Loading ...The Details: Newmont (NEM.NaE) reported quarterly GAAP earnings of 76 cents per share and quarterly revenue of $4.605 billion which beat the consensus estimate of $4.568 billion.
- The company produced 1.7 million attributable gold ounces, primarily driven by the production of 1.4 million gold ounces from Newmont’s Tier 1 portfolio, as well as 430 thousand gold equivalent ounces (GEOs) from copper, silver, zinc and lead, including 37 thousand tonnes of copper.
- Gold AISC per ounce increased 3% to $1,611 per ounce compared to the prior quarter primarily due to higher CAS.
- Average realized gold price was $2,518, an increase of $171 per ounce over the prior quarter.
Benzinga