Newmont beats Q1 earnings and revenue estimates with record free cash flow amid high gold prices.

Newmont Corporation reported first-quarter earnings of $2.90 per share, surpassing analyst expectations of $2.07 and more than doubling last year's $1.25. Revenue reached $7.31 billion, beating forecasts and rising significantly from $5.01 billion a year ago, driven by a higher average gold price of $4,900 per ounce. The company generated a record $3.1 billion in free cash flow and declared a dividend of $0.26 per share while doubling its share repurchase program. This strong performance highlights Newmont's ability to capitalize on rising gold prices, supporting continued growth and shareholder returns.