Newmont Mining Q2 2016 Earnings Review: Strong Performance Of Gold Mining Operations Drives Results

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Newmont Mining

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).

FCX Q2 2016 Earnings 2

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Newmont Mining

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