Newmont (NEM) shares drop after missing consensus estimates

Go back to Newmont (NEM) shares drop after missing consensus estimates

Newmont Reports Second Quarter 2023 Results; Remains on Track to Achieve Full Year Guidance*; Declares $0.40 Second Quarter Dividend

July 20, 2023 7:00 AM EDT

DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced second quarter 2023 results and declared a second quarter dividend of $0.40 per share.

Second Quarter Decisions Position Newmont for a Strong Second Half Performance

Produced 1.24 million attributable gold ounces and 256 thousand co-product gold equivalent ounces (GEOs)** from copper, silver, lead and zinc; well positioned for stronger production in the second half of the year Reported gold Costs Applicable to Sales (CAS) of $1,054 per ounce and gold All-In Sustaining Costs... More