Newmont jumps on profit beat

US gold major Newmont reported net income of US$2.9 billion and adjusted net income of $970 million on sales of $9.7 billion for 2019, up from net income of $380 million in 2018.

Newmont jumps on profit beat Newmont jumps on profit beat Newmont jumps on profit beat Newmont jumps on profit beat Newmont jumps on profit beat

Tom Palmer

The company produced 6.3 million ounces of gold, a 23% increase over the 5.1Moz produced in 2018, at an all-in sustaining cost of $966/oz, up from $909/oz in 2018, in line with its guidance.