Newmont Corp. (NYSE:NEM) shares were mostly flat in Thursday’s extended trading after the company released its fourth-quarter earnings report, beating estimates on the top and bottom lines.
Here’s a look at the details from the report.
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The Details: Newmont reported quarterly earnings of $2.52 per share, which beat the consensus estimate of $2 by 25.94%.
Quarterly revenue clocked in at $6.82 billion, which beat the analyst consensus estimate of $6.16 billion and was up from $5.65 billion in the same period last year.
The world’s largest gold miner reported the following fourth-quarter production figures:
- Attributable gold production increased 2% to 1,453,000 ounces compared to the prior quarter, driven by the addition of new, low-cost ounces at Ahafo North, higher grade at Tanami and Merian, and …