Newmont Mining making progress with Carlin operations, Barclays says


Barclays comes away from a visit to Newmont Mining's (NEM -0.6%) Carlin complex in Nevada expecting an increase in the current production rate of 830K-910K oz./year with upside coming in 2015 due to increasing grades, plus an update on the progress of construction at the Turf vent shaft which is ~61% complete and on schedule.

NEM says the operations at Carlin showed well overall and believes there could be upside to production at the complex starting in H2 2015 and into 2016.

NEM’s ore sourcing and linear processing scheme at Carlin is material given Carlin represents 17%-20% of NEM’s total annual production.

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Comments (1)
  • james.
    , contributor
    Comments (1312) | Send Message
     
    This Carlin Gold Production increase of at least 200,000 oz of Gold per year starting in the second half of 2015 is welcomed news, especially since completion of the Turf vent shaft (now 61% complete) and improved grade of Gold ore will markedly decease the cost of production per oz of gold, thus greatly enhancing the Bottom Line of NEM.

     

    So how much will Barclays' analysts increase their Earnings Per Share estimate for NEM and when ? August 19, 2014 at 12:52 pm PDT.
    19 Aug 2014, 03:53 PM Reply Like
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