Newmont Mining (NYSE:NEM) +1.6% AH after adjusted Q3 earnings rose 13% Y/Y and easily beat analyst estimates as costs fell.
Q3 gold production totaled 1.15M oz., slightly below output of 1.28M oz. in the year-ago quarter, with higher production in Africa following the start-up of Akyem partially offset by lower production in North America primarily due to planned stripping campaigns at Carlin and Twin Creeks which are expected to continue into 2015.
All-in sustaining costs were $995/oz. vs. $1,018 a year ago.
Reaffirms its total attributable gold production estimate for the year at 4.7M-5M oz. and copper production of 80K-90K metric tons, and expects costs to come in at the low end of guidance.
Russia and Ukraine sign an agreement the parties say will guarantee the flow of Russian gas exports into Ukraine through the winter, following a long and bitter dispute over payments.
European Union energy chief Guenther Oettinger, who brokered the deal, says "we can guarantee a security of supply over the winter," not only for Ukraine but also for the EU nations closest to the region that stood to suffer should the conflict in Ukraine worsen.
Trimble (NASDAQ:TRMB) expects Q4 revenue of $560M-$590M and EPS of $0.26-$0.32, well below a consensus of $638M and $0.41.
CEO Steven Berglund, discussing Trimble's Q3: "While we recorded a year-over-year increase in revenue, the quarter was unimpressive. Our results in agriculture and Europe were both weaker than we originally anticipated."