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Newmont posts profit as prices, sales rise

THE world's number one gold producer, Newmont Mining, has recorded a first-quarter profit of US$1...

Greg Tubby

Equity gold sales totalled 1.78 million ounces at a higher cash cost of UUS$201/oz oz compared with 1.46Moz at US$195/oz in the March 2002 quarter. Newmont attributed the turnaround to the US$59 an ounce...

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