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Newmont Mining Corporation (NEM): Q3 2019 Earnings Snapshot

By Toby |
Earnings Update by AlphaStreet

—  Newmont Mining Corporation (NYSE: NEM) reported third-quarter 2019 earnings of $0.36 per share, vs. $0.39 per share expected.

— Revenue grew 57% to $2.71 billion, vs. $2.85 billion expected. The topline was driven by higher realized gold prices and higher sales volumes, including a full quarter from the Goldcorp assets.

— Produced 1.64 million ounces of gold, up 28% YoY

— For full year 2019, Newmont expects production of 6.3 million ounces, CAS at $715 per ounce and AISC at $965 per ounce.

— NEM shares fell 0.75 % immediately following the announcement.

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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