Newmont posts Q2 earnings topper despite lower gold prices
Seeking Alpha ·
Newmont ( NEM ) up 1.3% pre-market Friday after reporting better than expected Q2 adjusted earnings and revenue rose 15% Y/Y to $6.12B even as its average gold prices fell compared to Q1. Q2 profit rose to $2.2B, or $2.06/share, from $2.06B, or $1.85/share, in the year-earlier quarter; adjusted earnings came
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Despite falling gold prices, Newmont (NEM) reported stronger-than-expected Q2 revenue of $6.12 billion, up 15% year-over-year. As a result, its shares rose 1.3% in pre-market trading. Net income also increased to $2.2 billion ($2.06 per share), demonstrating solid fundamentals. Investors are focusing on how cost reductions and production efficiency offset the decline in metal prices.
상승 영향
- Gold Mining — Newmont's Q2 revenue increased by 15% to $6.12 billion, demonstrating exceptional profitability and cost management capabilities despite falling gold prices.
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