves dropped to 442 million ounces.
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