Newmont Mining Q2 2016 Earnings Review: Strong Performance Of Gold Mining Operations Drives Results
Newmont Mining reported strong Q2 earnings results with the stellar performance of the company’s gold mining operations offsetting the negative impact of the performance of the copper mining operations. Higher gold prices, higher gold shipments, and improved cost performance boosted the company’s overall results, offsetting the impact of lower copper prices and production on results. Additional production from the recently acquired Cripple Creek & Victor (CC&V) gold mine boosted production volumes whereas higher volumes and efficiency improvements resulted in improved cost performance for the gold mining operations, as illustrated by the all-in sustaining metric (a comprehensive measure of all costs required to sustain ongoing mining operations).
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
- Why The Commencement Of Production At The Merian Mine Will Boost The Fortunes Of Newmont’s South American Gold Mining Operations
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