Newmont (NEM) shares drop after missing consensus estimates
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Gold miner Newmont misses profit estimates on mining disruptions, higher costs
July 20, 2023 7:08 AM EDTBy Sourasis Bose
(Reuters) -Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world's largest gold miner down on Thursday.
Since early June, Newmont's operations at Penasquito mine in Mexico has remained suspended in response to a labor strike notice, hurting output.
Newmont last month told Reuters it declared a force majeure on deliveries of some metal products from the Mexican mine.
The company... More
Newmont (NEM) Misses Q2 EPS by 14c; misses on revenue
July 20, 2023 7:02 AM EDTNewmont (NYSE: NEM) reported Q2 EPS of $0.33, $0.14 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $3 billion.
For earnings history and earnings-related data on Newmont (NEM) click here.
... MoreNewmont (NEM) July option implied volatility into quarter results
July 19, 2023 11:13 AM EDTNewmont (NYSE: NEM) July call option implied volatility is at 55, August is at 42; compared to its 52-week range of into the expected release of quarter results before the bell on July 20.
... More