— 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.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed