“The cost inflation here is quite significant,” a Veritas Research analyst says in response to...

|By:, SA News Editor

“The cost inflation here is quite significant,” a Veritas Research analyst says in response to Newmont Mining's (NEM -5.8%) disappointing Q3. NEM projects gold costs/oz. at the high end of a $650-$675 range, and expects copper costs at $2.20-$2.35/lb. vs. an earlier forecast of $1.80-$2.20. “And you’ve got dwindling production, and that seems to be continuing."