Newmont Mining’s Q3 2016 Earnings Preview: Higher Gold Prices To Translate Into Improvement In Results
We expect Newmont Mining to report improved Q3 earnings, driven by higher gold prices. Gold prices stood significantly higher on a year-over-year basis in Q3, as concerns over global economic growth and the uncertainty created by the outcome of the UK’s EU referendum drove the demand for gold as a safe-haven investment. Moreover, the success of Newmont’s cost reduction initiatives, achieved through a combination of the sale of high-cost mines and operational improvements, will allow the company to benefit from the elevated gold pricing environment of the third quarter. The following table presents a summary of our Q3 earnings expectations 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
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