Newmont Mining Q2 2016 Earnings Preview: Higher Gold Prices To Boost Q2 Results
We expect Newmont Mining to report improved earnings on a year-over-year basis, driven by an improvement in gold prices this year. Gold prices have risen sharply this year largely as a result of a surge in the investment demand for gold, driven by concerns over global economic growth exacerbated by the outcome of the UK’s EU referendum. The subdued global economic outlook has also weakened the chances of an interest rate hike by the Fed this year, which has further supported a rally in gold prices. This is expected to positively impact the earnings results of gold mining companies such as Newmont. Moreover, a stable all-in sustaining cost outlook for the year will allow higher gold prices to translate into higher earnings for Newmont Mining in Q2 2016.
Check out our realized price forecasts for Newmont Mining
Have more questions about Newmont Mining? See the links below.
- What Is Newmont Mining’s Revenue And EBITDA Breakdown?
- What Is Newmont Mining’s Fundamental Value Based On Expected 2015 Results?
- How Has Newmont Mining’s Revenue Composition Changed Over The Last 5 Years?
- By What Percentage Did Newmont Mining’s Revenue & EBITDA Decline In The Last 5 Years?
- By What Percentage Can Newmont Mining’s Revenue & EBITDA Grow In The Next 3 Years?
- How Will Newmont Mining’s Revenue Composition Change by 2020?
- Newmont Mining: A Look Back At The Year 2015
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