Newmont Corporation: Will Its Balanced Capital Allocation Strategy Work? 

Newmont Corporation recently released its fourth-quarter 2023 earnings and 2024 guidance. Operationally, the company managed to produce 5.5 million ounces of gold at an all-in sustaining cost of $1,444 an ounce with additional production of nearly 900,000 gold equivalent ounces from copper, silver, lead, and zinc in 2023. This performance delivered adjusted EBITDA of $4.2 billion and allowed the company to return more than $1.4 billion to shareholders, ending the year with liquidity of above $6 billion.