Adjusted EBITDA was $3 billion and adjusted net income was $1.43 per share, including gains from asset sales and mark-to-market equity investments.
Gold all-in sustaining costs for the quarter were $1,593 per ounce on a co-product basis and $1,375 per ounce on a by-product basis, with core managed portfolio costs at $1,276 per ounce by-product.
Newmont ended the quarter with $6.2 billion in cash and reduced debt to $7.4 billion, below the $8 billion target.
Newmont produced 1.5 million ounces of gold and 36,000 tonnes of copper in Q2 2025, in line with full year guidance.
Since the last earnings call, Newmont retired $372 million of debt and returned over $1 billion to shareholders through dividends and share repurchases.
The Board approved an additional $3 billion share repurchase program, doubling total authorization to $6 billion, with $2.8 billion executed to date.
The company generated $2.4 billion of cash flow from operations after working capital and a record quarterly free cash flow of $1.7 billion.
Blue Point project cost is expected to be $3.7 billion, with CF's portion and common facilities totaling about $2 billion over the next 4 years.
CF Industries reported adjusted EBITDA of $1.4 billion for the first half of 2025 and $760 million for Q2 2025.
EBITDA and free cash flow expected to increase by over $100 million annually starting Q3 due to Donaldsonville CCS project tax incentives and product premiums.
Net earnings attributable to common stockholders were $698 million for the first half and $386 million for Q2 2025, with diluted EPS of $4.20 and $2.37 respectively.
Returned approximately $280 million to shareholders in Q2 2025, including $202 million for repurchasing 2.8 million shares.
Trailing 12-month net cash from operations was $2.5 billion and free cash flow was $1.7 billion, including a net benefit from the Blue Point joint venture.
Dafinchi