Categories AlphaGraphs, Other Industries

Newmont Mining: 4Q 2017 Earnings Snapshot

Newmont reported its fourth-quarter results as higher yellow metal sales and improved prices pushed sales 8% higher to $1.94 billion from a year ago. The company’s board declared $0.14 per share as the dividend for the quarter.

On a GAAP basis, net loss came in at $527 million. On the flip side, non-GAAP earnings, excluding tax charges and other items, was $0.40 per share, which spiked 60% from that of the same quarter in 2016.

The gold miner recorded a $346 million charge due to changes in deferred tax assets and liabilities and a restructuring fee of $395 million. For the quarter, gold all-in sustaining costs (AISC), a key metric tracked by the Street, rose 5% to $968 per ounce.

Outlook

Newmont expects to produce 4.9 to 5.4 million ounces of gold in 2018 and 2019 and the gold AISC to range between $965 and $1,025 per ounce in 2018.

 

 

 

Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top