Newmont (NEM) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter. The growth was driven by higher production and stronger gold prices.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter. The growth was driven by higher production and stronger gold prices.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
+4.6%
Change from the immediately preceding quarter.
Year-over-year
+84.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$17B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $4B | +23.7% |
| Mar 31, 2024 | $4B | +50.2% |
| Jun 30, 2024 | $4.4B | +64.1% |
| Sep 30, 2024 | $4.6B | +84.7% |
Revenue performance
Reported revenue rose compared to the immediately preceding quarter. The year-over-year comparison also showed a significant increase.
Quarterly comparison
Revenue was higher than both the prior quarter and the same quarter one year earlier. The sequential improvement was modest, while the annual gain was substantial.
What to watch
Monitor the sustainability of gold price trends and production volumes in upcoming quarters.