Newmont's solid balance sheet allows it to fund its growth projects, meet debt obligations and drive shareholder value, notwithstanding the near-term cash flow pressure. Among its major peers, Barrick Mining Corporation ( B - Free Report ) reported a free cash flow of $375 million for the first quarter, a nearly 12-fold year-over-year rise. The surge reflects Barrick's higher operating cash flows driven by an uptick in realized gold and copper prices. Barrick reduced net debt by 5% during the quarter, leveraging healthy free cash flow generation. Agnico Eagle Mines Limited ( AEM - Free Report ) also generated solid first-quarter free cash flows of $594 million, up around 50% year over year, backed by the strength in gold prices and operational results.