Categories Earnings, Other Industries

Newmont Corporation (NEM): Q4 2019 Earnings Snapshot

— 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.

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