Newmont Mining (NEM) Reports In-Line Q2 EPS; Offers Outlook
Newmont Mining (NYSE: NEM) reported Q2 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.97 billion.
Outlook: Improved 2015 outlook5 through strong operating performance and the addition of Cripple Creek & Victor (CC&V) gold mine; new guidance forecasts attributable gold production of between 4.7 and 5.1 million ounces, AISC of between $920 and $980 per ounce, and CAS of between $630 and $680 per ounce
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