CAPITAL MARKETS

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.

Tom Palmer

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. Its average...

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