Newmont Corporation (NEM)
- GuruFocus.com
Newmont Corp (NEM) Q1 2024 Earnings: Aligns with EPS Projections, Surpasses Revenue Forecasts
Robust Operational Performance and Strategic Asset Monetization Highlight the Quarter
- Reuters
UPDATE 3-Newmont beats quarterly profit, production estimates on Newcrest assets boost
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from strong production and higher sales. Quarterly attributable gold production in the quarter rose to 1.7 million ounces from 1.3 million ounces a year earlier, boosted through sites acquired following its acquisition of Australia's Newcrest A$26.2 billion ($17.06 billion) in November. On an adjusted basis, the Denver, Colorado-based Newmont posted a net income of 55 cents per share for the quarter ended March 31, compared with the average analyst estimate of 36 cents per share, according to LSEG data.
- Reuters
Newmont beats quarterly profit, production estimates on Newcrest assets boost
(Reuters) -Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from strong production and higher sales. Quarterly attributable gold production in the quarter rose to 1.7 million ounces from 1.3 million ounces a year earlier, boosted through sites acquired following its acquisition of Australia's Newcrest A$26.2 billion ($17.06 billion) in November. On an adjusted basis, the Denver, Colorado-based Newmont posted a net income of 55 cents per share for the quarter ended March 31, compared with the average analyst estimate of 36 cents per share, according to LSEG data.
