04:59 AM EDT, 10/24/2025 (MT Newswires) -- (Updates with stock movement in the first paragraph and headline, additional details in the last paragraph.)

Newmont ( NEM ) shares were down nearly 7% in premarket activity Friday after the company reported earnings and warned of lower free cash flow.

The company reported Q3 adjusted earnings late Thursday of $1.71 per diluted share, up from $0.81 a year earlier.

Analysts polled by FactSet expected $1.44.

Sales for the quarter ended Sept. 30 were $5.52 billion, up from $4.61 billion a year earlier.

Analysts surveyed by FactSet expected $5.19 billion.

The company kept its quarterly dividend at $0.25 per share, payable Dec. 22 to holders of record Nov. 26.

Sequentially compared with Q3, free cash flow in Q4 will likely be "adversely impacted" by a continued increase in spending on construction of the Yanacocha water treatment facilities and planned severance payments accrued in Q3, Newmont ( NEM ) said.