Newmont Q4 Earnings: Insane Free Cash Flow
When it comes to the gold mining sector, there’s a few different tiers of producers. First, you’ve got your small scale guys, doing under 100,000 ounces a year. Then you’ve got your small producers, that are sub about 300,000 in annual production.
Next comes mid-tiers at a range of 300,000 to 1 million ounces, which is where a lot of respectable names sit. Then there’s your majors. Who produce over a million ounces a year. Some then say there’s a category called “super majors” who are above the 2 million ounce a year mark.
And then, there’s whatever the heck you want to call Newmont (TSX: NGT), who in 2024 without a doubt blew its competition straight out of the water with some eye popping production numbers, and quite frankly, unbelievable cash flow figures.
Lets dive in.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
