RING - Why Gold Miner Newmont Shares Are Surging Today | Benzinga
Newmont Corporation (NYSE:NEM) shares are trading higher after the company reported first-quarter FY24 results.
Revenue reached $4.023 billion, above the consensus of $3.670 billion.
Gold production fell 4% Y/Y to 1.675 million ounces due to lower output at Tanami on planned mill shutdown and seasonal rainfall impacts and the ongoing stripping campaigns at Boddington and Akyem.
Also Read: Newmont’s Ghana Gold Mine Sale Targets $2B, Attracts Chinese Giants
Gold Costs Applicable to Sales (CAS) stood at $1,057 per ounce, and gold All-In Sustaining Costs (AISC) came in at $1,439 per ...