{"id":17742,"date":"2025-05-14T19:54:19","date_gmt":"2025-05-14T19:54:19","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/05\/14\/major-gold-miners-shine-in-q1-buoyed-by-strong-gold-price-performance\/"},"modified":"2025-05-14T19:54:19","modified_gmt":"2025-05-14T19:54:19","slug":"major-gold-miners-shine-in-q1-buoyed-by-strong-gold-price-performance","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/05\/14\/major-gold-miners-shine-in-q1-buoyed-by-strong-gold-price-performance\/","title":{"rendered":"Major Gold Miners Shine in Q1, Buoyed by Strong Gold Price Performance"},"content":{"rendered":"<\/p>\n

After a robust first quarter for the gold-mining sector, a slew of the world\u2019s largest gold producers delivered standout financial and operational results driven by the soaring gold price. <\/strong><\/p>\n

The yellow metal\u2019s price averaged US$2,860 per ounce during the quarter, up 38 percent from a year earlier, allowing the industry to capitalize on favorable macroeconomic conditions while positioning for sustainable growth.<\/p>\n

Below is a breakdown of how a few major players fared in Q1 2025.<\/p>\n

\n

Gold-mining companies <\/h3>\n<\/div>\n
\n

Newmont books US$1.9 billion in profit, completes strategic divestitures <\/h3>\n

Major miner Newmont (TSX:NGT,NYSE:NEM) reported its results for the first quarter on April 23, outlining net income of US$1.9 billion and adjusted net income of US$1.25 per diluted share. <\/p>\n

The company\u2019s adjusted EBITDA totaled US$2.6 billion, while free cashflow hit a Q1 record of US$1.2 billion.<\/p>\n

Newmont produced 1.5 million attributable gold ounces and 35,000 metric tons of copper. It declared a US$0.25 per share dividend and returned US$1 billion to shareholders in Q1 through buybacks and dividend payments.<\/p>\n

CEO Tom Palmer pointed to the successful conclusion of a major strategic reshaping. <\/p>\n

\u201cWe also successfully completed our non-core divestiture program, generating up to US$4.3 billion in total gross proceeds including over US$2.5 billion of after-tax cash proceeds in the first half of 2025,\u201d he said. \u201cWith these significant achievements and a solid start to the year, we remain firmly on track to meet our 2025 guidance.\u2019<\/p>\n

The sales included divestments of the Musselwhite, \u00c9l\u00e9onore, Cripple Creek & Victor, Porcupine and Akyem mines \u2014 part of a broader strategy to streamline Newmont\u2019s portfolio and enhance focus on its most productive assets.<\/p>\n<\/div>\n

\n

Barrick\u2019s strategic buildout pays off amid higher prices <\/h3>\n

Barrick Mining (TSX:ABX,NYSE:B), reported strong year-on-year gains in revenue and earnings, thanks in part to strategic project advancements and improved copper output. <\/p>\n

The company\u2019s Q1 results, released on May 7, show that its net earnings per share increased 59 percent to US$0.27, while adjusted net earnings per share jumped 84 percent to US$0.35. Barrick\u2019s operating cashflow rose to US$1.2 billion, supporting US$375 million in free cashflow and a 5 percent reduction in net debt.<\/p>\n

Gold production came in at 758,000 ounces, at the top end of guidance, while copper output reached 44,000 metric tons. The average realized gold price for the quarter was US$2,898 per ounce, a 40 percent increase from Q1 2024.<\/p>\n

President and CEO Mark Bristow emphasized the company\u2019s focus on long-term growth.<\/p>\n

\u201cAt Reko Diq and Lumwana, owner teams have been mobilized, long-lead items secured, and Fluor and Hatch appointed as engineering partners, respectively. These projects will materially grow Barrick\u2019s copper and gold production and support our goal to organically grow our gold-equivalent ounces by 30 percent by the end of the decade,\u2019 he said. <\/p>\n

Progress also continued at Pueblo Viejo and the Fourmile project in Nevada, while Canadian exploration teams pushed forward with promising new targets.<\/p>\n<\/div>\n

\n

Agnico Eagle hits record earnings, gets closer to net-zero debt <\/h3>\n

Agnico Eagle Mines (TSX:AEM,NYSE:AEM) also delivered a standout quarter, reporting on April 24 that it produced 873,794 ounces of payable gold at all-in sustaining cost (AISC) of US$1,183 per ounce.<\/p>\n

Net income reached US$815 million, while adjusted net income hit a record of US$770 million. The company generated US$594 million in free cashflow and strengthened its cash position by US$212 million to US$1.14 billion.<\/p>\n

President and CEO Ammar Al-Joundi highlighted the company\u2019s financial momentum: \u201cWe remain focused on execution and cost control to continue delivering expanding operating margins in a rising gold price environment. This enables us to reinvest in the business through exploration and the advancement of our five key pipeline projects.\u201d<\/p>\n

Key developments in the first quarter included further ramp-up progress at the East Gouldie deposit, infrastructure advances at Detour Lake and shaft development at Upper Beaver. <\/p>\n

