— Newmont Corporation (NYSE: NEM) reported Q4 2019 earnings of $0.50 per share, vs. $0.47 expected.
— Revenues grew 45% to $2.96 billion, vs. $2.93 billion
expected.
— Average realized gold price increased 20% to $1,478 per
ounce.
— Gold costs applicable to sales (CAS) increased 19% to
$1.25 billion.
— Gold all-in sustaining costs (AISC) rose 12% to $946 per
ounce.
— Attributable gold production increased 27% to 1.83
million ounces.
— FY2020 attributable gold production is expected to be 6.4
million ounces.
— FY2020 gold CAS is expected to be $750 per ounce.
— FY2020 gold AISC is expected to be $975 per ounce.
— NEM shares were up 0.82% in premarket hours on Thursday.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.