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Newmont Q3 Results Beat Expectations; Annual Gold By-product AISC Guidance Lowered

Barrons.com +2 ·

NEM Newmont Corp
$114.11 -2.62%
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  1. 1Newmont's adjusted earnings per share of $2.20 for the third quarter exceeded the third-quarter consensus of $1.94 per share.
  2. 2Newmont recorded a 13.4% beat compared to the third-quarter consensus, achieving a 28.7% year-over-year profit growth.
  3. 3Management improved the annual gold by-product AISC guidance by approximately 10%, from approximately $1,680 to approximately $1,520.

So what's the key point?

Newmont earned more profit than experts expected. The company set its cost standard for mining gold at $1,520.

Source Barrons.com +2 · View original ↗

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