Top gold miner Newmont achieves production guidance in 2022, posts net loss from continuing operations Newmont
- Newmont , the world's top gold miner, announced today that in 2022, the company produced 6.0 million gold ounces and 1.3 million gold equivalent ounces from other metals, achieving original production guidance range set in December 2021.
The company's revenue for the year remained largely flat at $11.9 billion compared to the prior year. Newmont generated $4.6 billion in adjusted EBITDA and $1.1 billion in free cash flow . Newmont announced that its Board of Directors declared a dividend of $0.40 per share of common stock for the fourth quarter of 2022, payable on March 23, 2023 to holders of record at the close of business on March 9, 2023.
"We remain committed to our disciplined and balanced approach to capital allocation, allowing us to maintain an investment-grade balance sheet while steadily reinvesting in the business and providing superior returns to shareholders through our industry-leading dividend framework."
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