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Newmont (NYSE:NEM) Reports Turnaround with USD 3.35B Net Income in FY24. What’s Ahead?

Tue 01 Apr 25, 11:06 AM | Team Kalkine

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Highlights

Newmont Corporation (NYSE:NEM) is a gold producer with assets and operations in various countries, including Argentina, Chile, Ghana, Peru, Suriname, Papua New Guinea, Fiji, Mexico, the Dominican Republic, Ecuador, Canada, the United States, and Australia.

For the financial year 2024 (FY24), the company reported a notable increase in total revenue, reaching USD 18,682.0 million, compared to USD 11,812.0 million in FY23, marking a growth of 58.2%. This growth was primarily driven by higher revenue from the management and advisory fee segment, alongside increased realized investment gains stemming from strategic portfolio allocations.

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