Agnico also repurchased nearly half a million shares and declared a US$0.40 per share dividend.<\/p>\n<\/div>\n

\n

AngloGold\u2019s headline earnings surge 671 percent <\/h3>\n

AngloGold Ashanti (NYSE:AU,JSE:ANG) posted the largest year-on-year percentage gains among its peers, with headline earnings soaring 671 percent to US$447 million and free cashflow surging 607 percent to US$403 million. <\/p>\n

The company\u2019s gold production jumped 22 percent year-on-year in the first quarter, supported by strong output from Tropicana and Siguiri, as well as the newly acquired Sukari gold mine in Egypt.<\/p>\n

AngloGold reported an average gold price received of US$2,874 per ounce, compared to US$2,063 in Q1 2024. The firm notes that this combination of higher realized prices and disciplined cost management \u2014 AISC rose only 1 percent \u2014 resulted in a dramatic uplift in profitability for the period. <\/p>\n

\u201cThis is a very strong start to the year,\u201d the company said in its quarterly statement. AngloGold reaffirmed its full-year guidance and will continue to focus on optimizing its expanded asset base.<\/p>\n<\/div>\n

\n

Royalty and streaming companies <\/h3>\n<\/div>\n
\n

Franco-Nevada posts strong performance without Cobre Panama <\/h3>\n

Franco-Nevada (TSX:FNV,NYSE:FNV)<\/a> delivered the strongest quarterly financial performance in its history in Q1 2025, despite receiving no contributions from the suspended Cobre Panama mine. <\/p>\n

According to CEO Paul Brink, the company\u2019s exceptional results were powered by the elevated gold price, strong energy-related production and added leverage through its net profit interest holdings.<\/p>\n

Franco-Nevada reported US$368.4 million in total revenue, a 43 percent increase compared to the same quarter last year. The company sold 126,585 gold equivalent ounces (GEOs), a modest increase of 3 percent year-on-year, while net GEOs \u2014 adjusted to reflect interest ownership and other factors \u2014 grew 6 percent to 113,138.<\/p>\n

The company\u2019s May 8 press release notes that its performance was bolstered by both its energy interests and newer contributions such as those from the Porcupine Complex royalty. <\/p>\n

Franco-Nevada\u2019s revenue mix continues to reflect the firm\u2019s strategic diversification: 79 percent came from precious metals, 16 percent from oil and gas and 5 percent from iron ore and other assets.<\/p>\n<\/div>\n

\n

Wheaton Precious Metals sets revenue and earnings records <\/h3>\n

Wheaton Precious Metals (TSX:WPM,NYSE:WPM) kicked off 2025 with a record performance, reporting US$470 million in revenue, US$254 million in net earnings and US$361 million in operating cashflow. <\/p>\n

All three numbers are all-time quarterly highs for the company.<\/p>\n

\u201cWheaton delivered a strong start to 2025, with our core assets exceeding production expectations and driving record quarterly revenue, adjusted net earnings, and operating cash flow,\u201d said President and CEO Randy Smallwood.<\/a><\/p>\n

\u201cIn times of economic uncertainty, gold is viewed as a reliable store of value, and these results demonstrate why we believe Wheaton offers one of the best low-risk opportunities for investors seeking exposure to precious metals.\u201d<\/p>\n

Attributable GEO production reached 151,000 ounces, a slight 4 percent decline year-on-year, though production exceeded internal expectations due to strong output at Salobo. The company highlighted progress at several key development projects \u2014 Platreef, Goose and Mineral Park \u2014 all expected to commence production in 2025.<\/p>\n

Wheaton also celebrated the commercial startup of Artemis Gold\u2019s (TSXV:ARTG,OTC Pink:ARGTF) Blackwater mine on May 2; it is expected to be a significant new contributor to its portfolio. <\/p>\n

The company closed the quarter with US$1.1 billion in cash and no debt.<\/p>\n<\/div>\n

\n

Gold outlook: Cautious optimism amid a bull market <\/h3>\n

The first quarter of 2025 was bolstered by historic highs in the gold price, driven by inflationary fears, geopolitical instability and growing skepticism toward traditional financial systems.<\/p>\n

However, as the sector rides a wave of bullish sentiment, the possibility of volatility looms. <\/p>\n

Some analysts are warning that the current rally may be forming the contours of a gold bubble, fueled by speculative fervor, central bank hoarding and investor FOMO. Historical precedent shows that rapid surges in the gold price can be followed by abrupt corrections. As such, the durability of this cycle will depend not only on macroeconomic forces, but also on the temptation to overextend in response to short-term market euphoria.<\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

After a robust first quarter for the gold-mining sector, a slew of the world\u2019s largest gold producers delivered standout financial and operational results driven by the soaring gold price. The yellow metal\u2019s price averaged US$2,860 per ounce during the quarter, up 38 percent from a year earlier, allowing the industry to capitalize on favorable macroeconomic […]<\/p>\n","protected":false},"author":0,"featured_media":17743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=17742"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/17743"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=17742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=17742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=17742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}