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More on Newmont Mining's (NEM) Q1 results: Average consolidated costs applicable to sales...

More on Newmont Mining's (NEMQ1 results: Average consolidated costs applicable to sales were $758/oz. of gold, vs. $620 a year earlier and $740 consensus. Attributable gold production fell 11% Y/Y to 1.17M oz., while attributable copper output grew 9% to 38M lbs. Lowers full-year attributable and consolidated capex outlooks by $100M each to $2B-$2.2B and $2.3B-$2.5B, respectively. Shares -1.8% AH.
Comments (2)
  • Mccarthy31
    , contributor
    Comments (36) | Send Message
     
    Feels like a 'B'.
    29 Apr 2013, 05:37 PM Reply Like
  • chuck lewis
    , contributor
    Comments (336) | Send Message
     
    Editor The Lewis Letter
    Where was the stock last year at this time? My take it was quite a bit higher. Numbers are not that bad for a dividend paying 4% gold miner. We expected the worse and NEM delivered. At lease it did not lose money. Stock looks cheap at the AH price.
    29 Apr 2013, 05:44 PM Reply Like
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