Newmont March 2020 Quarterly Earnings Surge by Nine-fold

  • May 06, 2020 AEST
  • Team Kalkine

Newmont Corporation, one of the largest global gold miners, reported a ninefold increase in quarterly earnings for March 2020 quarter, from $87 million (March ending 2019) to $822 million (March ending 2020).

  • The Colorado-based miner reported a net income of USD 822 million for the period, and the Company generated basic net income per share of USD 1.04 during the period, up by almost fourfold against the previous quarter.
  • The rise in earnings was well supported by the high gold prices and higher production, and Tom Palmer- CEO suggested that the Company is well-positioned to withstand the pandemic.


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