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2 clusters · 4 sources · 22 days · First seen · Last updated

Newmont gold mining operations and financial performance

Overview

Newmont’s operations have shown significant production and financial milestones. In Suriname, the Merian gold mine marked its tenth anniversary of commercial production, having yielded approximately 4 million ounces of gold since 2016. Newmont Suriname reported total revenue of approximately US$ 6.6 billion over the decade, with US$ 4.74 billion contributed to the country. The mine is estimated to remain operational until 2042.

On a corporate level, Newmont Corp reported record third-quarter adjusted net income of $2.3 billion. Quarterly revenue rose 15% year-over-year to $6.36 billion, supported by the production of approximately 1.3 million ounces of gold. The company reaffirmed its full-year gold production guidance of 5.3 million ounces.

Entities

Newmont · Jennifer Geerlings-Simons · Merian mine · Dave Meador · Suriname

Timeline

  1. [BUSINESS] 4 sources
    Newmont Corp reports record third-quarter adjusted earnings

    Newmont Corp reported record Q3 adjusted net income of $2.3 billion, reaffirming its full-year gold production guidance of 5.3 million ounces.

  2. [BUSINESS] 4 sources
    Newmont's Merian mine produces 4 million ounces of gold in ten years

    Newmont's Merian mine has produced 4 million ounces of gold since 2016, generating US$ 6.6 billion in revenue, with operations expected to continue until 2042.

Sources

fool.com.au · gold-eagle.com · marketbeat.com · seekingalpha.com