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.
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.
What to expect when Signet Jewelers (SIG) reports Q1 earnings
Shares of Signet Jewelers Limited (NYSE: SIG) were over 3% on Monday. The stock has dropped 13% over the past 3 months. The jewelry retailer is set to report its
MDB Infographic: Highlights of MongoDB’s Q1 2024 earnings report
Software company MongoDB, Inc. (NASDAQ: MDB) has announced financial results for the first quarter of 2024, posting an increase in revenues and adjusted profit. The company reported a 29% increase
Campbell Soup to report Q3 results Wednesday. Here’s what to expect
Campbell Soup Company (NYSE: CPB) is coming out of a rough patch after the packaged food company's sales and earnings got affected by the pandemic, due to the widespread movement